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Brouhaha on Oprah at Ozempic shows technology is advancing faster than attitudes | Oprah Winfrey

The week in the patriarchy

The talk show host's acceptance of the weight-loss drug threatens to destroy our enduring association of weight and morality

You get Ozempic! You get Ozempic! Everyone gets Ozempic!

Big news in the weight loss world this week: Oprah Winfrey is leaving WeightWatchers. The talk show host has been the public face of the company for nearly a decade, but is stepping down from the board and donating all of her shares to a charity “to eliminate any perceived conflict of interest related to taking weight loss medications.”

Anti-abortion extremists in the US are waging a holy war against women | Arwa Mahdawi

There's no prize for guessing the weight loss drugs she's talking about. Almost all celebrities and wealthy women (and some men too, including Elon Musk) appear to inject GLP-1 drugs. These medications – the best known of which is the diabetes drug Ozempic – prevent hunger and can lead to dramatic weight loss. They are considered an uncomplicated way to lose weight.

Winfrey's departure from WeightWatchers isn't just a professional transition — it marks a broader cultural shift. The diet industry of old is officially dead. As GLP-1 drugs like Ozempic become more popular, the idea of ​​relying on willpower to lose weight is becoming obsolete. This also applies to society's short-lived flirtation with body positivity: thinness is dangerously in fashion again.

By the way, WeightWatchers is well aware of this. There's a reason the company has been around for six decades: it has constantly changed its positioning to reflect changing attitudes towards health and beauty. For example, in 2018, amid the wellness craze, the company changed its name to WW and updated its mission to “Wellness that Works.” Now it's moving away from wellness and towards drugs, drugs, drugs. I'm not sure why Winfrey's use of weight loss drugs is portrayed as a “conflict of interest” considering WeightWatchers has been entirely focused on GLP-1 drugs. Last year, the brand acquired a digital health company that allowed its members to receive prescriptions for weight-loss medications and grandly announced that it had become a “digital health company.”

GLP-1 drugs are booming and becoming increasingly popular. Even though they're common in celebrity circles, not everyone shouts from the rooftops about their habit. Taking the medication is associated with a certain level of reluctance because it is viewed as “cheating”, so to speak. In fact, Winfrey has previously said that she initially shied away from taking weight-loss medications because it felt like an “easy way out.”

Of course, it's silly to talk about “cheating” when it comes to losing weight. We all have different brains and bodies. Some people are naturally more inclined to be thin than others – cheat codes are embedded in their DNA. But this kind of language and the judgmental response to Winfrey's GLP-1 use shows how closely weight is tied to morality in society. It makes it clear that we associate thinness with virtue. The fact that losing weight is now something you can easily take medication for has the potential to massively disrupt this relationship.

“[This is a technology that will reorder society,” Paul Ford wrote in Wired last year in a piece about how Mounjaro (a similar drug to Ozempic) had changed his life. “I have been judged as greedy and weak since I was 10 years old – and now the sin is washed away. Baptism by injection.”

I’m not cheerleading GLP-1 drugs here, I should note. Far from it. They may be killing off one form of diet culture, but as the obsession with Winfrey’s recent weight loss shows, they’re simply ushering in another. Women are still very much judged by how much space they take up – technology is advancing a lot faster than our attitudes.

France to enshrine abortion as a constitutional right in a world-first

Abortion rights in France are currently protected by a 1975 law which, like all laws, could be revoked. Emmanuel Macron has said he wants to make women’s freedom to choose an abortion “irreversible”.

Museums without men: a project to spotlight women’s art

“Less than 4% of the artists in the [Metropolitan Museum of Art] There are women in the modern art departments, but 76% of the nudes are female,” the activist art group Guerrilla Girls noted in 2012. Even after more than ten years, the gender imbalance in museums is still clearly visible. To remedy this situation, art historian Katy Hessel has created audio guides for museums that put female artists in the spotlight.

There is probably plastic in your placenta

Scientists analyzed 62 placental tissue samples and found microplastics in every single one of them, raising concerns about the possible health effects on developing fetuses.

