Bed, bath and crash 🛁 — Another meme stock come and goes. Insurers aren’t covering cyberattacks anymore. And there are new crypto regs.

Just five months after activist investor Ryan Cohen took on a ~10% position in Bed Bath & Beyond (BBBY), his sudden exit has sent shares spiralling by ~40%.

Canada’s top financial regulator has introduced its first-ever framework to **limit the exposure of federally regulated financial institutions, like banks and insurers, to crypto assets (nice!).

Starting next year, Lloyd’s of London insurers (which includes Lloyd’s Canada) will no longer offer coverage for state-backed cyberattacks in their policies.

The demand for natural gas has soared this year, but producers in Alberta have been unable to capitalize on higher prices (and are seeing billions lost in revenue).

The Peak Daily is produced by 306 Media Productions. Hosted by Brett Chang and Jay Rosenthal.