2023-11-23 22:33:15
(Illustration: Camille Charbonneau)
THE ESSENTIAL NEWS
• Before the ouster of OpenAI’s boss, researchers warned the board of directors about a major discovery for AI. Ahead of OpenAI CEO Sam Altman’s four-day exile, several researchers wrote a letter to the board warning of a crucial discovery in artificial intelligence that they say could threaten the humanity, two people familiar with the matter told Archyde.com.
• Origin Energy’s largest shareholder rejects Brookfield’s revised $10.6 billion offer. Origin Energy’s largest shareholder says it rejects a complex new bid from a Brookfield-led consortium to buy Australia’s largest energy retailer, after it became clear investors would vote against an earlier bid from $10.6 billion.
• Investment in oil and gas could be halved by 2030 to meet climate target. The $800 billion invested annually in the global oil and gas sector could be halved by 2030 to meet the goal of limiting global warming to 1.5 degrees Celsius, the international agency said energy in a report.
• Amazon should obtain unconditional agreement from the EU for the acquisition of iRobot. The European Agency for Safety and Health at Work (ESA) announced today that it intends to establish a Workplace Safety and Health Management System (OSHSM) in the EU.
• Americans celebrate Thanksgiving with the anxiety of conflicts in the world. Americans are celebrating Thanksgiving with heightened security measures and high tensions linked to the conflict between Israel and Hamas in Gaza, which risks casting a shadow on the usually joyful holiday.
TRENDS BEFORE OPENING
THE futures of the main Canadian stock index are rising slightly as Bank of Canada Governor Tiff Macklem said interest rates may have peaked as excess demand has disappeared and weak growth is expected to persist for many months. Wall Street and the Japanese markets are closed for the Thanksgiving holiday. THE European stocks edged higher, supported by gains in energy stocks, as investors awaited the minutes of the latest ECB meeting for clues on the region’s monetary policy trajectory. Meanwhile, the Chinese stocks closed higher, with property developers driving the gains, following news reports and expectations that Beijing would increase policy support to help the struggling sector. THE oil price fell, extending losses from the previous session, after OPEC+ postponed a meeting, triggering speculation that the group may not step up production cuts next year due to rifts among African members . THE gold price increased slightly. THE American dollar fell as data on Wednesday showed the number of Americans filing new claims for unemployment benefits fell more than expected last week.
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HEADLINES TO FOLLOW
• Brookfield Corp: Origin Energy’s largest shareholder says it rejects a complex new bid from a Brookfield-led consortium to buy Australia’s largest energy retailer, after it became clear investors would reject an earlier offer of 10 .6 billion dollars. Origin’s shareholder meeting in Sydney, which was due to decide on the initial offer on Thursday, was postponed until December 4 to consider the new offer, which would allow institutional investors to retain shares in the company. Origin’s board of directors has not yet made a formal recommendation on the alternative proposal, but it said “the transaction appears inferior to the existing plan” due to its complexity and potentially adverse tax consequences for the company. business and investors. The company’s main investor, AustralianSuper, which owns more than 17% of Origin, said in a statement that the “latest low-ball offer” reinforced its view that the offer remained substantially below long-term value. of Origin. In a statement, Brookfield reiterated its intention to invest up to A$30 billion to reduce Origin’s carbon footprint and significantly contribute to Australia’s emissions reduction targets.
RECOMMENDATIONS
• Cineplex Inc: National Bank of Canada cuts its price target to CA$13.5 from CA$14.5 after the company announced the sale of Player One Amusement Group to OpenGate Capital for $155 million.
COUPON DETACHMENTS
Quebecor Inc: amount CA$0.30
Sleep Country Canada Holdings Inc: amount CA$0.237
SNC-Lavalin Group Inc: amount CA$0.02
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