Canadian-American alternative asset manager led by Connor Teskey since Feb 2026
The Palisades nuclear plant near Lake Michigan has been repeatedly delayed after Holtec International restarted a plan to revive the shuttered reactor. The project, begun soon after the plant’s sale, has faced corrosion discoveries, supply-chain hiccups and an underground leak, underscoring the hurdles in reviving U.S. nuclear energy despite bipartisan interest.
The United States and Saudi Arabia have signed a civilian nuclear cooperation agreement and a bilateral safeguards pact, but President Donald Trump has said the deal is conditional on Riyadh normalising relations with Israel. Officials and commentators are disputing whether the White House and Energy Department coordinated the announcement. Critics warn the pact weakens non‑proliferation safeguards and could spur a regional arms race.
Nvidia has announced memorandums with six Wall Street firms to assemble about $500 billion to finance AI infrastructure — data centres, GPU clusters and related compute — for customers that lack cash or credit. Executives are pitching compute as an investable asset class while analysts warn depreciation risk and competition from China could erode collateral value.
President Donald Trump has submitted a 30-year civil nuclear agreement with Saudi Arabia to Congress, starting a 90-day review. The deal would allow U.S. firms to export civilian nuclear technology and build AP1000 reactors. The White House says the pact will only move forward if Riyadh normalises relations with Israel under the Abraham Accords.
Nvidia has acquired a minority stake in Cloverleaf Infrastructure and has announced a partnership to help build data‑centre sites. The move follows Nvidia’s recent $1.5 billion investment in an Ohio data‑centre project and signals the company is directly financing and developing the power and site infrastructure that supports demand for its AI chips.
Canada is actively courting private capital to diversify away from the U.S. amid a deepening trade dispute. At the Canada Investment Summit, leaders pitch Canada as a stable, rules‑based partner with vast resources, while Washington expands tariffs and countermeasures that threaten interwoven supply chains.
Fairfax Financial has secured a 60.7% stake in IDBI Bank, valuing the lender at about 871 billion rupees. The sale marks the largest foreign direct investment in India’s financial sector as regulators review credentials.