Ongoing global energy market volatility is driving inflation fears and rising fuel costs, while US policymakers ease Russian oil sanctions and G7 finance ministers convene to contain the economic fallout from the Iran war.

• Trump says he is holding off attack on Iran planned for Tuesday — Financial Times -
• Oil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears — The New York Times Business -
• G7 Finance Ministers Look to Contain Iran Economic Fallout — The New York Times Business -

• US eases Russian oil sanctions in bid to contain Iran price surge — Financial Times -
• The cracks in the Putin edifice — Financial Times -
• How Trump became political kryptonite — Financial Times -
• Catastrophe Is Emerging in the World’s Most Vulnerable Places — The New York Times Business -
• The Bank of England’s oil shock modelling has gone awry — Financial Times -
• US-China summit: postgame analysis — Financial Times -
• A peaceable Trump-Xi meeting may set up follies for the future — Financial Times -
• Trump and Xi will not determine Taiwan’s fate — Financial Times -
• European oil refiners and airlines have ‘almost zero’ jet fuel shortage concerns — Financial Times -
• FirstFT: Government borrowing costs jump on inflation fears — Financial Times -
• G7 Finance Ministers Look to Contain Iran Economic Fallout — The New York Times Business -
• Trump’s Approval Sinks Amid Unpopular War, Darkening G.O.P. Prospects — The New York Times Business -
• Oil Prices Edge Higher as Cease-Fire Remains Tenuous — The New York Times Business -
• European Gas Prices Rise as Iran War Drags on — Wall Street Journal -
• Japan’s Takaichi calls for extra budget as Iran energy crisis bites — Financial Times -
• Bonds bad — Financial Times -
• Global bonds extend sell-off on inflation fears — Financial Times -
• EU races to find deal compromise as Trump tariff deadline looms — Financial Times -
• Iran war hits Americans with $40bn fuel bill — Financial Times -
• The Islamists battling Sudan’s ruthless paramilitaries — Financial Times -
• Mortgage costs rise sharply on Middle East conflict — Financial Times -
• Investment firms look beyond Iran war to expand in Middle East — Financial Times -
• Are we at the tipping point for global energy supplies? — Financial Times -
• China warns of ‘severe’ global conditions as economy shows weakness — Financial Times -
• The Iran War Is Crippling One of the World’s Wealthiest Nations — The New York Times Business -
• The World Can’t Get Enough U.S. Energy, Keeping Prices High for Americans — Wall Street Journal -

The Trump administration has created a **$1.8 billion fund for 'victims of lawfare' and launched TrumpRx to offer generic drugs, as the US Justice Department drops fraud charges against a prominent Asian magnate and Senators work to ban gambling ads** targeting minors.

• Justice Dept. Creates $1.8 Billion Fund to Compensate ‘Victims of Lawfare’ — The New York Times Business -
• US drops fraud charges against Asia’s richest person — Financial Times -
• Trump administration creates $1.8bn fund for victims of government ‘lawfare’ — Financial Times -

• TrumpRx Adds Generic Drugs, With Mark Cuban, GoodRx and Amazon — The New York Times Business -
• Federal Prosecutors Move to Drop Bribery Case Against Indian Magnate — The New York Times Business -
• Submit your questions: Is Trump’s economic agenda working? — Financial Times -
• Senators Work to Ban Gambling Ads Targeting Minors — Wall Street Journal -

AI continues to reshape industries, with a **$420 billion merger set to power the US AI revolution through data centers, while concerns about AI's societal impact are voiced at commencements and tech leaders face scrutiny** over security and ethics.

• Project Astra: the $420bn merger powering the US AI revolution — Financial Times -
• Musk’s OpenAI Claims Rejected by Jury — Wall Street Journal -
• The Villain of This Year’s Commencement Speeches: A.I. — The New York Times Business -

• Peter G. Neumann, Who Warned of Computer Security Risks, Dies at 93 — The New York Times Business -
• Peter G. Neumann, Who Warned of Computer Security Risks, Dies at 93 — The New York Times Business -
• The Tech Bros Are Going to Etiquette School — Wall Street Journal -
• France’s Publicis to Acquire LiveRamp for $2.55 Billion in AI Push — Wall Street Journal -
• The UK must embrace its libraries in the age of AI — Financial Times -
• Baidu’s Profit Slides Again Amid Slow AI Payoff — Wall Street Journal -
• The Academic Scramble to Prepare Future Accountants for AI — Wall Street Journal -
• Anthropic to brief global financial watchdog on cyber flaws exposed by Mythos — Financial Times -
• Leaders’ judgment matters more than ever in the age of AI — Financial Times -

A massive **$420 billion utility merger between NextEra and Dominion Energy is set to create an East Coast titan, alongside Uber increasing its stake in Delivery Hero, Commerzbank rejecting a UniCredit takeover, and major industry players like Ford and Anglo American** making strategic moves.

