news

Saturday, September 5

World

Nigel Farage insists Reform has ‘broken no law’ after key advisers step downFT · 39m
The NBA drops the hammer on Steve BallmerFT · 52m
Uber picks a side in driver vs robotaxi wars: its ownFT · 4h
The gloves are starting to come off in marketsFT · 4h
Is Keynesianism dead?FT · 4h
‘What the blazers?’ The long fight over school uniform costsFT · 4h
Camaraderie and nostalgia: how Germany’s far-right AfD is winning the eastFT · 4h
The prime minister won’t cut spending — here’s how I’m cutting mineFT · 4h
How to die with less than £325,000FT · 4h
How nationalists, theocrats and tech titans turned their backs on the futureFT · 4h
Q&A: HMRC considers criminalising ‘reckless’ tax mistakesFT · 4h
US Republicans revolt against Flock AI surveillance as tech backlash intensifiesFT · 4h
Why open a London jazz club in 2026?FT · 4h
EU counterterror envoy urges pressure on social platforms over youth extremismFT · 4h
What’s on at LDF 2026FT · 4h
Where to stay in New York this autumnFT · 4h
Country house sales are going, going . . .  gone to the boutique saleroomFT · 4h
AI boom reverses the trend of ever-cheaper electronicsFT · 4h
Scotland has a whisky problemFT · 4h
Extended chat: Top US trade official defends Trump’s recordFT · 4h
South-east Asia choked in haze as Indonesia wildfires spreadFT · 6h
Why Putin’s Friends Are Now Confronting Him Over the WarWSJ · 6h
Time Is No Longer on Iran’s Side in the Battle of the BlockadesWSJ · 7h
Reform in hot water … againFT · 9h
U.S. Used Promise of Nvidia Chips to Broker Armenia-Azerbaijan Peace DealWSJ · 9h
Trump vows to open Maga Inc’s $400mn war chest after Republican pressureFT · 11h
Opinion | Our Crystal Ball and Trump’s Oil DealWSJ · 11h
DOJ Staff Were Told to Pause Antitrust Work With Canadian GovernmentWSJ · 11h
Best High-Yield Savings Accounts for September 2026: Up to 4.50%WSJ · 12h
‘There’s a desire to see steadiness’: Healey sounds pro-business note as he talks up growthFT · 12h
Maga’s favourite combat sport takes off in ChinaFT · 12h
Opinion | The Inside Story of Israel’s War Room After Oct. 7WSJ · 12h
U.K.’s Reform Party Hit With Fresh Funding AllegationsWSJ · 17h
Two Men Pulled Alive From Tunnel Nine Days After Nepal FloodWSJ · 18h
Opinion | Don’t Blame China for the Fertilizer ShortageWSJ · 18h
Soft Retail Sales Reveal Cracks in Eurozone Resilience to Energy ShockWSJ · 22h
BOE Survey Points to Cooling Price PressuresWSJ · 23h

Business

Jefferies fund caught with $500mn exposure to second alleged invoice fraudFT · 4h
Ryanair’s cuts have done other airlines a favourFT · 4h
Uber picks a side in driver vs robotaxi wars: its ownFT · 4h
The prime minister won’t cut spending — here’s how I’m cutting mineFT · 4h
US Republicans revolt against Flock AI surveillance as tech backlash intensifiesFT · 4h
The benefits of being an accidental prepperFT · 4h
The repo market is the ‘dark matter’ of finance: powerful and perilousFT · 4h
EU counterterror envoy urges pressure on social platforms over youth extremismFT · 4h
AI boom reverses the trend of ever-cheaper electronicsFT · 4h
Scotland has a whisky problemFT · 4h
It’s the Hottest Brand of the Summer—and It’s Popping Up EverywhereWSJ · 7h
Former Labor Secretary Oversaw a ‘Toxic, Intimidating’ Workplace, Report FindsWSJ · 8h
The Heart Drug Pelacarsen Fails, Shocking Novartis and CardiologistsNYT · 9h
Robust Hiring Reinforces Strength of the U.S. EconomyNYT · 10h
Which Investors Will Get Rich From Anthropic’s IPO?NYT · 11h
Opinion | ABC vs. Trump and the Broadcasters’ Free-Speech SelloutWSJ · 11h
Opinion | Our Crystal Ball and Trump’s Oil DealWSJ · 11h
Energy & Utilities Roundup: Market TalkWSJ · 11h
Democrats Criticize Fetterman After WSJ Report on How He Spends His TimeWSJ · 12h
Opinion | BlackRock Casts a Vote of Confidence in TexasWSJ · 12h
Anthropic close to awarding Morgan Stanley and Goldman top roles in $2tn IPOFT · 13h
Trump Threatens to Halt Some Trade Unless the Fed Cuts RatesNYT · 13h
Record Fuel Prices Pose Fresh Challenge for Trump Ahead of MidtermsWSJ · 13h
How Gloria Steinem and Ms. Magazine Transformed the Publishing IndustryNYT · 14h
Prosecutors seize €65mn from McKinsey in French tax fraud probeFT · 14h
Tesla’s Cybercab Is Being Investigated by Federal RegulatorsNYT · 14h

