news

Tuesday, September 1

World

Opinion | Putin Is Testing NATO in a Roundabout WayWSJ · 9m
Opinion | Don’t Rename Lake OntarioWSJ · 11m
The Wartime ‘Coffin Money’ Transforming Russia’s Poorest RegionsWSJ · 16m
Global bond sell-off deepens amid inflation fearsFT · 43m
Summer 2026 was the hottest since records began in 1884, Met Office saysFT · 1h
Best Car Insurance Companies of 2026WSJ · 1h
Two Tankers Attacked on Midnight Run Through HormuzWSJ · 1h
Trump touts data centre build-out despite voter backlashFT · 3h
Trump summons US refiners as Iran war pushes up fuel pricesFT · 3h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 3h
Saudi and South Korean oil tankers hit in Strait of HormuzFT · 4h
Far-right Restore Britain receives £500,000 from tech entrepreneurFT · 4h

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 · 4h
Warsh clears up his own mess, but US credibility is still stretchedFT · 4h
Keir Starmer to stand down as MPFT · 4h
ECB to raise rates again amid higher Eurozone inflationFT · 4h
Thames Water should go into administration, says senior Tory MPFT · 5h
Elliott builds stake in French industrial gas group Air LiquideFT · 5h
A Food Crawl in Taiwan Finds Chinese Tradition Without the SpectacleWSJ · 5h
Bond rout raises spectre of Budget tax risesFT · 5h
Can Democrats seize Congress from Trump?FT · 5h
Ukraine eases tensions with Poland over second world war exhumationsFT · 6h
Inflation and interest rates tracker: see how your country comparesFT · 6h
When is an engineer not an engineer?FT · 6h
These Americans Went to Nepal on a Spiritual Journey. Now They Are Missing.WSJ · 6h
FirstFT: Global bond sell-off deepensFT · 6h
Two U.S. Foes Join Forces—and Threaten to Further Destabilize the Middle EastWSJ · 6h
Eurozone inflation rises to 3.3% in AugustFT · 6h
Londoners Are Stewing Over Supercar Tourists Who Park Wherever They WantWSJ · 6h
Private equity firms snap up more London-listed companiesFT · 6h
‘Conflict of attrition’ in Iran could keep inflation high, ECB policymaker warnsFT · 7h
Shein shares slide as much as 10% in Hong Kong debutFT · 7h

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.

Tories reopen Liz Truss wound with new shadow chancellorFT · 7h
Ikea cuts prices in Europe by €1.2bn to counter cost of living crisisFT · 9h
Chicago with the FTFT · 9h
South Korea unveils record budget increase to cash in on AI boomFT · 10h
The Ukraine Drones That Are Carrying a Bigger Punch, Deeper Into RussiaWSJ · 13h
Washington’s Deadly New Headache: an al Qaeda-Houthi Terrorist AllianceWSJ · 15h
Mine Warfare With Iran Hampers U.S. Efforts to Win Control of HormuzWSJ · 15h
How a Brazilian Billionaire Helped Shape Trump’s Beef Import PlanWSJ · 16h

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 · 18h

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 · 18h
Opinion | A Realistic Look at the Iran WarWSJ · 18h
Bessent Criticizes Canada as Global Summit Shows DivisionsWSJ · 19h
Opinion | They Forget Who Started the WarWSJ · 22h

Business

How the Pentagon Is Getting Into the Venezuelan Oil Business Under TrumpNYT · 4m
Two More Oil Tankers Are Attacked in the Strait of HormuzNYT · 8m
James Dyson Sold Us on a $400 Hair Dryer. Now He’s Trying a $499 Toothbrush.WSJ · 29m
At G20 Summit, Scott Bessent Says U.S. Has Support for Economic War Against IranNYT · 1h
A Half-Price Luxury E.V. Comes With a Big AsteriskNYT · 2h

