The Peak Daily

The International Bureau of Weights and Measures (BIPM)-the group that quite literally decides what time it is-voted to [abolish the leap second](https://www.nytimes.com/2022/11/19/science/time-leap-second-bipm.html#:~:text=It was devised as a,allow Earth to catch up.).

On December 1, a new law comes into effect guaranteeing ten paid sick days a year for employees in federally-regulated industries like banking, telecoms, and air transport.

Several major biotech players are moving fast to develop obesity drugs to snag their share of a market that analysts say could be worth US$50B annually by 2030.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

If you log onto Twitter these days, the vibe is akin to what we imagine being on the deck of the Titanic was like, you know, riiiight after it hit the iceberg.

Qatar spent ~US$300 billion (roughly 6.8 Twitters) on World Cup 2022, making it the most expensive FIFA contest ever.

A disastrous presale of tickets for Taylor Swift’s upcoming tour has landed Ticketmaster (and its parent company Live Nation) in hot water with an army of Swifties—and (only a slightly more powerful force) the US Justice Department.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

According to a guy that’s seen the darkest side of the corporate world, the fallen crypto exchange FTX is the worst of it all.

Last month Indonesia floated the idea of a so-called “OPEC for nickel”. Now, it’s shopping around for partners to make this cockamamie dream a reality. At the top of its list? Canada.

You probably know that it rains a lot in Vancouver. What you might not know is that Canada’s grain supply chain essentially comes to a screeching halt every time the skies open up there.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Is it the beginning of the end of Canada’s real estate downturn? RBC thinks so.

Cult-favourite note-taking platform Notion launched a private alpha test for its newest product, Notion AI, which can generate written content with a single prompt.

Canada is ill-equipped to detect ships in its Arctic waters, and the country’s Auditor-General is pointing fingers at the federal government for not doing enough to address the problem.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

The Bank of Canada (BoC) is on track to give “monetary tightening” a whole new meaning by losing between $5 billion and $6 billion over the next few years.

As Black Friday rears its head, the world’s largest retailer is showing signs that the doom and gloom facing the retail sector this year may have been (at least a little) overhyped.

A former researcher who worked in its electric batteries unit at Hydro-Quebec has been accused of collecting trade secrets and passing them on to China.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

More Canadians than ever want to get behind the wheel of an electric vehicle (EV), but most won’t be able to plant their butt in a driver’s seat anytime soon.

Still have some spare CERB money kicking around? Why not bring together your closest billionaire friends and buy a professional hockey team?

Not long after warning of a slowdown around what is usually a busy holiday season, Amazon has become the latest company to cut jobs to brace for a potential economic downturn.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

After becoming the first company to lose US$1 trillion in market value (yes, ever), Amazon is taking a long, hard look at its business, because something ain’t right.

Elon Musk held his first meeting as the company's CEO, fielding questions from staffers and dropping several off-side comments, like saying “there’s a good chance” Twitter will not survive the economic downturn.

• After scrambling to drum up money to fix a cash shortfall of US$8 billion, FTX filed for what will be the biggest US bankruptcy this year.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Cost-cutting is the name of the corporate game these days, and WeWork is no exception.

Just a few months ago, text-to-image AI seemed like super-futuristic tech reserved solely for hardcore researchers. Now, it’s available for free on one of the most popular design apps.

In the wee hours of Thursday morning, NASA launched JPSS-2—its newest satellite, which joins a global observation system analyzing the Earth’s weather patterns.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Keurig Dr. Pepper invested US$50 million for a minority stake in Athletic Brewing, a leader in the booming non-alcoholic craft beer market.

Picture this: The reality TV show “Love is Blind,” but for your personal dating life.

The Big Tech carnage continued as Meta laid off 13% of its workforce (~11,000 workers), in the largest staff reduction in the tech industry this year.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.

Live from The Peak’s Bet on Canada Summit in Toronto!

Retirees used to spend their time sunning in Florida. These days, they’re going back to work.

The federal government will dish out money to fix provincial healthcare—hooray!

And just like that, one of the world’s most valuable cryptocurrency exchanges has fallen.

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The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.