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    • Musk sells US$8.5B in Tesla stock as he readies to buy Twitter

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    In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase.

    Musk reported the sale of 9.6 million shares in filings with the Securities and Exchange Commission on Thursday and Friday. The trades were made at prices ranging from $822.68 to $999.13 a share.

    The world's richest man, who is the CEO of Tesla, tweeted Thursday night that he doesn't plan any further sales of the company's shares.

    Kevin Kaiser, a finance professor at the Wharton School at the University of Pennsylvania, said Musk's share sale means it is more likely that the Twitter deal will close because it indicates Musk intends to come up with the money.

    San Francisco-based Twitter announced Monday that it had agreed to be bought by Musk for $54.20 a share, or about $44 billion. Analysts said the deal could make Tesla investors nervous that Musk will be distracted by Twitter and less engaged in running the electric car company - and have to sell a large number of Tesla shares to finance the acquisition. Musk is Tesla's largest shareholder.

    On Tuesday, Tesla shares closed down 12%, the biggest single-day drop since Sept. 8, 2020. On Friday, shares of Tesla Inc., which is based in Austin, Texas, were going for around $884.

    Kaiser said selling shares now, instead of closer to when the deal is expected to close, is a 鈥減rudent鈥 move by Musk.

    鈥淚t makes sense to sell shares before people are expecting it to happen so that his selling doesn't put unusual short-term downward pressure on the price鈥 of Tesla's stock, Kaiser said.

    Before Musk's deal for Twitter is completed, shareholders will have to weigh in. So will regulators in the U.S. and in countries where Twitter does business.

    So far though, few hurdles are expected, despite objections from some of Twitter's own employees and from users who worry about Musk's stance on free speech and what it might mean for harassment and hate speech on the platform.

    Twitter shares rose slightly to $49.17, still well below the deal price of $54.20.

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    • Two sisters from Ontario travelled to Newfoundland to spend time with their mom after they learned she lost $20,000 to a romance scam.

    • There was an eye-catching mix of rainbows and lightning over Vancouver following a brief downpour this week.

    Sports

    • Former Toronto Raptors guard Danny Green has announced his retirement from the NBA.

    • The fire inside Brady Oliveira is burning a bit hotter this week, which could spell trouble for the Toronto Argonauts. The Blue Bombers star running back said he and the offence are ready to take on the CFL's best run defence at a sold-out Princess Auto Stadium on Friday, especially with the stakes so high.

    Autos

    • Elon Musk unveils his 'Cybercab' robotaxi

      Tesla CEO Elon Musk unveiled on Thursday his vision of a 'a fun, exciting future,' an 'age of abundance' full of his company鈥檚 self-driving cars without steering wheels, parking lots turned into parks and robots that will walk among the population 鈥 that he once again promised would be available within a few years.

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      Dozens of cars were pulled out of the Detroit River in west Windsor on Tuesday, causing many questions for Windsorites.

    Local Spotlight

    There was an eye-catching mix of rainbows and lightning over Vancouver following a brief downpour this week.

    Jeff Warner from Aidie Creek Gardens in the northern Ontario community of Englehart has a passion for growing big pumpkins and his effort is paying off in more ways than one.

    Saskatchewan鈥檚 Jessica Campbell has made hockey history, becoming the first ever female assistant coach in the National Hockey League (NHL).

    Have you ever seen videos of hovercrafts online or on TV and thought, 'Wow, I wish I could ride one of those.' One Alberta man did, and then built his own.

    A B.C. couple is getting desperate 鈥 and creative 鈥 in their search for their missing dog.

    Videos of a meteor streaking across the skies of southern Ontario have surfaced and small bits of the outer space rock may have made it to land, one astronomy professor says.

    A unique form of clouds made an appearance over the skies of Ottawa on Sunday evening.

    Bernie Hicks, known as the 鈥楤atman of Amherst,鈥 always wanted to sit in a Batmobile until a kind stranger made it happen.

    Bubi鈥檚 Awesome Eats, located on University Ave West took to social media to announce the closure on Friday.

    • It鈥檚 expected to be very busy on the roads, at border crossings, and aboard BC Ferries on Friday as British Columbians begin their long weekend plans.

    • British Columbia billionaire Chip Wilson has put up yet another billboard message to voters, his third post outside his multimillion-dollar mansion in NDP Leader David Eby's own riding.

    • Two sisters from Ontario travelled to Newfoundland to spend time with their mom after they learned she lost $20,000 to a romance scam.

    • Several lanes of Hwy. 401 have reopened in Oshawa following a serious collision.

    • A worker has been transported to hospital with life-threatening injuries following a collision involving a Ministry of Transportation vehicle on Hwy. 403 in Burlington.

    • Police say they are on the hunt for a suspect after a man died in hospital after being shot in Forest Lawn.

    • Jeff Davison, who once served as councillor in Ward 6 and ran for mayor in the 2021 election, said Thursday he will run for mayor again next year.

    • WEATHER

      WEATHER

      Both the weather and road conditions across central and southern Alberta will be good for the Thanksgiving weekend, with daytime highs ranging from seasonal to warmer then average and overnight lows following suit.

    • The aurora borealis was visible across the national capital region Thursday night, the second time this week the dazzling display was seen in the region.

    • Premier Doug Ford is visiting eastern Ontario to kick off the Thanksgiving long weekend. Ford and Minister of Labour, Immigration, Training and Skills Development David Piccini will be in Brockville, Ont. for remarks at 11 a.m.

