Marijuana stocks spun higher in market trade Friday, rallying on reports President Donald Trump aims to loosen federal restrictions on marijuana. Plans call for cutting oversight of marijuana products to the same level as some ordinary prescription painkillers.

Likewise, World Liberty Financial, a firm Trump and Steve Witkoff co-founded last year along with their sons, started trading a new token in September. It rose to 25 cents in late September but has yet to take off and on Friday fell to 14 cents.

The executive order reclassifies marijuana as a Schedule III drug, easing the path for more research.

The move could doom bipartisan efforts to ban stock trading, as Republicans may not back a measure that extends to the executive branch.

On April 2, the president unveiled his touted tariff and trade policy. It featured a sweeping 10% global tariff, along with higher "reciprocal tariffs" on dozens of countries that were deemed to have adverse trade imbalances with America.

Trump Media & Technology is merging with fusion energy company TAE Technologies in a deal worth more than $6 billion, aiming to harness the fledgling technology to power energy-hungry artificial intelligence data centers.

U.S. President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.