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 · 2h
Ozempic Maker Novo Nordisk’s Investors Are Nervously Looking Into the FutureNYT · 2h
Bond Sell-Off Threatens to Squeeze Borrowers Around the WorldNYT · 2h
Finding the Gap in Crowded CategoriesWSJ · 2h
Swiss finance minister hits out at move to water down UBS capital plansFT · 3h
Trump summons US refiners as Iran war pushes up fuel pricesFT · 3h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 3h
Gap Pushes Into the Lucrative Accessory Business With New HandbagsWSJ · 3h
China’s NIO Narrows Loss on EV Sales Growth, Expects Volume PickupWSJ · 3h
Frasers Targets Majority Ownership in Hugo Boss, Weighs Support for ChairWSJ · 3h
Saudi and South Korean oil tankers hit in Strait of HormuzFT · 4h
SB Energy Files for IPO With Nvidia BackingWSJ · 4h
Medtronic Lifts Outlook, Invests Over $700 Million in Heart Tech & RoboticsWSJ · 4h
Energy & Utilities Roundup: Market TalkWSJ · 5h
Why Andy Burnham should say: Jackdaw yes, Rosebank noFT · 5h
Thames Water should go into administration, says senior Tory MPFT · 5h
Companies Slash Consumer Choice to Save on Import CostsWSJ · 5h
Auto & Transport Roundup: Market TalkWSJ · 5h
EY Has New Incentive Plan. ‘Human’ Skills Wanted; SEC Scrutinizing SPVsWSJ · 5h
Elliott builds stake in French industrial gas group Air LiquideFT · 5h
Shein’s unhappy IPOFT · 5h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 5h
IKEA Cuts Prices Across Europe as Cost of Living Pressures PersistWSJ · 5h
The Gas-Station Chain That Is Eating Domino’s LunchWSJ · 5h
When is an engineer not an engineer?FT · 6h
Fervo Secures Its Largest-Ever Geothermal Power Deal, With GoogleWSJ · 6h

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 · 6h
‘Off the Sidelines’—Lowe’s CEO Marshals Skilled Workers CoalitionWSJ · 6h
FirstFT: Global bond sell-off deepensFT · 6h
Two U.S. Foes Join Forces—and Threaten to Further Destabilize the Middle EastWSJ · 6h
Shein Makes Ho-Hum Market Debut After Years of Geopolitical DramaWSJ · 6h
Jersey Mike’s Is Winning the Sandwich War. It Still Needs to Win Over Gen Z.WSJ · 6h
Retailers Ditch Variety to Beat Supply-Chain Costs and TariffsWSJ · 6h
Private equity firms snap up more London-listed companiesFT · 6h
Shein shares slide as much as 10% in Hong Kong debutFT · 7h

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 · 7h
Shein’s Lackluster Debut Shows a Fast-Fashion Model Left BehindNYT · 7h
Swiss Life to Cut Around 600 Positions by the End of 2028WSJ · 7h

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 · 8h
How Aston Martin’s latest financing sparked a bondholder revoltFT · 9h

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 · 9h
LSE prepares to launch tokenised stocks in digital markets pushFT · 9h
Best Small-Business Loans in September 2026WSJ · 12h
Apple’s new boss starts out asset-light and option-richFT · 12h

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 · 12h

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 · 12h
The Meta settlement is regulation by enforcementFT · 12h
Natural disasters set to cost the world $450bn a yearFT · 12h
Big banks want a cut of lawyers’ AI savingsFT · 12h
British banks crack down on Covid loan defaulters after government pressureFT · 12h
Illegal streaming costs UK £1.4bn a year, broadcasters and sports bodies warnFT · 12h
It was billed as effortless London luxury. Then tenants found out the rulesFT · 12h

Shard Place was promoted as offering effortless luxury living in London. However, many tenants have expressed frustration with the building’s rules, including restrictions on guests and delivery riders. The policies have sparked criticism from renters.

