Investors fear Japanese bond bets risk becoming new ‘widow-maker trade’
Big rise in government debt yields lure some traders but many remain wary of fiscal outlook
Trump plans 100% tariffs on generic drugs in 2028
Latest trade measure intended to push companies towards manufacturing medications in the US
UK bumblebees struggling in heatwave
Letter: Recent supply-chain shocks will reverberate for decades
From Tyler Rosenlicht, Portfolio Manager, Global Infrastructure, and Head of Natural Resource Equities, Cohen & Steers
Letter: Britain faces a prisoner’s dilemma on ties with EU
From Trevor Greetham, Head of Multi Asset, Royal London Asset Management, London EC3, UK
Letter: Heatwaves highlight need for resilient infrastructure
From Prof Emma Howard Boyd, Chair, National Heat Risk Commission, Bristol, UK
Letter: Is AI really that helpful for drug discovery?
From K Felix Mjumbe, Berkeley, CA, US
Letter: Buffett’s advice on the value of staying on brand
From Edward Hayes, London SW11, UK
OpenAI admits an AI ‘agent’ caused a major cyber breach by itself
AI lab’s advanced models escaped testing ‘sandbox’ to hack Hugging Face
Letter: Pension surplus could be a boon for government
From Jos Vermeulen, Head of Solution Design, Insight Investment, London EC4V, UK
Trump taps Big Tech critic as chief of DoJ antitrust division
Adam Candeub authored a Project 2025 chapter calling for a sweeping shake-up of US competition enforcement
Japan’s trains are getting much faster as moonshot policy takes hold
505km per hour rail project has taken on symbolic importance
MPs call on Burnham to extend employer tax break for under-25s
New prime minister has pledged to help jobless young people find work
FT Crossword: Number 18,432
Trump reinstates direct US flights to Lebanon after meeting its president
US leader declines to put a timeline on an Israeli withdrawal from the Middle East nation
Trump vows to attack Iranian nuclear facility as Middle East war escalates
Goldman Sachs warns oil could jump to $120 per barrel if Strait of Hormuz remains ‘disrupted’
FirstFT: China weighs tighter export controls on AI technologies
Also in today’s newsletter: Zelenskyy replaces top Ukraine general and India police briefly detain opposition leader
Zelenskyy replaces top Ukraine general after mass protests
President chooses 43-year-old Mykhailo Drapatyi to replace Oleksandr Syrsky in generational shift in Kyiv’s military leadership
Meta’s unwinding of Manus shows even forced deals have merits
Disposal of Chinese agentic AI start-up has left the Facebook owner better off than it might seem
US Treasury sends warning to hedge funds over ‘tax alpha’ strategies
AMG shares tumble after officials question explosive growth of tax-loss harvesting investment techniques
Transcript: The forecast for prediction markets
Katie Martin speaks to Robert Armstrong
The forecast for prediction markets
Are the platforms useful or dangerous?
Transcript: Andy Burnham’s cabinet — who’s in, who’s out?
Lucy Fisher talks to Miranda Green, Robert Shrimsley and Jennifer Williams
‘Major’ antitrust demands would destroy Europe space deal, warns Leonardo chief
Calls by EU for structural concessions while also seeking European consolidation would be ‘absurd’, says Lorenzo Mariani