The National Highway Traffic Safety Administration announced it will examine whether Tesla’s new self‑driving taxi, known as the Cybercab and designed without a steering wheel, complies with federal auto regulations. The agency said the review will assess whether the vehicle meets the standards that apply to motor vehicles under current law. No determination has been made regarding the Cybercab’s compliance at this stage. The investigation is part of the agency’s broader oversight of emerging vehicle technologies. Officials said the inquiry will consider safety features and compliance testing procedures.

Betaworks Scores With Hugging Face DealWSJ · 14h
Iran War Helps to Drive U.S. Diesel Prices to New HighNYT · 15h
‘Clear’ breaches of rules by Reform UK pollster, says industry bodyFT · 15h
Maybe Northampton *is* an emerging marketFT · 15h
Maria Bartiromo Out at Fox NewsWSJ · 15h
Maria Bartiromo Out at Fox NewsWSJ · 15h
Volkswagen’s Peace Deal With Unions Sets Up Fresh Battles to ComeWSJ · 15h
John Ternus, Apple’s new ‘wicked calm’ CEOFT · 15h
Why Berkshire Hathaway might be an active hedgeFT · 15h
Directors’ Deals: Lloyds’ CFO banks £10mn through share salesFT · 15h
Notre Dame’s Jersey Patch Deal With SoFi Divides Alumni and FansNYT · 16h
What to know about the report.NYT · 16h
Health Care Roundup: Market TalkWSJ · 16h
How VW’s boss secured a shock victory in battle to reshape carmakerFT · 17h
Howard Lutnick Made Over $250 Million Last YearWSJ · 17h
The U.S. Wants the Oil From These 17 Venezuelan FieldsNYT · 17h
Are credit rating agencies getting fed up with hyperscalers?FT · 17h
Venezuela’s jumbo oil deal does little to appease its creditorsFT · 18h
Opinion | Timber! Goes the Tree Market When Government IntervenesWSJ · 18h
NHTSA Opens Probe Into Tesla’s Cybercab RolloutWSJ · 19h
NHTSA Opens Probe Into Tesla’s Cybercab RolloutWSJ · 19h
Andrew Bailey warns of populist threat to central bank independenceFT · 19h
The Sisterhood of the Traveling Brand SponsorshipsWSJ · 19h
The Pros and Cons of Paying Off Your Mortgage EarlyNYT · 19h
Musk’s Boring Co. Pushes Investors for Recruiting, Business HelpWSJ · 20h
Tesla Begins Offering Rides in a Car Without a Steering WheelNYT · 20h
EQT to Buy Insurance Broker McGill in $2 Billion DealWSJ · 20h
Tesla-Challenging EV Truck Startup Windrose Loses Most of Chinese StaffWSJ · 20h
Big Tech Can Build Data Centers People Won’t HateWSJ · 20h
French Founders of Hugging Face Live the American DreamWSJ · 21h
Volkswagen Aims to Revive U.S. BusinessWSJ · 21h
Trump’s Iran war sends US diesel prices to record highFT · 21h
EQT strikes $2bn deal for insurance broker McGillFT · 21h
UK set to approve Jackdaw gasfield within weeksFT · 21h
Lord Somerleyton: ‘I’m offering a £10mn stake in my family’s historic estate’FT · 21h
The Morning Risk Report: Bernie, AOC and Bannon All Want to Fight Data CentersWSJ · 21h
The ‘Revealing’ Lesson Paris Baguette’s CEO Learned EarlyWSJ · 22h
The jobs report could influence a shaky bond market.NYT · 22h
The job market in 2035: More nurses, fewer secretaries.NYT · 22h
Starbucks Refreshed Its Menu. Chai Fans Are Losing Their Minds.WSJ · 23h
The American Dream Is Alive. And It’s Minting Millionaires.WSJ · 23h
U.S. Retail Diesel Prices Hit Record High as Global Supply TightensWSJ · 23h
The Bond Markets Are Pushing Up Rates. Will Central Banks Follow?NYT · 23h
Wineries Are Offering Bingo, Picnics, Jewelry … and Sometimes WineNYT · 23h

