The Supreme Court's tariff ruling is sending ripple effects through the Trump administration's trade strategy and global markets, while a Federal Reserve official indicates minimal impact on rate outlook despite a frozen US housing market and ongoing analysis of Trump's claims on jobs and inflation.

• Trump Administration Scrambles to Pick Up the Pieces of Broken Tariffs — The New York Times Business -
• What’s Happened Since the Supreme Court’s Tariff Ruling — The New York Times Business -
• Top Fed Official Sees Little Effect on Rate Outlook From Supreme Court’s Tariff Ruling — The New York Times Business -

• The US Supreme Court’s ruling won’t stop Donald Trump’s tariffs — Financial Times -
• UK warns tariff retaliation is an option if US reneges on trade deal — Financial Times -
• How the Frozen Housing Market Is Battering U.S. Manufacturers — Wall Street Journal -
• Stocks slip and gold gains as global trade faces new Trump tariff threat — Financial Times -
• US probably shed jobs last year, top Federal Reserve official says — Financial Times -
• Wall Street, Main Street and more tariff turmoil — Financial Times -
• Tariff Turmoil Returns to Global Markets — The New York Times Business -
• Top Fed Official Sees Little Effect on Rate Outlook From Supreme Court’s Tariff Ruling — The New York Times Business -
• The Supreme Court sends tariffs on a turbulent descent — Financial Times -
• U.K., Australia and Others Worse Off Under Trump’s New Tariffs — The New York Times Business -
• FirstFT: Investors react to new tariff threat — Financial Times -
• Fact-Check: Trump’s Latest Claims on Jobs, Inflation and Crime — The New York Times Business -
• Homeownership Is Out of Reach for Many Americans, Despite a Buyer’s Market — The New York Times Business -
• EU weighs delaying US trade deal ratification amid ‘tariff chaos’ — Financial Times -
• Behind Trump’s truce with China — Financial Times -
• The fallout of Trump’s tariff setback at the Supreme Court — Financial Times -

Pentagon disputes over AI limits with Anthropic highlight regulatory challenges, as software and private capital shares see a sell-off due to AI disruption fears, while AI literacy in schools and Meta's massive AI investments shape its broader societal and corporate impact.

• Pentagon Summons Anthropic Chief in Dispute Over A.I. Limits — The New York Times Business -
• US software and private capital shares hit with fresh wave of selling — Financial Times -
• What the leveraged loan market can tell us about the software sell-off — Financial Times -

• Scarcity value puts a rocket under China’s AI challengers — Financial Times -
• ‘A.I. Literacy’ Is the New Drivers’ Ed at This Newark School — The New York Times Business -
• How Staying Small Became AI Startups’ Biggest Flex — Wall Street Journal -
• AI threatens enterprise software companies, says Franklin Templeton CEO — Financial Times -
• AI Anxiety Has Found Its Way to Real-Estate Brokers — Wall Street Journal -
• Meta Rakes It In, Yet Still Borrows Billions for AI — Wall Street Journal -
• ‘A.I. Literacy’ Is Trending in Schools. Here’s Why. — The New York Times Business -
• The Fundraising Tactic AI Startups Are Using to Juice Valuations — Wall Street Journal -

Today's business news features **Hims & Hers Health's rising sales and Bed Bath & Beyond's narrower loss, alongside significant mergers and acquisitions like Uber's purchase of SpotHero and Gilead's acquisition of a cancer drug developer, contrasting with layoffs at First Brands and strategic restructuring at Deloitte and Merck**.

