Apple recently announced that Tim Cook, the tech giant’s longtime CEO, will step down from the role on September 1, fifteen years after he succeeded late founder Steve Jobs. John Ternus, Apple’s current Senior Vice President of Hardware Engineering will be replacing Cook. The change coincides with a slight shuffle of Apple’s board of directors (the “Board”), taking effect on the same day as Ternus’ appointment to the CEO role. While Cook will remain Apple’s executive chairman

Gilead Sciences, Inc. (“ Gilead ”), a global biopharmaceutical company, has entered into a definitive agreement to acquire Ouro Medicines (“ Ouro ”), a privately held, clinical-stage biotechnology company. Under the terms of the agreement, Gilead will purchase all outstanding equity of Ouro for US$1.675 billion in cash at closing, with the potential for up to an additional US$500 million in contingent milestone payments. Gilead has been involved in the development of innovat

The Government of Canada (the “ Government ”) has concluded its most recent national security review of TikTok, the popular short-form video platform owned by Chinese technology company ByteDance Ltd. (“ ByteDance ”). Following the review, the Government reversed its earlier decision requiring ByteDance to wind down TikTok’s business operations in Canada. Instead, TikTok will be permitted to continue operating and proceed with a planned investment, subject to a series of ne

Confined Space Robotics (“ CSR ”) has been awarded a $1.5 million contract by Seaspan Shipyards to develop and integrate abrasive blast and paint robotic systems at Seaspan’s Vancouver shipyard. Seaspan employs approximately 5,000 workers across facilities in North Vancouver and Victoria, building vessels for the Royal Canadian Navy and the Canadian Coast Guard. CSR is an Alberta-based company that rents, sells, leases and trains semiautonomous robots designed to replace hum