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Wall Street Struggles Amid Layoff Surge and Tesla Shareholder Showdown

U.S. markets opened Thursday on shaky ground as investors digested troubling labor data and braced for a pivotal vote at Tesla. The Dow Jones Industrial Average and S&P 500 hovered near flat , while the Nasdaq slipped slightly, down just over 0.1% . The unease was fueled by reports showing that October marked the worst month for layoff announcements since 2003 , with 153,074 job cuts compared to just 55,597 a year earlier. Companies cited cost-cutting, the unwinding of pandemic-era hiring, and preparations for artificial intelligence as reasons behind the surge in layoffs. Meanwhile, investors are keeping a close eye on Tesla’s upcoming shareholder vote , which could shape the future of the electric vehicle giant. Despite strong earnings from chipmaker Qualcomm, tech stocks remained under pressure, reflecting broader concerns about whether valuations in the sector have become overheated. The mixed signals highlight a market caught between optimism about corporate innovation an...
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Doctors in Revolt: Quebec Faces Healthcare Exodus Over Controversial Pay Reform

 

Dr. Mark Roper, director of the Queen Elizabeth Family Medicine Group, predicts the government's new pay law for doctors will lead to an exodus of physicians from Quebec.


A growing number of Quebec physicians are threatening to resign or relocate following the provincial government's adoption of Bill 2, a controversial law that ties doctors’ compensation to performance metrics and imposes penalties for collective action against the legislation.

At the Queen Elizabeth Family Medicine Group in Montreal, 20% of the clinic’s doctors have already applied to practice outside Quebec, citing significant pay cuts and punitive measures as key motivators. Ontario Premier Doug Ford has openly invited disaffected Quebec doctors to cross provincial lines, offering a warmer reception and better compensation packages.

The backlash has been swift and widespread. Three chief physicians in western Quebec have already resigned, and medical student federations have launched legal challenges, arguing the law violates their rights to protest and organize. The Collège des médecins du Québec has also called for an immediate suspension of the law, warning that it could worsen patient care and deepen the healthcare crisis.

In response to mounting pressure, Premier François Legault’s government has suspended parts of the law in a bid to reopen negotiations with medical federations. However, many doctors remain skeptical, viewing the move as too little, too late.

As the province grapples with a shortage of family doctors—1.5 million Quebecers currently lack one—the potential exodus of medical professionals threatens to destabilize an already strained healthcare system. The coming weeks will be critical as both sides weigh compromise against confrontation.


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