Generic semaglutide to hit Canadian pharmacies this week at a fraction of the cost of Ozempic

TORONTO - Two generic versions of Ozempic are set to start arriving in Canadian pharmacies this week, which means patients who use the drug to treat diabetes or for weight loss may have more options for a fraction of the cost.

Health Canada approved both Dr. Reddy's and Apotex's generic semaglutide — the active ingredient in brand-name Ozempic — about three weeks ago.

Apotex is based in Canada and said it began shipping its product on Tuesday.

India-based Dr. Reddy's said in an email that its semaglutide has already arrived in "select" Canadian pharmacies and will be available more widely across the country in the coming days.

OpenAI avoided a costly court loss to Elon Musk, but neither side is unscathed

OAKLAND, Calif. (AP) — After prevailing in its court fight with Elon Musk, OpenAI — the ChatGPT maker valued at $852 billion — remains on track for what could be one of the largest initial public offerings in history.

Musk had been seeking the ouster of his fellow OpenAI co-founder, CEO Sam Altman, among other changes to the company. But with testimony from witnesses who called Altman dishonest, he’s hardly emerged unscathed.

At a time of growing concern about artificial intelligence's impacts, the landmark trial also shed new light on the flaws and outsize ambitions of the small number of billionaires steering the development of the breakthrough technology.

The trial was a reminder, said Sarah Kreps, director of Cornell University’s Tech Policy Institute, “of how much the future of AI still depends on a remarkably small group of powerful tech figures and their personal rivalries.”

A new Swatch model is introduced, and a case study in overexcited ‘drop culture’ plays out

LONDON (AP) — In Paris, police deployed tear gas. In Milan, Italy, a fistfight erupted. In London, Singapore and New York, all-night queues snaked from the doors of Swatch stores — the latest examples of status-symbol “drop culture” to flash across the globe when status symbols and resale value collide.

The company at the center of it all, Swatch, no stranger to over-the-top retail outbreaks, said it was time to chill. The Swiss watchmaker said Monday that there's no shortage of its Royal Pop pocket watch, a collaboration with Audemars Piguet's luxury timepieces.

All for a "bioceramic" timekeeper that retails for around $400 — but perhaps more to the point, resells for thousands of dollars. By Monday, the candy-colored flex objects proliferated on eBay, with one boasting: “IN HAND!!! Swatch x AP Royal Pop,” for 3,055.58 British pounds ($4,092.31) “or Best Offer.”

It was the latest eruption in a generation-long trail of consumerist frenzy — both online and in the physical world — that has touched companies from Nike to Walmart to Apple as human beings race, sometimes frantically, to keep pace with buying trends and the potential for resale.

$61-M investment in high-speed Internet planned for northern First Nations

More homes on remote Manitoba First Nations will have access to high-speed Internet that most Canadians take for granted thanks to $61 million in new federal funding.

“Your communities have been living way too long without internet,” federal Northern and Arctic Affairs Minister Rebecca Chartrand told a gathering at Wasagamack Anisininew Nation Thursday. The MP for northern Manitoba said the four projects will deliver modern, reliable internet to 2,309 households.

“This really is a public safety issue and an equity issue,” Chartrand said in the community 600 kilometres north of Winnipeg that’s accessible by air, water and winter road.

“The lack of broadband has been a public safety failure. When families can’t call for help or nurses can’t access files or lives are at risk when you’re travelling roads without phone service, without internet,” she said.

AtkinsRéalis bets on nuclear-powered AI factories amid data centre surge

MONTREAL - AtkinsRéalis Group Inc.'s nuclear business powered a 34 per cent year-over-year jump in profits last quarter, as the engineering company banks on the technology to seize on soaring demand for energy-hungry AI data centres.

The Montreal-based firm's nuclear division now accounts for a quarter of total revenue versus 15 per cent two years ago, said CEO Ian Edwards. The segment boasted organic revenue growth of nearly 37 per cent to reach a quarterly record high of $737 million.

Preliminary work is now underway at Ontario's Pickering nuclear power station after AtkinsRéalis and Aecon Group Inc. signed a $2.1-billion contract for a life extension on four reactors last year. Money is also rolling in from Romania, where the company secured a deal in 2025 to extend the life of a reactor at the Cernavoda nuclear plant — after winning a contract the year before to build two new multibillion-dollar reactors there.

Atkins' ambitions go beyond traditional nuclear plants. In March, it announced it was teaming up with Nvidia to ramp up deployment of nuclear-powered artificial intelligence factories, as the two parties explore how to work the chipmaking giant's technologies into developing the facilities.

