Here are five things you need to know this morning:

AtkinsRealis plans to sell stake in Highway 407: AtkinsRealis, the engineering company formerly known as SNC Lavalin, says it plans to sell its stake in Ontario’s Highway 407 toll road by the end of 2027 to focus on its core businesses. The company made the announcement while unveiling its strategic plan at an investor day today.

Tesla shares jump after shareholders vote in favour of 2 new resolutions: Shares in Tesla are higher in premarket trading this morning after Elon Musk says they are voting overwhelmingly in favour of two resolutions that require their sign-off. The first is one to formally move the company’s state of incorporation to Texas, where the headquarters already are. And the second is to approve of his exorbitant pay package that makes him eligible for almost US$56 billion in compensation if certain performance metrics are met. “Both Tesla shareholder resolutions are currently passing by wide margins,” he said on X, the social media company he owns.

Broadcom shares surge on strong earnings: Shares in Broadcom are poised for their best day in four years after the chipmaker posted earnings after the bell yesterday. As has been the case with a number of other tech companies, strong demand for AI is driving growth at the company. The company posted a second quarter profit of US$10.96 a share. That’s ahead of the $10.80 analysts were expecting. Sales for the full year are projected to be $51 billion, also ahead of forecasts.

Pembina Pipeline nears decision on LNG facility: Pembina Pipeline Corp plans to make its final investment decision for a proposed US$4 billion Cedar LNG floating gas-export project in British Columbia within two weeks, Bloomberg reports. The project would be funded 60 per cent by debt and 20 per cent equity stakes from each of Pembina and local partners Haisla Nation. If it goes ahead, it would be a major step forward for Canada’s LNG industry, which lags global peers.

Trans Mountain seeking to sell 30 per cent stake to Indigenous partner: The federal government is looking to sell a 30 per cent stake in the newly expanded Trans Mountain pipeline system to Indigenous owners, Alberta Premier Danielle Smith said. The pipeline expansion went into operation last month, after years of delays and billions of dollars of cost overruns. Ottawa bought the project in 2018 to ensure it would be completed, but are seeking to sell all or part of their stake. Smith made the comments at a press conference in Calgary, saying the stake “is going to be a great source of income” for its owners.