Forbes Daily: Apple Names New CEO As Tim Cook Steps Down |
Monday may have been the unofficial cannabis holiday, but shares of firms offering psychedelic treatments were riding high, too.
President Donald Trump signed an executive order on Saturday to expedite research and access to psychedelics to treat serious mental illness, including PTSD and opioid addiction. Shares of AtaiBeckley, a drug development platform using psychedelics to treat mental health disorders, skyrocketed 22% Monday, along with those of other companies providing psychedelic-assisted therapy.
The only drug Trump specifically named is ibogaine, commonly used to treat depression, anxiety and PTSD among veterans, though research suggests it could pose safety risks.
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Tim Cook is stepping down as CEO of Apple later this year and will be replaced by Apple hardware engineering executive John Ternus.
With the temporary ceasefire with Iran set to end Wednesday, Vice President JD Vance is expected to travel to Pakistan for potential negotiations, though Iran has not confirmed it will participate in any talks.
The data centers being built to fuel the AI boom are not just expensive, they’re potentially also strategic infrastructure targets that could be vulnerable during times of war. Executives in data center security tell Forbes that reality is driving an increased appetite for more hardened security—especially counter-drone capabilities—both in the........