Connect with us

Technology

CRTC takes action to bring Canadians more choice and lower prices for high-speed Internet

Published

on

OTTAWA, ON and GATINEAU, QC, Aug. 13, 2024 /CNW/ – The CRTC is taking a major step forward to improve competition in Canada’s Internet market. 

Today’s decision will deliver more choice to Canadians who want higher-speed Internet at lower prices by enabling competitors to use the fibre networks of the large telephone companies and will maintain incentives for companies to invest in high-quality networks. 

In 2023, the CRTC launched a public proceeding to improve Internet service competition in Canada. The record of the proceeding shows that competition in the Internet services market is declining. This has left many Canadians with fewer options for high-speed Internet.

Last November, the CRTC took a significant step to help stabilize the market. On a temporary and expedited basis, the CRTC provided competitors with a workable way to sell Internet services using the fibre-to-the-home networks of large telephone companies in Ontario and Quebec, where competition had declined most significantly. That access launched in May 2024, and competitors are using it today to offer consumers new fibre Internet choices.  

Following the November decision, the CRTC continued to collect evidence and build a robust record to inform today’s decision. The CRTC received over 300 submissions and heard directly from 22 groups during a week-long public hearing in February 2024.  

Based on this record, the CRTC is now extending workable access to the large telephone companies’ fibre across Canada. Starting on February 13, 2025, this new access will grow Internet competition and empower consumers with new choices. It will make Internet providers work harder to win Canadians’ business so that consumers can benefit from lower prices and innovative new offers.  

At the same time, the CRTC recognizes that building out fibre is expensive. The CRTC is taking action to ensure continued investments so that more Canadians can get access to high-quality, higher-speed Internet. For example, the new access granted in today’s decision applies only to fibre that has already been built. Any new fibre built by the large telephone companies will be made available to competitors in five years. This head start gives the large companies an opportunity to more quickly make a return on their investments and encourages them to connect more Canadians to fibre sooner.  

The CRTC is continuing its work to set the wholesale rates competitors pay when they sell Internet services over fibre networks. The CRTC will set just and reasonable cost-based rates for access to fibre across the country by the end of this year. These rates will be in place in time for the CRTC’s new approach to take full effect in February 2025. For now, the existing rates in Ontario and Quebec will remain in place.

The CRTC will continue to closely monitor the Internet services market and the impact of its regulatory framework to ensure Canadians benefit from increased competition, lower prices and high-quality Internet. 

Today’s decision is part of the CRTC’s broader effort to ensure that Canadians have access to affordable and high-quality telecommunications services. The CRTC is encouraged by the recent competitive activity in the cellphone market, where it gave regional competitors the ability to compete as mobile virtual network operators (MVNOs) using the networks of large cellphone companies across Canada. By extending its existing approach for Internet services to fibre networks, the CRTC is setting a path to similar success for Internet services.  

Quotes 

“Today’s decision builds on our work to ensure that Canadians have access to more choice of high-quality Internet and cellphone services at lower prices. We have already taken action to encourage more competition in the cellphone market, while maintaining incentives for companies to invest in networks. We are seeing a positive impact on the cellphone rates Canadians pay and expect to see similar benefits for Internet services.” 

–  Vicky Eatrides, Chairperson and Chief Executive Officer, CRTC  

Quick facts 

The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public hearings on telecommunications and broadcasting matters, and makes decisions based on the public record.Today’s decision is consistent with the objectives set out in the Telecommunications Act and the government’s 2023 Policy Direction.  

Associated links

Telecom Regulatory Policy CRTC 2024-180 – Competition in Canada’s Internet service marketsReview of the wholesale high-speed access service framework – Temporary access to fibre-to-the-premises facilities over aggregated wholesale high-speed access services Telecom Notice of Consultation CRTC 2023-56

Stay Connected

Follow us on X @CRTCeng

Like us on Facebook

SOURCE Canadian Radio-television and Telecommunications Commission

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Caris Life Sciences Submits Application to New York State Department of Health for Caris Assure Blood‑Based Testing Authorization

Published

on

By

IRVING, Texas, May 8, 2026 /PRNewswire/ — Caris Life Sciences® (NASDAQ: CAI), a leading patient-centric next-generation AI TechBio company and precision medicine pioneer, today announced that it has submitted an application to the New York State Department of Health (NYSDOH) Clinical Laboratory Evaluation Program (CLEP), administered through the Wadsworth Center, seeking authorization to perform Caris Assure®, its blood‑based molecular profiling test, on specimens originating from New York State.

Caris Assure is a blood‑based molecular profiling test designed to support comprehensive biomarker analysis using a minimally invasive blood sample. Caris Assure uses circulating nucleic acids sequencing (cNAS) to analyze the whole exome (DNA) and whole transcriptome (RNA) of 22,000 genes. This comprehensive test identifies tumor alterations, clonal hematopoiesis (CH) and inherited variants, pharmacogenomic alterations, microsatellite instability (MSI) and tumor mutational burden (TMB).

