news

Tuesday, September 1

World

US launches further strikes on Iran as conflict flares upFT · 44m
The Thai Town Hosting the USS Abraham Lincoln After a Grueling DeploymentWSJ · 49m
U.S. Targets Iran in Fresh Wave of StrikesWSJ · 53m
Germany Blames Russia for Explosive Drones Sent to Leipzig AirportWSJ · 1h
Burnham promises to ‘bring back hope’ in first Commons appearance as PMFT · 1h
Zambian president inaugurated after election violenceFT · 1h
Germany blames Russia for Leipzig drone attackFT · 1h
GoPro: a totally normal, unremarkable piece of merger activityFT · 1h
Governments should heed the bond market’s warningFT · 1h
IMF agrees $2.2bn bailout for SenegalFT · 1h
Global bond sell-off deepens amid inflation fearsFT · 2h
Politics keeps European stocks in America’s shadowFT · 2h
Opinion | Putin Is Testing NATO in a Roundabout WayWSJ · 3h
America can’t win the AI race if the rollout lacks public supportFT · 3h
Opinion | Don’t Rename Lake OntarioWSJ · 3h
The Wartime ‘Coffin Money’ Transforming Russia’s Poorest RegionsWSJ · 3h
Action camera maker GoPro to be acquired after decade-long declineFT · 3h
Summer 2026 was the hottest since records began in 1884, Met Office saysFT · 4h
Best Car Insurance Companies of 2026WSJ · 4h
Two Tankers Attacked on Midnight Run Through HormuzWSJ · 4h
Trump touts data centre build-out despite voter backlashFT · 6h
Trump summons US refiners as Iran war pushes up fuel pricesFT · 6h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 6h
Saudi and South Korean oil tankers hit in Strait of HormuzFT · 7h
Far-right Restore Britain receives £500,000 from tech entrepreneurFT · 7h

The far‑right party Restore Britain has received a £500,000 donation from a technology entrepreneur, according to sources. The influx of funds highlights the group’s growing profile as a nativist upstart that is beginning to attract attention for its potential to draw voters away from Nigel Farage’s Reform UK. Analysts note that the financial boost could enable Restore Britain to expand its campaigning activities and increase its visibility ahead of upcoming elections. The development underscores a shifting dynamic within the UK’s right‑wing political landscape, as newer factions seek to challenge established parties for electoral support.

Bank of Canada Expected to Remain On Hold as Trade Conflict With U.S. EscalatesWSJ · 7h
Warsh clears up his own mess, but US credibility is still stretchedFT · 7h
Keir Starmer to stand down as MPFT · 7h
ECB to raise rates again amid higher Eurozone inflationFT · 7h
Thames Water should go into administration, says senior Tory MPFT · 7h
Elliott builds stake in French industrial gas group Air LiquideFT · 8h
A Food Crawl in Taiwan Finds Chinese Tradition Without the SpectacleWSJ · 8h
Bond rout raises spectre of Budget tax risesFT · 8h
Can Democrats seize Congress from Trump?FT · 8h
Ukraine eases tensions with Poland over second world war exhumationsFT · 8h
Inflation and interest rates tracker: see how your country comparesFT · 9h
These Americans Went to Nepal on a Spiritual Journey. Now They Are Missing.WSJ · 9h
Two U.S. Foes Join Forces—and Threaten to Further Destabilize the Middle EastWSJ · 9h
Londoners Are Stewing Over Supercar Tourists Who Park Wherever They WantWSJ · 9h
The Ukraine Drones That Are Carrying a Bigger Punch, Deeper Into RussiaWSJ · 16h
Washington’s Deadly New Headache: an al Qaeda-Houthi Terrorist AllianceWSJ · 18h
Mine Warfare With Iran Hampers U.S. Efforts to Win Control of HormuzWSJ · 18h
How a Brazilian Billionaire Helped Shape Trump’s Beef Import PlanWSJ · 19h

Brazilian billionaire Joesley Batista met President Donald Trump in the Oval Office. A day after the meeting, Trump announced a plan to waive tariffs on beef imports. The proposal provoked anger among U.S. farmers and ranchers.

