Trump's deal to drop obesity drug prices and the challenges for travelers due to the government shutdown are key domestic developments, while skepticism from the Supreme Court on Trump's tariffs and the addition of 'poison pills' to Asia trade pacts define shifts in US trade policy.

• Trump Announces Deal to Drop Obesity Drug Prices to as Little as $149 a Month — The New York Times Business -
• What Travelers Need to Know About the Shutdown, Flight Reductions and Delays — The New York Times Business -
• Auto & Transport Roundup: Market Talk — Wall Street Journal -

• Treasury Probes Contract Program Tied to About $9 Billion in Small-Business Deals — Wall Street Journal -
• What Trump’s New Drug Pricing Deal Means for People With Obesity — The New York Times Business -
• US to slash prices of obesity drugs offered on Trump website — Financial Times -
• FirstFT: US adds ‘poison pills’ to Asia trade deals to counter China — Financial Times -
• I.R.S. Suspends Free Online Offering to File Taxes Directly — The New York Times Business -
• Trump Team Now Claims Its Trillions in Tariff Revenue Are ‘Incidental’ — The New York Times Business -
• US adds silver and copper to ‘critical minerals’ list — Financial Times -
• Opinion | Worker Shortage Continues in a Declining Job Market — Wall Street Journal -
• U.S. to Reduce Flight Traffic by 10% at 40 Airports Because of Shutdown — Wall Street Journal -
• What a Rough Day in Court Means for Trump’s Tariffs — The New York Times Business -
• The US can’t force Asian countries into its trade camp — Financial Times -
• The quest for an anti-Trumpian economic consensus — Financial Times -
• A Skeptical Supreme Court Puts Trump’s Tariffs and Economic Agenda in Question — The New York Times Business -
• Supreme Court questions emergency Trump tariffs — Financial Times -
• US adds ‘poison pills’ to Asia trade pacts to counter China — Financial Times -
• Japan’s adventures in Trump’s irrational-rational land — Financial Times -
• Vedanta shifts copper mines to US entity to tap Trump mining push — Financial Times -
• Trump’s diversity retreat leaves European companies walking a tightrope — Financial Times -
• Backlash leaves diversity executives facing career uncertainty — Financial Times -
• US to cut flights 10% at 40 airports because of government shutdown — Financial Times -

**Tesla shareholders' approval of Elon Musk's $1 trillion pay deal and Take-Two's repeated delay of 'Grand Theft Auto VI' are major corporate headlines, alongside rising sales for Airbnb and Expedia, Moderna's swing to a loss due to fewer vaccine sales, and Ford's consideration of scrapping the electric F-150 truck**.

• Macquarie’s First-Half Profit Grows 2.7%, Missing Forecasts — Wall Street Journal -
• Tesla shareholders approve Elon Musk’s $1tn pay deal — Financial Times -
• Take-Two Delays ‘Grand Theft Auto VI’ Again — Wall Street Journal -

