Tesla Tumbles In Pre-Market Trading Following Weak Q1 Production, Delivery Figures
Tesla (NASDAQ: TSLA) has fallen far short of analyst estimates for its first quarter production and delivery performance. The company this morning released the much anticipated results, while blaming the shortfalls on an “early phase of the production ramp” of its updated Model 3. The company also worked to blame the weak numbers on factory […]
Cytophage Reports Early Success In Single Subject Clinical Trial
Cytophage Technologies (TSXV: CYTO) has seen early success in a recently completed human trial conducted at The Ottawa Hospital. The trial, which saw the use of its phages for the treatment of an antibiotic-resistant prosthetic joint infection, was the first time in Canada that phages were used for the treatment of a joint replacement infection.
Florida Supreme Court Clears Recreational Marijuana Initiative for November Ballot
The Florida Supreme Court has given the green light for an initiative to legalize recreational marijuana to appear on the state’s ballot in November. The proposed amendment, opposed by many Republicans, including the state attorney general’s office, would allow individuals aged 21 and above to possess, purchase, or consume marijuana products for personal non-medical use. […]
Lawmakers Introduce Bill to Crack Down on Shrinkflation Tactics
Democratic Representatives Chris Deluzio and Marie Gluesenkamp Perez have introduced the Shrinkflation Prevention Act to the House of Representatives. ‘Shrinkflation’ refers to the tactic employed by corporations where they reduce the quantity or size of their products while maintaining the same price point. This tactic, which is so sneaky it often goes unnoticed by consumers, […]
HSBC Completes $10B Sale of Canadian Unit to Royal Bank of Canada
HSBC Holdings (LON: HSBA) announced quietly late last week that it has completed the C$13.5 billion (US$9.96 billion) sale of its Canadian subsidiary, HSBC Bank Canada, to the Royal Bank of Canada (TSE: RY). The deal, first unveiled in December 2023, merges Canada’s largest and seventh-largest lenders. According to HSBC’s statement, the transaction will result […]
Russia to Draft 150,000 More Men in Spring Conscription Drive
Russian President Vladimir Putin has signed a decree to conscript 150,000 citizens for compulsory military service during the spring draft period from April 1 to July 15, 2024. The decree, published on the Kremlin’s official website, and reported by TASS, calls up men aged 18 to 30 who are not in reserve and are eligible […]
Facebook Secretly Intercepted Snapchat’s Encrypted Traffic to Gain Competitive Edge
Newly unsealed court documents have revealed that in 2016, Facebook launched a secret project codenamed “Ghostbusters” aimed at intercepting and decrypting Snapchat’s encrypted network traffic. The goal was to gain insights into Snapchat users’ behavior to help Facebook compete more effectively against the rising app. The documents, part of an ongoing class-action lawsuit against Facebook’s […]
Nuclear: South Korea Extends Life On 10 Reactors, France Initiates New 1650MW Plant
South Korea is set to embark on extending the lifespan of ten nuclear reactors in a bid to meet its green energy objectives. Under the previous administration, these reactors were slated to be permanently shut down within the next five years. However, a shift in policy direction has led to a new strategy aimed at […]
Tensions Escalate in South China Sea as US, Japan, and Philippines Plan Joint Naval Patrols
The United States, Japan, and the Philippines are reportedly preparing for joint naval patrols, heightening the ongoing tensions in the disputed South China Sea region. The announcement comes amidst escalating tensions between China and the Philippines, with reports indicating an imminent attack by China on the Philippines at Second Thomas Shoal. Chinese government propaganda outlets […]
Google Expands Crypto Wallet Search to Include Bitcoin, Major Blockchains
Google (Nasdaq: GOOG) Search is now allowing users to view the token balances of wallets on several major blockchain networks, including Bitcoin, Arbitrum, Avalanche, Optimism, Polygon, and Fantom. By typing in a wallet address, users can see the remaining balance of the native token held in that wallet, along with the timestamp of when the […]