New unicorn 🦄 - Canada has a new billion-dollar AI company, Prada turns tourism operator.
The Peak Daily

New unicorn 🦄 - Canada has a new billion-dollar AI company, Prada turns tourism operator.

B2Upper-intermediateSeptember 29, 20268 min

Toronto-based Biossil has become Canada’s newest AI unicorn after raising US$153 million in a round led by OpenAI, betting that artificial intelligence can find new uses for drugs that failed in late-stage clinical trials — and potentially turn pharmaceutical castoffs into medical breakthroughs. Plus, luxury brands like Prada, Chanel, and Louis Vuitton are spending millions to take their wealthiest customers on exclusive trips and experiences, as a slowdown among aspirational shoppers pushes the industry to focus on the small group of buyers who account for an outsized share of sales. And in The Big Picture: Nvid...

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But actually the latest news as we are going to record on this is that Matthew Nyes has been

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  • 89% of the words are B1 or easier.
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  • 63 harder words (B2 and up) in the whole episode.

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0:00

Hey, Pete, Kyle's I'm Alex Blumenstein. I am Jay Rosenthal. And what is this, Jay? Alex, I'm glad you asked. This is your peak daily for Tuesday, September 29th, 2026, where we cover the biggest stories in Canadian and global business finance and tech all in less than 10 minutes. You know what else it is, Alex?

0:20

Yes, Jay. It's my favorite day of the year, the kickoff of the NHL season. If I might, I think I met yours. Yeah, I am pretty excited. There are four Canadian teams in action today, Edmonton, Vancouver, Montreal, and Toronto. Toronto and Montreal kicking the season off playing each other, which is always fun. Yeah, it's the best time of the year.

0:39

It's the best time of the year. And what about your Bruins? They're not playing today. David Posternock was named the captain. That's the latest news. But actually the latest news as we are going to record on this is that Matthew Nyes has been traded from the Toronto Maple Leafs. Yeah, it seems like a bit of a controversial trade.

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