Gilead Sciences, Inc. (“ Gilead ”), a global biopharmaceutical company, has entered into a definitive agreement to acquire Ouro Medicines (“ Ouro ”), a privately held, clinical-stage biotechnology company. Under the terms of the agreement, Gilead will purchase all outstanding equity of Ouro for US$1.675 billion in cash at closing, with the potential for up to an additional US$500 million in contingent milestone payments. Gilead has been involved in the development of innovat

The Government of Canada (the “ Government ”) has concluded its most recent national security review of TikTok, the popular short-form video platform owned by Chinese technology company ByteDance Ltd.  (“ ByteDance ”). Following the review, the Government reversed its earlier decision requiring ByteDance to wind down TikTok’s business operations in Canada. Instead, TikTok will be permitted to continue operating and proceed with a planned investment, subject to a series of ne

Confined Space Robotics (“ CSR ”) has been awarded a $1.5 million contract by Seaspan Shipyards  to develop and integrate abrasive blast and paint robotic systems at Seaspan’s Vancouver shipyard. Seaspan employs approximately 5,000 workers across facilities in North Vancouver and Victoria, building vessels for the Royal Canadian Navy and the Canadian Coast Guard. CSR is an Alberta-based company that rents, sells, leases and trains semiautonomous robots designed to replace hum

OpenAI has announced a deal with the United States Department of Defense (the “ DoD ”) that will allow the United States military to deploy advanced artificial intelligence systems within classified environments. The arrangement follows the recent breakdown in relations between Anthropic and the US government, which resulted in Anthropic being designated  a “Supply-Chain Risk to National Security”, and federal agencies being directed to discontinue all use of Anthropic tech