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B.C. company expands antibody research, production facilities for second time

Published Tue, 25 Feb 2025 11:57:43 GMT

VANCOUVER — A Vancouver-based company that helped develop the first antibody therapy treatment for COVID-19 is expanding its research and development capacity as it continues to pursue world-leading new medicines, says Innovation Minister Francois-Philippe Champagne.AbCellera Biologics announced a $701-million federal and British Columbia-backed infrastructure project Wednesday that will increase the overall scope of a manufacturing plant, which has been in the works since 2020, to facilitate clinical trials and help deliver antibody medicines to patients.The federal government gave AbCellera $176 million toward the manufacturing plant and announced another $225 million Wednesday for the research and clinical trial projects, Champagne told a news conference at AbCellera’s headquarters.The B.C. government is providing $75 million. “We’re building a global champion,” Champagne said. “I think (of) this morning as one of the historic moments where we build ...

Chinese hackers targeted U.S. infrastructure, warn Five Eyes, including Canada

Published Tue, 25 Feb 2025 11:57:43 GMT

WASHINGTON — The Canadian Centre for Cyber Security is warning about evidence that Chinese hackers have been targeting critical infrastructure networks in the U.S. The alert issued earlier today is part of a broader, co-ordinated effort by the Five Eyes countries — Canada, the U.S., the U.K., New Zealand and Australia — to raise awareness of the threat. The U.S. National Security Agency says it has identified “indicators of compromise” linked to a state-sponsored cyber actor from China. The NSA says it’s an especially sophisticated breach that uses existing network administration tools to cover its tracks, known as a “living off the land” technique. Today’s alert also includes detailed instructions for “network defenders” on how to find evidence of a breach.  Canadian officials say there have been no reports of any systems inside Canada being targeted.“The Canadian Centre for Cyber Security joins its international partners in sha...

S&P/TSX composite down more than 200 points, U.S. stock markets also lower

Published Tue, 25 Feb 2025 11:57:43 GMT

TORONTO — Canada’s main stock index was down more than 200 points Wednesday, with financials, metals and industrials leading the decline, while U.S. stock markets also retreated.The S&P/TSX composite index was down 218.32 points at 19,927.69.In New York, the Dow Jones industrial average was down 255.59 points at 32,799.92.The S&P 500 index was down 30.34 points at 4,115.24, while the Nasdaq composite was down 76.08 points at 12,484.16.The Canadian dollar traded for 73.63 cents UScompared with 74.05 cents US on Tuesday.The July crude contract was up US$1.43 at US$74.34 per barrel and the July natural gas contract was up eight cents at US$2.57 per mmBTU.The June gold contract was down US$9.90 at US$1,964.60 an ounce and the July copper contract was down nine cents at US$3.56 a pound.This report by The Canadian Press was first published May 24, 2023.Companies in this story: (TSX:GSPTSE, TSX:CADUSD=X)The Canadian Press

Stock market today: Wall Street sinks as stocks tumble worldwide

Published Tue, 25 Feb 2025 11:57:43 GMT

NEW YORK (AP) — Wall Street fell again Wednesday as stocks tumbled worldwide on worries about the economy.The S&P 500 dropped 0.7% after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially disastrous default on the U.S. government’s debt. The main U.S. stock index is on track for its worst week in more than two months as the once-unthinkable creeps closer to possibility. The Dow Jones Industrial Average dropped 255 points, or 0.8%, while the Nasdaq composite lost 0.6%.Other markets around the world fell even more as discouraging figures piled up on the economy. Stock indexes tumbled 1.7% in London, 1.9% in Frankfurt and 1.6% in Hong Kong.Inflation in the United Kingdom remains worse than expected, raising worries that the Bank of England may keep hiking interest rates and squeezing its economy. In Germany, business confidence fell in Europe’s largest economy. And in China, worries remain about a weaker-th...

AI guru Yoshua Bengio says regulation too slow, warns of ‘existential’ threats

Published Tue, 25 Feb 2025 11:57:43 GMT

MONTREAL — Artificial intelligence pioneer Yoshua Bengio says regulation in Canada is on the right path, but progress is far too sluggish.Speaking in Montreal, the Université de Montréal professor said he backed a bill tabled in the House of Commons last June that adopts a more general, principles-based approach to AI guardrails and leaves details to a later date.However, Ottawa has said the act known as Bill C-27 will come into force no sooner than 2025.“That’s way too slow,” Bengio told reporters Wednesday. “There are simple things that could happen that don’t need two years to be figured out.”He is calling on the federal government to begin rolling out rules immediately against certain threats, such as “counterfeiting humans” using AI-driven bots.“The users need to know that they’re talking to a machine or a human. Accounts on social media and so on need to be regulated so we know who’s behind the account — and it ...

