Nine snags Olympics for $300M | Black market hurting weed maker | Toyota goes up, yen goes down

2023-02-12

Nine Entertainment will broadcast the Summer and Winter Olympics for the next decade, after paying over $300 million to snag the rights from Seven. Canopy Growth, one of the world’s largest marijuana producers, will close major operations because it says Canada’s marijuana industry is failing due to competition from a thriving black market. Toyota, the world’s biggest carmaker, posted a surprise 22% rise in third-quarter operating profit last week, partially thanks to a… weaker Japanese yen. ...

Nine Entertainment will broadcast the Summer and Winter Olympics for the next decade, after paying over $300 million to snag the rights from Seven.

Canopy Growth, one of the world’s largest marijuana producers, will close major operations because it says Canada’s marijuana industry is failing due to competition from a thriving black market.

Toyota, the world’s biggest carmaker, posted a surprise 22% rise in third-quarter operating profit last week, partially thanks to a… weaker Japanese yen.

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