Markets & Economy

Leonardo CEO Mariani Sees Ukraine Unit as Acquisition OutpostBBG · 42m
Philippines’ VP Duterte Posts Bail, Says She Fears for Her LifeBBG · 48m
Europe’s Wealth Managers Are Turning Their Backs on Stock RallyBBG · 52m
A Bond Crisis Is When Central Banks Step In, Scope Ratings SaysBBG · 1h
Malaysia’s PAS Party Wants Nationwide Gambling License ReviewBBG · 3h
Switzerland’s Startup Factory Wrestles With Europe’s Funding GapBBG · 3h
Jefferies fund caught with $500mn exposure to second alleged invoice fraudFT · 4h
The gloves are starting to come off in marketsFT · 4h
The repo market is the ‘dark matter’ of finance: powerful and perilousFT · 4h
HK’s Lee Says City to Expand Offshore Yuan Usage in 5-Year PlanBBG · 6h
For Many Individual Traders, Prediction Markets Are Hot—and Crypto Is NotWSJ · 6h
Bloom Energy, Illumina, Everpure to Join S&P 500 This MonthBBG · 11h
WSJ Dollar Index Falls 0.68% This Week to 95.24WSJ · 11h

The WSJ Dollar Index edged higher, trading just above flat after a rally tied to recent job numbers. The modest gain followed the earlier advance linked to the employment data.

U.S. Stocks Fall as Robust August Jobs Data Spurs Yields, Rate-Hike BetsWSJ · 11h
Energy & Utilities Roundup: Market TalkWSJ · 11h
Auto & Transport Roundup: Market TalkWSJ · 11h
Rates Climb, Stocks Dip After Strong U.S. Jobs DataWSJ · 11h
Basic Materials Roundup: Market TalkWSJ · 11h
Tech, Media & Telecom Roundup: Market TalkWSJ · 11h
Acuerdo de Trump con Venezuela inquieta a petroleras de EE.UU.BBG · 12h
S&P Downgrades Senegal After Government Unveils Debt ReworkBBG · 12h
Hedge Funds Hike Bullish Oil Bets to May High as Iran War FlaresBBG · 12h
Lutnick to Review Pentagon Deals Involving Cerberus CompaniesBBG · 12h
Wall Street Risk Complex Defies Rate Threat After Jobs DataBBG · 12h
Algorithm Research CEO on Interest Rates ExpectationsBBG · 12h
Honey Deuces, Tickets, Merch: US Open SpendingBBG · 12h
Stocks Fall After Hot Jobs ReportWSJ · 12h
Parents Push Teens to Start Investing Earlier Than They DidBBG · 12h
Heinekin Highlights Nonalcoholic Beer, Serena Williams in US Open PartnershipBBG · 12h
Oil Futures Post Weekly Gains on Middle East EscalationWSJ · 12h
Opinion | BlackRock Casts a Vote of Confidence in TexasWSJ · 12h
Anthropic close to awarding Morgan Stanley and Goldman top roles in $2tn IPOFT · 13h
U.S. Natural Gas Futures Gain Ahead of Long WeekendWSJ · 13h
Record Fuel Prices Pose Fresh Challenge for Trump Ahead of MidtermsWSJ · 13h
Brazil Sees Double-Digit Export Jump to US Despite Trump TariffsBBG · 14h
Bessent Sees Oil as Low as $40 Post-Iran War, Lower YieldsBBG · 14h
Gold, Silver Futures Slip on Blowout Jobs ReportWSJ · 14h
U.S. Stocks Slip, Short-Term Treasury Yields Climb After Strong Jobs ReportWSJ · 14h
Why Berkshire Hathaway might be an active hedgeFT · 15h
Fed’s Hammack Says It’s Time to Act to Bring Down InflationBBG · 16h
Health Care Roundup: Market TalkWSJ · 16h
Fed Rate Decision Still Hangs on Inflation After Jobs ReportBBG · 17h
Are credit rating agencies getting fed up with hyperscalers?FT · 17h
Pulte’s Rewewed Attack on Credit Bureaus Sends FICO PlungingBBG · 18h
Venezuela’s jumbo oil deal does little to appease its creditorsFT · 18h
US Jobs Report August 2026: Key Takeaways on Employment, PayrollsBBG · 19h
Moretti: Lula puede mejorar las cuentas de Brasil sin fuertes recortesBBG · 19h
You’re Not Tough Enough to Earn These Huge ReturnsWSJ · 19h
US Adds 162,000 Jobs, Topping All Estimates in Broad AdvanceBBG · 20h
Canada Loses 41,700 Jobs as Employment Shrinks in FinanceBBG · 20h
Aviva Investors Boosts Gilts Bet as Yield Surge Caps UK SpendingBBG · 20h
Japan’s vital link between Bessent, Takaichi and marketsFT · 20h
S&P 500 Ends Week Flat as Strong Jobs Growth Fuels Fed-Hike BetsBBG · 21h
US Jobs Report August 2026: Live News on Employment, PayrollsBBG · 21h
World Bank Warns Zimbabwe Against Rush to Make ZiG Sole CurrencyBBG · 21h
Trump’s Iran war sends US diesel prices to record highFT · 21h
EQT strikes $2bn deal for insurance broker McGillFT · 21h
Irish Second-Quarter Growth Topped 10%, Could Boost Euro ZoneBBG · 21h
UK set to approve Jackdaw gasfield within weeksFT · 21h
Fear not the bond market skinny dippersFT · 21h
The AI Data Center Boom Isn’t Big Enough to Avert US Construction SlumpBBG · 21h
Record Labor Day Gas Prices Punctuate Worsening Fuel CrisisBBG · 22h
‘Nothing But Headaches’: Vermont Businesses Decry Canada TariffsBBG · 22h
Higher Bond Yields Have a Silver LiningWSJ · 22h
Food Prices Rose in August as Supply Risks Mounted, U.N. SaysWSJ · 23h
BOE Governor Bailey Warns of ‘Serious Challenge’ From PopulismBBG · 23h
The Cancer Vaccine Gold Rush Has Begun. So Has the Race for Picks and Shovels.WSJ · 23h
How to Play the Retirement Tax Guessing GameWSJ · 23h

