Five things we learnt from Trump’s financial disclosure
The US president earned more than $1bn from digital currency interests as well as real estate and stock trades
White House lifts ban on Anthropic models
US government move allows AI start-up to re-release Mythos and Fable models
Uber-backed Lime raises $167mn in bike and scooter group IPO
Shares are priced at $25 in the deal underwritten by Goldman Sachs, JPMorgan and Jefferies
Chinese carmakers’ hunger for chips boosts national self-reliance drive
EV makers such as global leader BYD are rushing to increase use of locally developed semiconductors
US Supreme Court checks Trump’s power even as it bolsters the presidency
The rulings this week serve notice that America’s top court is ‘not just rolling over’ for US president
Starmer announces UK defence budget increase
Letter: Could the challenge of robotics see China re-embrace Marxism?
From Danny Leipziger, Professor of International Business, George Washington University, and Managing Director of the Growth Dialogue, Washington, DC, US
Letter: For America, this is the Iran war fairytale ending
From Trevor Lyttleton MBE, London NW11, UK
Letter: Right royal grudge match
From Arthur Birchall, London TW7, UK
Letter: Why the poorest towns are unmoved by Brexit largesse
From Judith Martin, Winchester, Hampshire, UK
Letter: An impossible to prove economic counterfactual
From Dick Sands, London TW8, UK
Donald Trump made more than $1bn last year in return to presidency
US president also earned hundreds of thousands of dollars from licensing of Bibles, watches and perfume while in office
Letter: The choice is always between guns and butter
From Professor Martin Weale, King’s Business School and Department of Political Economy, King’s College London, London WC2, UK
Letter: How Europe leverages its financial power to re-arm
From Guy de Selliers and Edward Lucas
Letter: Pension triple lock is not an issue of sustainability
From Ian Thompson, London TW11, UK
Letter: Graduate earnings’ data is linked to degree choice
From Tim Leunig, Honorary Professor, Department of Political Science, University College London, London WC1, UK
FT Crossword: Number 18,414
Nike earnings helped by tariff refund but sales decline in China
Sportswear manufacturer reported $11bn in revenue in its most recent quarter, the lowest since February 2022
Apple’s Cook holds ‘constructive’ talks with EU tech chief over ‘Siri AI’
Discussions come as tech group seeks to avoid fines as it and the bloc have been deadlocked over launch of AI assistant
Alcoa strikes $4.8bn deal for South32’s alumina and bauxite assets
US aluminium group expands as disruptions in Middle East push up grey metal prices
FirstFT: ‘Unprecedented’ plane crash raises questions about Beijing’s security
Also in today’s newsletter: an interview with Nato chief Mark Rutte, and US Supreme Court rejects Trump’s bid to end birthright citizenship
Satellite TV group Dish files for bankruptcy to cut $9bn debt load
Parent company EchoStar has surged to $30bn market capitalisation from windfall on SpaceX holding
School economics class: This town received a £96mn post-Brexit makeover. It voted Reform anyway
Employment
US Supreme Court rejects Trump’s bid to end birthright citizenship
Ruling is major blow to president’s immigration agenda