Opinion | Chuck Schumer and Hasan PikerWSJ · 21h

An opinion column titled “Chuck Schumer and Hasan Piker” notes a connection between the Senate majority leader and the online commentator. The piece points to a friend of former Michigan health official Abdul El‑Sayed as a potential factor that could jeopardize a Democratic Senate seat. The article asks the senator for comment.

Opinion | Taiwan’s Drone RealismWSJ · 21h
Opinion | A Realistic Look at the Iran WarWSJ · 21h
Bessent Criticizes Canada as Global Summit Shows DivisionsWSJ · 22h

Business

The Airline CEO Filling a Spirit-Sized Hole in the MarketWSJ · 4m
At G20 Summit, Scott Bessent Says U.S. Has Support for Economic War Against IranNYT · 12m
Two More Oil Tankers Are Attacked in the Strait of HormuzNYT · 27m
Bond Sell-Off Threatens to Squeeze Borrowers Around the WorldNYT · 30m
David Ellison Is Promising at Least 30 Movies a Year. Hollywood Is Skeptical.WSJ · 1h
What to Know About Venezuelan Energy Following Trump’s Oil DealNYT · 1h
Nestle Inks $1 Billion Deal to Sell Health-Supplements Brands to Private Equity FirmWSJ · 1h
Germany blames Russia for Leipzig drone attackFT · 1h
GoPro: a totally normal, unremarkable piece of merger activityFT · 1h
Ozempic Maker Novo Nordisk’s Investors Are Nervously Looking Into the FutureNYT · 1h
Energy & Utilities Roundup: Market TalkWSJ · 2h
How the Pentagon Is Getting Into the Venezuelan Oil Business Under TrumpNYT · 2h
America can’t win the AI race if the rollout lacks public supportFT · 3h
Action camera maker GoPro to be acquired after decade-long declineFT · 3h
James Dyson Sold Us on a $400 Hair Dryer. Now He’s Trying a $499 Toothbrush.WSJ · 3h
A Half-Price Luxury E.V. Comes With a Big AsteriskNYT · 4h

Current incentives have reduced the effective price of the Polestar 4 by roughly fifty percent, prompting analysts to label the deal as a bargain relative to competing luxury EVs. The price cut stems from federal and state tax credits, dealer rebates and promotional financing, which together halve the sticker price. While the vehicle itself receives praise for its solid build and performance, the manufacturer, a Chinese‑owned brand, is confronting regulatory actions that are compelling it to withdraw from the United States market. Industry observers note that the discount may not offset the broader challenges the brand faces in securing a foothold amid heightened scrutiny of Chinese‑owned automotive firms.

Satsuki Katayama, the Woman at the Center of Japan’s Currency FightNYT · 4h
Finding the Gap in Crowded CategoriesWSJ · 5h
Swiss finance minister hits out at move to water down UBS capital plansFT · 6h
Trump summons US refiners as Iran war pushes up fuel pricesFT · 6h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 6h
Gap Pushes Into the Lucrative Accessory Business With New HandbagsWSJ · 6h
China’s NIO Narrows Loss on EV Sales Growth, Expects Volume PickupWSJ · 6h
Frasers Targets Majority Ownership in Hugo Boss, Weighs Support for ChairWSJ · 6h
Saudi and South Korean oil tankers hit in Strait of HormuzFT · 7h
SB Energy Files for IPO With Nvidia BackingWSJ · 7h
Medtronic Lifts Outlook, Invests Over $700 Million in Heart Tech & RoboticsWSJ · 7h
Why Andy Burnham should say: Jackdaw yes, Rosebank noFT · 7h
Thames Water should go into administration, says senior Tory MPFT · 7h
Companies Slash Consumer Choice to Save on Import CostsWSJ · 7h
EY Has New Incentive Plan. ‘Human’ Skills Wanted; SEC Scrutinizing SPVsWSJ · 8h
Elliott builds stake in French industrial gas group Air LiquideFT · 8h
Shein’s unhappy IPOFT · 8h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 8h
IKEA Cuts Prices Across Europe as Cost of Living Pressures PersistWSJ · 8h
The Gas-Station Chain That Is Eating Domino’s LunchWSJ · 8h
When is an engineer not an engineer?FT · 9h
Fervo Secures Its Largest-Ever Geothermal Power Deal, With GoogleWSJ · 9h

