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TikTok ban bill gets a shot in the arm

The TikTok bill is moving along with a tried-and-true strategy in U.S. politics: group a contentious bill with a bunch of unrelated stuff that’s more likely to pass. 

What happened: Tonight, the U.S. House of Representatives is expected to take another run at a bill that would force TikTok’s Chinese parent company, ByteDance, to divest the app or face a ban. 

Dan Skilleter on wealth inequality in Canada

 On this week’s episode of Free Lunch by The Peak, we sat down with Dan Skilleter from Social Capital Partners to talk about why Canada isn't that much more equal than the U.S.  

What to do this weekend

Swiss neutrality faces new tests

Switzerland is famous for keeping its nose out of the business of other countries, but some citizens are worried it’s starting to pick sides. 

What happened: Swiss parliament voted against joining an international task force to enforce sanctions against Russia. The decision comes as lawmakers and citizens grapple with what it means to be a neutral country in an increasingly tense Europe.

Meta’s new AI is about to be everywhere

Don’t get distracted by Mark Zuckerberg’s new look — Meta’s AI news is worth paying attention to.

Explain It Like I'm Five: Bitcoin halving

Halving is when the amount of bitcoin awarded for mining is cut in half. Mining is a metaphor for how bitcoin goes into circulation — put simply, computers run formulas to verify the code that keeps bitcoin transactions secure, and get shiny new bitcoin as a reward for their work. The reward is currently 6.25 bitcoin and will be cut to 3.125.

Hey, what’s going on at LinkedIn?

It’s easy to mock LinkedIn for its “hustle culture” posts and toxic corporate positivity, but that’s exactly what’s making the company a lot of money. 

CEO looks to take 23andMe private

The DNA test kit that once made Oprah’s list of favourite things (alongside sheepskin slippers and pre-made chicken pies) has fallen on tough times.

What happened: 23andMe CEO Anne Wojcicki is planning to take the company private following a disastrous three years, during which its valuation crashed ~98%. The company’s stock has fallen so far that it has been on the verge of being delisted from the Nasdaq. 

NHL scores a record-breaking year

The only thing more impressive than the players' soon-to-be-grown playoff beards is the total at the bottom of the NHL balance sheet this year. 

Driving the news: The NHL playoffs are kicking off this weekend, but the league is already set to walk away as the real winner — though it won’t be hoisting a silver cup — after raking in a record US$6.2 billion this season thanks to a number of lucrative sponsorship deals.   

Canada has mob ties and a money laundering problem

*Spoken in the worst Tony Soprano impersonation you’ve ever heard* You think La Casa Nostra don’t have a piece of da pie in da Great White North? Ayyy, fuhgeddaboudit! 

Driving the news: A faction of the infamous 'Ndrangheta Italian mafia allegedly laundered money through TD and RBC branches in Ontario after a suspected leader made connections with bank employees, according to reporting by the Toronto Star and other media outlets.
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