Patagonia founder Yvon Chouinard, along with his family, gave away control of the ~US$3 billion company to a trust and a nonprofit organization tackling environmental issues.
Adobe agreed to buy design software company Figma for US$20 billion in what will be the largest acquisition ever of a private software company if it gets approved.
Walmart has launched its Be Your Own Model tool, which uses a user’s full-body photo to simulate the dressing room experience with Walmart fashion finds.
Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TO
Join us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022
The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.
Off the rails 🚞 — Railway workers’ strike could be a runaway train. Bidding war for healthcare workers heats up.
Missing bars 🍫 — Disappearing Melona bars, BYD eyes Canadian market
Treaty settlements 💵 — Ottawa could owe $126B, New movies make millions. “Deadpool & Wolverine” reverses the movie summer slump
Tech tumbles 📉 — Technology stocks take a tumble. Bank of Canada cuts rates again.
A record setting raise 💸 — Investors dust off their chequebooks. Greenwashing needs a clearer definition.
Big ZZZs 💤 — A deal to buy Sleep Country, Airlines aren’t making money.
Potayto, potahto 🗑️ — Ford chooses pick-ups over EVs.
Waste-less 🗑️ — Home construction slows, Grocery giants tackle food waste.
Weekend getaway 🚢 — Speeding up digital payments, New cruise ship focuses on weekend energy.
Target practice 🎯 — Canada promises to hit NATO defence target, AI goals are fuelling layoffs.
Where’s my charge 🚗 — New chargers coming. Etsy pivots away from rivals in e-commerce race.
On the nose 👃 — Walmart introduces sensory-friendly hours.
No wheels 🚗 — Uber wants you to give up your ride. Canadian space tech developer lands $1 billion funding.
Bus business 🚌 — Risky bus-iness. Canada must step up to realize its green hydrogen dreams.
Temporary residents 🇨🇦 — Has Canada reached peak immigration?
Bus business 🚌 — Risky bus-iness. Canada must step up to realize its green hydrogen dreams.
Money bags 💰 — Canadian households got richer last quarter.
Peak oil 🛢️ — How to stop Chinese EVs. Stopping the Chinese EV takeover.
Banana energy 🍌 — Canada Growth Fund makes its next pick. IPO now stands for ‘I’d-rather-go Private, Okay’.
Hollywood treatment 🎥 — Amazon launches an NHL show. Regulators planning AI crackdown.
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