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Xanadu Quantum Technologies and TELUS announced plans to collaborate on advancing sovereign quantum computing infrastructure in Canada, and to exploring the development of a quantum data centre integrated with TELUS' secure, Canadian-controlled, sovereign infrastructure. Under a newly-signed MOU, the two Canadian technology leaders will explore how quantum processors can be combined with high-performance computing systems to create sovereign hybrid quantum-classical computing infrastructure in Canada - one of the first of its kind in the world. By bringing together Xanadu's expertise in photonic quantum computing with TELUS' sovereign AI expertise, advanced data centre operations, and coast-to-coast PureFibre network, this initiative will provide Canadian enterprises, researchers, and government organizations with secure access to next-generation quantum computing capabilities. These capabilities are poised to unlock breakthroughs in fields like AI, drug discovery, materials science, cybersecurity, and national security, all while keeping critical data and intellectual property in Canada, under Canadian control.

The major averages closed with losses of over 1% each as market volatility continues amid the war in Iran and the supply disruptions that are occurring because of it. Oil prices surged roughly 10% as Iran's new Supreme Leader Mojtaba Khamenei said the Strait of Hormuz should remain closed, while U.S. Energy Secretary Chris Wright told CNBC that the U.S. Navy is not prepared to escort oil tankers through the strait at this time. Overnight, three more foreign vessels were struck in the Persian Gulf a day after three separate ships, including one in the Strait, had been hit.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Dick's Sporting Goodsreportedand raised its annual dividendDollar Generalreportedand provided its outlook for FY26Morgan Stanleyand Cliffwater have capped withdrawals from their multibillion-dollar private credit funds after investors sought to redeem vastly more than the vehicles allow,Teamsters haveabout the upcoming merger of Paramount Skydanceand Warner Bros. DiscoveryAnthropic is investing $100M into the2. WALL STREET CALLS:Wells FargoOccidentalto Overweight, calling the company's "peer-leading oil sensitivity" both "an opportunity and a risk"CitiDow Inc.and LyondellBasellto Buy on "asymmetric upside risk" from an extended Middle East conflictJefferiesNutriento Buy on higher fertilizer pricesBernsteinCVSand Cignato OutperformMercadoLibreto Neutral at JPMorgan3. AROUND THE WEB:Telusis investigating a security breach, BleepingComputer reportsThe U.K.'s Ofgem has granted Teslalicense to supply electricity in the U.K., FT saysDeutsche Bankplans to expand its private credit business despite rising investor concerns about credit quality, with its portfolio reaching EUR 25.9B at the end of 2025, up about 6% year over year, FT reportsAbivaxsays "we deny the rumors" to Bloomberg after a report claimed the company granted AstraZenecaan exclusive period to access confidential information and formalize a potential takeover offerJPMorganand UBScut prime brokerage ties with Infini Capital Management Ltd. months ago, Bloomberg reports4. MOVERS:Lightwave Logicrose afterwith Tower SemiconductorPetcoincreased afterand providing guidance for FY26ProFrac Holdingsand Bumbleadvanced afterTIC Solutionsfell afterand announcing the planned retirement of CEO Tal PizzeyNetskopeand GPGIpulled back after5. EARNINGS/GUIDANCE:Gambling.comand provided guidance for FY26, with CEO Charles Gillespie calling out "record fourth quarter revenue"Sunbelt Rentalsand narrowed its guidance for FY26Vera Bradley, with CEO Ian Bickley commenting on "meaningful progress in our transformation journey"Orchestra BioMed, with EPS beating consensusVivid Seatsand provided guidance for Q1 and FY26INDEXES:The Dow fell 739.42, or 1.56%, to 46,677.85, the Nasdaq lost 404.15, or 1.78%, to 22,311.98, and the S&P 500 declined 103.18, or 1.52%, to 6,672.62.

Telus Digital confirmed it experienced a security breach after threat actors alleged to have stolen nearly 1 petabyte of data from the business process outsourcing giant in a multi-month cyberattack, BleepingComputer's Lawrence Abrams reports. The attack was carried out by threat actors known as ShinyHunters, who say they stole a wide range of customer information related to Telus' BPO operations, as well as call records for the company's consumer telecoms unit, the author notes. "TELUS Digital is investigating a cybersecurity incident involving unauthorized access to a limited number of our systems. Upon discovery, we took immediate steps to address the unauthorized activity and secure our systems against further intrusion. We are actively managing the situation and continue to monitor it closely," Telus told BleepingComputer.