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Judge rules Purdue Pharma must pay $7bn in bankruptcy settlement

Company behind painkiller OxyContin to be reorganised as a public benefit corporation called Knoa

Nasdaq lower as heavyweights including Nvidia and Microsoft sustain steep falls

Investors are acting as if a merger with rival Axalta is a non-starter

Britain’s ‘pull’ factors may make hardline policies less of a deterrent

Social media group has beaten antitrust suit brought by the Federal Trade Commission

Investigators search properties linked to alleged scheme to defraud Patrick Drahi’s company of hundred of millions of euros

Changes that only have a one-off effect on inflation will not change monetary policy, warns chief economist

PM seeks to move on from speculation about his leadership by telling ministers to focus on reform

US president gives lavish welcome to Mohammed bin Salman at start of high-profile visit to Washington

Maybe the Matrix, maybe nothing, maybe pay us

Members of security forces and Assad loyalists charged over March violence in which hundreds of civilians were killed

Bank of America survey shows a majority of investors think companies are spending too much on AI infrastructure

House reveals, heli-skiing and branded condoms are all in a day’s work for the professionals who curate billionaires’ lives

Cynthia Erivo and Ariana Grande return in a sequel that speaks to the US politics of today — even if the story is two decades old

AI start-up commits to buying $30bn in computing capacity from Microsoft in data centres powered by Nvidia chips

Home improvement retailer blames sales slowdown on sluggish housing market and less destructive hurricane season

US grocer scales back partnership in blow to credibility of Ocado’s tech licensing business

Partner of the leader should always take time at trick one

Simon Kuper and Anjana Ahuja select their must-read titles

A podcast cross-promotion post

Bitcoin drops 28% in six weeks amid concerns about lofty tech valuations and US interest rates

Prime Minister Donald Tusk says two Ukrainians working for Russian intelligence are suspected of sabotage attempt

Sale to Leonard Green at $1.1bn valuation is almost half what golf club maker paid for company during pandemic

Shortages have left bloc’s recycling industry fighting for survival