3 Shifts Edition (Dec 19 2025): Trump’s order reclassifying marijuana, IPOs are surging, Memory-chip shortages & higher prices Artwork

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6Pages Market Shifts

3 Shifts Edition (Dec 19 2025): Trump’s order reclassifying marijuana, IPOs are surging, Memory-chip shortages & higher prices

December 19, 2025 • 6Pages

Hi everyone – welcome to your 3 Shifts Edition [AI-generated audio version].

First, President Trump just signed an executive order to reclassify marijuana from Schedule I to Schedule III. The move will change the game for medical access, research, and cannabis-business tax deductions, although it stops well short of full legalization.

Next, IPOs are surging, with 2025’s $75B haul blowing past last year and 2026 looking stacked with mega-deals. SpaceX, Anthropic, Fannie Mae and Freddie Mac, and possibly OpenAI are circling the runway, while many others are quietly making their preparations.

Finally, memory-chip makers can’t keep up with demand – and shortages are expected to last into 2026 and potentially beyond. Rising memory prices are driving up prices for electronics ranging from PCs to game consoles to smartphones.

Enjoy.

Tam

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