(Reuters Breakingviews) - Breakingviews has launched a daily column covering pan...
MILAN/LONDON/NEW YORK/MUMBAI - Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets during this important unfolding story.
IS CANNABIS A COVID-19 ESSENTIAL? Many consumers would say so. As urban lockdowns spread, the weed industry is lobbying for dispensaries to remain open, like supermarkets and pharmacies. San Francisco, Los Angeles and the Netherlands have already decided cannabis is crucial. U.S. DRILLERS ADD LEASES TO THEIR WOES. Oil and gas companies in the Permian Basin are already reeling from the double whammy of falling demand due to Covid-19’s rout of global economies and the Saudi-Russia price war. That has prompted oil giants like Exxon Mobil and Chevron to cut production. Even the Texas Railroad Commission, which regulates the state’s extractive industry, is eyeing mandatory production cuts.
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