• Oil Buyers Battered by the Iran War Energy Crisis Race to Build Buffers — The New York Times Business - 14:01
• Axing UK science department risks slower policymaking, say tech leaders — Financial Times - 13:56
• Ann Widdecombe died after being ‘struck 21 times with hammer’ — Financial Times - 13:37
• Trump Is Squeezing Canada. Don’t Expect Carney to Roll Over. — The New York Times Business - 13:13
• Norway Oil Fund Urges Constructive Tie-Up Talks Between Prologis and Segro — Wall Street Journal - 13:06
• Trump to meet Lebanon’s president as US pushes ahead with peace deal — Financial Times - 13:01
• Trump threatens to reignite trade war with fresh 50% tariffs on Canada — Financial Times - 13:00
• Will the U.S. and China Build Walls Around A.I.? — The New York Times Business - 12:55
• Utz Brands to Be Taken Private in $2.9 Billion Deal — Wall Street Journal - 12:55
• 3M Raises Full-Year Forecast as Safety and Electronics Lift Sales — Wall Street Journal - 12:37

The new UK Prime Minister, Andy Burnham, has appointed John Healey as Chancellor, tasked with tackling tricky finances and fiscal challenges including removing VAT on household electricity bills.

• Continuity and change in Burnham’s new cabinet — Financial Times -
• Andy Burnham, New UK Prime Minister, Names John Healey As Top Finance Official — The New York Times Business -
• Burnham to remove VAT on household electricity bills — Financial Times -

• FirstFT: Healey’s formidable in-tray as UK chancellor — Financial Times -
• UK chancellor John Healey inherits tricky finances — Financial Times -
• The five fiscal challenges facing John Healey — Financial Times -
• Pointers for Burnham on what Britain really wants — Financial Times -

**Mitie's $4.2 billion takeover by OCS and Frasers Group's increasing stake in Hugo Boss** highlight significant M&A activity, alongside **Var Energi's $1.3 billion acquisition of BlueNord, while Julius Baer and Novartis reported strong earnings and biotech deals surged** to record highs.

• Mitie Shares Soar on $4.2 Billion Takeover by OCS — Wall Street Journal -
• Mitie agrees £3.1bn takeover by rival outsourcer OCS — Financial Times -
• Frasers Says Hugo Boss Stake Tops 30% After Latest Acquisitions — Wall Street Journal -

• Var Energi Agrees $1.3 Billion Deal to Buy BlueNord — Wall Street Journal -
• Julius Baer Net Profit More Than Doubles to Record High — Wall Street Journal -
• Novartis Returns to Growth on Sales Momentum From Key Drugs — Wall Street Journal -
• Linklaters partners handed record £2.5mn payday as Asia business booms — Financial Times -
• Biotech deals surge to record as fear of missing out grips Big Pharma — Financial Times -

The **US plans 50% tariffs on Canadian goods, escalating trade disputes, while geopolitical instability in the Middle East sees US troops injured and Kuwait targeted by Iran, alongside concerns over America's agricultural exporter status and Europe's industrial battle with China**.

• Nearly 100 US troops injured in two weeks since Iran war resumed — Financial Times -
• The Gulf nation that became Iran’s softest target — Financial Times -
• The fall of America’s farm superpower — Financial Times -

• The factory on the front line of Europe’s economic battle with China — Financial Times -
• Why Canada isn’t listening to American whining in the wine wars — Financial Times -
• Trump to Impose 50% Tariff on Many Canadian Goods — The New York Times Business -
• US to hit Canada with 50% tariffs on wide range of goods — Financial Times -

China considers tighter export controls on AI models and chips, while the EU warns AI is becoming a geopolitical weapon and its tech tsar debates new online rule books, all as Google's AI search imperils the open web.

• EU tech tsar spars with justice chief over new online rule book — Financial Times -
• China weighs tighter export controls on AI models and chips — Financial Times -
• AI is becoming a geopolitical weapon, warns EU digital chief — Financial Times -

• How Google’s A.I. Search Is Imperiling the Open Web — The New York Times Business -

**Adnoc and partners commit $6.2 billion to the Umm Shaif Gas Cap Project, demonstrating significant investment in gas infrastructure, while Trump Media explores a pivot into nuclear energy**, indicating diversification in the energy landscape.

• Adnoc, Partners to Proceed With $6.2 Billion Umm Shaif Gas Cap Project — Wall Street Journal -
• The New Jersey Financier Behind Trump Media’s Pivot Into Nuclear Energy — Wall Street Journal -

The debut of an Indian asset manager signals hopes for the local IPO market, Julius Baer's profits doubled, Revolut plans to challenge Australia's major banks, and a Czech central bank chief warned against early Eurozone entry, with discussions also arising on stock valuation metrics.

• Indian asset manager’s debut revives hopes for local IPO market — Financial Times -
• Broken valuation metrics? — Financial Times -
• Czech central bank chief warns against joining Eurozone too early — Financial Times -

• Revolut to challenge Australia’s Big Four banks — Financial Times -

Americans are increasing spending beyond necessities, while a bill to bar tracking gun sales progresses in the House, and **US authorities probe Mark Walter’s insurance empire, as a Pro-Trump Super Pac builds a substantial war chest** for upcoming midterms.

• Americans Are Spending, and Not Just on Necessities — The New York Times Business -
• A New Blow to Tracking Gun Sales — The New York Times Business -
• US authorities probe Mark Walter’s insurance empire — Financial Times -

• Pro-Trump Super Pac Maga Inc builds $400mn war chest ahead of midterms — Financial Times -

Novartis reported a return to growth driven by key drugs, and psychedelic drugs are moving into the mainstream as potential new treatments, alongside a surge in biotech deals as Big Pharma seeks new blockbusters.

• Psychedelic drugs are going mainstream — Financial Times -

Brazil faces unforgiving economics post-election, India's parliament session begins amidst student protests, and wealthy individuals grapple with decisions on asset control versus tax implications.

• Brazil faces unforgiving economics after election — Financial Times -
• Rich people hate giving up control, even if it means paying more tax — Financial Times -
• Indian parliament starts session as student protests escalate — Financial Times -