Kinew says watchdog could enforce proposed social media ban

Premier Wab Kinew floated the possibility of using a regulator or commissioner to enforce his proposed ban on social media and artificial intelligence chatbot use for kids.

Economic growth now tops environment as priority in energy policy, poll suggests

OTTAWA - More Canadians now say economic growth should be a bigger priority in Canada's energy policy than protecting the environment, a new Angus Reid Institute report suggests.

The pollster released a report Monday indicating 61 per cent of Canadians now see economic growth as the biggest priority in energy policy. The question offered two options on the top priority shaping federal energy policy: economic growth or environmental protection.

That's a shift in public opinion since seven years ago, when the same question had 55 per cent of Canadians saying the environment should be the top priority in energy policy.

Shachi Kurl, Angus Reid Institute president, said climate change was a top issue for voters in both the 2019 and 2021 elections, but opinion research shows the sense of urgency surrounding it has been declining in recent years.

Bell CEO ‘confident’ in lofty revenue targets as it doubles down on AI data centres

Bell Canada's parent company has upped its revenue target for its growing AI business by a third as it moves forward with plans to build a cluster of data centres, while assuring it will maintain "responsible usage" of the technology.

BCE Inc. chief executive Mirko Bibic said Thursday that with the recent announcement of a 300-megawatt data centre in rural Saskatchewan, the company now expects to generate around $2 billion in revenue from its portfolio of AI-powered enterprise solutions by 2028.

That's up from its previous objective of $1.5 billion in revenue over three years.

"We're confident in that target and frankly, I see potential beyond it," Bibic told analysts on a conference call as BCE reported its first-quarter results, which included a profit attributable to common shareholders of $616 million or 66 cents per diluted share.

Discount stores drive Loblaw’s Q1 profit and sales, raises quarterly dividend

An emphasis on discount stores continues to pay off for Loblaw Cos. Ltd. as shoppers search for affordable groceries amid intensifying economic headwinds.

"The ongoing outperformance of our hard-discount banners — Maxi and No Frills — was a key driver of (the) success, reinforcing their vital role in helping Canadians manage affordability," chief executive Per Bank told financial analysts on Wednesday after the retailer reported its first-quarter results.

The earnings report noted that the discount grocery banners outperformed for the owner of Loblaws and Shoppers Drug Mart, while its drugstore business saw growth in prescription drugs, particularly in sales of GLP-1 drugs such as Ozempic.

Loblaw also raised its quarterly dividend by 10 per cent to 15.5 cents per common share.

Think Shift appoints new chief executive on ‘AI plus AI’ approach

Rejecting return-to-office mandates, using artificial intelligence and working with more clients in the United States are top priorities for the new leader of a Winnipeg marketing agency that specializes in agriculture.

Hopes rise for reuse of heritage buildings

The chairperson of a committee that advises city council on climate change issues is excited about a new report that outlines potential options for Winnipeg to reuse heritage buildings.

The city’s standing policy committee on property and development is scheduled to discuss the Promoting Adaptive Reuse and Preservation of Heritage report on Wednesday.

The 25-page document explores bylaws and rules Winnipeg could implement to promote the “adaptive reuse” of buildings — a recycling strategy that focuses on maintaining the structure or basic fabric of a building and repurposing its function.

Adaptive reuse would help the city reduce waste, protect historic places and add more housing options, according to the report.

Post-secondary students make their pitches at New Venture Championships in Winnipeg

Cieran O’Hara and Daniel Belokurov say they have the solution for getting through long days — no cups of coffee needed.

The pair of University of Manitoba business students will pitch their holistic daily supplement blend — the flagship product of their startup business Amani Health and Wellness — and faceoff against student entrepreneurs from across North America at the Stu Clark New Venture Championships from Thursday to Saturday in Winnipeg.

They’ve got what they say is a win-worthy proposition: a herbal option for busy people experiencing burnout who want relief without resorting to caffeine or medical stimulants. The capsules contain adaptogens and nootropics — found in plants such as ashwagandha, lion’s mane and reishi mushroom — purported to improve stress responses and mental clarity.

“People are coming back to nature and back to themselves, and at the end of the day, I think what’s so important is being able to improve your general health, and I think that’s why we do it,” O’Hara, 25, said Tuesday.

Ottawa outlines plans to tackle financial crime, ban crypto ATMs

OTTAWA - The federal government plans to ban cryptocurrency ATMs as part of a suite of measures in its spring economic statement targeting financial crimes.