Fervo announced that it has secured its largest‑ever geothermal power agreement, partnering with Google on the project. The deal marks a significant milestone for the company, which counts Bill Gates among its early investors. Fervo went public in May, drawing attention with a high‑profile initial public offering that highlighted its ambitions in renewable energy. The new partnership with Google is expected to expand the firm’s presence in the geothermal sector, although specific details of the agreement were not disclosed.

Europe Protests as U.S. Invites Russian Minister to G20 Finance MeetingNYT · 9h
‘Off the Sidelines’—Lowe’s CEO Marshals Skilled Workers CoalitionWSJ · 9h
FirstFT: Global bond sell-off deepensFT · 9h
Two U.S. Foes Join Forces—and Threaten to Further Destabilize the Middle EastWSJ · 9h
Shein Makes Ho-Hum Market Debut After Years of Geopolitical DramaWSJ · 9h
Jersey Mike’s Is Winning the Sandwich War. It Still Needs to Win Over Gen Z.WSJ · 9h
Retailers Ditch Variety to Beat Supply-Chain Costs and TariffsWSJ · 9h
Private equity firms snap up more London-listed companiesFT · 9h
Shein shares slide as much as 10% in Hong Kong debutFT · 10h

Shein, the fast‑fashion retailer, completed its long‑delayed initial public offering on the Hong Kong Stock Exchange, but the stock fell about 10 percent on its first day of trading. Analysts noted that the listing came at a valuation many observers described as “bargain‑basement,” reflecting concerns over trade and regulatory risks. The share‑price slide marked a muted start for the company’s long‑awaited market debut.

Partners Group replaces chief as fund redemptions weigh on sharesFT · 10h
Shein’s Lackluster Debut Shows a Fast-Fashion Model Left BehindNYT · 10h
Swiss Life to Cut Around 600 Positions by the End of 2028WSJ · 10h

Swiss Life announced that it will reduce its workforce by roughly 600 jobs by the close of 2028. The company says the reductions will be carried out mainly through natural attrition rather than outright layoffs. Approximately half of the cuts are slated to occur within its Swiss operations, while the remaining positions will be eliminated from its asset‑management activities abroad. Swiss Life did not provide further detail on the timing or specific functions affected by the plan.

Jollibee Eyes Hong Kong as Listing Venue for Overseas ArmWSJ · 11h
How Aston Martin’s latest financing sparked a bondholder revoltFT · 11h

Aston Martin’s recent financing arrangement with BlackRock‑owned credit firm HPS has triggered a revolt among the carmaker’s bondholders. Critics of the deal argue it places undue risk on existing debt holders and could undermine the company’s financial stability. The disagreement has escalated into a high‑stakes legal battle, with bondholders seeking to challenge the terms of the financing and protect their interests. The dispute highlights tensions between luxury‑automaker financing strategies and the expectations of investors holding its bonds.

Ikea cuts prices in Europe by €1.2bn to counter cost of living crisisFT · 12h
LSE prepares to launch tokenised stocks in digital markets pushFT · 12h
Best Small-Business Loans in September 2026WSJ · 15h
Apple’s new boss starts out asset-light and option-richFT · 15h

Apple’s new chief executive, John Ternus, begins his tenure with an asset‑light strategy and a portfolio rich in options. According to the publisher’s summary, the greatest asset he inherits is “optionality.”

A bankruptcy brawl on the golf courseFT · 15h

LIV Golf is reportedly considering filing for Chapter 11 bankruptcy protection as early as next week. The potential filing would mark a significant development for the professional golf circuit, which has faced ongoing financial and legal challenges. No further details about the timing or terms of a filing have been released.