The submission initiates the formal review process required by New York State for clinical laboratories seeking to perform testing on specimens collected from New York patients. Through the Wadsworth Center, CLEP conducts comprehensive reviews of laboratory permits and laboratory-developed tests to evaluate analytical validation, quality systems, personnel qualifications and compliance with applicable state regulations.

“Caris is committed to meeting the highest standards for laboratory quality, validation and regulatory compliance,” said David Spetzler, MS, PhD, MBA, President of Caris Life Sciences. “This submission of Caris Assure for review through the New York State Department of Health’s Wadsworth Center reflects our disciplined approach to expanding access to our technologies in a manner that demonstrates the rigor, responsibility and focus on the patient that define Caris Life Sciences and guide our work in the markets we serve.”

At this time, no determination has been made by NYSDOH, and Caris Assure is not authorized for use on blood-based specimens originating from New York State unless and until CLEP authorization is granted.

Caris operates a CAP-accredited, CLIA‑certified clinical laboratory and performs testing in jurisdictions where it is authorized to do so, in accordance with all applicable federal, state, and local regulations. Any future availability of Caris Assure in New York State will be contingent upon completion of the CLEP review process administered by the Wadsworth Center and receipt of the appropriate authorization.

About Caris Life Sciences
Caris Life Sciences® (Caris) is a leading, patient-centric, next-generation AI TechBio company and precision medicine pioneer actively developing and commercializing innovative solutions to transform healthcare. Through comprehensive molecular profiling (Whole Genome, Whole Exome and Whole Transcriptome Sequencing), advanced AI and machine learning, Caris has created the large-scale, multimodal clinico-genomic database and computing capability needed to analyze and further unravel the molecular complexity of disease. This convergence of next-generation sequencing, AI and machine learning technologies and high-performance computing provides a differentiated platform for developing the latest generation of advanced precision medicine diagnostic solutions for early detection, diagnosis, monitoring, therapy selection and drug development.

Caris was founded with a vision to realize the potential of precision medicine to improve the human condition. Headquartered in Irving, Texas, Caris has offices in Phoenix, New York, Cambridge (MA), Tokyo, Japan and Basel, Switzerland. Caris or its distributor partners provide services in the U.S. and other international markets.

Forward Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. All statements other than statements of historical facts contained in this press release are forward-looking statements, including statements regarding our business, solutions, plans, objectives, goals, industry trends, financial outlook and guidance. In some cases forward-looking statements can be identified by words such as “may,” “will,” “should,” “would,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “potential,” “contemplate,” “believe,” “estimate,” “predict,” or “continue” or similar expressions.

You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in these forward-looking statements are reasonable based on information currently available to us, we cannot guarantee that the future results, discoveries, levels of activity, performance or events and circumstances reflected in forward-looking statements will be achieved or occur. Forward-looking statements involve known and unknown risks and uncertainties, some of which are beyond our control. Risks and uncertainties that could cause our actual results to differ materially from those indicated or implied by the forward-looking statements in this press release include, among other things: our future financial performance, results of operations or other operational results or metrics; development, analytical and clinical validation, timing and performance of future solutions by us and our competitors; commercial market acceptance for our solutions, including acceptance of preventive as well as diagnostic testing paradigms, and our ability to meet resulting demand; the rapidly evolving competitive environment in which we operate; third-party payer reimbursement and coverage decisions related to our solutions; risks related to data management, storage, and processing capabilities and our ability to integrate and deploy artificial intelligence and advanced data analytics technologies; our ability to protect and enhance our intellectual property; regulatory requirements, decisions or approvals (including the timing and conditions thereof) related to our solutions, including our application for New York State Department of Health approval for Caris Assure; reliance on third-party suppliers; risks related to data security, patient privacy, and compliance with healthcare data protection regulations as well as potential cybersecurity threats to our data platforms; our compliance with laws and regulations; the outcome of government investigations and litigation; risks related to our indebtedness; and our ability to hire and retain key personnel as well as risks, uncertainties; and other factors described in the section titled “Risk Factors” and elsewhere in our Annual Report on Form 10-K filed on March 3, 2026, and in our other filings we make with the SEC from time to time. We undertake no obligation to update any forward-looking statements to reflect changes in events, circumstances or our beliefs after the date of this press release, except as required by law.