Tech

Uber picks a side in driver vs robotaxi wars: its ownFT · 4h
‘In search of a better time’: a Gen Z response to digital slopFT · 4h
US Republicans revolt against Flock AI surveillance as tech backlash intensifiesFT · 4h
Gadgets to get you off your phoneFT · 4h
EU counterterror envoy urges pressure on social platforms over youth extremismFT · 4h
AI boom reverses the trend of ever-cheaper electronicsFT · 4h
Anthropic close to awarding Morgan Stanley and Goldman top roles in $2tn IPOFT · 13h
Betaworks Scores With Hugging Face DealWSJ · 14h
John Ternus, Apple’s new ‘wicked calm’ CEOFT · 15h
Computer Makers Are Selling Fewer PCs at Higher Prices. So Far, It’s WorkingWSJ · 15h
The 33-Year-Old AI Hotshot Taking Silicon Valley Swagger Back to BeijingWSJ · 16h
The 33-Year-Old AI Hotshot Taking Silicon Valley Swagger Back to BeijingWSJ · 16h
Russian drone strikes Ukraine’s security service headquartersFT · 16h
Can a $499 AI Toothbrush Finally Make You Forget About Flossing?WSJ · 16h
Are credit rating agencies getting fed up with hyperscalers?FT · 17h
Drugmakers Halt Autoimmune Trials After Deaths, Life-Threatening Side EffectsWSJ · 19h
Yes, We’re Entering the Era of Artificial General IntelligenceWSJ · 19h
The ‘Deeply Nerdy’ Founders Behind Nvidia’s $13 Billion Bet on Hugging FaceWSJ · 19h
The ‘Deeply Nerdy’ Founders Behind Nvidia’s $13 Billion Bet on Hugging FaceWSJ · 19h
Musk’s Boring Co. Pushes Investors for Recruiting, Business HelpWSJ · 20h
Musk’s Boring Co. Pushes Investors for Recruiting, Business HelpWSJ · 20h
Big Tech Can Build Data Centers People Won’t HateWSJ · 20h
Tesla-Challenging EV Truck Startup Windrose Loses Most of Chinese StaffWSJ · 20h
Big Tech Can Build Data Centers People Won’t HateWSJ · 20h
U.S. Steps Up Civil Cyber-Fraud CasesWSJ · 21h
The best new tech for petsFT · 22h
Will the ‘glassholes’ finally win?FT · 22h
The Cancer Vaccine Gold Rush Has Begun. So Has the Race for Picks and Shovels.WSJ · 23h