The pitfalls in Trump’s Venezuela oil playFT · 15h
The Meta settlement is regulation by enforcementFT · 15h
Natural disasters set to cost the world $450bn a yearFT · 15h
Big banks want a cut of lawyers’ AI savingsFT · 15h
Best Business Debt Consolidation Loans in September 2026WSJ · 15h
How Amazon’s ‘Secret’ Ad Pricing System Worked, According to the FTCWSJ · 16h
Trump Administration Steps Up Immigration Crackdown on Truck DriversWSJ · 17h
Who Pays for Wildfire Damage? California Can’t AgreeWSJ · 18h
How Aperol Built a $900 Million Global Brand Around the SpritzWSJ · 18h
Expedia Fights Off Claim for Damages by Cuban Exile FamiliesNYT · 19h
Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for PolymarketNYT · 19h
Anthropic Signs $35 Billion Cloud Deal Backed by NvidiaWSJ · 19h
UPS Rejiggers Operating Model, Names Chief Global Operations OfficerWSJ · 20h
IRS Audit Revenue Has Plummeted Under Trump, Watchdog FindsNYT · 20h
Shein Had 4.4 Billion Reasons to Speed Its IPO AlongWSJ · 21h

Shein completed an initial public offering in Hong Kong this week. The listing allowed the fast‑fashion retailer to avoid paying out billions of dollars to early investors. The company said it had 4.4 billion reasons to accelerate the IPO.

FTC Sues Amazon, Alleging It Deceived Advertisers and Drove Up PricesWSJ · 21h
Opinion | The Data Center Panic and U.S. DeclineWSJ · 21h
Opinion | You Need to Invest in AI, but Don’t Expect a ReturnWSJ · 21h
Auto & Transport Roundup: Market TalkWSJ · 22h
Trump’s Venezuelan Oil Company Plans Massive Drilling PushWSJ · 22h
Trump’s Venezuelan Oil Company Plans Massive Drilling PushWSJ · 22h
Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime BanWSJ · 23h
Global Oil Price Rises to $90 a Barrel After U.S. and Iran Trade AttacksNYT · 23h

Markets & Economy

European Gas Futures Rise to Highest Since 2023 on Iran WarBBG · 4m
Gold Extends Decline on Higher Bond Yields, Oil PricesWSJ · 4m
Bitcoin ETF Buyers Return as $80,000 Level Tests Market RallyBBG · 12m
U.S. Stocks Fall as Oil Surges After New Middle East StrikesWSJ · 17m
SEC Preps Plan to Widen Investor Access to Private MarketsBBG · 30m
Trump Iran Messaging 'Extremely Reckless,' Says Rep. Madeleine DeanBBG · 37m
US launches further strikes on Iran as conflict flares upFT · 44m
Finland Narrows Deficit in 2027 Budget as Economy RecoversBBG · 1h
Why Government Bond Yields Are Rising and Causing AlarmBBG · 1h
Nestle Inks $1 Billion Deal to Sell Health-Supplements Brands to Private Equity FirmWSJ · 1h
Oil Adds to Gains As U.S. Conducts More Strikes Against IranWSJ · 1h
Governments should heed the bond market’s warningFT · 1h
IMF agrees $2.2bn bailout for SenegalFT · 1h
US Strikes Targets in Iran Around Strait of HormuzBBG · 1h
Global Bond Rout Sends Yields Soaring | Open Interest 9/1/2026BBG · 2h
Bessent Suggests Backing for BOJ Action in Meeting With UedaBBG · 2h
Fortress’s Burton Says Rates Still Poised to Go HigherBBG · 2h
Global bond sell-off deepens amid inflation fearsFT · 2h
Politics keeps European stocks in America’s shadowFT · 2h
Auto & Transport Roundup: Market TalkWSJ · 2h
Energy & Utilities Roundup: Market TalkWSJ · 2h
Oil Prices Push Global Bond Market Closer to the EdgeWSJ · 2h
Basic Materials Roundup: Market TalkWSJ · 2h
Bond Market Selloff: Are Surging Yields a Threat to the Global Stock Rally?BBG · 2h
Opinion | The FHA Protects Taxpayers and HomeownersWSJ · 3h
Oil Prices Spike as US Retaliates for Attacks by IranBBG · 3h
Italy’s League Faces Northern Split as National Future SurgesBBG · 3h
Carney Says Trade Talks Can Resume If US Stops ‘Throwing Shade’BBG · 3h
Wells Fargo Analysts Join JPMorgan Traders in Turning Cautious on US StocksBBG · 3h
Bond Yields Around the World Soar in Challenge to Government BorrowingWSJ · 3h
Senegal to Rework Debt as It Reaches New IMF DealBBG · 3h
These Banks Are Banding Together to Launch a StablecoinWSJ · 3h
Peru Inflation Just Tops Estimate to Hit Fastest Since 2023BBG · 4h
US Job Openings Edge Higher in Sign of Stable Labor DemandBBG · 5h
Dell, HP Enterprise Need Earnings to Validate Record Stock RunsBBG · 5h
US Factory Gauge Eases But Holds Close to Four-Year HighBBG · 5h
U.S. Natural Gas Futures Give Back GainsWSJ · 5h
ECB’s September Hike Won’t Be Enough, Simkus Tells EconostreamBBG · 5h
ECB’s Nagel Says Slowdown in Underlying Inflation Is Good NewsBBG · 5h
Nasdaq 100 Drops as Traders Assess Oil Spike, Bond JittersBBG · 5h
Israel Cuts Interest Rates for Third Consecutive MeetingBBG · 5h
Fed’s Barr Says Higher Rates Needed If Inflation Doesn’t CoolBBG · 6h
Trump summons US refiners as Iran war pushes up fuel pricesFT · 6h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 6h
Chile Economic Activity Posts Biggest Monthly Drop Since 2022BBG · 6h
Dollar Shows Muted Reaction Following Warsh’s Speech on FridayWSJ · 6h