Gay Whales and the Deeply Strange Sea

For the first time, humpback whales were observed having sex and – somewhat surprisingly – both whales turned out to be male. This was fairly easy to spot since a whale's penis is two meters long, which, as one scientist put it, “leaves little room for debate that such behavior has a sexual component.” In the Guardian, Philip Hoare takes a broader look at the queer sea and how such “flagrant” acts also “expose many of our human assumptions about sexuality, gender and identity”.

South Carolina man found guilty of gender identity hate crime in first federal trial

Federal officials have previously prosecuted hate crimes based on gender identity, but those cases never went to trial.

Melania Trump's infamous I Really Don't Care jacket was intended as a message to Ivanka

That's according to a new book by New York Times reporter Katie Rogers, which claims Melania and Ivanka are embroiled in a bitter “internal power struggle.”

Swift's rise to world domination continues.

The week in the Pawtriarchy

I'm sure you don't need a new scientific study to learn that cats are complicated creatures – but researchers have come out with one anyway. The New York Times reports that a “new study suggests that a cat's meows and other vocalizations are highly misinterpreted and that people should consider both vocal and visual cues to figure out what's going on with their pets.” Or you could just get a dog: they're much easier to deal with.

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Brouhaha on Oprah at Ozempic shows technology is advancing faster than attitudes | Oprah Winfrey Read More »

Longueuil sentenced to more than 367000 in fines and prison

Warning: Don't let Revenu Québec lure you

While the Financial Markets Authority (AMF) goes out of its way to warn Quebecers about financial fraud via SMS and email, the Revenu Québec agency is inviting taxpayers to receive alerts via SMS or email.

To this end, Revenu Québec, whose minister responsible is Finance Minister Eric Girard, is asking Quebec taxpayers for their consent to these text messages and emails in section 10 of their 2023 income tax returns. How? By providing your telephone number and email address.

Let's be honest: it makes no sense that François Legault and his backer, Finance Minister Eric Girard, have now allowed Revenu Québec to open the door wide to fraudsters who specialize in phishing via SMS and email.

Although Revenu Québec may tell us that their text messages and emails will not be used to request personal information or notify taxpayers of payment, this will not stop clever fraudsters from attempting large-scale fraud. Phishing using the Revenu Québec logo.

Revenu Québec's decision to send notifications widely via SMS or email is all the more unwelcome given that the Canada Revenue Agency (Revenue Canada) has launched fraud alerts to warn Canadian taxpayers not to be scammed by fake text messages and e-mails -Emails to be deceived Image from Revenue Canada.

It is common for fraudsters to attempt to impersonate Revenue Canada agents in order to lure vulnerable taxpayers into personal information and money.

Revenu Québec's extensive campaign aimed at convincing us of the benefits of receiving alerts via SMS or email is all the more unacceptable given that two surveys confirm the level of concern among Quebecers about attempted financial fraud.

The scams

As part of Fraud Prevention Month, which has just begun, a new survey on Quebecers and financial fraud conducted by TD shows that 43% of Quebecers feel vulnerable and fear fraud.

This is even more alarming considering that almost three in ten Quebecers (29%) have fallen victim to financial fraud at some point in their lives.

“As fraud techniques multiply and become more sophisticated and artificial intelligence provides fraudsters with new ammunition, TD says it is worrying to note that almost half of Quebecers (46%) have taken no action to learn about fraud in the last year. “Prevention or ways to protect yourself.”

Another important revelation. Although fraud is often associated with older people, the TD survey shows that 18- to 34-year-olds are more likely to be targeted by scammers on social media.

Meanwhile, a Royal Bank (RBC) survey shows that 69% of Quebecers say fraud worries them more than ever. Additionally, 89% believe artificial intelligence (AI) will make them more vulnerable to scams. And about 77% of Quebecers believe AI will make it harder to detect phone scams.

“The RBC survey results also showed that phishing (generic email or SMS scams), spear phishing (real-looking emails or SMS scams), and voice phishing (targeted phone or voicemail scams) Scams) are still the three most common types of fraud.

What to do ?

I recommend that François Legault and his Minister Eric Girard immediately order Revenu Québec to stop this process of notifications by SMS or email, since there are numerous financial fraud attempts that poison the lives of Quebecers every day.

