Diller abandons $18bn takeover bid for MGM Resorts
Media mogul says ‘we didn’t feel the mix was coming together in the way we had hoped’ after going public with offer in June
Cancer-screen blood test wins tepid support from US drug advisory panel
FDA committee expressed concerns about effectiveness and overall benefits for a product that failed a UK study earlier this year
OpenAI ‘agent’ hacked an Australian health service website
Prime Minister Anthony Albanese says breach is ‘obviously unacceptable’
Xi arrives for high-stakes summit with Trump
Gathering in Washington comes as Treasury secretary Scott Bessent says the countries have agreed to extend their trade war truce
HSBC moves board meeting from Dubai to London amid safety concerns
Bank’s decision to shift location underscores challenges still facing expats as Iran war continues
FT Crossword: Number 18,488
Arnault family moves to consolidate control of LVMH
Plan aims to unify clan’s 49.76% shareholding and voting rights in world’s leading luxury group in a single holding company
FirstFT: Xi Jinping and Donald Trump set for high-stakes summit
Also in today’s newsletter: Geely’s new fast-charging EV battery and US Treasury yields soar most since ‘liberation day’
Apple’s ChatGPT tools ‘dramatically underperformed’, OpenAI claims
Court documents reveal how companies’ ties unravelled while the iPhone maker has since turned to a Google-powered ‘Siri AI’
Treasury open to smaller fiscal headroom to reduce UK tax hikes
Investors signal Budget buffer could fall from the £23.6bn forecast to around £14bn without spooking gilt market
US Treasury yields soar most since ‘liberation day’ tariffs shook markets
Traders crank up bets on Federal Reserve rate rises after data fuels worries economy is overheating
Rosneft billions fed Kremlin-backed money laundering network
FT investigation shows the state oil group’s hard currency was at heart of Russia’s efforts to circumvent sanctions
UN live: Anthropic’s Dario Amodei calls for ‘narrow’ AI safety agreements
Head of one of US’s top artificial intelligence companies calls for common model testing standards and a notification system for internationally significant AI incidents
Israeli election committee bars main Arab parties from next month’s poll
Members of Prime Minister Benjamin Netanyahu’s far-right coalition lead campaign to exclude Ra’am and Joint List
Bentley’s first EV set to be half the price of Ferrari’s Luce
Launch of luxury carmaker’s Torcal SUV is aimed at younger and first-time customers
What does a very strong El Niño mean for the climate?
World Meteorological Organization says forecasts are for a peak of 3.6C of warming in the equatorial Pacific Ocean
How besieged billionaires are turning the tables on litigious shareholders
Hollywood super-agent Ari Emanuel has accused funds of illegal anti-competitive conduct over his take-private of Endeavor
Can Warsh tighten financial conditions without engineering a stock market fall?
Change the messenger
Britain’s union reforms are a risk to business dynamism
Labour’s expansion of workers’ rights adds to pressures on the private sector
Zuckerberg to unveil new AI products as Meta’s Muse app tops charts
Social media group’s personal AI ‘agent’ that can shop and schedule has become most downloaded app in US
Countries cancel Iran flights after US threatens to ‘shut down’ airlines
Iraq, Oman and Azerbaijan join growing list of nations suspending air travel after Scott Bessent warns of further sanctions
European diesel prices climb over prospect of US export ban
Any move by Washington to suspend foreign sales would be ‘catastrophic’ for global supplies, analysts warn
Watching your workforce? Watch out
Employers to face checks on the rapidly growing practice of remote monitoring of staff productivity
Female Life on Planet Earth by Laleh Khadivi — stories of solidarity and resilience
The Iranian-American author’s compassionate new novel follows a daughter as she examines her deceased mother’s secret life through encounters with other women