LGT Private Banking Asia said the medium‑term outlook for the Korean won appears constructive. The statement reflects the bank’s assessment of the currency’s prospects over the coming period. No further details were provided.

Brazil Economy Loses Steam as High Rates Bite Before VoteBBG · 6h
Saudi and South Korean oil tankers hit in Strait of HormuzFT · 7h
London Stock Exchange Plans Tokenized TradingWSJ · 7h
Why Andy Burnham should say: Jackdaw yes, Rosebank noFT · 7h
Shein’s unhappy IPOFT · 8h
China Latest: Beijing Revamps Home-Sales System That Worsened Its MeltdownBBG · 8h
China’s Manufacturing Strength and AIBBG · 8h
How to understand the current puzzle in bonds and equitiesFT · 8h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 8h
Bond rout raises spectre of Budget tax risesFT · 8h
Africa Faces El Niño With Less Room to Weather Shock, IIF SaysBBG · 8h
The Gas-Station Chain That Is Eating Domino’s LunchWSJ · 8h
Bank of Canada Set to Hold as Trade War Creates New Dilemma for Tiff MacklemBBG · 8h
Jersey Mike’s Is Winning the Sandwich War. It Still Needs to Win Over Gen Z.WSJ · 9h
Private equity firms snap up more London-listed companiesFT · 9h
Bond Slide Spreads to Emerging Markets on Fed Rate-Hike BetsBBG · 9h
Shein shares slide as much as 10% in Hong Kong debutFT · 10h

Shein, the fast‑fashion retailer, completed its long‑delayed initial public offering on the Hong Kong Stock Exchange, but the stock fell about 10 percent on its first day of trading. Analysts noted that the listing came at a valuation many observers described as “bargain‑basement,” reflecting concerns over trade and regulatory risks. The share‑price slide marked a muted start for the company’s long‑awaited market debut.

Euro-Zone Inflation Jumps to Highest in Almost Three YearsBBG · 10h
Fewest UK Mortgages Approved Since the Start of 2024BBG · 10h
Partners Group replaces chief as fund redemptions weigh on sharesFT · 10h
Stock Market Today: Oil Surges After New Middle East StrikesWSJ · 10h
India’s Economy Grows Faster Than Expected at 7.8%BBG · 10h
Israel Faces Rate Dilemma as War Settles and Elections LoomBBG · 11h
European Equities Largely Lower Though AI Stocks GainWSJ · 11h

The Nikkei index slipped about 1.0%, with semiconductor‑related shares bearing the brunt of the fall. Traders cited renewed worries over the conflict in Iran and the prospect of higher energy prices as key factors weighing on sentiment. The broader market followed the chip sector’s decline, pulling Japanese equities lower despite otherwise mixed activity.

