Good morning, Happy Victoria Day, we hope you are enjoying your long weekend to the fullest. We didn’t want you miss out on what’s happening in the world of business and tech, so let’s go through it quickly.

• Canada is considering tariffs on Chinese EVs.

• Canadian intelligence agency’s warning on the use of TikTok.

• Banks lose control over crypto.

• ChatGPT released a new tools to make data analysis easy.

• Boeing conspiracy.

• Elon Musk’s Neuralink opened applications for second participant.

Let’s get into it.

TRANSPORTATION 

🚗 Canada is considering tariffs on Chinese EVs

“We’re working in sync with the United States of America” - Francois-Philippe (Innovation, Science and Industry Minister)

Last week, US announced they are imposing 100% tariffs on Chinese EV imports. So Canada is considering doing the same.

The details:

• US imposed heavy tariffs on Chinese EVs to keep them out of the US market.

• Canada is following up on that and doing the same to completely shut them out of the North America market.

• Canadian government is also heavy pushing on the development of EVs. Recently announcing the construction of new $1.6B EV plant in Port Colborne, ON in partnership with Asahi Kasei Corp.

The full picture: As the EV market grows, US and Canada are trying to protect their auto industry and making it difficult for outside players to enter the North American market. The objective of these tariffs is to protect the domestic production of EVs by stopping the (cheaper $$) Chinese products from entering the market. China is pushing back, claiming these tariffs are violating the international trade rules.

SOCIAL MEDIA

⚠️ Canadian intelligence agency’s warning on TikTok use

US vs TikTok is turning into a tag team contest as Canada joins the US to raise concerns over the use of TikTok in Canada,.

What’s happening:
Last week TikTok sued US goverment on the banning of the app, arguing that the law is unconstitutional.

Head of Canada’s intelligence agency recently warned Canadians on the use of TikTok because “user data is available to the government of China”.

Tiktok’s stance:
A company spokesperson Danielle Morgan told The Verge “These assertions are unsupported by evidence, and the fact is that TikTok has never shared Canadian user data with the Chinese government, nor would we if asked,”.

CRYPTO

🤑 No Bitcoin for banks

US senate voted to overturn SEC rule preventing highly regulated financial firms from holding Bitcoin and other crypto currencies.

Why is this a big deal?
Crypto industry and SEC has been in a love and hate relationship with continuous lawsuits and legal battles. Two year ago, SEC was successful in passing a rule that would allow financial firms to hold cryptocurrencies.

However, last week the crypto industry celebrated a big win by overturning this rule. But the jobs not done yet, because this bill will be facing its final test on the desk of US President.

AI

📊 Data analysis on easy mode

OpenAI released a new ChatGPT tool: Interactive tables and charts. Users can directly add files from Google Drive and Microsoft OneDrive into ChatGPT and interact with the data by asking questions related to the data.

Some key features:

• Generate charts, graphs and pivot tables.

• Organize data based on your specific preferences.

• Download customizable charts for presentations.

• 🛩️ Boeing manager, John Barnet who raised safety concerns for Boeing was found dead, police said its a suicide case.

• 🧠 Elon Musk’s Neuralink is accepting applications for the second participant for their Telepath cybernetic brain implant.

GAMES

Start off your day smarter by completing crossword of the day: Click here to play

FEEDBACK

If you have any specific feedback or anything interesting you’d like to share please let us know by replying to this email.