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Meta has struck a deal with Mark Zuckerberg to protect him from the threat of a California wealth tax targeting billionaires. The social media company behind Facebook, Instagram and WhatsApp revealed on Wednesday night that the arrangement would keep its chief executive living in California, where its headquarters are located. Under the deal, Zuckerberg will receive new shares that could be sold to potentially foot a multibillion-dollar tax bill in the event that California passes a one-off billionaire tax. In return, he is committed to remain a resident of the state, or wherever Meta maintains its base, for eight yearsCalifornians will vote early next month on Proposition 40 – a one-time 5% tax on the roughly 250 billionaires who live in the state. Zuckerberg, worth $239bn according to Forbes, told Meta he was considering moving his primary residence elsewhere because Prop 40 could expose him to a massive tax liability, potentially forcing him to sell voting shares to pay it. In response, Meta is creating a new class of non-voting shares via a two-for-one stock split for all existing shareholders.

Nfld. & LabradorEverWind, a company planning a massive data centre in Nova Scotia for artificial intelligence giant Anthropic, is in the midst of a dispute about land fees for a failed wind-powered hydrogen project in southern Newfoundland. N. L. government confirmed Tuesday it was still trying to collect outstanding feesSarah Smellie · The Canadian Press · Posted: Oct 22, 2026 4:59 AM EDT | Last Updated: 3 hours agoListen to this articleEstimated 5 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Trent Vichie, founder and CEO of Everwind, speaks during a funding announcement at Everwind Fuels in Point Tupper, N. S., on Friday, Oct. 16, 2026. (The Canadian Press/Steve Wadden)A company planning a massive data centre in Nova Scotia for artificial intelligence giant Anthropic is in the midst of a dispute about land fees for a troubled wind-powered hydrogen project in southern Newfoundland.

The Atlantic Lottery Corporation says tough economic times and what it calls “illegal” gaming operators are to blame for a drop in profits in the 2025-26 fiscal year. ALC’s profits were down nearly $5 million from the previous year. CEO Dallas McCready saying more people are turning away from traditional Video Lottery Terminals, a decline of nearly $10 million. Despite the drop, ALC saw a $492-million profit last yearMcCready says less foot traffic in bars and restaurants is partially to blame for poor VLT earnings. “The economic challenges, I talked a lot of bar and restaurant owners, and it’s not just that the video lottery play is down, the visits to their businesses are down.”“I think the economy is certainly having an impact on the video lottery business the most. And then some of that play is just shifting to the online play. We obviously get some of that, but a lot of it also goes to the illegal operators.”

Key points:Meta’s board approved a new class of non-voting Class C common stock that is to be distributed via a one-time stock dividend, functioning as a 2-for-1 stock split. Tesla cut its full-year capital expenditure guidance to about $20 billion from more than $25 billion and revised the timeline for scaling the Optimus robot. Meanwhile, tensions between the U. S. and Iran remained high, keeping oil prices elevated. U. S. stock futures declined in the overnight session late on Wednesday following results from Meta Platforms Inc. (META) and Tesla Inc. (TSLA) as earnings season kicks into full throttle this week. As of 10:39 p.m. EDT, Nasdaq-100 futures were down 1%, S&P 500 futures fell 0.49% and Dow futures slipped 0.21%. On Wednesday, the three benchmark indexes closed higher. The Nasdaq Composite led the climb, adding 278 points to end the session 1.05% higher. The Dow Jones Industrial Average and S&P 500 climbed 0.69% and 0.58%, respectively, at close.

Air Canada has reportedly removed five U. S. routes from its 2027 schedule, including its Toronto–Charleston service, as it adjusts its transborder network while adding flights to other American destinations. The affected routes are:Toronto Billy Bishop–BostonToronto Pearson–CharlestonVancouver–NashvilleVancouver–Raleigh-DurhamMontreal–SeattleThe airline confirmed the five route cuts to The Points Guy, citing “commercial reasons.”In the same statement, Air Canada said it “regularly reviews its schedule to ensure capacity is aligned with customer demand and travel patterns.”According to Simple Flying, citing Cirium schedule data, all five routes had previously been available for 2027 but were removed in the latest schedule update. Montreal–Seattle, Vancouver–Nashville and Vancouver–Raleigh-Durham had been scheduled to resume in May 2027, while Toronto Pearson–Charleston was expected to return in April. The Charleston cut removes Air Canada’s only route to the South Carolina city, which it began serving in March 2024. The other four U. S. destinations will remain accessible through Air Canada’s other Canadian gateways, Simple Flying reported.