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Cannabis (2)

MGC Pharma raises $10M to accelerate medicinal cannabis development

MGC Pharmaceuticals has raised $10 million in its endeavour to seek acquisitions and increase the development of medicinal cannabis and related products. The share placement, which came at $0.065 a share, was oversubscribed by investors from Asia, Australia and North America.
Australian Prime Minister Malcolm Turnbull speaks during a media conference announcing new anti-terrorism laws in Sydney, Australia, July 25, 2016.

Labor, business leaders oppose Malcolm Turnbull’s tax cuts

The administration of Prime Minister Malcolm Turnbull’s 10-year plan to cut business taxes will be subjected to a Senate vote. Labor disapproves the tax cut, with the opposition saying Australians will be forced to shell out an extra $4 billion if company tax cuts would push through.
Renewable energy (3)

Renewable energy will not substitute coal, Government to spend $2B in Snowy Hydro

Following the Federal Government’s announcement that it will spend up to $2 billion in Snowy Hydro in order to enhance the electricity output by 50 percent, federal resources minister Matthew Canavan said coal will not be substituted by renewable energy. He added the government will not stall its investment in clean coal technologies.
Tesla

Tesla Model Y render excites fans; Model 3 process time to go down significantly

While Elon Musk revealed plans of streamlining Tesla Model 3 deliveries, an interesting render of the much-awaited Model Y has surfaced online, making fans excited. Even though Tesla is currently focusing only on its upcoming electric vehicle (EV) sedan, it has not stopped fans from speculating about the Model 3 crossover.

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