WPP cutting up to 1,000 more jobs as AI reshapes advertising industryFT · 12h
Best Business Debt Consolidation Loans in September 2026WSJ · 12h
How Amazon’s ‘Secret’ Ad Pricing System Worked, According to the FTCWSJ · 13h
Trump Administration Steps Up Immigration Crackdown on Truck DriversWSJ · 14h
Who Pays for Wildfire Damage? California Can’t AgreeWSJ · 15h
How Aperol Built a $900 Million Global Brand Around the SpritzWSJ · 15h
Expedia Fights Off Claim for Damages by Cuban Exile FamiliesNYT · 16h
Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for PolymarketNYT · 16h
Anthropic Signs $35 Billion Cloud Deal Backed by NvidiaWSJ · 16h
UPS Rejiggers Operating Model, Names Chief Global Operations OfficerWSJ · 18h
IRS Audit Revenue Has Plummeted Under Trump, Watchdog FindsNYT · 18h
Shein Had 4.4 Billion Reasons to Speed Its IPO AlongWSJ · 18h

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 · 18h
Opinion | The Data Center Panic and U.S. DeclineWSJ · 18h
Opinion | You Need to Invest in AI, but Don’t Expect a ReturnWSJ · 18h
Auto & Transport Roundup: Market TalkWSJ · 19h
Trump’s Venezuelan Oil Company Plans Massive Drilling PushWSJ · 19h
Trump’s Venezuelan Oil Company Plans Massive Drilling PushWSJ · 19h
Ex-Congressman George Santos Receives Kalshi’s First-Ever Lifetime BanWSJ · 20h
Global Oil Price Rises to $90 a Barrel After U.S. and Iran Trade AttacksNYT · 20h
Kalshi Permanently Bars George Santos From the PlatformNYT · 21h
Private Equity Wants to Invest in College Sports. Some Schools Are Wary.NYT · 21h
Westinghouse Electric Wants to Ride a Nuclear Power Revival to an IPOWSJ · 21h
Westinghouse Electric Wants to Ride a Nuclear Power Revival to an IPOWSJ · 21h
The Rapid Expansion That Built Bally’s Is Now Under PressureWSJ · 22h
A $480,000-a-Year Pill Reflects a New Normal for Cancer DrugsNYT · 23h

Markets & Economy

Bond Market Selloff: Are Surging Yields a Threat to the Global Stock Rally?BBG · 6m
Opinion | The FHA Protects Taxpayers and HomeownersWSJ · 9m
Oil Extends Advance as US-Iran Escalation Revives Hormuz RisksBBG · 14m
Rising Bond Yields, Oil Prices Keep Pressure on GoldWSJ · 18m
Uruguay acelera desdolarización con nuevos fondos Money MarketBBG · 22m
Carney Says Trade Talks Can Resume If US Stops ‘Throwing Shade’BBG · 23m
Wells Fargo Analysts Join JPMorgan Traders in Turning Cautious on US StocksBBG · 26m
EU Considers Front-Loading Ukraine Loan as Funding Shortage HitsBBG · 32m
Bond Yields Around the World Soar in Challenge to Government BorrowingWSJ · 33m
Partners Group CEO Rejects Redemption ConcernsBBG · 38m
Redwire is Growing Strawberries in SpaceBBG · 43m
Global bond sell-off deepens amid inflation fearsFT · 43m
Senegal, IMF Reach Staff Agreement on $2.2 Billion Loan ProgramBBG · 44m
The Coming Shakeout in Private CreditBBG · 47m
Bloomberg Surveillance 9/1/2026BBG · 48m
These Banks Are Banding Together to Launch a StablecoinWSJ · 52m
David Booth on His Book and Historic KU Athletics DonationBBG · 55m
Stocks, Bonds Fall as Oil Jump Fuels Fed-Hike BetsBBG · 56m
Wells Fargo, Barclays Backed Collapsed Headlam With £85 MillionBBG · 58m
Gap Up on Leadership Shift; Shein's Market Debut | Stock MoversBBG · 1h
China’s Real Estate Market Enters the ‘Resale’ EraBBG · 1h
Global Bond Yields Surge as Oil Prices Fuel Inflation WorriesWSJ · 1h
Crude Futures Rise on Renewed Middle East AttacksWSJ · 1h
Peru Inflation Just Tops Estimate to Hit Fastest Since 2023BBG · 1h
US Job Openings Edge Higher in Sign of Stable Labor DemandBBG · 2h
My Kids Don’t Want the Family Silver. Should I Melt It Down?WSJ · 2h
Global Bond Selloff Intensifies as Investors Brace for Rate IncreasesWSJ · 2h
US Factory Gauge Eases But Holds Close to Four-Year HighBBG · 2h
U.S. Natural Gas Futures Give Back GainsWSJ · 2h
ECB’s September Hike Won’t Be Enough, Simkus Tells EconostreamBBG · 2h
ECB’s Nagel Says Slowdown in Underlying Inflation Is Good NewsBBG · 2h
Partners Group Switches CEOs as Private-Market Jitters Hit PerformanceWSJ · 2h
Israel Cuts Interest Rates for Third Consecutive MeetingBBG · 3h
Fed’s Barr Says Higher Rates Needed If Inflation Doesn’t CoolBBG · 3h
Trump summons US refiners as Iran war pushes up fuel pricesFT · 3h
Oil Prices Rise as Renewed U.S.-Iran Fighting Deepens Hormuz Supply RisksWSJ · 3h
Chile Economic Activity Posts Biggest Monthly Drop Since 2022BBG · 3h
Dollar Shows Muted Reaction Following Warsh’s Speech on FridayWSJ · 3h