How Aston Martin’s latest financing sparked a bondholder revoltFT · 11h

Aston Martin’s recent financing arrangement with BlackRock‑owned credit firm HPS has triggered a revolt among the carmaker’s bondholders. Critics of the deal argue it places undue risk on existing debt holders and could undermine the company’s financial stability. The disagreement has escalated into a high‑stakes legal battle, with bondholders seeking to challenge the terms of the financing and protect their interests. The dispute highlights tensions between luxury‑automaker financing strategies and the expectations of investors holding its bonds.

LSE prepares to launch tokenised stocks in digital markets pushFT · 12h
Mozambican President Revokes Appointment of Central Bank ChiefBBG · 13h
More WarshologyFT · 13h
This time it really was differentFT · 14h
A bankruptcy brawl on the golf courseFT · 15h

LIV Golf is reportedly considering filing for Chapter 11 bankruptcy protection as early as next week. The potential filing would mark a significant development for the professional golf circuit, which has faced ongoing financial and legal challenges. No further details about the timing or terms of a filing have been released.

The pitfalls in Trump’s Venezuela oil playFT · 15h
Revolut’s mission to dominate bankingFT · 15h

Revolut, after years of effort to secure a banking licence, has finally obtained the authorization needed to operate as a full‑service bank. The fintech firm says its next step is to launch an “everything app” that would combine payments, savings, investments and other financial services in a single platform. By consolidating these functions, Revolut aims to challenge traditional banks and expand its presence in the broader financial‑services market.

How viable is Trump’s oil deal with Venezuela?FT · 15h
SEC Presses Investment Firms to Prove They Have Access to Shares in Hot StartupsWSJ · 19h
How a Brazilian Billionaire Helped Shape Trump’s Beef Import PlanWSJ · 19h
Gold Approaches Two-Week Low on Rising Yields, Fed Hike BetsBBG · 19h
Stocks, Bonds Fall as Oil Jumps on US-Iran Jitters: Markets WrapBBG · 21h
Latest Oil Market News and Analysis for Sept. 1BBG · 21h
Shein Had 4.4 Billion Reasons to Speed Its IPO AlongWSJ · 21h
The WSJ Dollar Index Falls 0.39% This Month to 95.72WSJ · 21h
U.S. Stocks Fall as Iran War Inflation Heats UpWSJ · 21h
Stocks Decline to End August as War Fears PersistWSJ · 22h
Financial Services Roundup: Market TalkWSJ · 22h
Donald Trump Jr.’s Fund Boosts Polymarket Investment by Around $300 MillionWSJ · 22h
Flaring Middle East Tensions Push Oil Prices UpWSJ · 22h
Trump says US will hit Iran ‘hard’ as conflict reignitesFT · 22h
US regulator claims Amazon manipulated advertising pricesFT · 22h

The Federal Trade Commission has filed a lawsuit against Amazon, alleging the e‑commerce company manipulated the prices of its advertising services. According to the regulator, Amazon overcharged roughly 1.2 million businesses that used the platform to promote their products. The FTC’s complaint says the pricing practices gave Amazon an unfair advantage in the online advertising market. Amazon has not yet commented publicly on the allegations. The case adds to ongoing scrutiny of major tech firms’ commercial practices.

