Embarrassing earnings 📉 — SoftBank has a bad quarter. Self driving cars are coming to China. And Ontario hospitals are in crisis.

Japanese technology investor SoftBank reported a record loss of US$23 billion last quarter, after a spending spree that CEO Masayoshi Son described as delirious.Baidu (China’s Google) is the country’s first company licensed to commercially offer fully driverless robotaxis without a human supervisor present through Apollo Go, its driverless ride-hailing platform.Canadian hospital shutdowns that began in small jurisdictions have now spread to the biggest cities as the healthcare system deals with a devastating labour shortage.The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.