Jets work out punter Matt Araiza after San Diego State investigation found no wrongdoing

Published Tue, 25 Feb 2025 11:57:43 GMT

FLORHAM PARK, N.J. (AP) — The New York Jets hosted punter Matt Araiza for a workout at the team’s facility Wednesday, six days after a San Diego State investigation found no wrongdoing by him in an alleged gang rape at an off-campus party in October 2021.Joe Linta, Araiza’s agent, confirmed the punter’s visit with the Jets during an interview on WFAN Sports Radio in New York.ESPN first reported what is believed to be Araiza’s first workout for an NFL team since he was released by Buffalo last August.The session with the Jets could prompt other teams to bring in Araiza, who has maintained his innocence on the allegations.The workout with New York didn’t necessarily mean a signing was imminent. The Jets already have an established punter on the roster after signing veteran Thomas Morstead to a $1.3 million contract that includes $1.1 million in guarantees.The San Diego District Attorney decided late last year to not press criminal charges against Araiza, ...

North Carolina Senate makes changes to House measure legalizing sports gambling

Published Tue, 25 Feb 2025 11:57:43 GMT

RALEIGH, N.C. (AP) — Legislation to authorize and regulate sports gambling in North Carolina that passed the House earlier this spring has been altered by the Senate by making it easier for any adult to bet in person and adding horse racing to betting options. The measure that cleared the Senate’s commerce committee on Wednesday also would increase the tax rate on the revenues that the legalized sports books would generate.These and other Senate changes could place obstacles between their House counterparts toward hammering out a final bill before this year’s primary General Assembly work session ends, probably in early summer. Democratic Gov. Roy Cooper also supports sports wagering legislation.The chief sponsor of the House measure declined to comment after the committee vote on the changes. The Senate version must still go through two committees and floor votes.“I’ll wait to see what their final product is,” GOP Rep. Jason Saine of Lincoln County said in a text ...

Pritzker announces 2024 state budget agreement

Published Tue, 25 Feb 2025 11:57:43 GMT

SPRINGFIELD, Ill. -- Illinois Gov. JB Pritzker announced state lawmakers have agreed Wednesday afternoon on a 2024 budget.You can watch the entire press conference live in the video player above. Pritzker announces unit of over 30 ‘peacekeepers’ to provide crisis support in Chicago The President of the Illinois Senate Don Harmon (D) and the Speaker of the Illinois House of Representatives Emanuel Welch (D) joined Gov. Pritzker during Wednesday's press conference.

Police: Suburban man charged with sexual assault of 8, 9-year-old daughters

Published Tue, 25 Feb 2025 11:57:43 GMT

DES PLAINES, Ill. — A man from Forest Park has been charged after he allegedly sexually assaulted his 8-year-old and 9-year-old daughters in 2022, according to the Des Plaines Police Department.Anthony J. Meza, 32.Anthony J. Meza, 32, was charged with two felony counts of Predatory Criminal Sexual Assault and two felony counts of Aggravated Criminal Sexual Abuse. Police said the incidents tied to the charges happened between March and September of 2022 when Meza victimized his then 8-year-old and 9-year-old daughters. Wisconsin Republicans join push to outlaw child sex dolls Des Plaines police also said the incidents happened at the victims' grandparents' house in the 2000 block of Craig Drive in Des Plaines.No other information is available at this time.

Wisconsin Republicans join push to outlaw child sex dolls

Published Tue, 25 Feb 2025 11:57:43 GMT

MADISON, Wis. (AP) — Wisconsin Republicans have joined a national push to outlaw child sex dolls, releasing a proposal Monday that would make possessing one a felony.Some groups say the dolls help protect children by providing those attracted to children another outlet. Others find the dolls abhorrent.Some dolls can be constructed to resemble specific children. For example, a Florida mother in 2020 discovered photos of a child sex doll being sold online that exactly resembled her 8-year-old daughter, according to the Child Rescue Coalition, a nonprofit organization that works to protect children from sexual exploitation. Wisconsin bill creates felony for sexual misconduct in schools A number of states have passed laws outlawing child sex dolls since 2019, including Florida, Tennessee, South Dakota and Hawaii. Arizona Gov. Katie Hobbs signed a bill Friday outlawing the dolls in her state. Republican legislation banning them nationwide — dubbed the Creeper Act — has been floating ar...