John Apple 🍏 - Apple’s new CEO takes the reins, Canada struggles to get its defence bank going.

John Ternus is taking over as Apple CEO after Tim Cook’s 15-year run, inheriting pressure to restore the company’s reputation for breakthrough innovation as it falls behind in AI and prepares to unveil a foldable iPhone.

Plus, Canada’s proposed global defence bank is struggling to win support from major allies, threatening its ability to secure a top credit rating and provide the cheap capital Canadian defence companies need to ramp up production.

And in The Big Picture: The U.S. Treasury secretary dismisses Canada’s trade-war leverage, Unifor opens talks with Stellantis, Amazon faces a major advertising lawsuit, Ssense expands into the U.S., another B.C. Conservative MLA defects, and more.

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