    • The Ottawa Senators opened the 2024-25 season by ringing in a new tradition at Canadian Tire Centre 鈥 a rally bell.

    • Quebec restaurant employees are earning a higher wage and working fewer hours than the servers, dishwashers and bartenders in other Canadian provinces, according to a new report from the Quebec Restaurant Association.

    • Over 100 homeowners attended a Pierrefonds-Roxboro meeting on Thursday night to learn more about the proposed flood maps for their Montreal borough. They are not confident the maps are accurate or fair.

    • Hydro-Quebec opened a new substation on Bridge Street and will commemorate the thousands of Irish immigrants who died in Montreal in the 1800s.

    • An Edmonton daycare has been shut down after failing to address concerns about unsupervised children, the province said Thursday.

    • The United Nurses of Alberta (UNA) have voted to send a mediator-recommended settlement with the provincial government to its more than 30,000 members for a ratification vote.

    • Maritime motorists are paying more at the pumps ahead of the Thanksgiving long weekend after the price of gas and diesel jumped significantly overnight.

    • Two sisters from Ontario travelled to Newfoundland to spend time with their mom after they learned she lost $20,000 to a romance scam.

    • A special weather statement is in effect for parts of Nova Scotia, warning of windy conditions on Saturday.

    • A woman is speaking out after an assault on a Winnipeg Transit bus sent her and her daughter to the hospital.

    • The superintendent of the Winnipeg School Division (WSD) has apologized over a message displayed during a professional development day on Wednesday.

    • A new report taking a second look at sleep safety in infants found a fundamental shift is needed to prevent babies from unnecessarily dying in their sleep.

    • With Regina's civic election just over a month away Mayor Sandra Masters and city council had their final meeting together on Wednesday, they took some time to reflect on the term that was.

    • RCMP say officers have found an abandoned vehicle and seized a firearm connected to an armed robbery in the Whitewood, Sask. area Wednesday night, but are still on the hunt for two suspects.

    • Kitchener-Waterloo Oktoberfest officially gets underway Friday with a big celebration in front of Kitchener City Hall. Here's what you need to know.

    • Ontario Provincial Police have arrested a Waterloo man who they believe is linked to a group that has been scamming victims across Canada.

    • A failed condo development in Kitchener is in new hands, leaving those who purchased property with a decision to make.

    • Emails obtained by 麻豆影视 show a Saskatoon private school embroiled in abuse allegations considered mayoral hopeful Gord Wyant a "friend," but he says he cut off contact when the allegations came to light.

    • Saskatoon's civic election is inching closer, as candidates are now finalized ahead of voting day on Nov. 13.

    • The Saskatchewan RCMP is responding to a report of an armed carjacking in Red Pheasant First Nation.

    • Glenn Thompson packs his E-bike to make the short trip back to the room he鈥檚 renting. Just a few short weeks ago, he was living in a tent.

    • An Ontario man said he feels 'devastated' after learning his identity was stolen to take out two fraudulent loans under his name.

    • A 14-year-old student received non-life-threatening injuries Thursday afternoon in a collision with a vehicle in Chelmsford in Greater Sudbury.

    • According to the health unit, between May 1 and Sept. 26, 2024, a total of 30 confirmed legionella cases met the criteria for inclusion in the outbreak.

    • Officers investigated several complaints they received about the owner of McMillan Flooring and More Inc. soliciting business between May and June, taking deposits and then not doing the work.

    • At around 9:15 a.m. emergency services responded to reports of a possible stabbing in the area of Oxford Street West and Fiddlers Green Road.

    • Local photographer grabs stellar photos of Northern Lights.

    • Oro-Medonte fire crews worked to extinguish a blaze early Friday morning.

    • OPP are running Operation Impact on Thanksgiving weekend to ensure highway safety.

    • A Windsor city councillor is pushing an idea to build a handful of houses by selling off part of a park he says is going unused.

    • Windsor's mayor is backing a controversial proposal that would force people into involuntary mental health or addictions treatment. What people across the province are talking about was referenced in a Facebook post by Mayor Drew Dilkens.

    • It鈥檚 expected to be very busy on the roads, at border crossings, and aboard BC Ferries on Friday as British Columbians begin their long weekend plans.

    • When B.C. voters make their way to the polls on Oct. 19, affordability is sure to be top of mind, particularly for some young people.

    • Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.

    • A U.S. District Court judge in Montana has sentenced a 27-year-old man from Kelowna, B.C., to 18 months in prison for using fake names to buy guns with the aim of selling them in Canada.

    • Nearly two years after a man was stabbed to death in downtown Kelowna, RCMP have made an arrest in the case.

    • The Interfaith Food Bank is busy preparing Thanksgiving bundles and has some tips for anyone hoping to cut down on their holiday dinner costs.

    • A weapons complaint that led to the temporary lockdown of two Lethbridge schools Thursday turned out to be no threat, police said in a media release.

    • Thousands more Lethbridge residents will soon be without a family doctor.

    • Someone who bought a lottery ticket in Parry Sound, Ont., last year is about to miss out on a $100,000 prize if they don't claim it within the next two weeks.

    • Sault Ste. Marie Police Service said two people were arrested following a heavy police presence on Chapple Avenue on Thursday.

    • An annual international mining conference is underway in Greater Sudbury, Ont., marking the first time the Organization for Economic Co-operation and Development (OECD) Conference of Mining Regions and Cities has been held in North America.

    N.L.

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