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The Biden administration wants to reclassify marijuana as a less dangerous drug.

And Columbia University threatens to expel pro-Palestinian student protesters who took over a campus building.

They want the university to stop interacting with companies who do business in Israel.

Plus, the founder of Binance, the largest crypto firm in the world, has been sentenced to four months in jail.

It's Tuesday, April 30th. I'm Anne Marie Fertulli for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that moved the world today.

The Biden administration is working on a plan to reclassify marijuana as a less dangerous drug.

People familiar with the matter said in what would be a potentially historic move

that could make it much easier to buy and sell pot.

The reclassification also has the potential to make the multi billion

dollar industry more profitable. Biden allies hope the move will sure up the

president standing with younger voters who have been particularly supportive

of liberalizing marijuana policies.

Sources said Justice Department officials plan to submit a proposal for

...