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The Senate has passed a coronavirus relief bill that will cost $1.9 trillion.
The party-line vote was 50-49. Republican Senator Dan Sullivan of Alaska had to rush home to attend the funeral of his father-in-law. His absence meant that Vice President Kamala Harris did not have to cast her tie-breaking vote as president pro tempore.
The Senate had been tied up for days debating and voting on dozens of amendments offered by Republicans who sought to slow down the process to a crawl. But Majority Leader Senator Chuck Schumer and the White House forged ahead until a vote was assured.
It’s debatable how much of that $1.9 trillion will go toward actual pandemic relief and how much there is in payoffs to Democratic constituencies who helped elect Joe Biden president.
February 9, 2021
Sundial (NASDAQ:
SNDL) is experiencing a halo-effect alongside its sector peers, up nearly 30% in trading today today after competitor
Tilray (NASDAQ:
TLRY) announced a new medical cannabis distribution deal. Trading volume in Sundial was more than double the daily average at the time of writing, with more than 1 billion trades today.
Source: Shutterstock
That deal would introduce Tilray’s products to the U.K. market for availability via the National Health Service. Those products are expected to be available for purchase starting next month.
While Tilray’s news may be the timeliest catalyst, it’s also worth noting that Sundial recently entered the top 10 most popular holdings on