If Revenu Québec wishes to forward messages to us, it will do so by post or electronically via My File on its secure website.

Last point!

Warning: Don't let Revenu Québec lure you Read More »

US Dollar Collapse – Bank of America Issues Shocking 1

US Dollar “Collapse” – Bank of America Issues Shocking “$1 Trillion Every 100 Days” Warning Amid Huge Price Boom in Bitcoin, Ethereum, XRP and Crypto That Rivals Gold

Bitcoin – along with the broader Ethereum, XRP and crypto markets – has skyrocketed over the last year (with some predicting an even bigger Wall Street wave).

Subscribe now Forbes' CryptoAsset and Blockchain Advisor and “Discover Blockchain Blockbusters Poised for Gains of Over 1,000%” Ahead of Next Year’s Historic Bitcoin Halving!'

Bitcoin price has surpassed $60,000 per Bitcoin, making it a $1 trillion asset again, while the market for Ethereum, XRP and crypto combined is well over $2 trillion – which triggers a serious warning of “massive collateral damage”.

Now, as new emails reveal “astonishing” clues to the true identity of mysterious Bitcoin inventor Satoshi Nakamoto, analysts at Bank of AmericaBAC have warned that the US debt burden will rise by $1 trillion every 100 days, which will lead to an increase in the Bitcoin price.

Bitcoin's historic halving, which is expected to trigger crypto price chaos, is just around the corner! Register now for the free CryptoCodexA daily newsletter for traders, investors and those interested in crypto to keep you up to date

MORE FROM FORBESTThe 'real currency' – Elon Musk surprisingly sides with Bitcoin critic Warren Buffett amid cryptocurrency price swingsBy Billy Bambrough Dollars amid a Bitcoin price boom that is upsetting the combined Bitcoin, Ethereum, XRP and crypto market over $2 trillion.getty

“The U.S. national debt is rising by $1 trillion every 100 days,” Michael Hartnett, chief strategist at Bank of America, wrote in a note to clients seen by CNBC, adding that it was “no wonder that deals are getting closer and closer to debt reduction.” time highs, i.e. gold [at] $2077/oz [and] Bitcoin [at] $67,734.”

Hartnett predicted that the newly created spot Bitcoin exchange-traded funds (ETFs) that have taken Wall Street by storm last month are on track for a “bang year,” due in part to the collapse of the U.S -Dollars.

BlackRock's BLKBLK IBIT, the largest new spot Bitcoin ETF, surpassed $10 billion in assets under management this week, while Fidelity's FBTC has raised $6 billion since its debut in early January, surpassing Bitcoin price soared in what is known as Bitcoin’s “IPO moment.” “

Inflows into the new spot Bitcoin ETFs have suddenly increased over the past two weeks, leading to wild predictions that Bitcoin could “steal gold's crown” as the world's “primary store of value.”

The U.S. national debt has soared in recent years, surpassing $34 trillion in early 2024, as Covid-19 and lockdown stimulus measures last year sparked wild predictions that the bitcoin price would hit $1 million per bitcoin could rise.

“This isn’t going to end well,” says Genevieve Roch-Decter, a former money manager and author of the Grit Capital newsletter. Posted to X.

Sign up for CryptoCodex now– A free, daily newsletter for those interested in crypto

MORE FROM FORBES 'Free Money' – Bitcoin 'Godzilla' Price Rally Is Dwarfed by These Small Cryptocurrencies By Billy Bambrough Price drop that combined Bitcoin, Ethereum and XRP to create a crypto market worth around $2.3 trillion power.Forbes Digital Assets

JPMorgan Chief Executive Jamie Dimon has predicted that rising US debt could trigger a global “rebellion”, while Bank of America CEO Brian Monyihan called the country's mountain of debt the “most predictable crisis we have ever had”. .

In February, legendary investor Jim Rogers warned that the massive $34 trillion U.S. debt pile meant a looming recession would be “the worst in history.” [his] Lifetime” after Federal Reserve Chairman Jerome Powell primed the crypto market for a $3.3 trillion price boom.

