President Donald Trump is expected to call on the Chinese tech giant to sell the wildly popular short-video platform. Bloomberg reported the order could come as early as Friday and that Microsoft is considering purchasing the firm. (Bloomberg)
Marc-André Blanchard will oversee investments outside Canada, where the pension fund has 66 per cent, or about $225 billion, of its $340 billion in assets. (The Logic)
The Vancouver-based firm netted $315 million in the second quarter, as higher bad-debt expenses, store closures and reduced roaming fees all weighed on results. (The Logic)
Project Kuiper will see the company launch 3,236 satellites in a bid to offer high-speed internet access to parts of the world underserved by traditional network infrastructure. The company announced it was earmarking over US$10 billion for the project. (The Logic)
The royalty-style licensing system will be open to media companies that create, publish and serve an Australian audience, and are subject to professional editorial standards and editorial independence with revenue exceeding A$150,000 per year. Notably, Australia’s public broadcasters are excluded from the program. The treasurer will decide which companies will be required to comply with the code, but has already decided to include Facebook and Google. Both companies argue that they deliver traffic to news sites, which they claim contributes to more than A$400 million combined in revenue to those publishers. (The Guardian)
Seventeen-year-old Graham Clark of Tampa faces 30 felony charges for "scamming people across America" in the security breach, which saw the accounts of high-profile users like Elon Musk and Kim Kardashian used to solicit Bitcoin contributions from their followers. Mason Sheppard, 19, of Bognor Regis in the U.K. and Nima Fazeli, 22, of Orlando, Fla., were also charged. (The Logic, WFLA)
EU officials want Google to agree not to use Fitbit’s data to improve its search engine, and to make all data available to third parties. A full investigation will reportedly be launched next week. (Financial Times, Reuters)
Existing internet customers can get talk and text plans at no additional cost, with $45 a month for unlimited data. Shaw is opening 12 stores in the provinces to help sell the plans. (The Logic)
The amount invested is a 14.8 per cent increase from 2018 and the highest level seen in 10 years of records maintained by the National Angel Capital Organization. (The Logic)
The network, founded by former MaRS executive Lekan Olawoye, is partnering with eight big employers in Canada, including TD, Rogers and Hootsuite, to support Black workers by identifying and preventing racism in the hiring and promoting processes. (The Logic)