Friendship ⛴ — Trade partners are friendshoring. Old school banks are reinventing themselves. And Meta is selling Giphy.

Friendshoring is on the rise as Western countries start shifting trade to friendly partners to cut dependence on totalitarian regimes, most notably China and Russia.Goldman Sachs, one of the world’s most important financial institutions, is restructuring its business to streamline work and improve its digital offerings.Meta is selling Giphy after UK regulators ruled that its ownership of the popular GIF platform restricts consumer choice and hurts competition both in the ad and social media markets.Celebrating something? Let us know here: https://thepeak.typeform.com/to/MNdYA3TOJoin us for a live recording of The Peak Daily at the Bet on Canada Summit on November 8th. Buy tickets here: https://readthepeak.com/events/bet-on-canada-2022The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.