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WSJ Minute Briefing

Trump Administration Reclassifies Marijuana as a Less Dangerous Drug

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1671 Ratings

🗓️ 23 April 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: American Airlines says it could lose money this year because of higher fuel prices. And record low snowfall and warm weather added up to a bad ski season for Vail Resorts. Pierre Bienaimé hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think the potential of Agenic is to rethink how work gets done overall.

0:05.0

It challenges all sorts of traditional orthodoxies around how organizations execute the work at hand.

0:11.3

That's Jason Gersatus, CEO of Deloitte U.S., talking about the transformational potential of A.Gentic AI.

0:17.9

Join him later to learn why agents are a game changer for businesses across industries.

0:27.3

Here's your midday brief for Thursday, April 23rd. I'm Pierre Bien-Ame for the Wall Street Journal.

0:33.4

The Trump administration is reclassifying marijuana as a less dangerous drug, moving it out of the government's most restrictive Schedule 1 category.

0:41.8

It's a significant policy shift that could make it easier to buy and sell marijuana and reward investors in the cannabis industry, which is worth billions.

0:50.0

Marijuana has been classified as a Schedule 1 drug since 1970, alongside LSD and heroin.

0:55.9

The action downgrades marijuana to Schedule 3. You can get those drugs with a prescription.

1:01.5

American Airlines says it could lose money this year, given that fuel prices are soaring.

1:06.6

The carrier estimated its fuel costs would jump by $4 billion.

1:10.2

In the first quarter, American posted a loss of $382 million, but the airline said demand

1:15.8

for flights was steady. It posted record revenue in the quarter of $13.9 billion, beating Wall

1:22.1

Street's forecast. And it's been a bad ski season for Vail resorts. Skier visits to its North American mountain resorts dropped nearly 15%.

1:30.9

The company says record low snowfall and warm temperatures are to blame.

1:35.4

That means lower revenue from ski lifts, ski schools, and dining.

1:39.5

The biggest drop was in the Rockies, where visits fell by 25%.

1:43.5

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

1:52.0

We'll have more coverage of the day's news on the WSJ's What's News podcast.

1:55.8

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

2:01.6

Isn't home where we all want to be? Reba here for Realtor.com, the pro's number one most

2:06.9

trusted app. Finding a home is like dating. You're searching for the one. With over 500,000 new

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