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Germany is going to legalize the use of medical marijuana and the concerned law is expected to get effective from the fall of 2017. The planned law aims to make cannabis available for the patients in need. The draft law is scheduled to get approval from German cabinet on Wednesday and will be forwarded to the parliament for transformation into a law.

Rep. Todd Young defeated Rep. Marlin Stutzman in the race for Senate in Indiana. He will face Baron Hill from Democrat in general election which to be held in November.

Seven world’s largest banks have announced on Tuesday settling a private lawsuit for $324 million filed in connection with ISDAfix scam. The settlement still requires court approval to get effective. Several other banking giants are yet to settle related lawsuits for the crimes committed during 2009 to 2012.