Metro Sues Loblaws Over Price Fixing Claims
Metro Inc. (TSX: MRU) has taken legal action against Loblaw Companies (TSX: L), its parent company George Weston (TSX: WN), and subsidiary Weston Foods (Canada) Inc., alleging that Loblaw falsely implicated Metro in a bread price-fixing conspiracy, causing damage to its reputation. The lawsuit was filed in the Ontario Superior Court on Tuesday. The backdrop […]
Jon Stewart Walks Away From Apple After Being Censored
Apple TV Plus and Jon Stewart have decided to part ways ahead of the third season of The Problem With Jon Stewart due to “creative differences.” The show, once heralded as a significant achievement for Apple TV Plus when it was first announced in 2020, will no longer be produced, as reported by The New […]
‘I Wouldn’t Do It’: Nvidia CEO On If He Would Start the Company Again
Nvidia (Nasdaq: NVDA) co-founder and CEO Jensen Huang recently sat down with Ben Gilbert and David Rosenthal for an episode of their podcast Acquired and got refreshingly candid about how difficult it really is to start a company. Rosenthal gave Huang a hypothetical situation, “if you were magically 30 years old again, today in 2023, […]
Going Infantile: Lewis Faces Backlash For a Book that Isn’t Black And White
Michael Lewis was researching a book about Sam Bankman Fried and the FTX cryptocurrency empire when it underwent a spontaneous implosion in November of 2022, because of… well… a “liquidity issue.“ Lewis published that book, Going Infinite, this past October 3rd, just as its main character, former FTX CEO Sam Bankman-Fried, first faced a federal […]
Tecpetrol Acquires 54% Of Alpha Lithium, Extends Tender Offer
Tecpetrol has seen success in its attempt to acquire Alpha Lithium (NEO: ALLI). The fund, whom is focused on investing in the global energy transition, revealed late last night that it has successfully acquired a majority stake in the lithium explorer. Tecpetrol, as of October 20, has acquired 102.7 million shares of Alpha Lithium via […]
Canada’s Medical Assistance in Dying Policy Under Review as Mental Illness Inclusion Looms
Canada is poised to move forward with a significant change in its medical assistance in dying (MAID) policy. The nation will allow individuals with mental illnesses — and in effect, possibly those suffering from substance use disorders — to seek help in ending their lives starting in March, with certain conditions. However, this decision is […]
Republican Megadonor and Former Trump Supporter Peter Thiel Was An FBI Informant, Insider Reports
Silicon Valley billionaire, Republican megadonor, and former Trump supporter Peter Thiel has been revealed as a confidential human source (CHS) for the FBI, according to an exclusive report by Insider. Thiel’s role as an informant became active in the summer of 2021 when he began providing information to FBI agent Johnathan Buma, specializing in political […]
New York Prosecutors Unveil $1.1 Billion Crypto Fraud Lawsuit Against Digital Currency Group and Gemini
In a lawsuit filed in Manhattan on Thursday, New York state prosecutors have accused prominent crypto firms Digital Currency Group (DCG) and Gemini of orchestrating a massive fraud, which allegedly defrauded over 230,000 investors of a collective $1.1 billion. The lawsuit points to a series of missteps, including the failure to effectively manage the risk […]
Substack Takes a Swipe at X with New Link-Sharing Update
Substack has responded to X owner Elon Musk’s decision to remove headlines and links from third-party articles shared on his platform early in October. Links shared on X from Substack now automatically include the content headline with the Substack logo over the content’s main image in the preview. The catch, as Matt Navarra points out […]
Anson Funds Enters $3.3 Million Settlement With SEC
The Securities and Exchange Commission has announced that it has settled charges against Anson Advisors Inc. (AAI), a Canada-based company. AAI was found to be in violation of an SEC trading rule when it purchased stock in three public offerings for private fund clients after short selling the same stock for those clients during a […]