Global investors including Temasek and Alpha Wave Global are negotiating a $1.3 billion investment in Adani Group’s airports business, valuing Adani Airport Holdings at about $18 billion. The consortium is expected to include four investors, though two identities are unverified. Talks face hurdles: Adani’s management wants a steep premium and has rejected requests for structured, assured returns. Any equity fundraise may also depend on a forthcoming US DOJ decision on bribery and fraud allegations against Gautam Adani.
The US Department of Justice is easing federal rules on certain marijuana items by reclassifying the drug as less dangerous. The shift could reduce research hurdles and lessen tax burdens, while aligning federal policy more closely with scientific and medical understanding. Supporters say it may also improve access for patients nationwide, with major implications for the $47 billion cannabis industry.
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