• Maker of Grand Theft Auto again delays release of latest version — Financial Times -
• Affirm Sales Rise 34% as More Merchants Add Buy Now, Pay Later — Wall Street Journal -
• Solar power producer Pine Gate files for bankruptcy — Financial Times -
• Altman says OpenAI is not ‘trying to become too big to fail’ — Financial Times -
• MP Materials Third-Quarter Loss Widens After Ceasing China Sales — Wall Street Journal -
• Health Care Roundup: Market Talk — Wall Street Journal -
• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Tesla Shareholders Approve Elon Musk’s $1 Trillion Pay Package — Wall Street Journal -
• Block Shares Slide After Third-Quarter Results Miss Estimates — Wall Street Journal -
• DraftKings Cuts Sales Outlook as It Ramps Up Prediction Markets Investments — Wall Street Journal -
• Airbnb Sales Rise 10% as Travelers Book Vacations Further in Advance — Wall Street Journal -
• Expedia Raises Full-Year Outlook as Travelers Regain Confidence — Wall Street Journal -
• Ford Considers Scrapping Electric Version of F-150 Truck — Wall Street Journal -
• Canadian Miner OceanaGold Readies for NYSE Listing Amid Strong Investor Interest in Gold — Wall Street Journal -
• Comcast holds talks about buying ITV’s television business — Financial Times -
• Diageo cuts sales and profit forecast on lower US and China demand — Financial Times -
• Tech, Media & Telecom Roundup: Market Talk — Wall Street Journal -
• Fried chicken wars shake up fast-food pecking order — Financial Times -
• Bloomin’ Brands Going Back to Basics at Outback Steakhouse — Wall Street Journal -
• Life insurer Brighthouse agrees to $4.1bn takeover by Aquarian — Financial Times -
• WSJ’s Car Columnist Answers Your Burning Questions — Wall Street Journal -
• Why Manufacturing’s Last Boom Will Be Hard to Repeat — Wall Street Journal -
• CarMax Cuts Ties With CEO, Expects Weak Third Quarter — Wall Street Journal -
• Warner Discovery Moving Fast on Split or Sale, CEO Says — Wall Street Journal -
• ESPN and Penn Entertainment End Sports-Betting Pact Early — Wall Street Journal -
• EchoStar Loss Widens on Charges — Wall Street Journal -
• Carmakers slam UK’s plan for EV pay-per-mile tax — Financial Times -
• Ralph Lauren Boosts Outlook as Global Demand Remains Strong — Wall Street Journal -
• Under Armour Swings to Quarterly Loss, Expects Lower FY26 Revenue — Wall Street Journal -
• Charles Schwab agrees deal for private share exchange Forge Global — Financial Times -
• Krispy Kreme Reshaping Distribution in Push for Profitability — Wall Street Journal -
• Air France-KLM profits fall despite Canadian booking boost — Financial Times -
• Louvre spent too much on art and not enough on security, audit finds — Financial Times -
• UPS Plane That Crashed Was 34 Years Old—and Repaired in September — Wall Street Journal -
• Nissan Remains in Red Amid Restructuring, Tariff Pressures — Wall Street Journal -
• Tapestry Boosts Outlook as Coach’s Gen Z Success Helps Offset Tariff Costs — Wall Street Journal -
• Moderna Swings to a Loss on Fewer Covid-19 Vaccine Sales — Wall Street Journal -
• AstraZeneca Revenue Climbs on Pipeline Strength — Wall Street Journal -
• Europe is risking ‘health sovereignty’ by underpaying for drugs, says AstraZeneca — Financial Times -
• DuPont de Nemours Posts Higher Sales — Wall Street Journal -
• Diageo Lowers Guidance on Weakness in U.S. and China — Wall Street Journal -
• Wise Shares Recover After Solid Results Ahead of U.S. Listing Move — Wall Street Journal -
• Qatar Airways to Sell Cathay Pacific Stake for $896 Million — Wall Street Journal -
• China ‘stability’ buoys global trade as Maersk defies Trump tariff fears — Financial Times -
• ArcelorMittal Shares Rise on Earnings Prospects as Europe Moves to Boost Its Steelmakers — Wall Street Journal -
• Shipping Giant Maersk Lifts Lower End of Earnings Guidance on Strong Demand — Wall Street Journal -
• Rheinmetall Sales Growth Slows on Delays in German Defense Procurement — Wall Street Journal -
• ITV blames late Budget for sharp fall in advertising — Financial Times -
• DBS Group’s Third-Quarter Profit Slips — Wall Street Journal -
• Commerzbank Raises Interest Income Guidance Again — Wall Street Journal -
• Air France-KLM Posts Lower Net Profit After Costs Rise — Wall Street Journal -
• DHL Parent Sticks to Guidance Despite Subdued Conditions — Wall Street Journal -
• Singapore bank sets aside record $470mn provision for Hong Kong property loans — Financial Times -
• Rival robotaxi start-ups’ shares tank after Hong Kong listing — Financial Times -
• Would Elon Musk Work Harder for $1 Trillion Than $1 Billion? — The New York Times Business -
• AI Is Accelerating Tech Giants’ Dominance of the Ad Market — Wall Street Journal -
• The Hurdles Elon Musk Must Clear to Unlock $1 Trillion in Tesla Pay — Wall Street Journal -
• U.K.’s ICG Group Nears Deal to Sell Singapore Private-Education Institution — Wall Street Journal -
• Sonos Hires a Madison Avenue Veteran to Revive Its Bruised Brand — Wall Street Journal -
• Number of unfilled primary school places in England hits record high — Financial Times -
• UK minister says ‘lessons learned’ after Ajax armoured vehicle declared safe — Financial Times -

Britain facing tough economic choices and the Bank of England's decision to hold interest rates steady are central to European economics, while the US money market faces a fresh bout of stress risk and Eurozone retail sales edged lower.

• US money market at risk of fresh bout of stress, Wall Street banks say — Financial Times -
• Britain Faces Up to Tough Economic Choices. Finally, Economists Say. — The New York Times Business -
• UK interest rates coming closer to levelling out, BoE governor says — Financial Times -

• Inflation and interest rates tracker: see how your country compares — Financial Times -
• Bank of England keeps rates on hold at 4% in knife-edge decision — Financial Times -
• Bank of England opts for dovish hold — Financial Times -
• FirstFT: Argentina’s Javier Milei rejects free float of peso — Financial Times -
• BoE keeps rates on hold at 4% in knife-edge decision — Financial Times -
• Eurozone Retail Sales Edge Lower Despite Improving Sentiment — Wall Street Journal -
• Modest pay growth unlikely to shift the dial on Bank of Japan rate rises — Financial Times -
• Why the Fed’s balance sheet may grow again — Financial Times -
• The inevitable politics of ending quantitative tightening — Financial Times -
• Milei defies calls to float Argentine peso freely — Financial Times -

Germany's move to protect its steel industry and concerns over China's rare earth chokehold highlight European industrial policy and supply chain vulnerabilities, while France blocked Shein orders and Gunvor dropped its bid for Lukoil assets after US intervention, marking significant international trade and geopolitical actions.

