Illinois sees record pot sales, with boost from Lollapalooza

CHICAGO — Illinois dispensaries sold a record $127.8 million in recreational marijuana in July, with a big boost coming from out-of-state fans who converged on Chicago for the Lollapalazoo music festival. The month’s sales were 10% higher than May’s record of $116.4 million, which were slightly higher than June’s $115.6 million, according to a monthly report by the Illinois Department […]

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Former VW boss to pay firm $13 million over diesel scandal

FRANKFURT, Germany — Former Volkswagen CEO Martin Winterkorn has agreed to pay 11.2 million euros ($13.6 million) in compensation for what the company called his failure to quickly get to the bottom of the 2015 scandal over diesel engines rigged to cheat on emissions tests, the company said Wednesday. Winterkorn’s payment is his share of an overall 288 million-euro settlement […]

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Billionaires John, Laura Arnold to give 5% of wealth yearly

Billionaire philanthropists John and Laura Arnold have committed to donate 5% of their wealth annually as part of an effort to encourage increased, timelier donations to charities. The Arnolds, who live in Houston, are the first billionaires to sign on to the advocacy organization Global Citizen’s “Give While You Live” campaign, which calls on the world’s billionaires to give at […]

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Amazon Buys Podcast Startup Wondery

Amazon announced on Wednesday that it is acquiring podcast startup Wondery, marking another major push into audio content for the company. Amazon began offering podcasts on its Amazon Music Service in September 2020. Amazon’s purchase of Wondery, which was the largest independent podcast company on the market, could help it better compete with rivals such as Spotify and Apple in […]

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