National Business

Sony Pictures Entertainment is getting into the exhibition business.

SAN FRANCISCO (AP) — Elon Musk has dropped his lawsuit against OpenAI just ahead of a scheduled Wednesday hearing on the case.

TORONTO — ADW Capital Management LLC has sent a letter to the board and management of GFL Environmental Inc. calling on the company to undertake a strategic review process. The U.S.

The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine.

As Canada aims to build homes faster, both the public and private sectors will need to boost spending on municipal infrastructure, a new report from the Canadian Urban Institute says.

MONTREAL — Quebecor Inc. says it has filed a complaint with the Competition Bureau regarding an agreement between Loblaw and wireless carriers Bell and Rogers, through their joint venture Glentel.

BRUSSELS (AP) — The European Union moved Wednesday to hike tariffs on Chinese electric vehicles , escalating a trade dispute over Beijing's subsidies for the exports that Brussels worries is hurting domestic automakers .

NEW YORK (AP) — Joey “Jaws” Chestnut, the reigning champion of the Nathan’s Famous Fourth of July hot dog eating contest, will not participate in this year's event after signing a deal with a rival brand, organizers said Tuesday.

CALGARY — An energy company says a First Nations blockade and standoff that kept it from using an oil lease road has been resolved. Calgary-based Obsidian Energy says it has reached an agreement in principle with the Woodland Cree First Nation.

MONTREAL — Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.