AM Markets Need to Know: California on social media, cannabis stocks, and more

[New York City and London multiple exposure image]

Stock index futures fell Thursday, a day after Wall Street edged higher, as investors braced for fresh volatility amid fading hopes of a resolution between the U.S. and Iran.

Now, here are five stories to watch:

CALIFORNIA TARGETS TEEN SOCIAL MEDIA ACCESS: California is advancing a bill that would [https://seekingalpha.com/news/4579172-california-advances-bill-to-ban-kids-under-16-from-social-media] ban children under 16 from platforms such as TikTok (TIKTOK [https://seekingalpha.com/symbol/TIKTOK]), Instagram (META [https://seekingalpha.com/symbol/META]), and Snapchat (SNAP [https://seekingalpha.com/symbol/SNAP]), targeting features like algorithmic feeds, endless scroll, autoplay, and notifications.

MUSK SAYS CYBERCAB PRODUCTION HAS BEGUN: Elon Musk said production of the Cybercab has started while cautioning [https://seekingalpha.com/news/4579182-elon-musk-says-cybercab-has-entered-production] that output will initially be slow due to a new supply chain before ramping up later this year and into next.

XAI FACES REGULATORY SCRUTINY RISKS: Investigations into xAI’s handling of harmful AI-generated content could limit its access to certain markets, parent. SpaceX warned [https://seekingalpha.com/news/4579177-spacex-warns-inquiries-into-sexually-abusive-ai-imagery-may-hurt-market-access-reuters-reports] in a prospectus, citing global probes into AI use across advertising and consumer protection.

CANNABIS STOCKS REVERSE GAINS: Cronos Group (CRON [https://seekingalpha.com/symbol/CRON]), Aurora Cannabis (ACB [https://seekingalpha.com/symbol/ACB]), Canopy Growth (CGC [https://seekingalpha.com/symbol/CGC]), Tilray Brands (TLRY [https://seekingalpha.com/symbol/TLRY]), and Organigram Global (OGI [https://seekingalpha.com/symbol/OGI]) fell between 7% and 14% after investors reassessed the limited impact [https://seekingalpha.com/news/4579161-cannabis-selloff-hits-cron-acb-cgc-tlry-ogi-as-reclassification-seen-limited] of marijuana reclassification efforts.

U.S. SOLDIER CHARGED IN POLYMARKET CASE: The Justice Department charged Gannon Ken Van Dyke with fraud and unlawful use of confidential information [https://seekingalpha.com/news/4579166-us-soldier-charged-after-allegedly-earning-400000-betting-on-maduros-removal] after he allegedly earned over $400,000 trading on Polymarket using advance knowledge of a U.S. military operation targeting Venezuela.

MORE ON MARKETS

* Markets Are Stuck In The Waiting For U.S.-Iran Talks [https://seekingalpha.com/article/4893594-markets-stuck-waiting-for-us-iran-talks]
* AAII Sentiment Survey: Optimism Roars [https://seekingalpha.com/article/4893561-aaii-sentiment-survey-optimism-roars]
* Confidence In 'Rules Of The Game' [https://seekingalpha.com/article/4893509-confidence-in-rules-of-the-game]
* 3 things to look out for on Friday [https://seekingalpha.com/news/4578939-3-things-to-look-out-for-on-friday]
* The Iran war isn’t over, but the markets are still pricing in higher growth [https://seekingalpha.com/news/4578985-the-iran-war-isn-t-over-but-the-markets-are-still-pricing-in-higher-growth]