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.
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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.
Soccer domination ⚽️ — The cruise business is back. Private nursing is booming. Saudi Arabia’s plan for world soccer domination.
Declining wine 🍷 — El Niño could mean higher food prices. Fine wine’s value takes a hit. The race is on to make flying cleaner.
Barbenheimer 👚 — It’s a Barbenheimer world. Google showcases its new robo-reporter. FBI of the North
New tax now  🤑 — Canada wants its new tax now. Bosses want to boss from home. Alberta’s open for business.
Open door 🇨🇦 — Meta opens up its AI. Inflation rate falls to 2.8%. Canada wants US tech workers. Meta just took a big swing to prevent itself from becoming an AI also-ran.
More fires 🔥 — Millions across North America under air quality advisory. Little relief for big global debt. Nike cuts ties with Hockey Canada.
Private jets 🛩️ — The new 9-to-5 may be here to stay. Private is the only way to go (if you’re a CEO). Canada and Australia are two peas in a pod.
Strike over 🪧 — Port strike coming to an end. Blame the Hollywood strike on AI. Canadian car costs are soaring.
Bank for sale 🏦 — What’s next after the latest rate hike. Laurentian throws up the “For Sale” sign. Canadian watchdog launches probe into Nike.
Hiking season 🥾 — To hike or not to hike? The atmosphere is getting too crowded. New epoch just dropped.
Fire money 🔥 — Postmedia and Nordstar call things off. The US shatters Ukraine’s NATO dreams. The economic cost of wildfires piles up
Cannonball 🏊‍♀️ — Mercedes joins Tesla charging network. Vision Pro arriving next year—if you don’t mind Apple scanning your face. Canada’s lifeguard industry needs saving.
Emoji law 👍 — Stellantis stalemate comes to a close. Threads takes off. Emoji law.
Twister 🌪️ — Meta launches a Twitter rival. Tornadoes put Canada in the spin cycle. CEOs are putting in the work.
Twister 🌪️ — Meta launches a Twitter rival. Tornadoes put Canada in the spin cycle. CEOs are putting in the work.
Port strike ⛴️ — BC port strike enters fourth day. Wanted: Construction workers. The low-down on Canada’s new clean fuel rules.
No more news 📰 — Google bans the news. Cyberattacks come with a high price. It’s all about AI at Collision.
Crypto comeback 🪙 — FTX is plotting a comeback. Job ads show a wage growth slowdown. Meta rolls out new social media safeguards
Collision conference 👩‍💻 — Inflation slows, but still has a way to go. Collision conference arrives in Canada. Canada’s grocery sector needs more competition.
Expensive roofs 🏠 — Construction costs are sky-high. You’re telling me a robot made these drugs? Adidas wins patent fight with Nike… this time.
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