Follow me up Twitter.

I am a journalist with extensive experience in technology, finance, business and business around the world. As founding editor of Verdict.co.uk, I have reported on how technology is changing the economy, political trends and the latest culture and lifestyles. I have covered the rise of Bitcoin and cryptocurrencies since 2012, charting its emergence from a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the Internet itself. I have worked and written for CityAM, the Financial Times and the New Statesman, among others. Follow me on Twitter @billybambrough or email me at billyATbillybambrough.com. Disclosure: I occasionally own a small amount of Bitcoin and other cryptocurrencies.

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US Dollar “Collapse” – Bank of America Issues Shocking “$1 Trillion Every 100 Days” Warning Amid Huge Price Boom in Bitcoin, Ethereum, XRP and Crypto That Rivals Gold Read More »

1709385690 Poll Quebecers39 favorite firefighters and paramedics

Poll: Quebecers' favorite firefighters and paramedics

Firefighters, paramedics, nurses: Despite often difficult working conditions, workers who directly help people still top the list of jobs most valued by Quebecers, according to a new survey.

• Also read: “We are the poor children of the emergency system,” complains a paramedic who has seen working conditions deteriorate

• Also read: Teachers' love ratings fell slightly after the strike

This year, paramedics, along with firefighters, are at the top of the barometer of professions that enjoy the most public trust, with an almost perfect score of 97%, according to the latest survey carried out exclusively by the Léger company.

“The fireman is a handsome, tall, muscular guy who is ready to help you. We have a beautiful picture of the firefighter. It’s not for nothing that the fire brigade calendar works,” laughs Jean-Marc Léger, a pollster.

Poll Quebecers39 favorite firefighters and paramedics

Good rating with 85%

Nurses, farmers, pharmacists and doctors follow closely. A total of 50 trades and professions were rated based on public trust. The results allow a comparison of the opinion of Quebecers with 2022.

“At 85%, that’s a good result,” said the pollster. Below 60% are hunger rates.”

Note: All employees at the top of the rankings have difficult working conditions in common, such as overtime, a difficult work-life balance, or stress.

“Farmers have always been valued. But who wants to be a farmer today? “These are not necessarily the most attractive jobs,” adds Mr. Léger.

• Also read: 'It's the beginning of anger': Quebec producers' net agricultural income would fall by more than 86.5% this year

Although Quebecers have difficulty accessing the healthcare network due to long delays, they trust the people who work there.

“Even if we criticize the health network very heavily, there is at the same time recognition for the quality and care,” emphasizes Marcel Fournier, a sociologist at the University of Montreal.

Politicians are lagging behind

At the bottom of the public opinion ranking we find professions that are more likely to be conflict-prone (politicians, salespeople, journalists). It should be noted that teachers (-4%) and childcare workers (-5%) have lost points in public opinion this year.

In contrast, civil servants saw a significant increase of 7%. According to Mr Léger, this is due to a catch-up process after a decline during the COVID-19 pandemic.

Methodology: The Léger survey was conducted online between February 16 and 18, 2024, among 1,001 Quebec residents. The maximum margin of error for such a sample is 3.1%, 19 out of 20.

More love for journalists

Highly criticized since the COVID-19 pandemic, journalists saw a 9% increase in trust in 2024, the largest increase among the 50 professions examined in the survey. Nevertheless, information specialists remain high in the ranking (41st place).

The Quebec Professional Association of Journalists (FPJQ) is pleased with the result, but emphasizes that the quality of the work cannot be judged on the basis of a survey alone.

“We do not deny that there is a crisis of confidence, but there are many variables that play a role and it is not only due to the work of journalists,” reacts Éric-Pierre Champagne, president of the FPJQ. There is a part of the population that no matter what we do, they will not have trust.”

“Disastrous” for priests

Priests and pastors have lost the public's trust in recent decades due to the numerous pedophilia and sexual assault scandals that have damaged them. They rose 3% this year, for a total score of 39%, but have already had the trust of more than 60% of Quebecers in the past.

“It’s still disastrous. People have more trust in their MP than in their priest. […] Their popularity is stagnating,” emphasizes Jean-Marc Léger.

