The Daily Chase: London Drugs closes its doors on cyber precaution

Here are five things you need to know this morning.

London Drugs closes stores after cyber incident: Drug store chain London Drugs has temporarily shut all of its stores across Canada after a cybersecurity incident. The chain discovered it was the victim of an incident on Sunday and shut all 79 of its stores “out of an abundance of caution,” Bloomberg reports. The stores will remain closed until further notice, according to an email from the company, but pharmacists will be available for customers with urgent needs. We’ll have more on this story throughout the day as we learn more.

Cargojet profits inch higher: Profit at air cargo service provider Cargojet rose $2 million to $32.5 million last quarter compared with a year earlier, despite a slight tick lower on the revenue side. The TSX-listed company said in its earnings release that streamlined maintenance processes, optimized schedules and better shift management are helping reduce costs. Revenue came in at $231.2 million, in line with analyst estimates, but down from $231.9 million a year ago.

Tesla shares gain on China self-driving news: Shares in electric carmaker Tesla are poised to gain on Monday after the company’s CEO Elon Musk made an unexpected trip to China to secure the country’s OK to roll out self-driving technology. Bloomberg reports that the company got approval for a data-security and privacy requirement that had been hard to obtain previously. The company will also partner with Chinese firm Baidu on mapping and navigation functions in its deployment of what it calls FSD or Full Self-Driving technology.