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Yahoo
a day ago
- Business
- Yahoo
Why Mind Medicine Gave Investors a Powerful Buzz in May
Connecticut lawmakers advanced a bill that would decriminalize psilocybin if ultimately passed. Investors were also cheered by a C-suite appointment. 10 stocks we like better than Mind Medicine (MindMed) › Mind Medicine (NASDAQ: MNMD), a healthcare company that's looking to develop treatments based on psychedelic compounds, was something of a sleeper stock in May. Several positive developments pushed the highly specialized enterprise's share price higher, to the point where it closed the month up almost 14% in price. The main driver of this gain was a small step forward in the decriminalization of psilocybin. That's the psychoactive compound that Mind Medicine -- or MindMed, as it's known for short -- is aiming to develop into substances that can help treat certain psychological disorders. That tiny movement forward came from the Connecticut House of Representatives, which in mid-May passed a bill that would drastically change the legal status of psilocybin. It now must go through a process that includes a vote in the state Senate before it can become law. In its current form, the bill would decriminalize the substance, chiefly found in so-called "magic" mushrooms, to the point where possession of a small amount would be punishable only by a $150 fine. That's quite a shift from the current regime, in which violators can be sentenced to jail time. The vote in the House was narrow, however, with 74 in favor versus 65 against, and Gov. Ned Lamont rejected an earlier psilocybin decriminalization bill, so this wasn't exactly a slam dunk. Still, MindMed investors saw it as a win that there's continued movement on nudging the substance toward at least a soft form of legalization. Company management is clearly anticipating movement on the decriminalization front, whether or not the Connecticut effort is successful. Toward the end of May, the company announced it had appointed a new CFO. Brandi Roberts wasted little time in formally taking up the position several days later. Roberts has significant experience as a CFO in various businesses in the life sciences sector, which should help boost the credibility and viability of Mind Medicine. According to the company, her experience also includes bringing her previous employer, Longboard Pharmaceuticals, to its initial public offering and later being instrumental in its sale to Denmark-based peer H. Lundbeck. Things were looking up for MindMed in May, but we should always bear in mind that as a company focused on a substance that is currently illegal throughout the U.S., it remains a very speculative investment. I like its uniqueness, and I feel that if the legal framework shifts it could do quite interesting work. But this is a stock for investors with high risk tolerance only. Before you buy stock in Mind Medicine (MindMed), consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Mind Medicine (MindMed) wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor's total average return is 987% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Mind Medicine Gave Investors a Powerful Buzz in May was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
West Australian
3 days ago
- Sport
- West Australian
Socceroos brave Perth wet weather for open training session at HBF Park ahead of WA World Cup qualifier
The countdown to the biggest game in Perth's soccer history is underway and the Socceroos are stepping up preparations — come rain, hail or shine. With just days to go until their crunch World Cup qualifier against Japan, the Socceroos have enjoyed their first training session in Perth ahead of Thursday's night Optus Stadium blockbuster. Both the national team and approximately a couple of hundred of fans braved the inclement weather for the open session at HBF Park on Monday evening. WA products Adam Taggart, Alessandro Circati and Cameron Burgess were among the Socceroos on the pitch as they enjoyed their first session on home soil after a grueling 10-day training camp in Abu Dhabi. But while Perth's downpour kept a big crowd away, the Australian team made sure to make it worth the time of those who did attend in spite of the heavy rain. Following the conclusion of their session, the Australian side ventured to the edge of the pitch to sign autographs for their adoring fans despite the rain re-commencing. 21 players were on track for the Socceroos, with Denmark-based Paul Izzo and Mo Toure and American-based Aiden O'Neill, Kye Rowles and Patrick Yazbek still yet to arrive in camp. A win for the Socceroos on Thursday night would put them on the brink of qualification for a sixth successive World Cup. If Saudi Arabia fail to beat Bahrain in the hours after Australia's match with Japan, it would ensure the Socceroos safe passage through to next year's marquee tournament, to be played across the USA, Canada and Mexico. Any positive result for Australia against an already-qualified Japanese side - who have left several stars at home and brought an inexperienced squad to Perth - would set them up well ahead of their final game of the campaign against Saudi Arabia in Jeddah next Tuesday.
Perth Now
3 days ago
- Sport
- Perth Now
SOAK-EROOS! Aussie stars brave drenching for WA training run
The countdown to the biggest game in Perth's soccer history is underway and the Socceroos are stepping up preparations — come rain, hail or shine. With just days to go until their crunch World Cup qualifier against Japan, the Socceroos have enjoyed their first training session in Perth ahead of Thursday's night Optus Stadium blockbuster. Both the national team and approximately a couple of hundred of fans braved the inclement weather for the open session at HBF Park on Monday evening. If you'd like to view this content, please adjust your . To find out more about how we use cookies, please see our Cookie Guide. WA products Adam Taggart, Alessandro Circati and Cameron Burgess were among the Socceroos on the pitch as they enjoyed their first session on home soil after a grueling 10-day training camp in Abu Dhabi. But while Perth's downpour kept a big crowd away, the Australian team made sure to make it worth the time of those who did attend in spite of the heavy rain. Fans take in the session. Credit: Ross Swanborough / The West Australian Following the conclusion of their session, the Australian side ventured to the edge of the pitch to sign autographs for their adoring fans despite the rain re-commencing. 21 players were on track for the Socceroos, with Denmark-based Paul Izzo and Mo Toure and American-based Aiden O'Neill, Kye Rowles and Patrick Yazbek still yet to arrive in camp. Players going through their paces in Perth. Credit: Ross Swanborough / The West Australian A win for the Socceroos on Thursday night would put them on the brink of qualification for a sixth successive World Cup. If Saudi Arabia fail to beat Bahrain in the hours after Australia's match with Japan, it would ensure the Socceroos safe passage through to next year's marquee tournament, to be played across the USA, Canada and Mexico. Fans watching. Credit: Ross Swanborough / The West Australian Any positive result for Australia against an already-qualified Japanese side - who have left several stars at home and brought an inexperienced squad to Perth - would set them up well ahead of their final game of the campaign against Saudi Arabia in Jeddah next Tuesday.