A convoy that harms truckers

Truckers lost 4% of public approval this year. The “Freedom Convoy”, in which many truckers took part in 2022, is not unrelated to this result, as any protest movement damages the public image of a profession, according to the Léger company.

Surprisingly, real estate agents have lost nothing in two years, despite the real estate outbidding scandals that have hit the profession during the pandemic. Nevertheless, these professionals remain far in the ranking at number 45.

Poll: Quebecers' favorite firefighters and paramedics

Archive photo, Martin Alarie

Politicians in purgatory

MPs, ministers and mayors are again at the bottom of the job popularity scale this year, a clear sign that citizens have little trust in them. Nearly 800 Quebec mayors have resigned since being elected in 2021, the Union of Quebec Municipalities points out. Bullying and a toxic climate are often responsible for this. Hardly every second citizen (53%) trusts mayors, who play an important role in local democracy.

“You have to be a missionary to become mayor,” summarizes Mr. Léger.

We are cautious about sellers

The distrust of many consumers towards sellers is also reflected in the results of the trade barometer, as they occupy the last two places in the ranking.

Car sellers receive the worst rating with only 28% trust from the population. Is the difficulty of getting a vehicle since the pandemic to blame? The dizzying rise in car prices? Long delivery times?

What is certain is that the seller always has a financial interest in consumers, which creates a certain level of mistrust, according to the Léger company.

Would you also like to take part in surveys? Register for LEO, the Léger panel:
https://bit.ly/3raMw62

Can you share information about this story?

Write to us or call us directly at 1 800-63SCOOP.

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NYCB has been downgraded to junk by Fitch as Moody39s

NYCB has been downgraded to junk by Fitch as Moody's goes even lower

(Bloomberg) — New York Community Bancorp's credit rating was downgraded to “junk” by Fitch Ratings and Moody's Investors Service lowered its rating even further, a day after the commercial real estate lender said it had “material weaknesses” in monitoring of credit risks identified.

Most read by Bloomberg

Fitch downgraded the bank's long-term issuer default rating from BBB- to BB+, one notch below investment grade, according to a statement Friday. Moody's, which downgraded the bank to junk status last month, cut its issuer rating to B3 from Ba2.

The bank's discovery of vulnerabilities “led to a review of NYCB's controls over the adequacy of reserves, particularly with respect to its concentrated exposure to commercial real estate,” Fitch said.

Read more: NYCB highlights weaknesses in credit supervision, names new CEO

The bank's announcement Thursday that it would need to strengthen loan reviews renewed concerns among investors about the company potentially risking troubled commercial property owners, including apartment landlords in New York. The stock plunged 26% on Friday, even as the company said it did not expect control weaknesses to lead to changes in loan loss provisions.

“Moody's expects that NYCB may need to further increase its loan loss provisions over the next two years due to credit risk on its office loans,” the credit rater said in a statement. It also flagged “significant repricing risk on its multifamily loans.”

NYCB stock ended the week at $3.55, down 65% this year.

“The company has strong liquidity and a solid deposit base,” Chief Executive Alessandro DiNello, who took over this week, said in a statement Friday. “I am confident that we will execute our turnaround plan to increase shareholder value.”

The story goes on

Most read by Bloomberg Businessweek

©2024 Bloomberg LP

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1709381383 Falling prices at BMR due to the sudden drop in

BMR’s Price Reduction: Impact of Container Price Plummet

A toilet costs from $120 to $97 (-19% in two years) or even a laminate floor costs from $1.27 per square foot to 99 cents (-22% in one year). BMR has managed to reduce prices in many stores despite inflation due to the crash in container prices.

“During the pandemic, there was an abuse of maritime transport companies,” explains Alexandre Lefebvre, CEO of BMR for three years, in an interview with the Journal.

This had a direct impact on the prices of items on store shelves. For example, the prices for containers with products from China melted like snow in the sun.

“It was stratospheric. However, container prices have fallen significantly,” he adds. BMR speaks of a container whose price has increased from $33,000 to $4,000. Not to mention the prices for forest products have also fallen, notes Alexandre Lefebvre.