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 · 3h
Saudi and South Korean oil tankers hit in Strait of HormuzFT · 4h
London Stock Exchange Plans Tokenized TradingWSJ · 4h
Basic Materials Roundup: Market TalkWSJ · 4h
Financial Services Roundup: Market TalkWSJ · 4h
Why Andy Burnham should say: Jackdaw yes, Rosebank noFT · 5h
Shein’s unhappy IPOFT · 5h
China Latest: Beijing Revamps Home-Sales System That Worsened Its MeltdownBBG · 5h
China’s Manufacturing Strength and AIBBG · 5h
How to understand the current puzzle in bonds and equitiesFT · 5h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 5h
Saudi Arabia Gets Over $12 Billion in Offers for Bond SaleBBG · 5h
Bond rout raises spectre of Budget tax risesFT · 5h
Africa Faces El Niño With Less Room to Weather Shock, IIF SaysBBG · 5h
The Gas-Station Chain That Is Eating Domino’s LunchWSJ · 5h
Bank of Canada Set to Hold as Trade War Creates New Dilemma for Tiff MacklemBBG · 5h
Jersey Mike’s Is Winning the Sandwich War. It Still Needs to Win Over Gen Z.WSJ · 6h
Private equity firms snap up more London-listed companiesFT · 6h
Shein shares slide as much as 10% in Hong Kong debutFT · 7h

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 · 7h
Fewest UK Mortgages Approved Since the Start of 2024BBG · 7h
Partners Group replaces chief as fund redemptions weigh on sharesFT · 7h
Stock Market Today: Global Bond Selloff Intensifies as Investors Brace for Rate HikesWSJ · 7h
India’s Economy Grows Faster Than Expected at 7.8%BBG · 7h
US-Iran Tensions High After Strikes on Two Tankers in HormuzBBG · 8h
Israel Faces Rate Dilemma as War Settles and Elections LoomBBG · 8h
European Equities Largely Lower Though AI Stocks GainWSJ · 8h

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 · 9h

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.

Modi Urges Indians to Curb Gold Buying in Self-Reliance PushBBG · 9h
LSE prepares to launch tokenised stocks in digital markets pushFT · 9h
Mozambican President Revokes Appointment of Central Bank ChiefBBG · 10h
More WarshologyFT · 10h
This time it really was differentFT · 11h
A bankruptcy brawl on the golf courseFT · 12h

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 · 12h
Revolut’s mission to dominate bankingFT · 12h

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 · 12h
Japan Ministries Seek Record Budget as Yields Hit 30-Year HighBBG · 14h
SEC Presses Investment Firms to Prove They Have Access to Shares in Hot StartupsWSJ · 16h
Stocks Fall as Oil Jump Keeps Bond Yields Elevated: Markets WrapBBG · 18h
Shein Had 4.4 Billion Reasons to Speed Its IPO AlongWSJ · 18h
The WSJ Dollar Index Falls 0.39% This Month to 95.72WSJ · 18h
U.S. Stocks Fall as Iran War Inflation Heats UpWSJ · 19h
Stocks Decline to End August as War Fears PersistWSJ · 19h
Financial Services Roundup: Market TalkWSJ · 19h
Donald Trump Jr.’s Fund Boosts Polymarket Investment by Around $300 MillionWSJ · 19h
Flaring Middle East Tensions Push Oil Prices UpWSJ · 19h
Trump says US will hit Iran ‘hard’ as conflict reignitesFT · 19h
US regulator claims Amazon manipulated advertising pricesFT · 20h

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.