• Opinion | The Proxy Advisers Strike Back — Wall Street Journal -
• Contractor Dies at SpaceX’s Starbase Facility in Texas — Wall Street Journal -
• Ford Details European Growth Strategy, Signs EDF Energy-Storage Agreement — Wall Street Journal -

• Swatch’s New Watch Debut Descends Into Chaos — Wall Street Journal -
• Ryanair Shares Fall After Company Warns of Weaker Pricing, Late Bookings — Wall Street Journal -
• Thyssenkrupp to Close U.S. Plant as Part of Automotive Restructuring — Wall Street Journal -
• The Little-Known Hedge Fund That Stands to Make Over $10 Billion on SpaceX — Wall Street Journal -
• Lululemon Urges Shareholders to Reject Chip Wilson’s Proxy Fight — Wall Street Journal -
• Uber leaves door open to Delivery Hero takeover by increasing stake — Financial Times -
• NextEra bets there’s no such thing as having too much power — Financial Times -
• NextEra Energy to Acquire Dominion, Creating a Utility Giant — The New York Times Business -
• Citi strikes €15bn partnership with BlackRock for private European lending — Financial Times -
• NextEra strikes megadeal with Dominion to create $420bn US utility — Financial Times -
• Carvana Grew Into a Used-Car Titan. Its New-Car Sales Project Has Dealers Rattled. — Wall Street Journal -
• NextEra to Buy Dominion Energy in $67 Billion Deal — Wall Street Journal -
• Commerzbank rejects €39bn UniCredit takeover offer — Financial Times -
• Commerzbank Advises Shareholders Against Accepting UniCredit Offer — Wall Street Journal -
• Whitbread Investor Pushes for Sale — Wall Street Journal -
• For Retailers, It’s One Battle After Another — Wall Street Journal -
• Ford plans successor to best-selling Fiesta in bid to revive European sales — Financial Times -
• TSA Experiments With Off-Site Screening to Relieve Airport Congestion — Wall Street Journal -
• Anglo American to Sell Australian Steelmaking Coal Assets for Up to $3.875 Billion — Wall Street Journal -
• Fears of Samsung strike ease after court ruling — Financial Times -
• Activist Elliott Builds Big Stake in Life-Science Tools Supplier Bio-Rad — Wall Street Journal -

UK political figures like Andy Burnham are proposing policy shifts, as the country considers a multibillion-pound boost for a stealth jet project, debates relaxing key banking rules, and faces IMF warnings on fiscal deficit.

• Burnham vows to reverse privatisation and austerity if he replaces Starmer — Financial Times -
• UK prepares multibillion-pound boost for joint stealth jet project — Financial Times -
• What can we expect from the Fed under Kevin Warsh? You asked, we answered — Financial Times -

• Keir Starmer vows to fight on ahead of Burnham by-election — Financial Times -
• UK ministers considered abandoning HS2 amid spiralling costs — Financial Times -
• UK plans to relax key banking rules set up after 2008 financial crisis — Financial Times -
• Farage’s accounts challenge claim he paid for £1.4mn house with TV fee — Financial Times -
• UK must keep cutting fiscal deficit, says IMF — Financial Times -
• What version of Manchesterism is Andy Burnham offering? — Financial Times -
• Too many young people pushed towards university, says UK government adviser — Financial Times -
• Cambridge Science Park launches £3bn expansion plan — Financial Times -
• Transcript of an interview with Sarah Breeden — Financial Times -
• The Italianisation of Britain’s finances — Financial Times -
• BoE should not be ‘trigger happy’ on rates, says top official — Financial Times -

The New York Times is suing the Pentagon over press restrictions, while thousands of FiveThirtyEight articles have seemingly vanished, raising concerns about media access and digital archiving.

• New York Times Sues Pentagon for a Second Time — The New York Times Business -
• Thousands of FiveThirtyEight Articles Seemingly Vanish From the Internet — The New York Times Business -
• New York Times Sues Pentagon for a Second Time — The New York Times Business -

US-China relations remain a focal point with summits analyzing managed trade, while the US pushes for delays on a Chinese rare earth magnet ban and the EU plans rules to reduce reliance on non-Chinese suppliers.

• Defence groups clamour to delay US ban on Chinese rare earth magnets — Financial Times -
• EU plans to force companies to buy parts from non-Chinese suppliers — Financial Times -
• The battle the US is winning against China — Financial Times -

A Long Island Rail Road strike impacts thousands, while an opinion piece criticizes 'overpaid government workers on strike,' and Germany faces a shift from labor shortages to hiring freezes.

• Long Island Rail Road Strike: What to Know — Wall Street Journal -
• Opinion | Overpaid Government Workers on Strike — Wall Street Journal -
• Germany goes from labour shortages to hiring freezes — Financial Times -

The expedition-cruise business faces fallout from a Hantavirus outbreak, insurers' delays in medical care approvals persist, while a Japanese startup raises funds for Alzheimer's research, and baseball adapts to shorter attention spans.

• Booming Expedition-Cruise Business Grapples With Fallout From Hantavirus Outbreak — Wall Street Journal -
• Japanese Alzheimer’s Startup Sound Wave Raises About $17 Million — Wall Street Journal -
• Baseball is learning to live with shorter attention spans — Financial Times -

• Insurers’ Delays in Approving Medical Care Persist, Despite Promises — The New York Times Business -

Shakira has been found not guilty of tax fraud in Spain, a Nobel laureate economist Edmund Phelps has passed away, and a Bobby Darin musical has reached a rare Broadway profit milestone.

• Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92 — The New York Times Business -
• Bobby Darin Musical Reaches a Rare Broadway Milestone: Profit — The New York Times Business -
• Shakira Is Found Not Guilty of Tax Fraud in Spain — The New York Times Business -

• Shakira wins €55mn tax battle against Spain — Financial Times -

An opinion on 'sweet and salty' life offers lighter fare, while 'dad books' are seeing a decline, tech founders attend etiquette school, and there are insights into managing an alcoholic boss.

• Opinion | Where Life Is Sweet—and Salty — Wall Street Journal -
• Dad Books Are a Dying Breed — Wall Street Journal -
• And the FTAV charts quiz winner is . . . — Financial Times -

• My Boss Is an Alcoholic. What Should I Do? — The New York Times Business -
• China is not Japan — Financial Times -