Falling prices at BMR due to the sudden drop in container prices

A toilet for $97.49. Provided by BMR

Falling prices at BMR due to the sudden drop in container prices

A minimum price of $0.99. Provided by BMR

Fourth in the world

As a result, BMR has been able to reduce its prices in recent months despite a sharp drop in housing starts and a decline in renovation demand, with container prices for goods imported from the other side of the world falling.

The Quebec hardware retailer also signed a key partnership with the ARENA Alliance, giving it access to better volume pricing. This buying group enables him to achieve good prices and thus remain attractive to the American giants that are struggling for help.

Falling prices at BMR due to the sudden drop in container prices

A BMR truck loaded with construction materials. Provided by BMR

“After Home Depot, Lowe's and Leroy Merlin in France, we have become the fourth largest provider of purchasing power for hardware in the world,” explains the boss of BMR proudly.

Falling prices at BMR due to the sudden drop in container prices

In 2023, Soumission Rénovation recorded a 27% decrease in average project value compared to 2022. Provided by Soumission Rénovation

Ontario Dream

In addition to efforts to reduce store prices, BMR continued its expansion in Ontario.

Today, there are about 23 locations in Doug Ford's province, mostly independent stores and some distribution centers.

Last Thursday, BMR said its net surplus fell from $41 million in 2022 to $34.5 million last year, due to a decline in housing starts, the explosion in household debt and interest rates be.

“In Quebec in particular, we saw a significant decline in housing starts. We're talking about thirty [de points de] of percentages. It's enormous. These are catastrophic numbers. It hurts,” analyzed Alexandre Lefebvre.

Can you share information about this story?

Write to us or call us directly at 1 800-63SCOOP.

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According to OpenAI Musk39s claims in the lawsuit are due

OpenAI Says Musk’s Lawsuit Claims are Because Elon Feels Sorry for Leaving

Musk co-founded OpenAI in 2015 and resigned from the board in 2018, four years after saying that AI was “potentially more dangerous than nuclear weapons.”

Musk is now suing Microsoftsupported OpenAI and CEO Sam Altman, among others, claiming they had abandoned the company's founding mission to develop artificial intelligence “for the benefit of humanity at large.”

Since releasing the ChatGPT chatbot in late 2022, OpenAI has become one of the hottest startups in the world, reportedly valued at over $80 billion. The company's complicated capped-profit structure led to Altman being briefly ousted from the board late last year, before an uproar among investors and employees led to his quick reinstatement.

Musk has long wanted recognition for his central role in the development of OpenAI and spent large portions of the lawsuit telling his version of events. His lawyers said in the lawsuit that Altman and OpenAI co-founder Greg Brockman approached Musk in 2015 and agreed to create a nonprofit lab that would develop artificial general intelligence (AGI) outside the corporate sphere.

Musk's lawyers said their client donated over $15 million to OpenAI in 2016, which was “more than any other donor” and helped the startup build a team of “top talent.” The next year, Musk donated nearly $20 million to OpenAI, which lawyers reiterated was more than other supporters. According to the lawsuit, Musk invested a total of over $44 million in OpenAI from 2016 to September 2020.

In addition, Musk rented OpenAI's first office space and “paid the monthly rental costs,” the lawsuit says. He was also “present at important company milestones.”

Kwon didn't deny Musk's central role in the early days of OpenAI, but added a few more details. For example, Kwon wrote that Musk once indicated that he needed “full initial control and majority ownership” and later proposed merging OpenAI with Tesla.

“We did not consider either approach to be the right solution for the mission,” Kwon wrote.

In the memo, Altman called Musk one of his heroes and said he missed the old version of his co-founder. But he said the company's mission remains.

Although this is the first time the dispute between the two sides has escalated into a heated legal battle, they have been at odds for some time.

Before parting ways with OpenAI, Tesla hired co-founder Andrej Karpathy as senior director of AI. Karpathy returned to OpenAI in 2023. And Musk has been outspoken against OpenAI and its Microsoft partnership in recent years, publicly declaring in November that OpenAI had deviated from its original mission.

