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CTV News
5 minutes ago
- CTV News
Trump says Intel CEO has an ‘amazing story' days after calling for his resignation
Less than a week after demanding his resignation, President Donald Trump is now calling the career of Intel's CEO an 'amazing story.' Shares of Intel, which slid last week after CEO Lip-Bu Tan came under fire from the U.S. President, bounced higher before the opening bell Tuesday. The attack from Trump came after Sen. Tom Cotton sent a letter to Intel Chairman Frank Yeary expressing concern over Tan's investments and ties to semiconductor firms that are reportedly linked to the Chinese Communist Party and the People's Liberation Army. Cotton asked Intel if Tan had divested from the companies to eliminate any potential conflict of interest. Trump said on the Truth Social platform Thursday that, 'The CEO of Intel is highly CONFLICTED and must resign, immediately. There is no other solution to this problem. Thank you for your attention to this problem!' Tan was named Intel CEO in March and it is unclear if he has divested his interests in the chip companies. Tan said in a message to employees that there was misinformation circulating about his past roles at Walden International and Cadence Design Systems and said that he'd 'always operated within the highest legal and ethical standards.' After a Monday meeting with Tan at the White House, Trump backed off his demand that Tan resign without hesitation. 'I met with Mr. Lip-Bu Tan, of Intel, along with Secretary of Commerce, Howard Lutnick, and Secretary of the Treasury, Scott Bessent,' Trump wrote in a Truth Social post. 'The meeting was a very interesting one. His success and rise is an amazing story. Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week. Thank you for your attention to this matter!' Shares of Intel rose gained more than three per cent in premarket trading. The economic and political rivalry between the U.S. and China are increasingly focused on computer chips, AI and other digital technologies that are expected to shape future economies and military conflicts. Michelle Chapman, The Associated Press
Toronto Star
35 minutes ago
- Toronto Star
OTC Markets Group Welcomes First Phosphate Corp. to OTCQX
NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced First Phosphate Corp. (CSE: PHOS; OTCQX: FRSPF), an igneous phosphate mineral development company for the LFP battery industry, has qualified to trade on the OTCQX® Best Market. First Phosphate Corp. upgraded to OTCQX from the OTCQB® Venture Market. First Phosphate Corp. begins trading today on OTCQX under the symbol 'FRSPF.' U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on
Cision Canada
35 minutes ago
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The Royal Horse Show is proud to announce Ecclestone Horse Transport as Presenting Sponsor of the Longines FEI Jumping World Cup™ Toronto
TORONTO, Aug. 12, 2025 /CNW/ - The Royal Agricultural Winter Fair is pleased to announce Ecclestone Horse Transport as Presenting Sponsor of the Longines FEI Jumping World Cup™ Toronto at the 103rd Royal Horse Show. This world-class competition is the marquee show jumping event at The Royal and the only Canadian qualifier on the Longines FEI World Cup™ circuit. This expanded partnership with Ecclestone Horse Transport marks a milestone for the Canadian company as it celebrates its 10th anniversary. Since 2023, EHT has served as Official Transporter of The Royal Agricultural Winter Fair, overseeing equine logistics with professionalism and care. This year, the company steps into a more prominent role, reflecting The Royal's shared commitment to excellence in service and long-standing support of equestrian sport in Canada. "The Royal has always been magical for me," said Kyle Ecclestone, President and Founder of Ecclestone Horse Transport. "From childhood memories to now supporting the athletes and horses behind the scenes, it's been a constant throughout my life. Presenting this class during our 10th year is a full-circle moment I'll never forget." Founded in 2015, Ecclestone Horse Transport has become one of the nation's most trusted names in equine transportation, moving horses of all breeds and disciplines across North America and abroad. Built on horsemanship, reliability, and a deep understanding of the sport, EHT plays a critical role behind the scenes at The Royal Horse Show, one of the most prestigious indoor equestrian events in the world. The Longines FEI Jumping World Cup™ Toronto draws many of the world's top-ranked riders to the city, all competing for valuable points toward qualification for The Longines FEI Jumping World Cup™ Final. For Canadian fans, it is a rare opportunity to witness elite show jumping talent on home soil, where international sport meets national tradition. "Having a Canadian company like Ecclestone Horse Transport so deeply involved in this year's event is a powerful reminder of how homegrown businesses can help shape the future of our sport. Their ongoing commitment to the equestrian community reflects the very spirit of The Royal: tradition, excellence, and connection," said Cyrus Cooper, Chief Executive Officer, The Royal Agricultural Winter Fair. Steeped in history, The Royal Agricultural Winter Fair has been a Canadian tradition since 1922, when it was founded to unite rural and urban communities in the years following the First World War. Today, it remains a living link to the country's heritage and an essential part of equestrian sport's pathway in Canada, inspiring the next generation to discover horses, take lessons, and one day compete at the highest levels. The Longines FEI Jumping World Cup™ Toronto Presented by Ecclestone Horse Transport takes place on Saturday, November 15 at 7:00 p.m. in the Coca-Cola Coliseum at Exhibition Place. Tickets include same-day admission to the full Fair experience. Visit for tickets and additional event information.