• Hims & Hers Health Fourth-Quarter Sales Rise, Gives Soft First-Quarter Guidance — Wall Street Journal -
• First Brands Lays Off Employees as Buyer Interest Fades — Wall Street Journal -
• Citi to sell another stake in Mexico’s Banamex ahead of IPO — Financial Times -

• Bed Bath & Beyond Narrows Fourth-Quarter Loss, Targets Revenue Growth in 2026 — Wall Street Journal -
• Uber to Acquire Parking App SpotHero — Wall Street Journal -
• After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores — The New York Times Business -
• Loblaw to Add Discount Stores as Food Costs Continue to Shape Canadian Shopping Habits — Wall Street Journal -
• Domino’s Revenue Rises on U.S. Same-Store Sales Growth — Wall Street Journal -
• Deloitte shake-up of global structure set to trigger UK leadership race — Financial Times -
• AMC Entertainment Narrows Loss, Anticipates Stronger 2026 — Wall Street Journal -
• Uber launches autonomous vehicles services venture in robotaxi push — Financial Times -
• Johnson Matthey Lowers Price of Unit Being Sold to Honeywell to $1.8 Billion — Wall Street Journal -
• Renault to Take Full Control of Flexis Electric-Van JV — Wall Street Journal -
• Enel to Increase Spending, Shareholder Returns Under 2028 Plan — Wall Street Journal -
• Investor Ed Garden Builds Stake in Fortune Brands, Seeking New CEO — Wall Street Journal -

Ukrainian President Zelenskyy's plea to the US underscores global tensions, mirrored by US embassy evacuations from Lebanon amidst rising fears of conflict with Iran, while China's military fusion ambitions and Japan's efforts to secure rare earth minerals reveal a scramble for strategic advantage.

• FirstFT: Volodymyr Zelenskyy urges US to see through Russia’s ‘games’ — Financial Times -
• Opinion | China May Grab a Lead in the Race for Military Fusion — Wall Street Journal -
• Zelenskyy urges Trump to see through Russia’s ‘games’ — Financial Times -

• Maersk and MSC to take temporary control of key Panama Canal ports — Financial Times -
• US evacuates staff from Lebanon embassy as fears rise of war with Iran — Financial Times -
• Donald Trump’s own private UN — Financial Times -
• Iranian students rally against regime in latest protests — Financial Times -
• Trump’s ‘Board of Peace’ explores stablecoin for Gaza — Financial Times -
• Australia backs proposal to remove Andrew Mountbatten-Windsor from line of succession — Financial Times -
• Trump’s new interest in war will end badly — Financial Times -
• Submit your questions: How should Europe prepare for a transatlantic divorce? — Financial Times -
• Inside Ukraine’s ‘kill zone’ — Financial Times -
• Europe and America are locked in a struggle over ‘western civilisation’ — Financial Times -
• Lebanon eyes sale of gold reserves to rescue banks and the economy — Financial Times -
• Japan mines Pacific Ocean mud for rare earths to counter China’s chokehold — Financial Times -

Concerns are spotlighted regarding the private credit market, with Blue Owl's challenges, while software and private capital shares face a fresh wave of selling, yet US banks enjoy record profits and Korean retail investors flock to leveraged funds.

• Moody’s alert cites gap in data centre accounting for Big Tech companies — Financial Times -
• Blue Owl is spoiling private credit’s sales pitch — Financial Times -
• The new era-defining central bank ‘trilemma’ — Financial Times -

• Blue Owl and private credit’s structural problem — Financial Times -
• Does Europe need more private credit? — Financial Times -
• F&G sells life reinsurer to create company led by Blackstone veteran — Financial Times -
• US banks enjoyed record profits of $300bn in 2025 — Financial Times -
• Lagarde receives €140,000 from BIS despite payment ban for ECB staff — Financial Times -
• Dimon seeks to sell JPMorgan investors on $2bn-a-week costs bill — Financial Times -
• Korean ‘ants’ pile into leveraged funds to profit from stock market boom — Financial Times -

Novo Nordisk's shares plunged after its obesity drug failed in trials, while Merck is undergoing a major restructuring to separate its oncology business, and Gilead plans a significant acquisition in the cancer drug development space.