Caris Life Sciences Media:
Corporate Communications
CorpComm@CarisLS.com
214.294.5606 

View original content to download multimedia:https://www.prnewswire.com/news-releases/caris-life-sciences-submits-application-to-new-york-state-department-of-health-for-caris-assure-bloodbased-testing-authorization-302767104.html

SOURCE Caris Life Sciences

Continue Reading

Technology

Dover Declares Regular Quarterly Cash Dividend

Published

on

By

DOWNERS GROVE, Ill., May 8, 2026 /PRNewswire/ — The Board of Directors of Dover Corporation (NYSE: DOV) today declared a regular quarterly cash dividend of $0.52 (fifty-two cents) per share, payable on June 15, 2026, to shareholders of record as of May 29, 2026.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Investor Contact:

Media Contact:

Jack Dickens
Vice President – Investor Relations
(630) 743-2566
jdickens@dovercorp.com

Adrian Sakowicz
Vice President – Communications
(630) 743-5039
asakowicz@dovercorp.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/dover-declares-regular-quarterly-cash-dividend-302767309.html

SOURCE Dover

Continue Reading

Technology

Pillar Accounting & Technology Launches With a Tech-Driven, Complete-System Approach to Accounting and Advisory

Published

on

By

Pillar Accounting & Technology officially launched on May 8, 2026, as a dedicated outsourced accounting and technology advisory firm built to help CPA firms, nonprofits, and growing businesses gain financial clarity, strengthen operations, and scale with confidence.

JACKSONVILLE, Fla., May 8, 2026 /PRNewswire-PRWeb/ —  Pillar Accounting & Technology officially launched today as a dedicated outsourced accounting and technology advisory firm built to help CPA firms, nonprofits, and growing businesses gain financial clarity, strengthen operations, and scale with confidence.

“Most businesses don’t need another disconnected service provider. They need a complete accounting system that actually works,” said Founder Shelly Lingor. “That means clean books, integrated technology, clear reporting, and people who can help turn financial data into real business decisions.”

Founded by Shelly Lingor, Pillar was created in response to a growing challenge across the accounting industry: businesses and CPA firms increasingly need strategic, technology-enabled accounting support, but many do not have the internal capacity or infrastructure to build it effectively themselves.

Pillar delivers fully managed accounting ecosystems that combine cloud accounting, technology integration, workflow optimization, and advisory support into one connected system. The firm provides services ranging from day-to-day accounting operations through fractional CFO and strategic advisory support.

“Most businesses don’t need another disconnected service provider. They need a complete accounting system that actually works,” said Lingor. “That means clean books, integrated technology, clear reporting, and people who can help turn financial data into real business decisions.”

Pillar serves four core client groups:

CPA firms seeking outsourced Client Accounting Services (CAS) support without expanding internal headcountNonprofit organizations requiring compliant, specialized financial managementGrowing businesses that have outgrown basic bookkeepingE-commerce and multi-entity businesses in need of stronger operational and financial systems

Unlike traditional outsourced accounting providers, Pillar does not offer tax preparation or wealth management services. That positioning allows the firm to operate as a collaborative, non-competing partner to CPA firms and advisory practices.

The firm’s technology-forward model includes expertise in platforms such as QuickBooks Online, Xero, A2X, Cin7 Core, workflow automation systems, and emerging AI-driven operational tools. Pillar also provides accounting system implementation, workflow design, cloud migrations, secure client data hosting, and ongoing optimization support.

Pillar’s launch comes at a time when many CPA firms are overwhelmed by bookkeeping demands, staffing shortages, and growing client expectations around technology and advisory services.

“We’ve seen firms spend too much time buried in accounting cleanup and operational issues instead of focusing on higher-value advisory work,” Lingor said. “Our role is to remove that burden so firms and business owners can focus on growth, strategy, and serving their clients well.”

The company’s leadership team includes Jay Kimelman, who recently joined the firm as Chief Operating Officer and leads Pillar’s Virtual Chief Technology Officer (VCTO) practice. His background in outsourced accounting, automation, systems integration, and AI-driven workflows strengthens the firm’s operational and technology capabilities.

Pillar’s approach is rooted in what the firm describes as a “no-judgment partnership” philosophy—recognizing that many businesses seeking accounting support are navigating rapid growth, operational complexity, or financial systems that have fallen behind.

“Messy books are usually a symptom of growth without infrastructure,” Lingor said. “We’ve seen this before. Our job is to help clients build the systems and visibility they need moving forward.”

The firm will initially focus on serving clients and partners throughout Florida and Georgia, with a broader nationwide growth strategy centered on CPA firm partnerships and cloud-based service delivery.

For more information, visit pillaraccountingandtechnology.com.

ABOUT PILLAR ACCOUNTING & TECHNOLOGY

Pillar Accounting & Technology is a technology-enabled accounting and advisory firm serving CPA firms, nonprofits, and growing businesses. The firm provides outsourced accounting, cloud accounting systems, and strategic advisory services designed to deliver clean financials, operational clarity, and better business decision-making. Pillar combines integrated technology with expert human support to help clients build scalable accounting systems that grow with their businesses.

Media Contact

Shelly Lingor, Pillar Accounting & Technology, 1 9047549488, slingor@pillaraccts.com, https://pillaraccountingandtechnology.com/

View original content to download multimedia:https://www.prweb.com/releases/pillar-accounting–technology-launches-with-a-tech-driven-complete-system-approach-to-accounting-and-advisory-302767203.html

SOURCE Pillar Accounting & Technology

Continue Reading

Trending