$TRI

Thomson Reuters launched an upgraded CoCounsel Tax, Audit & Accounting platform for US accounting professionals, featuring an AI model tailored for financial sector tasks. The system integrates with the company's Checkpoint research database and supports various computations, document generation, and system integrations. It is currently available in the US market, with more features planned.

Thomson Reuters (TRI) shares rose 7% to $122.95 after launching CoCounsel Tax, Audit & Accounting, an AI platform for tax and audit professionals. The stock opened at $117.34, reaching an intraday high of $122.84. It has traded between $76.28 and $164.30 in the past year, according to the company.

Thomson Reuters (TRI) completed the sale of a 51% stake in its Global Print business to KKR, forming a joint venture. The company will report Global Print as discontinued operations from Q3 2026, with revised 2025-2026 results excluding this business. The transaction is expected to be neutral to adjusted EBITDA margin and accretive to organic revenue growth by 60-70 basis points annually. The company will issue a revised 2026 outlook on November 3, 2026.

Thomson Reuters (TRI) will receive 20% of Westbridge Print's professional revenue as a royalty. The company will report Global Print as discontinued operations from Q3 2026, with revised 2025-2026 results excluding this business. The royalty and transition services are expected to offset stranded costs, maintaining neutral adjusted EBITDA margin and adding 60-70 basis points to annual organic revenue growth. Thomson Reuters will issue a revised full-year 2026 outlook on November 3, 2026.

Thomson Reuters (TRI) has launched the next generation of CoCounsel Legal globally, adding cross-border legal research from over 100 countries. The new Multinational Profile feature integrates legal content into a single workflow, helping legal teams research cross-border questions without leaving the platform. The upgraded platform will be available in over 90 countries throughout 2026, with key markets like Australia, Canada, and the UK gaining access soon.

Thomson Reuters has completed the sale of a 51% stake in its global print business to KKR for $500 million. The transaction was announced on October 1, 2026. Thomson Reuters is a publicly traded company on the Toronto Stock Exchange.

Thomson Reuters (TRI) has completed the sale of a majority stake in its Global Print business to KKR, forming Westbridge Print. The deal allows TRI to focus on AI solutions for legal, tax, and compliance industries. Westbridge Print serves professionals in 13 countries.

A US appeals court upheld a ruling in favor of Thomson Reuters in its copyright lawsuit against Ross Intelligence, rejecting Ross' fair use argument for using Thomson Reuters' Westlaw material to train its AI search engine. The case is notable as the first AI training copyright dispute heard by a US appeals court.

ICE awarded Thomson Reuters Special Services a $125M, five-year data and analytics contract. The deal, initially planned as sole-source, was reopened to competition before TRSS was selected. The agreement supports HSI's screening, vetting, and criminal analysis, including monitoring entities and detecting fraudulent activity. ICE also awarded Palantir a $45.8M contract for case management and analytics systems, with potential integration between the two platforms.

Canada's TSX index fell 189.08 points to 35,685.18 by noon, with Linamar and Magna International among the decliners. The Canadian dollar also slipped. Thomson Reuters shares dropped 2.9% after OpenAI launched GPT-6 Astra. Investors await a Trump-Xi meeting next week. The TSX is on track for a weekly gain, while U.S. indices saw mixed performance.