The automaker said it will double the coverage area for its advanced driver assistance in the U.S. and Canada. The Canadian coverage will reportedly triple from 24,000 km of compatible roadways to about 80,000 km by later this year. (The Logic, Driving.ca)
The move to halt payment services for TrafficJunky, the advertising portal owned by the Montreal-founded, Luxembourg-based pornography company MindGeek, comes after a U.S. District Court ruled Visa was potentially liable for child sexual abuse material on MindGeek-owned Pornhub. (The Logic)
U.S. pharmaceutical giant Eli Lilly said it will sell bebtelovimab to states, hospitals and other healthcare providers starting this month, as the federal government’s supply has nearly run out. (The Wall Street Journal)
Shares of the cryptocurrency exchange rose as much as 40 per cent after announcing it will provide BlackRock’s clients with crypto trading and custody capabilities. (The Logic)
The Canadian media conglomerate reported a loss of US$0.24 a share, down from a profit of US$2.15 a share in the same period last year. The company said the loss was driven by “a significant reduction in the value of the company’s investment in London Stock Exchange Group.” Total revenue, meanwhile, increased five per cent to US$1.6 billion. (The Logic)
The telecom giant reported operating revenue of $5.86 billion in its last quarter, a 2.9 per cent increase from the prior year, but net earnings dipped 10.9 per cent to $654 million. The company blames losses on investments, higher depreciation and amortization expenses, and other miscellaneous costs. (The Logic)
The Winnipeg-based bus-maker said its net loss amounted to US$0.74 per share. Revenue was down 32 per cent from the same time last year, dropping from US$583 million to US$398 million. NFI shares closed up almost nine per cent Wednesday on the Toronto Stock Exchange. (The Logic)
The Toronto-based accounting software maker also has the option to borrow an additional US$25 million. The facility includes the roll over of US$50 million that BMO agreed to lend FreshBooks in August 2021, when it raised a US$80.75-million Series E round at a US$1-billion-plus valuation. (The Logic)
The Solana Foundation, which helps promote the use of the network, told the Financial Times the hack appeared to have been caused by a bug “in software used by several wallets popular among Solana users.” (Financial Times)
The preeminent Silicon Valley program responsible for incubating firms like Coinbase, Faire and Instacart is downsizing its summer cohort to 250 companies after graduating a record 414 in the winter term. (The Information)