P&G seals $3.8bn deal for supplements company Thorne
Consumer goods group expands its health business in a sector that has boomed since Covid pandemic
Trump’s ex-lawyer poised to become attorney-general after ‘slush fund’ U-turn
Todd Blanche’s nomination clears US Senate panel as Republican holdouts drop objections
US diesel prices overtake Biden-era average in blow to Trump
Cost for fuel that powers industrial America set to remain elevated even as crude falls
An overdue show of EU solidarity with Spain
Instinct to punish Madrid’s liberal approach to migration is self-defeating
US stocks jump after Bessent says deal to reopen Hormuz is imminent
S&P 500 hits record high as Iranian and Omani negotiators agree on temporary shipping arrangement
Palantir rides high on greed and fear — but mostly fear
Given its prodigious growth and the belief that this will continue, the anxiety many feel is the fear of missing out
Salzburg’s Ariadne auf Naxos gets lost in space
The Festival transports Strauss’s opera to Mars — with a rough landing
Early release scheme may not avert future prison crisis, say experts
Ex-chief inspector of prisons warns of ‘real risk’ that measure will not be enough to prevent overcrowding within a few years
US labour market stable in June
While headline vacancies fell, other indicators suggested robust economic activity
Spotify profits hit by heavy spending as fears build over streaming growth
US-listed group’s user growth forecasts miss estimates as it invests in AI tools to build its subscriber base
Wall Street’s insurance takeover presents circular risks and rewards
Aggressive tactics are prompting increased regulatory scrutiny
MFS administrators sue Barclays after accounts access frozen
Creditors of failed UK mortgage provider try to recoup assets amid allegations of double pledging
Japan LLC trading update
Currency P&L looking sweet
Polymarket in fundraising talks at valuation of more than $20bn
Prediction platform looks to raise $1bn as it tries to gain ground on rival Kalshi
Water companies feel squeeze of abstraction limits as drought deepens
Industry group calls for government targets to be relaxed during heatwaves
Saudi-Israel tensions could frustrate India’s IMEC dreams
Modi banked on an India-Mediterranean corridor to rival China’s Belt and Road, but politics is getting in the way
In Venezuela, legitimacy matters more than continuity
Washington has forgotten the lessons of 1989, when the US backed democratic dissidents over ancien regime insiders
Blanche secures key Republican support clearing way for A-G confirmation
Also in today’s newsletter, how Michigan’s Senate race is putting ideological divisions of Democrats on display
Developing countries have ‘less to fear’ from AI than rich nations
World Bank says workers in poorer economies more likely to benefit from the technology than be replaced by it
South African court hears challenge to land seizure law opposed by US
Democratic Alliance party seeks to scrap ANC policy used by Trump to justify ‘refugee’ scheme for white South Africans
This Carmen could have been awful. Instead, it’s grippingly marvellous
Extraordinary vocal feats and a crystal-clear vision — a directorial debut at Salzburg Festival hits the perfect note
The Fed goes Wacko
Warsh’s Awful Communications: Knowingly Opaque. Also in this newsletter, the BoE shows how it’s done
Fifa executive criticises Infantino’s ‘reproachable’ stake sale plan
Comments from secretary-general Mattias Grafström add to pressure on Fifa president
Japan’s fusion industry seeks state backing amid Middle East energy strain
Also in today’s newsletter, oil bosses draw Trump’s ire after blockbuster earnings