• Novo Nordisk Shares Plunge After Obesity Drug Fails to Beat Zepbound — Wall Street Journal -
• Novo Nordisk shares drop 15% after poor trial results for new obesity drug — Financial Times -
• We must change our conception of palliative care — Financial Times -

• Merck splits operations to separate oncology from non-cancer drugs — Financial Times -
• Merck Revamps Pharmaceutical Unit, Creating Separate Cancer Business — Wall Street Journal -
• Gilead to buy cancer drug developer Arcellx for up to $7.8bn — Financial Times -

A major winter storm in the US Northeast has led to thousands of flight cancellations and widespread power outages, severely disrupting travel and daily life across the East Coast.

• What Travelers Need to Know About the Blizzard — The New York Times Business -
• Thousands of Flights Are Canceled as Storm Slams Northeast Airports — The New York Times Business -
• More Than Half a Million Customers Have Lost Power on East Coast — The New York Times Business -

• More Than Half a Million Customers Have Lost Power on East Coast — The New York Times Business -
• US north-east hit by power outages as winter storm pummels New York — Financial Times -

The **English education budget will receive a £3.5bn top-up for special needs, as the Green Party gains ground in Manchester by-elections amidst political misconduct investigations involving Peter Mandelson and debates on gambling sponsorships in football**.

• Schools budget to get £3.5bn top-up for special needs education in England — Financial Times -
• ‘Labour are now irrelevant here’: Greens eye Manchester by-election victory — Financial Times -
• Mandelson arrested on suspicion of misconduct in public office — Financial Times -

• Starmer’s ethics adviser to investigate minister over probe into journalists — Financial Times -
• English football teams face ban on sponsorship from unlicensed gambling groups — Financial Times -
• Labour can no longer rely on the ‘ethnic minority vote’ — Financial Times -
• Rolls-Royce urges UK to commit to subsidies for £3bn engine project — Financial Times -
• William Hague: Britons in their 60s are the ‘luckiest generation’ in history — Financial Times -
• MPs and peers call for all UK children to be screened for lead — Financial Times -
• Conservatives should not just focus on voters lost to Reform, analysis suggests — Financial Times -
• Share of UK companies with low productivity higher than in 1997 — Financial Times -

European gas prices are falling due to easing supply concerns, Chevron is negotiating for a stake in a giant Iraq oilfield, and warnings are being issued about a potential fuel shortage threatening US nuclear resurgence.

• Energy & Utilities Roundup: Market Talk — Wall Street Journal -
• Chevron in talks for stake in giant Iraq oilfield after Lukoil sanctions — Financial Times -
• European Gas Price Falls on Easing Supply Concerns — Wall Street Journal -

• Fuel shortage threatens US nuclear resurgence, warns top supplier — Financial Times -

Headlines highlight diverse issues such as Binance's crypto transfers to Iranian entities, a prison sentence for an airline parts scammer, a US lawsuit against a Coca-Cola bottler for alleged discrimination, and regulatory uncertainty surrounding hemp-derived drinks.

• Best Business Debt Consolidation Loans in February 2026 — Wall Street Journal -
• Opinion | Notable & Quotable: Media vs. Whole Foods — Wall Street Journal -
• Former DJ Gets Prison Sentence for Scamming World’s Top Airlines — Wall Street Journal -

• Longevity Doctor Peter Attia Is Out at CBS News After Epstein Revelations — Wall Street Journal -
• Binance Employees Find $1.7 Billion in Crypto Was Sent to Iranian Entities — The New York Times Business -
• US sues Coca-Cola bottler for all-female casino networking event — Financial Times -
• From Sundance Director to Head of Film Forum — The New York Times Business -
• Hemp Drinks That Get You High Are About to Vanish. This CEO Wants to Save Them. — Wall Street Journal -
• ‘Press freedom predator’: Donald Trump’s new cancel culture — Financial Times -
• US universities lean on endowments as costs rise and funding cuts bite — Financial Times -
• Need an Outfit? Pickle Clothing Rental App Helps Users Stay on Trend. — The New York Times Business -
• Ways to save liberal democracy — the pick of the latest political books — Financial Times -