Morning Business Report: Markets rise on Iran talks, Apple shifts AI strategy, Air Canada CEO steps down

Markets moved higher Monday after Donald Trump said the U.S. is in serious talks to end military operations in Iran.

1 hour ago

Keenan Gibson,

Morning Business Report: Markets Rise On Iran Talks, Apple Shifts Ai Strategy, Air Canada Ceo Steps Down

(LILAMAX)- Markets moved higher Monday after Donald Trump said the U.S. is in serious talks to end military operations in Iran.

In tech, Apple Inc. is taking a different approach in the crowded AI space — shifting focus toward hardware and services, as platforms like ChatGPT, Google Gemini, and Claude dominate. Global AI spending is expected to reach $2.5 trillion in 2026.

In Europe, Nestlé says 12 tons of Kit Kat bars were stolen in Italy — including special Formula One-themed versions shaped like race cars.

In Canada, Michael Rousseau is stepping down as CEO of Air Canada after backlash over delivering condolences in English only following a deadly crash — drawing criticism from Justin Trudeau in French-speaking Quebec.

And in health news, a Talker Research survey finds women who stay active — about 150 minutes a week — cut their risk of premature death in half.