5 of the Top Financial Advisor Companies for Retirees: Well-Known Fiduciary Firms to ConsiderWSJ · 21h
Major U.S. Stock Indexes Slip Amid Mideast Flare-UpWSJ · 21h
FDIC Beats Investor Claim to $1.71 Billion Silicon Valley Bank DepositWSJ · 21h
Westinghouse Electric Wants to Ride a Nuclear Power Revival to an IPOWSJ · 21h
KKR is the rare private equity firm that bets on itselfFT · 22h
Citadel Says Marshall Wace ‘Stonewalling’ in Spat Over ShatzBBG · 23h

Tech

Outrage Won’t Slow the AI Machine. Cold, Hard Cash Might.WSJ · 17m
OpenAI Hits Back at Apple Lawsuit Claiming It Stole Trade SecretsWSJ · 48m
Novartis Pauses Autoimmune Cell Therapy Studies After DeathsWSJ · 1h
How Cloud Pioneer Box Is Evolving With AIWSJ · 3h
Tech, Media & Telecom Roundup: Market TalkWSJ · 4h
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived AdvertisersWSJ · 5h
When is an engineer not an engineer?FT · 6h
Fervo Secures Its Largest-Ever Geothermal Power Deal, With GoogleWSJ · 6h
‘Off the Sidelines’—Lowe’s CEO Marshals Skilled Workers CoalitionWSJ · 6h
See the New Building Techniques Turbocharging the Data-Center BoomWSJ · 6h
See the New Building Techniques Turbocharging the Data-Center BoomWSJ · 6h
South Korea unveils record budget increase to cash in on AI boomFT · 10h
Apple’s new boss starts out asset-light and option-richFT · 12h

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 · 12h
The Meta settlement is regulation by enforcementFT · 12h
Big banks want a cut of lawyers’ AI savingsFT · 12h
Illegal streaming costs UK £1.4bn a year, broadcasters and sports bodies warnFT · 12h
Call for entries: FT1000 Europe’s Fastest-Growing Companies 2027FT · 12h
Philanthropists love AI. Philanthropists hate AIFT · 12h
Business schools face demand for higher, ‘human’ skillsFT · 12h
How Amazon’s ‘Secret’ Ad Pricing System Worked, According to the FTCWSJ · 13h
Anthropic Signs $35 Billion Cloud Deal Backed by NvidiaWSJ · 16h
Anthropic Signs $35 Billion Cloud Deal Backed by NvidiaWSJ · 16h
FTC Sues Amazon, Alleging It Deceived Advertisers and Drove Up PricesWSJ · 18h
FTC Sues Amazon, Alleging It Deceived Advertisers and Drove Up PricesWSJ · 18h
Opinion | The Data Center Panic and U.S. DeclineWSJ · 18h
Trump’s Ballroom Construction Can Continue, Supreme Court SaysWSJ · 18h
Opinion | You Need to Invest in AI, but Don’t Expect a ReturnWSJ · 18h
US regulator claims Amazon manipulated advertising pricesFT · 20h

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.

