The Peak Daily

Ford is trying to get back in the EV race with the Fathom, a US$28,350 electric truck meant to win over pickup buyers and compete with low-cost Chinese automakers after the company abandoned its electric F-150 and took a massive EV writeoff. Plus, scientists have used an AI model to create novel bacteriophages that don’t exist in nature, a breakthrough that could transform vaccine testing and phage therapy while raising serious biosecurity concerns.

And in The Big Picture: Carney rejects sector-specific U.S. trade deals, Iran and Oman near an agreement to reopen the Strait of Hormuz, WestJet’s cabin crew union releases details of its tentative deal, Peloton posts its first annual profit, Apollo buys EasyJet, and Anthropic partners with Millennium on an AI risk analyst.

The Peak Daily is produced in partnership with reframevid.com

What is The Peak Daily?

Fast Canadian business news. Get up-to-speed quick with a fun and smart breakdown of the three biggest Canadian and global business stories in less than 10 minutes.