Russia says it will send first diesel cargo to U.S. on Thursday

Published: October 21, 2026 at 8:29a.m. EDTBRUSSELS, Belgium -- The European Union opened an investigation into online travel agent Booking.com on Wednesday over alleged failures to tackle fake listings and phishing scams. The EU fears Booking.com has underestimated the impact of fraud and unlicensed accommodation, and is not sufficiently protecting users’ data from being misused for scams. The probe is the first into Booking.com under the Digital Services Act (DSA), a mammoth online content law that covers a wide array of platforms including social media and digital marketplaces. “Europeans should be able to book their holidays without fear of being scammed,” EU tech chief Henna Virkkunen said in a statement. The EU said it was also looking into whether the Netherlands-based firm breached rules “because it did not clearly label as ads those listings whose providers paid for a higher ranking in search results shown to users”. The DSA “sets clear responsibilities” and “we must ensure that the leading booking platform in Europe takes those responsibilities seriously”, Virkkunen added.

Published: October 21, 2026 at 8:11a.m. EDTMichelle Connell, president and owner at Portia Capital Management, joins BNN Bloomberg to discuss the markets ahead of SpaceX & Netflix earnings. Elon Musk sees “a lot of merit” in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way. That tension runs through a deal that many analysts call inevitable. Musk, a self-described ‘conflicted party,’ said the committees are yet to agree on the terms and a merger is not certain, even though Wall Street expects a deal by the end of next year. Shares of SpaceX were up 8.4 per cent, while Tesla gained 1.5 per cent in premarket trading. SpaceX and Tesla are jointly developing the Terafab chip plant, and AI now makes up more than half of SpaceX’s revenue, with another US$35 billion to $40 billion spending likely in fourth quarter to fund further expansion. Latest updates on investing here“I think a Tesla-SpaceX merger makes sense.

BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. U. S. futures are higher as Wall Street digests the latest round of earnings reports while oil prices tick higher. Futures for the S&P 500 rose 0.2 per cent on Wednesday, while those for the Nasdaq climbed 0.4 per cent. Futures for the Dow Jones Industrial Average were nearly flat. Big expectations for earnings growth have pushed the U. S. stock market to record highs despite high inflation, higher interest rates and other challenges weighing on Wall Street. S&P 500 market updates hereSpaceX’s stock jumped more than eight per cent before the market open Wednesday as the Elon Musk-led company reported a bigger quarterly profit than expected as its satellite communications and artificial intelligence businesses boomed. Musk said SpaceX and Tesla have formed “special committees” to discuss a merger of the two companies, though he played down the chances of an imminent deal.

Company NewsPublished: October 21, 2026 at 7:57a.m. EDTJohn Graham, president & CEO of CPP Investments, joins BNN Bloomberg's Lindsay Biscaia live from the Canada Investment Summit. TORONTO — The Canada Pension Plan Investment Board and OMERS have signed a deal to sell their entire stakes in Associated British Ports to IFM Investors. Financial terms of the sale were not disclosed. ABP is Britain’s largest port operator with 19 ports in England, Scotland and Wales. Latest economic news on BNNBloomberg.caCPP Investments holds a 33.9 per cent interest in ABP, while OMERS owns 30.0 per cent. IFM Investors is a global asset manager, owned by Australian pension funds and British pension fund Nest. CPP Investments and OMERS first acquired their stakes in ABP in 2015 and 2006 respectively. This report by The Canadian Press was first published Oct. 21, 2026.

Published: October 21, 2026 at 7:48a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. BMO is expanding its focus on defence as the government looks to spend more in the sector as part of its broader build Canada agenda. Darryl White, BMO Financial Group CEO, said that the lender is “responding to the signal” from Canada’s federal government amid commitments to raise defence spending. White said the bank has a long history of operating in the defence industry while serving small and large domestic firms. “We’re taking a strength of ours (and) leaning into it even more heavily than we were before,” he said. Latest updates on company news hereBMO said in a news release Wednesday that it will co-host a defence forum in Toronto with the Institute of International Finance on Thursday. The bank said it will involve bringing finance leaders from the Canadian defence industry to discuss opportunities and challenges. The announcement marks another step in BMO honing in on defence.

Published: October 21, 2026 at 7:09a.m. EDTAnthropic’s net loss widened sharply to US$80.7 billion in the first half of this year, in large part due to a rise in the fair value of bonds convertible into shares of the AI startup, according to a draft prospectus for a planned initial public offering that was reviewed by Reuters. The San Francisco-based company is expected to go public in November and some investors are now weighing a lower valuation of around $1.5 trillion following its latest financial disclosures, Reuters reported last week. Its first-half loss, widening from a loss of $13 billion a year earlier, included a $72 billion accounting charge reflecting an increase in the estimated value of bonds that could eventually convert into Anthropic shares, rather than cash costs tied to its operations, the document said. The disclosures underscore the hefty costs of the AI race even as investors give greater scrutiny to whether the vast sums being poured into chips and data centers will generate sufficient returns. Anthropic has committed to spending at least $518 billion over a decade on cloud services, computing and infrastructure.