Here are the five things you need to know this morning.
Non human biologics. It sounds like something I’d find in my kids’ lunch box after discovering it a week later somewhere in my car. But it is actually what a U.S. whistleblower called material recovered from UFOs. This all came to light yesterday during a session held by the U.S. House Oversight Committee. Now, these are just claims. The Pentagon has denied it. Still, the person testifying isn’t your aunt Trixie who is on her own special journey in life.
. Zuckerberg & Co delivered a beat and raise this quarter. Sales and profit came in ahead on the back of a recovery in advertising revenue paired with record high daily active users. Reels is doing well and has now reached a US$10 billion run rate business verses just US$3 billion in the fall. Meta’s forecast for sales was also above expectations. And it trimmed its expense forecast.
Cenovus reported better than expected results on the bottom line, but lowered their production forecast due to the Alberta wildfires.Agnico Eagle reported record quarterly gold production and solid cost performance in its latest quarter. Ammar Al-Joundi, president and chief executive officer of Agnico Eagle, joined the Open at 8:45 a.m. EDT to discuss earnings and growth outlook. You can find the interview on bnnbloomberg.ca.
The Fed raised interest rates to the highest point in more than 20 years. I’ll speak to David Wilcox, former director of the division of research and statistics at the U.S. Federal Reserve, at 10:15 a.m. EDT.
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