“OpenAI should be renamed 'Super Closed Source for Maximum Profit AI' because that's exactly what it is,” Musk said on stage at the New York Times' DealBook conference. On OpenAI's transformation from an “open source foundation” to a billion-dollar, for-profit company, Musk said: “I don't know, is that legal?”

Kwon emphasized Friday that OpenAI is independent and continues to work to “ensure that AGI benefits all of humanity.”

Musk's lawyers did not immediately respond to a request for comment.

—CNBC's Lora Kolodny and Hayden Field contributed to this report

REGARD: Elon Musk's lawsuit against OpenAI and Altman began a year ago

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1709377066 In the eyes of Quebec Inc The Caisse de depot

In the eyes of Quebec Inc.: The Caisse de dépôt is investing again in BRP

In this bi-weekly column, we provide an overview of insider transactions and investments in Quebec companies.

• Also read: The Smart Investor: Four Ways to Invest in Gold

• Also read: In the eyes of Quebec Inc.: The big Metro boss pockets more than $3 million

The institute is betting on a rise in shares

The Caisse de dépôt has been very active in BRP shares over the past year. In February 2023, she sold more than $22.5 million worth of shares in the motorsports company (at a price of $120 each). Then, from September to December, the company repurchased $54.4 million worth of BRP shares, with the share price fluctuating between $99 and $81. These transactions have just been made public. Today the Caisse holds about 7% of BRP shares. The stock is currently trading at around $90.

Buyer at Innergex

In the eyes of Quebec Inc.: The Caisse de dépôt is investing again in BRP

Michel Letellier Photo LinkedIn

Four Innergex insiders have bought shares in the renewable energy producer since the end of last week. The Longueuil company's CEO, Michel Letellier, bought it for more than $105,000, while chief financial officer Jean Trudel acquired it for nearly $100,000. For his part, Marc-André Aubé, who joined Innergex's board in December, invested almost $308,000 in the company, while Richard Gagnon, another director, donated more than $25,000. Innergex shares have risen more than 15% since the company announced a 50% cut to its dividend last week, which will allow it to better fund its future projects.

Nice win for a Metro manager

In the eyes of Quebec Inc.: The Caisse de dépôt is investing again in BRP

Frédéric Legault Photo Metro

Metro information systems chief Frédéric Legault made a profit of more than $150,000 last week by exercising stock options. The retailer's stock is up about 7% year-to-date and nearly 50% over the past five years.

iA CEO buys

In the eyes of Quebec Inc.: The Caisse de dépôt is investing again in BRP

Denis Ricard Photo iA Financial Group

Denis Ricard, CEO of iA Financial Group since 2018, bought $344,000 worth of shares in the Quebec insurer this week. The stock has fallen more than 5% since the start of the year.

The Caisse is reducing its shares in Intact

In the eyes of Quebec Inc.: The Caisse de dépôt is investing again in BRP

Intact advertising campaign with Patrick Huard. Photo intact

The Caisse de dépôt said this week it would sell shares in non-life insurer Intact worth at least $525 million. The institute invested $1.5 billion in the Toronto company in 2021 to help it get its hands on divisions of British insurer RSA. Intact stock is up more than 30% since June 2021.

A power manager exercises options

In the eyes of Quebec Inc.: The Caisse de dépôt is investing again in BRP

Denis Le Vasseur Photo Power Corporation

Denis Le Vasseur, vice president and controller of Power Corporation, made a profit of just over $180,000 this week by exercising options from the Montreal conglomerate. He has been with the group since 1992.

You buy KDA

In the eyes of Quebec Inc.: The Caisse de dépôt is investing again in BRP

Marc Lemieux Photo LinkedIn

Two KDA Group executives increased their stake in the company this week. KDA's CEO, Marc Lemieux, bought nearly $38,000 worth of shares in the company, while a director, Isabelle Bégin, purchased more than $42,000 worth of shares. KDA specializes in “accelerating the digital transformation of healthcare.” The company's TSX Venture Exchange-listed stock is up more than 40% this week, up 170% year-to-date and up about 500% over the past 52 weeks.

In the eyes of Quebec Inc.: The Caisse de dépôt is investing again in BRP Read More »