• Gunvor drops $22bn bid for Lukoil assets after US moves to block deal — Financial Times -
• Germany moves to strip Dutch shipbuilder of lead role on warship project — Financial Times -
• Global divisions over Trump-led fossil fuel push laid bare at climate leaders’ meeting — Financial Times -

• Novo Nordisk challenges Pfizer to raise offer for obesity biotech — Financial Times -
• Israel carries out wave of strikes on Lebanon — Financial Times -
• A horrific massacre in Sudan — Financial Times -
• Ukraine jails Russian soldier for life for executing prisoner of war — Financial Times -
• France Blocks Orders From Shein as It Expands Its Crackdown — The New York Times Business -
• Ukraine fails to secure restructuring of controversial growth-linked bonds — Financial Times -
• Trump cannot manifest Middle East peace — Financial Times -
• Germany’s Friedrich Merz backs protectionist measures on Chinese steel — Financial Times -
• War is pushing us to a drug resistance tipping point — Financial Times -
• How China’s Rare Earth Chokehold Could Strangle Europe’s Military Buildup — The New York Times Business -
• Greece deepens US energy ties with first gas exploration deal in 40 years — Financial Times -
• Qatar to invest $30bn to build Egyptian beach resort — Financial Times -
• Somali pirates board first ship in 18 months — Financial Times -
• Brussels opens probe into Deutsche Börse and Nasdaq over derivatives — Financial Times -
• Trump steps up military threats against Nigeria over attacks on Christians — Financial Times -
• JPMorgan hit with record fine from German finance watchdog — Financial Times -
• Saudi Arabia Cuts December Oil Price for Asia in Sign of Caution — Wall Street Journal -
• France Moves to Block the Shein Website Over a Sex Doll Scandal — The New York Times Business -
• Brussels tweaks budget overhaul in bid to stave off parliament rebellion — Financial Times -
• China borrows as cheaply as US in dollar bond market — Financial Times -
• End of The Line: how Saudi Arabia’s Neom dream unravelled — Financial Times -
• Why Latin America can’t quit oil and gas — Financial Times -
• Europe should learn from Italy — Financial Times -

UK interest rates nearing a plateau and discussions on less dramatic cuts to cash ISA allowances are prominent policy debates, with the number of underpaid British workers sharply falling and UK construction activity declining at its fastest pace in five years.

• Reeves considers less dramatic cut to cash Isa allowance — Financial Times -
• Deputy Labour leader says party must keep its promises on tax — Financial Times -
• Bankers see off Chancellor’s raid but remain vigilant — Financial Times -

• Number of British workers underpaid by employers falls sharply — Financial Times -
• It’s no surprise mistakes were made — prisons are in chaos — Financial Times -
• The inescapable logic of Labour’s choices — Financial Times -
• UK construction activity falls at fastest pace for 5 years — Financial Times -
• Why Rachel Reeves won’t raise income tax — Financial Times -
• Think-tank linked to Reform UK says Britain is heading for debt crisis — Financial Times -
• London should embrace its status as a haven for dull IPOs — Financial Times -
• Reeves poised to unveil Budget plan for EV drivers to pay per mile charges — Financial Times -

OpenAI's CEO asserting the company is not 'too big to fail' and AI accelerating tech giants' dominance in the ad market underscore AI's growing influence, while robotaxi start-ups' shares tanked after their Hong Kong listing and Coinbase received a significant fine from the Irish central bank for compliance failures.

• Altman says OpenAI is not ‘trying to become too big to fail’ — Financial Times -
• Who’s right about AI: economists or technologists? — Financial Times -
• Crypto exchange Coinbase fined €21.5mn by Irish central bank — Financial Times -

• Rival robotaxi start-ups’ shares tank after Hong Kong listing — Financial Times -
• Switzerland is crossing the crypto Rubicon — Financial Times -
• China’s flying taxi leader aims to launch airport services within 3 years — Financial Times -
• AI Is Accelerating Tech Giants’ Dominance of the Ad Market — Wall Street Journal -

PwC's cuts to business-services jobs and the scrutiny over David Lammy's account of accidental prisoner releases highlight internal organizational and government management challenges, with Somali pirates boarding their first ship in 18 months and KPMG axing overtime pay for junior auditors revealing security and workforce concerns.

• David Lammy under scrutiny over his account of accidental prisoner releases — Financial Times -
• PwC Cuts Business-Services Jobs in Latest U.S. Layoffs — Wall Street Journal -
• War is pushing us to a drug resistance tipping point — Financial Times -

• Somali pirates board first ship in 18 months — Financial Times -
• Louvre spent too much on art and not enough on security, audit finds — Financial Times -
• KPMG axes ‘busy season’ overtime pay for junior auditors — Financial Times -