Stock Movers: Tilray Brands Surges, Gildan Activewear in Talks, Intel Rises After Trump Meeting

Cannabis Stock Surge

• 💡 Tilray Brands (TLRY) shares are up 9%, following a 42% gain yesterday, driven by President Donald Trump's consideration of reclassifying marijuana as a less dangerous drug.
• 📈 Other cannabis producers like Aurora Cannabis (ACB) are also seeing gains, with an ETF (MSOS) experiencing inflows due to this news.
• ⚠️ Despite the positive movement, an analyst from Bloomberg Intelligence suggests federal changes are a long way off, and some companies may consider selling assets.

Gildan Activewear Acquisition Talks

• 🎯 Gildan Activewear is reportedly in advanced talks to acquire US underwear maker Hanesbrands Inc. (HBI).
• 🚀 This potential acquisition, if it proceeds, would be Gildan's largest ever.
• 📊 Hanesbrands shares surged 28% on the news, recovering from a 40% loss earlier in the year.

Intel's Meeting with President Trump

• ⚡ Intel (INTC) shares are up 3% following a meeting between its CEO, Lip-Bu Tan, and President Donald Trump.
• 💬 Trump described the meeting as "very interesting" and indicated cabinet members would continue discussions with Intel's CEO.
• 🔄 This positive engagement marks a reversal from recent criticism where Trump had called for CEO Tan's resignation and accused him of conflicts of interest.