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Snacks / Monday, April 22, 2019

Get Yoshi a passport... For the first time, the Chinese government will allow Nintendo's Switch gaming console to be sold in China, along with a new Super Mario Brothers game. Shares of the Japanese legend jumped 12% to their highest point in 6 months as they enter Earth's biggest gaming market.

Acquisition with an asterisk... Canadian cannabis icon Canopy Growth rose 4% for its 4/20 Eve "complex transaction with a simple objective": Buy American pot producer Acreage Holdings. The $3.4B deal only happens if the US government first legalizes cannabis nationwide. If it does, Canopy will own Acreage's 20-state head start.

Best week ever... First Qualcomm ended its patent dispute with Apple. Then it rekindled the relationship — iPhones will be powered by Qualcomm chips for the next six years (at least). The cherry on top was the announcement from Qualcomm's only other real competitor in 5G phone chips — Intel — that it's quitting that biz. Add it all up and Qualcomm stock rose 42% last week.

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