Tech

AI hits college graduates in the heart of America’s data centre boomFT · 40m
GoPro: a totally normal, unremarkable piece of merger activityFT · 1h
Health Care Roundup: Market TalkWSJ · 2h
Tech, Media & Telecom Roundup: Market TalkWSJ · 2h
America can’t win the AI race if the rollout lacks public supportFT · 3h
Outrage Won’t Slow the AI Machine. Cold, Hard Cash Might.WSJ · 3h
Action camera maker GoPro to be acquired after decade-long declineFT · 3h
OpenAI Hits Back at Apple Lawsuit Claiming It Stole Trade SecretsWSJ · 3h
Novartis Pauses Autoimmune Cell Therapy Studies After DeathsWSJ · 4h
How Cloud Pioneer Box Is Evolving With AIWSJ · 5h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 8h
When is an engineer not an engineer?FT · 9h
Fervo Secures Its Largest-Ever Geothermal Power Deal, With GoogleWSJ · 9h
‘Off the Sidelines’—Lowe’s CEO Marshals Skilled Workers CoalitionWSJ · 9h
See the New Building Techniques Turbocharging the Data-Center BoomWSJ · 9h
See the New Building Techniques Turbocharging the Data-Center BoomWSJ · 9h
South Korea unveils record budget increase to cash in on AI boomFT · 13h
Apple’s new boss starts out asset-light and option-richFT · 15h

Apple’s new chief executive, John Ternus, begins his tenure with an asset‑light strategy and a portfolio rich in options. According to the publisher’s summary, the greatest asset he inherits is “optionality.”

A real-world trial for work in the age of AIFT · 15h
The Meta settlement is regulation by enforcementFT · 15h
Big banks want a cut of lawyers’ AI savingsFT · 15h
Illegal streaming costs UK £1.4bn a year, broadcasters and sports bodies warnFT · 15h
Call for entries: FT1000 Europe’s Fastest-Growing Companies 2027FT · 15h
Philanthropists love AI. Philanthropists hate AIFT · 15h
Business schools face demand for higher, ‘human’ skillsFT · 15h
How Amazon’s ‘Secret’ Ad Pricing System Worked, According to the FTCWSJ · 16h
Anthropic Signs $35 Billion Cloud Deal Backed by NvidiaWSJ · 19h
Anthropic Signs $35 Billion Cloud Deal Backed by NvidiaWSJ · 19h
FTC Sues Amazon, Alleging It Deceived Advertisers and Drove Up PricesWSJ · 21h
FTC Sues Amazon, Alleging It Deceived Advertisers and Drove Up PricesWSJ · 21h
Opinion | The Data Center Panic and U.S. DeclineWSJ · 21h
Trump’s Ballroom Construction Can Continue, Supreme Court SaysWSJ · 21h
Opinion | You Need to Invest in AI, but Don’t Expect a ReturnWSJ · 21h
US regulator claims Amazon manipulated advertising pricesFT · 22h

The Federal Trade Commission has filed a lawsuit against Amazon, alleging the e‑commerce company manipulated the prices of its advertising services. According to the regulator, Amazon overcharged roughly 1.2 million businesses that used the platform to promote their products. The FTC’s complaint says the pricing practices gave Amazon an unfair advantage in the online advertising market. Amazon has not yet commented publicly on the allegations. The case adds to ongoing scrutiny of major tech firms’ commercial practices.

Deal Flow

M&A / Strategic

Aon agreed to acquire insurance brokerage USI Insurance Services from KKR for $17B, including debt8h
Oil field services provider SLB agreed to acquire German cooling equipment maker Kelvion from Apollo in a $3.4B cash deal, including debt8h
Eli Lilly plans to buy Merida Biosciences for $2.9B cash to expand in autoimmune and allergic diseases8h

Eli Lilly announced plans to acquire Merida Biosciences in an all‑cash transaction valued at $2.9 billion. The deal, which would be paid in cash at closing, is intended to broaden Lilly’s portfolio in the autoimmune and allergic disease segments. Merida, a privately held biotechnology company, focuses on developing therapies for these indications. The acquisition follows Lilly’s recent strategy of expanding its presence in specialty therapeutic areas through targeted purchases. Details on the timing of the transaction and any regulatory approvals required have not been disclosed.

