Sponsored by Power Nickel

Poilievre vs BCE

Conservative Leader Pierre Poilievre has launched a scathing attack on BCE Inc. (TSE: BCE), the parent company of CTV News, following a controversial news segment that aired on Sunday. The incident has sparked a heated debate about media integrity and political influence in Canada.

During a House of Commons session, Poilievre accused CTV News of running an “extremely dishonest” and “fraudulent” item that misrepresented his words through selective editing. The news clip in question gave the impression that Poilievre was introducing a non-confidence motion to challenge the Liberal government’s dental care program, when in fact, he had been discussing a “carbon tax election.”

You can read more on the matter here.

What’s going on?

• The Hidden Costs of America’s Sports Betting Boom (theDeepDive)

• Sam Altman-backed nuclear startup Oklo to start site work for Idaho microreactor (CNBC)

• DOJ Sues Visa, Alleging Monopoly Over U.S. Debit Card Industry (theDeepDive)

• Rising number of Canadians support major health care reform, survey finds (Globe)

• China-Linked Hackers Breach U.S. Internet Providers in New ‘Salt Typhoon’ Cyberattack (WSJ)

• Canada Eyes Ban on Chinese, Russian Car Tech, Following US Lead (theDeepDive)

• FTC announces crackdown on deceptive AI claims and schemes (Reuters)

• Military Demand Drives Antimony Prices: Hertz Energy’s Strategic Position (theDeepDive)

• FBI probes whether Silicon Valley venture firm passed secrets to China (FT)

• Canada Invests $60 Million in Critical Minerals for Northern British Columbia and Yukon (theDeepDive)

• Airlines around the world suspend flights as Middle East tensions rise (Globe)

• Is Elon Musk Driving Users—and Not Just Advertisers—Away from X? (theDeepDive)

• Surging AI demand could cause the world’s next chip shortage, research says (CNBC)

What’s the latest?

• Population: Statistics Canada says the population of the country reached an estimated 41,288,599 on July 1. The agency says the total means 250,229 people were added in the second quarter of the year for a growth of 0.6 per cent. The growth rate was slower than the same quarter of 2023 which saw a 0.8 per cent increase and the 0.7 per cent increase in the second quarter of 2022.

• Google vs Microsoft: Google has ramped up a legal squabble with Microsoft Corp. over the lucrative cloud market, accusing the US software giant of abusing its market dominance in a formal complaint to the European Union’s antitrust watchdog. The Alphabet Inc. unit alleged that Microsoft’s licensing terms for Azure cloud services restricts customers accessing rival platforms, including Google Cloud and Amazon Web Services.

• Immigration Plan: An estimated 250,000 people were added in the three months to July 1, representing a quarterly growth rate of 0.6%, Statistics Canada reported. It marks the first time since 2020 that quarterly growth was slower than the same period a year earlier.

• AI: A surge in demand for artificial intelligence-focused semiconductors and AI-enabled smartphones and laptops could lead to the next global chip shortage, according to Bain & Company. The last major semiconductor shortage happened during the Covid-19 pandemic amid supply chain disruption and a rise in demand for consumer electronics as people were forced to stay at home.

• NASA: NASA said on Tuesday the launch of its Crew-9 mission with SpaceX has been pushed back to Sept. 28 due to Tropical Storm Helene.

  SpaceX's upcoming Crew Dragon mission, a routine flight called Crew-9, is expected to send one NASA astronaut and a Russian cosmonaut to the International Space Station.

Giant Mining's Majuba Hill

The stock market and stuff

• Novo Nordisk’s diabetes drug Ozempic may lower the risk of opioid overdoses, study says (CNBC)

• NVIDIA Director Offloads $235M Worth of Shares (theDeepDive)

• GM and Ford Fall as Morgan Stanley Warns Good Times Have Passed (Bloomberg)

• Bankman-Fried’s Ex-Girlfriend Caroline Ellison Sentenced to Two Years in Prison (theDeepDive)

In the juniors

• Cineplex to Appeal $38.9M Fine for ‘Deceptive’ Online Booking Fee (theDeepDive)

• Seabridge Gold Obtains License Extension For Mitchell Treaty Tunnels At KSM (theDeepDive)

• Giant Mining Uncovers 22.6 Meters of 2.6% Copper at Majuba Hill (theDeepDive)

FULL DISCLOSURE: Power Nickel is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Power Nickel. The author has been compensated to cover Power Nickel on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.