Business Briefs: Tesla, marijuana, Walmart

Posted: Updated:
NEW YORK -

Tesla has named a new board chair following months of controversy surrounding CEO Elon Musk. Telstra CEO Robyn Denholm will take over the role, effective immediately. Musk agreed to step down as chair as part of a settlement connected to a SEC violation. Musk will remain Tesla's CEO, but cannot be renamed chair for three years.

The cannabis industry is getting a boost after the departure of Attorney General Jeff Sessions. Some cannabis industry stocks reported hikes of more than 9 percent after Sessions' resignation. Sessions has been a major critic of marijuana legalization. The upward movement comes just after the industry celebrated cannabis-friendly legislation passing in Michigan and Missouri.

Walmart is ready to party for Black Friday. The retailer will host coffee and cookie parties on Thanksgiving to kick off Black Friday. Walmart will officially offer its Black Friday deals online starting on Nov. 21. The news comes as Target and Amazon recently announced free holiday shipping. Walmart is maintaining a $35 minimum for free shipping.

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