Copenhagen Infrastructure Partners acquired full ownership of a major Australian wind and battery project from developer Windlab and secured a $1.2B facility from 10 banks8h
Japan's House Foods Group is considering a sale of $1.1B-listed iconic Japanese curry rice chain CoCo Ichibanya8h
ITC Infotech, the IT unit of Indian conglomerate ITC, will buy a 22% stake in digital engineering company Happiest Minds Technologies for $140M cash and list in India after the deal8h
India's GRT Jewellers will take a 74% stake in Indian jewelry retailer Tribhovandas Bhimji Zaveri for up to $110M followed by mandatory full ownership8h
Zambia's state-owned mining investor ZCCM Investments Holdings is considering a share sale to boost liquidity8h
Yorkville America, the asset manager behind Trump's Truth Social ETFs, is close to an acquisition of an institutional asset management firm in the SMA space8h

VC

Polymarket raised $1B at a $21B post-money valuation led by 1789 Capital8h
Scan.com, a medical imaging infrastructure platform, raised a $90M Series C led by Noteus Partners8h
Reframe Systems, a physical AI company for modular home construction, raised $40M in funding led by Energy Impact Partners8h
Clipto, a video search startup, raised $15M at a $250M valuation from HSG, GL Ventures, Palm Drive Capital, and others8h
Apate.AI, an Australian AI anti-scammer startup, raised an $11.4M seed round led by Lobby Capital8h
Diffraqtion, a quantum camera platforms company for defense and space sensing, raised a $10M pre-seed round led by Ground State Ventures8h
Molten Salt Solutions, an isotope-enrichment company, raised a $7M seed round led by Dolby Family Ventures8h
Hearvana, an auditory intelligence startup, raised a $6M pre-seed round co-led by Point72 Ventures and SCB 10X8h

IPOs / Listings / Issuances / Block Trades

Activist Elliott built a stake in $125B-listed French industrial gas group Air Liquide8h
SHEIN raised $1.75B at a $26.5B valuation in a Hong Kong IPO priced below the top end of a marketed range8h
Tencent-backed Chinese chipmaker Enflame is seeking to raise $910M in its China IPO8h
$25B China-listed chipmaker Longsys is seeking to raise $800M in a Hong Kong listing8h
KKR-backed hair ⁠and nail care firm Wella filed for an IPO8h

Debt

Apollo is looking to turn its $9B stake in pipeline operator Oneok into investment grade debt it can sell to investors8h
Saudi Arabia is in early talks to raise $8B from a fresh loan to diversify funding amid the Iran war8h
Nvidia will buy $3.5B of convertibles in $200B-listed Taiwanese chipmaker MediaTek8h
Emergency household repairs provider HomeServe is in early talks for a $1.8B ABS bond sale to fund a dividend recap to owner Brookfield8h

Bankruptcy / Restructuring / Distressed

Brookfield-owned car dealership software provider CDK Global agreed to subordinate $675M of Brookfield's debt in exchange for a maturity extension8h
Saudi's PGA rival LIV Golf is set to file for bankruptcy after SWF PIF pulled funding and is in talks with BC Partners to help support its slimmed-down 2027 season8h

Funds / Secondaries

Ares raised $3.8B for a Japan-focused logistics fund8h
India's state-owned National Investment and Infrastructure Fund raised $2B for a targeted $3.2B infrastructure fund8h
Tech investor Dragoneer raised a $1B CV for specialty insurance distributor Amwins Group and health tech company PointClickCare; the fund includes stakes in OpenAI, SpaceX, Databricks, and Creative Planning8h
Carrick Capital Partners raised a $600M single-asset CV for identity security company Saviynt led by Coller Capital and HSBC Asset Management8h
India's Spark Capital raised $265M across a new late-stage PE and credit fund8h

Reforma

Soberanía no se entrega, dice CSP a EUNacional · 35m
Servidores debemos comportarnos con sencillez.- CSPNacional · 1h
Detienen a uno por coche-bomba en ZacatecasPortada · 4h
Restablece CFE energía en Península; acusa 'vandalismo'Negocios · 6h
Golpea apagón a la PenínsulaPortada · 8h
El reparto... por WhatsPortada · 8h

El senador de Hidalgo, Cuauhtémoc Ochoa, solicitó a Adán Augusto, a través de un intercambio de mensajes por WhatsApp, la autorización para asumir la dirección de la Comisión de Bienestar. La petición se realizó en un diálogo digital entre ambos funcionarios.

Contrata Mara en Q. Roo a factureras de huachicolPortada · 8h
Sube deuda pública 32.6% durante la 4TNegocios · 8h