The government says scammers use the ATMs to defraud victims, while criminals use them to convert the proceeds of crime.

There are currently just under 4,000 cryptocurrency ATMs in Canada — the most per capita in the world, finance officials speaking on background said. The document says Canadians will still be able to buy cryptocurrencies from "brick-and-mortar" businesses.

The financial update outlined other measures to tackle criminal use of businesses that provide services like currency exchanges and digital payments. They include new powers around ministerial directives, stricter rules on registration and more criminal record checks for those businesses.

Elon Musk takes stand in trial vs. Sam Altman that could reshape AI’s future

OAKLAND, Calif. (AP) — Elon Musk, the Tesla CEO, world's richest man and OpenAI cofounder, took the stand Tuesday in a high-stakes trial revolving around a bitter feud with his former friend Sam Altman that could reshape the future development of artificial intelligence.

His testimony at the Oakland, California, federal courthouse kicked off a legal drama that is expected to brim with intrigue and potentially embarrassing details about the two tech moguls. Musk filed the lawsuit against Altman and his top lieutenant, Greg Brockman, along with Microsoft over its investments in OpenAI, in 2024.

“Fundamentally, I think they’re going to try to make this lawsuit ... very complicated, but it’s actually very simple,” Musk said. “Which is that it's not OK to steal a charity.”

The nine-person jury was selected Monday and the trial is scheduled to take three weeks.

West Kildonan 7-Eleven latest to close in city; crime the issue, area councillor says

Crime is again being blamed as another Winnipeg 7-Eleven convenience store has been shut down, adding to a growing list of closures across the city.

Lots of accolades, little details in Kinew’s proposed social media ban

Premier Wab Kinew made national news headlines on the weekend when he promised to institute a ban on social media use by youth. Although Ottawa and several other provinces have promised similar efforts, the industrious Manitoba premier beat them to the punch and the accolades.

Manitoba education minister says social media ban could start in schools

WINNIPEG - Manitoba could turn to classrooms as the first place to ban children from using social media and artificial intelligence chatbots, and one young advocate is urging the province to work with those it's aiming to protect.

Tracy Schmidt, the province's education minister, says Manitobans can expect to see the ban's first phase rolled out in schools, likening it to when the government first banned cellphones in classrooms in 2024.

"This is very early days. A step like this is going to certainly take legislative and regulatory processes," Schmidt said at an unrelated event Monday.

"But I know that something we're talking about right away is how we can roll this out in schools as soon as possible."

Elon Musk and OpenAI CEO Sam Altman head to court in high-stakes showdown over AI

OAKLAND, Calif. (AP) — Technology tycoons Elon Musk and Sam Altman are poised to face off in a high-stakes trial revolving around the alleged betrayal, deceit and unbridled ambition that blurred the bickering billionaires' once-shared vision for the development of artificial intelligence.

The trial, which started Monday with jury selection, centers on the 2015 birth of ChatGPT maker OpenAI as a nonprofit startup primarily funded by Musk before evolving into a capitalistic venture now valued at $852 billion.

The trial's outcome could sway the balance of power in AI — breakthrough technology that is increasingly being feared as a potential job killer and an existential threat to humanity's survival.

Those perceived risks are among the reasons that Musk, the world's richest person, cites for filing an August 2024 lawsuit that will now be decided by a jury and U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California.

Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts

Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.

The company said it was making the cuts for the sake of efficiency and to allow new investments in parts of its business, as first reported by Bloomberg, which also said the company will leave about 6,000 jobs unfilled.

Also Thursday, Microsoft said it was offering voluntary buyouts to thousands of its U.S. employees.

The software giant plans to make the offers in early May to about 8,750 people, or 7% of its U.S. workforce, according to two people familiar with the plan who were not authorized to speak about it publicly.

Manitoba crypto companies say provincial plans would put them out of business

WINNIPEG - Manitoba's plan to charge cryptocurrency operations higher electricity rates and curtail power at peak times will drive businesses under, officials with two companies told a legislature committee.

"If this goes through, our business goes bankrupt and a lot of families will be impacted," Guildo Theriault, co-founder and chief executive officer of Gator Mining, told a committee hearing Wednesday night.

The government has introduced two bills in the legislature that are aimed at controlling the growing demand on Crown-owned Manitoba Hydro's electrical grid.

One bill would charge cryptocurrency operations and data centres up to 100 per cent higher rates for electricity. The other would allow Manitoba Hydro to temporarily reduce power to cryptocurrency operators at peak times in order to ensure stability of the grid.