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This basket consists of stocks that serve the 18+ crowd, such as casinos, alcohol, tobacco, and strip clubs.
The world’s largest beer maker is using low-cost sensors and machine learning to predict when motors at a Fort Collins, Colo. brewery might malfunction. SA plant was the first among the company’s 350 beverage-making facilities to test whether wireless sensors that can detect ultrasonic sounds—beyond the grasp of the human ear—can be analyzed to predict when machines need maintenance. The project began about six months ago when Mr. Festetics’s team installed 20 wireless sensors across three packaging lines motors to measure vibrations.
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Altria Stock Fell More than 6% after Morgan Stanley’s DowngradeMorgan Stanley’s downgrade On January 22, Morgan Stanley downgraded Altria (MO) from “equal weight” to “underweight.” Morgan Stanley lowered the target price from $54 to $45.
Where we’re headed: Declining cigarette sales volumes and potential pressure from the Food and Drug Administration are behind the Morgan Stanley downgrade. The increasing popularity of e-cigarettes has worried investors, and even though Altria took a stake in the e-cigarette maker Juul Labs, some think it paid too much. Altria didn’t immediately respond to a request for comment.
The head of Philip Morris International has said the cannabis market remains too risky for it to follow rival cigarette maker Altria by making a significant investment in the nascent sector. André Calantzopoulos, chief executive, stressed that there was a paucity of scientific data on the long-term impact of cannabis. Because international regulators were adopting different approaches to the drug, there could be logistical and reputational risks, he said.
Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan ($4.42 billion), as China steps up measures to reduce economic risks and clamp down on illicit capital outflows. Macau police and state news agency Xinhua reported on Tuesday that a criminal gang had illegally brought credit card point-of-sale terminals from the mainland into Macau's casinos for gamblers to get cash out. Macau is the world's biggest gambling hub.
● Shares in Sirius Minerals dropped after the developer of a polyhalite mine in Yorkshire proposed a new path to raising $3bn of senior debt needed for the project. The company switched its plan from two ...