• Iberdrola to Take Control of Finnish Utility Caruna for $2.3 Billion — Wall Street Journal - 17:06
• Andy Burnham, New UK Prime Minister, Names John Healey as Top Finance Official — The New York Times Business - 17:00
• Hasbro Lifts Outlook as Consumers Keep Buying Trading Cards, Toys — Wall Street Journal - 16:43
• CoreWeave’s AI-Native Cloud Faces the Storm — Wall Street Journal - 16:39
• India police detain opposition leader Rahul Gandhi as tensions rise — Financial Times - 16:33
• Energy & Utilities Roundup: Market Talk — Wall Street Journal - 16:28
• Trump Escalates Canada Tariffs as Mark Carney Holds Firm — The New York Times Business - 16:26
• Auto & Transport Roundup: Market Talk — Wall Street Journal - 16:25
• Utz Brands to Be Taken Private by Germany’s Intersnack Group — Wall Street Journal - 16:19
• The bear hug is an increasingly sensible way to play UK M&A — Financial Times - 16:14

Andy Burnham's new cabinet and policy challenges, including income tax debates, Thames Water negotiations, and broader fiscal discipline, dominate headlines as the new prime minister navigates a complex economic and political landscape.

• Andy Burnham’s cabinet: who’s in, who’s out? — Financial Times -
• Burnham backs away from costly increase to income tax allowance — Financial Times -
• How will UK foreign policy change under Ed Miliband? — Financial Times -

• Axing UK science department risks slower policymaking, say tech leaders — Financial Times -
• Six foolish mistakes for the new chancellor to avoid — Financial Times -
• Who is in Andy Burnham’s new cabinet? — Financial Times -
• What we learnt from the new PM’s choices for his top team — Financial Times -
• Lack of UK jobs growth highlights challenges for Burnham — Financial Times -
• Thames Water lenders to offer ‘golden share’ to UK government — Financial Times -
• UK wage growth continues to cool while unemployment rate steady — Financial Times -
• A break with the Starmer era — except at the Treasury — Financial Times -
• Andy Burnham, New UK Prime Minister, Names John Healey as Top Finance Official — The New York Times Business -
• Burnham and Healey pledge ‘fiscal discipline’ after VAT cut sparks funding row — Financial Times -
• UK chancellor John Healey inherits tricky finances — Financial Times -

Donald Trump's aggressive tariff policies targeting Canada, the escalating Iran conflict affecting US troops and global energy, and US efforts towards a Lebanon peace deal are major developments impacting global diplomacy and economic stability.

• Turkish opposition leader to create breakaway party to take on Erdoğan — Financial Times -
• Trump Is Squeezing Canada. Don’t Expect Carney to Roll Over. — The New York Times Business -
• Trump to meet Lebanon’s president as US pushes ahead with peace deal — Financial Times -

• Trump threatens to reignite trade war with fresh 50% tariffs on Canada — Financial Times -
• Why the world trusts China more than America — Financial Times -
• FirstFT: Trump prepares to meet Lebanon’s leader — Financial Times -
• Trump prepares fresh tariff barrage with 10% levies set to expire — Financial Times -
• If Ukraine Can Make This Big Gun, Patriot Missiles May Be Next — Wall Street Journal -
• The Gulf nation that became Iran’s softest target — 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 -

Strong earnings reports from major companies like GM and 3M are contrasted with D.R. Horton's lowered revenue guidance, while significant acquisitions of Utz Brands and Mitie alongside Airbus's challenge to Boeing signal a dynamic M&A and competitive landscape.

• Airbus Comes for Boeing in Battle Over World’s Biggest Jets — Wall Street Journal -
• GM Raises Full-Year Outlook, Says Demand Remains Strong — Wall Street Journal -
• Northrop Grumman Lifts Outlook as Backlog Buildup Continues — Wall Street Journal -