Deal Flow

M&A / Strategic

Contract manufacturer Flex will acquire power conversion systems maker EPC Power in a $4.4B deal22h
Diversified Energy agreed to acquire Elliott-backed O&G company Birch Resources in a $1.8B deal22h
Samsung Fire and Marine Insurance and Samsung Life ⁠Insurance will acquire 90% of UK reinsurance company Canopius by buying an additional 50% stake for $1.5B from Centerbridge Partners22h
Shell and Chevron signed non-binding agreements for the acquisition of production rights over Ghana's South Deepwater Tano Cape Three Points block22h
TSG Consumer made a strategic investment in iconic NYC taco chain Los Tacos No. 122h
US family holding company Friedkin Group is exploring a stake sale in UK soccer club Everton FC just two years after acquiring the club22h
Thai state-owned O&G firm PTT is considering bringing in strategic partners for for its Taiwan-listed Lotus Pharmaceutical22h

VC

Robotics startup Figure raised an undisclosed investment from AI cloud firm Nscale as part of a $3.5B compute deal22h
Enterprise AI platform Wonderful raised a $550M Series C at a $5B valuation led by Insight Partners22h
Thyme Care, an oncology navigation startup, raised a $125M Series E at a $2B+ valuation led by Morgan Health22h
Immediate, an earned wage access and financial wellness platform, raised a $13M Series B led by BankTech Ventures22h

IPOs / Listings / Issuances / Block Trades

Vietnam's EV taxi firm Green & Smart Mobility is weighing expanding in US ahead of a planned Hong Kong IPO which could fetch a $20B valuation22h
UK AI cloud firm Nscale has $103B of total contracted revenue ahead of its $3B US IPO22h
Swedish smart ring maker Oura Health filed for a US IPO to raise $3B at a $16B valuation22h
Pet food platform Golden Pet Brands hired banks for an IPO that could fetch a $1B valuation22h
Chinese chipmaker Longsys priced its $780M Hong Kong listing below the top end of the marketed range at a 44% discount to its China trading22h
Olympus-backed data center infrastructure firm Accelevation filed for an IPO22h
Crypto exchange Kraken delayed its IPO until Q2 next year22h

Debt

Anthropic is set to expand its revolving credit facility to $15B ahead of its IPO22h
Pakistan raised a record $3B in international high-yield bond markets after securing credit rating upgrades22h
A unit of Indian conglomerate Aditya Birla Group raised $2.5B in commitments from four banks to finance its acquisition of Shell's Indian renewable energy unit Solenergi Power22h
Public Storage is looking to raise $360M in a debut Canadian bond sale22h
Silver Lake and Related Companies-backed luxury gym chain Equinox is in advanced talks with for a cash infusion and refinancing to reduce debt and fund expansion22h

Bankruptcy / Restructuring / Distressed

EQT-backed French medical diagnostics firm Cerba Healthcare filed for a court-supervised restructuring in France to tackle its $5.8B debt pile22h
Air India is close to securing $1.1B in financial aid from owners Tata Sons and Singapore Airlines22h

Funds / Secondaries

CVC raised $10B for its sixth and largest PE secondaries fund22h
Swish Ventures, the VC firm of Israel's first NBA player Omri Casspi, raised $250M for its third fund22h

Reforma

Pide Sheinbaum a FGR informar sobre muerte de ZenyazenNacional · 7h
Matan a dos hermanos y balean a bebé en su casa en MichoacánNacional · 7h
Ya arrastraba mala fama comedor de HGM, acusan residentesPortada · 9h
Hallan muerto a síndico de Tepuche tras rapto en CuliacánPortada · 11h
Frena Morena elevar el IEPSPortada · 21h

En la Cámara de Diputados, el partido Morena presentó una iniciativa que revierte el aumento del impuesto especial sobre producción y servicios (IEPS) que había sido propuesto para bebidas alcohólicas y productos con alto contenido de sodio, como las frituras. La medida, impulsada por legisladores de Morena en San Lázaro, detiene la escalada del gravamen que se pretendía aplicar a esos sectores. Con la reversa, se mantiene el nivel actual del IEPS para los artículos mencionados.

Hacen de Sectur botín familiarPortada · 21h
Hermano de Secretaria de Turismo promueve peleas de gallosPortada · 21h