Yahoo
27-05-2025
- Business
- Yahoo
Maersk more than halfway through $1B stock buyback
A.P. Moller-Maersk, parent of shipping line Maersk, said it has bought back almost $600 million of a total planned $1 billion worth of its own shares in the first phase of a purchase program. Copenhagen, Denmark-based Maersk (OTC: AMKBY) in February announced it planned to buy back a total of $2 billion worth of shares in two phases over 12 months. The first phase of the buyback program began Feb. 7 and will run to August of this year. The shares to be acquired will be limited to a total market value of around $1 billion. The company said that through May 23, it had acquired 58,951 A shares and 333,853 B shares, including 2,090 shares from the Moller family, for a total of $599.7 now owns 58,951 A shares and 440,918 B shares, or 3.16% of the company's share capital. Maersk earlier this month revised full-year global container volume growth from 4% to 4% growth to 1% contraction, on the effects of U.S. tariffs with trading partner countries, including China. Buybacks increase earnings per share because there are fewer shares and also increase earnings as a percentage of assets and earnings as a percentage of equity, ratios that Wall Street tracks. It's also tax-efficient for U.S.-based investors because increased share value monetized as capital gains is taxed at lower rates than distributing the excess cash to investors as dividends. According to public information, Maersk stock is 0.02% owned by institutional investors, 0.01% by company insiders, and 99.97% by public companies and individual Mc-Kinney Moller, a fourth-generation descendant of the Maersk family which controls the shipping giant, is chair of both the A.P. Moller Foundation and its investment company, A.P. Moller Holding, where her son, Robert Maersk Uggla, is the chief executive. Find more articles by Stuart Chirls China-US container rates up by double digits Savannah sees record containers amid tariff frenzy Zim profit up on higher container volume, rates No container tsunami heading to Los Angeles, says port chiefThe post Maersk more than halfway through $1B stock buyback appeared first on FreightWaves. Sign in to access your portfolio
West Australian
26-05-2025
- Politics
- West Australian
Big walk set to end with big talk as activist trek 250km calling for an end to forest mining
At the end of a 250km walk most people would be looking for a bed — but activist Ricky England will be reaching for the megaphone. Taking the first steps of an enormous trek, Mr England and several other activists embarked on a walk from Dwellingup to Perth in a bid to end forest mining. The Denmark-based clinical social worker took off from Dwellingup Discovery Centre on Saturday and is spending the next 10 days on the Bibbulmun Track, aiming to arrive at Parliament House on June 2 for a public rally at the Supreme Court Gardens at 2pm. England said the walk aimed to shine a light on the expansion of forest mining by mining companies Alcoa and South 32. 'They (mining companies) want to move into 30,672ha of bush, which for the average Joe, is about 6800 footy fields,' he said. 'We're calling on the government to make an important decision, and we're also calling on people to come to the rally.' The route was chosen for a number of reasons, from its proximity to mining operations and its significance to Bindjareb, Wiilman and Whadjuk Noongar peoples to its recognition as one of Western Australia's most iconic walking trails. 'People come from all over the world to walk this track,' he said. 'It's really significant to have this kind of impact on the Bibbulmun track as well as the Munda Biddi trail.' Before setting off, Bindjareb man Theo Kearing welcomed the hikers to the country and spoke of the significance of the forest to his people. 'I want to let Alcoa know, it's not about the here and now,' he said. 'It's not about how much money you can make, it's about the next generations to come. 'I'm sure everybody wants their great-grandkids and what-not to go into the area that we were always able to go to.' Mr England said he would be offering piggyback rides to a number of people along the way, with Rove McManus and Judith Lucy reported to have taken him up on the offer. Prior to the walk England was able to get in some piggyback training with South West local and musician John Butler. 'I'm offering Premier Roger Cook, Environment Minister Matthew Swinbourn, and chair of the Environmental Protection Authority Darren Walsh to join me on the walk,' he said. 'I want to show them the precious places they are happy to destroy. 'They don't realise the Bibbulmun Track and Munda Biddi Trail are under attack, with relocations of these tracks happening regularly and more planned. Bush walkers are not happy and there are a lot of us.' The walk is supported by the WA Forest Alliance, the Conservation Council of WA, the Wilderness Society and End Forest Mining with funds raised to continue their cause.