• Norway Oil Fund Urges Constructive Tie-Up Talks Between Prologis and Segro — Wall Street Journal -
• Utz Brands to Be Taken Private in $2.9 Billion Deal — Wall Street Journal -
• 3M Raises Full-Year Forecast as Safety and Electronics Lift Sales — Wall Street Journal -
• Icahn to Sell Auto-Service Chain Pep Boys to Mavis for $700 Million — Wall Street Journal -
• Novartis Returns to Growth After Key Drugs Offset Patent Expirations — Wall Street Journal -
• Halliburton Profit Climbs on Higher Revenue — Wall Street Journal -
• Hasbro Lifts Outlook as Revenue Rises — Wall Street Journal -
• D.R. Horton Lowers Revenue Guidance as Sales Come in Flat — Wall Street Journal -
• Kraft Heinz to Tap Disney Magic in Effort to Boost Brands — Wall Street Journal -
• 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 -
• Linklaters partners handed record £2.5mn payday — Financial Times -

The IEA's warning on energy supplies amidst the Iran conflict, America's natural gas surplus issue, and Asian nations building oil reserves highlight volatile global energy dynamics, further shaped by Adnoc's major gas project.

• IEA warns of risk to energy supplies from escalation of Iran conflict — Financial Times -
• America’s Most Prolific Oil Field Has a Natural-Gas Problem — Wall Street Journal -
• Oil Buyers Battered by the Iran War Energy Crisis Race to Build Buffers — The New York Times Business -

• How we made it: China’s air pollution clean-up — and the rebound — Financial Times -
• Adnoc to Proceed With $6.2 Billion Abu Dhabi Gas Project — Wall Street Journal -
• Why States Are Making It Harder to Save Money With Solar Panels — The New York Times Business -
• Nearly 100 US troops injured in 2 weeks since Iran war resumed — Financial Times -

The acquisition of an AI platform by Altana to streamline customs, the US and China considering AI export controls, and Google's AI search potentially impacting the open web underscore the transformative yet complex role of artificial intelligence in business and geopolitics.

• Altana Acquires AI Platform to Tackle Customs Complexity — Wall Street Journal -
• Step Into the ‘Zone of Genius’ (Before A.I. Takes Your Job) — The New York Times Business -
• Will the U.S. and China Build Walls Around A.I.? — The New York Times Business -

• 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 -

Brazil's upcoming fiscal challenges, Japan's "Liz Truss moment" fears, and the US facing a decline as a farm superpower reflect diverse regional economic pressures, alongside robust performances from Julius Baer and Linklaters in the financial sector.

• A Luxury Taxi Company Wants to Stop New York From Tracking its Wealthy Riders — Wall Street Journal -
• Japan is flirting with its own Liz Truss moment — Financial Times -
• Indian asset manager’s debut revives hopes for local IPO market — Financial Times -

• Americans Are Spending, and Not Just on Necessities — The New York Times Business -
• Brazil faces unforgiving economics after election — Financial Times -
• Broken valuation metrics? — Financial Times -
• US authorities probe Mark Walter’s insurance empire — 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 -
• Rich people hate giving up control, even if it means paying more tax — Financial Times -
• Czech central bank chief warns against joining Eurozone too early — Financial Times -
• Revolut to challenge Australia’s Big Four banks — Financial Times -
• Pro-Trump Super Pac Maga Inc builds $400mn war chest ahead of midterms — Financial Times -
• Indian parliament starts session as student protests escalate — Financial Times -
• The New Jersey Financier Behind Trump Media’s Pivot Into Nuclear Energy — Wall Street Journal -

Nigerian online love scammers exposed, the murder of former minister Ann Widdecombe, and new restrictions on tracking gun sales illustrate a range of pressing social and legal concerns making news.

• The Yahoo Boys — the true stories of four Nigerian online love scammers — Financial Times -
• Ann Widdecombe died after being ‘struck 21 times with hammer’ — Financial Times -
• Before Leading the IRS, Frank Bisignano Spied on His JPMorgan Co-Workers — Wall Street Journal -

• A New Blow to Tracking Gun Sales — The New York Times Business -
• Psychedelic drugs are going mainstream — Financial Times -

Kraft Heinz's partnership with Disney to boost brands, the emotional appeal of Union Pacific's 'Big Boy' locomotive tour, and the rise of the dirty martini in London's nightlife offer a glimpse into consumer and cultural trends.

• A Locomotive Named Big Boy Is Making Grown Men Cry — Wall Street Journal -
• Why the dirty martini is London’s new It-girl drink — Financial Times -