Trump says data centre critics ‘want to end up backwards and poor’FT · 22h
Trump Says Communities That Oppose Data Centers Risk Becoming ‘Backwards and Poor’WSJ · 23h

Deal Flow

M&A / Strategic

Aon agreed to acquire insurance brokerage USI Insurance Services from KKR for $17B, including debt5h
Oil field services provider SLB agreed to acquire German cooling equipment maker Kelvion from Apollo in a $3.4B cash deal, including debt5h
Eli Lilly plans to buy Merida Biosciences for $2.9B cash to expand in autoimmune and allergic diseases5h

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 banks5h
Japan's House Foods Group is considering a sale of $1.1B-listed iconic Japanese curry rice chain CoCo Ichibanya5h
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 deal5h
India's GRT Jewellers will take a 74% stake in Indian jewelry retailer Tribhovandas Bhimji Zaveri for up to $110M followed by mandatory full ownership5h
Zambia's state-owned mining investor ZCCM Investments Holdings is considering a share sale to boost liquidity5h
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 space5h

VC

Polymarket raised $1B at a $21B post-money valuation led by 1789 Capital5h
Scan.com, a medical imaging infrastructure platform, raised a $90M Series C led by Noteus Partners5h
Reframe Systems, a physical AI company for modular home construction, raised $40M in funding led by Energy Impact Partners5h
Clipto, a video search startup, raised $15M at a $250M valuation from HSG, GL Ventures, Palm Drive Capital, and others5h
Apate.AI, an Australian AI anti-scammer startup, raised an $11.4M seed round led by Lobby Capital5h
Diffraqtion, a quantum camera platforms company for defense and space sensing, raised a $10M pre-seed round led by Ground State Ventures5h
Molten Salt Solutions, an isotope-enrichment company, raised a $7M seed round led by Dolby Family Ventures5h
Hearvana, an auditory intelligence startup, raised a $6M pre-seed round co-led by Point72 Ventures and SCB 10X5h

IPOs / Listings / Issuances / Block Trades

Activist Elliott built a stake in $125B-listed French industrial gas group Air Liquide5h
SHEIN raised $1.75B at a $26.5B valuation in a Hong Kong IPO priced below the top end of a marketed range5h
Tencent-backed Chinese chipmaker Enflame is seeking to raise $910M in its China IPO5h
$25B China-listed chipmaker Longsys is seeking to raise $800M in a Hong Kong listing5h
KKR-backed hair ⁠and nail care firm Wella filed for an IPO5h

Debt

Apollo is looking to turn its $9B stake in pipeline operator Oneok into investment grade debt it can sell to investors5h
Saudi Arabia is in early talks to raise $8B from a fresh loan to diversify funding amid the Iran war5h
Nvidia will buy $3.5B of convertibles in $200B-listed Taiwanese chipmaker MediaTek5h
Emergency household repairs provider HomeServe is in early talks for a $1.8B ABS bond sale to fund a dividend recap to owner Brookfield5h

Bankruptcy / Restructuring / Distressed

Brookfield-owned car dealership software provider CDK Global agreed to subordinate $675M of Brookfield's debt in exchange for a maturity extension5h
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 season5h

Funds / Secondaries

Ares raised $3.8B for a Japan-focused logistics fund5h
India's state-owned National Investment and Infrastructure Fund raised $2B for a targeted $3.2B infrastructure fund5h
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 Planning5h
Carrick Capital Partners raised a $600M single-asset CV for identity security company Saviynt led by Coller Capital and HSBC Asset Management5h
India's Spark Capital raised $265M across a new late-stage PE and credit fund5h

Reforma

Detienen a uno por coche-bomba en ZacatecasNacional · 1h
Restablece CFE energía en Península; acusa 'vandalismo'Negocios · 4h
El reparto... por WhatsNacional · 5h

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 huachicolNacional · 5h
El 'Lord' petistaNacional · 5h

El diputado apodado “Lord Lamborghini”, señalado como polémico por su participación en contratos millonarios adjudicados a la Comisión Federal de Electricidad (CFE), mostró públicamente una fotografía en la que aparece junto a Rosa Icela Rodríguez. El apodo y los contratos han generado controversia en el entorno político. La publicación de la imagen ha suscitado diversas reacciones entre analistas y seguidores, que comentan tanto el apodo del diputado como la naturaleza de los contratos vinculados a la CFE en los últimos días.

Golpea apagón a la PenínsulaNegocios · 5h
Sube deuda pública 32.6% durante la 4TNegocios · 5h
Inician clases... y ahora piden regular celularesNacional · 5h