NBA offers $3bn sweetener for European basketball league bids
US league looks to reassure potential team owners over slow path to profits
Kalshi valuation quadruples to $22bn in less than a year
Platform raises $1bn in fundraise led by Philippe Laffont’s investment firm Coatue
FT quiz: the week in news
Ten topical questions to test your news nous
China hands two former defence ministers suspended death sentences
Punishment underlines severity of Xi Jinping’s sweeping purge of powerful military
British-Chinese nationals found guilty of spying for Hong Kong
Two men, including former Border Force official, convicted in trial at London’s Old Bailey
UK and US launch disease control measures over hantavirus
Nearly 30 passengers had already left cruise ship struck with rodent-borne illness before alarm was raised
Africa’s richest man Dangote plans London listing of cement empire
Billionaire behind $13bn company says rule changes to encourage UK listings make plan more attractive
Wall Street rebound driven by smallest number of stocks on record
Soaring S&P propelled by Big Tech equities prompts warnings about ‘fragility’ of rally
Let’s stop blaming retail investors for wonky markets
They are finance’s saviours as well as its villains
Starmer scrambles to resolve dispute over delayed UK defence budget
Prime minister holds talks in effort to finalise 10-year investment plan as part of post-election reset
Citi disappoints investors with modest profit targets
Shares in Wall Street bank fall 3% in pre-market trading
Rubio seeks to mend ties with Pope Leo after Trump row
Secretary of state dispatched to Vatican to defuse tensions over Iran war
Who will drive the driverless car revolution?
US companies still lead in innovation but their Chinese rivals are speeding ahead in the deployment race
What will Trump’s war on Iran mean for global trade?You asked, Alan Beattie answered
The FT’s trade columnist replied to reader questions
Democrats turn to working-class candidates to win back voters
Also in today’s newsletter, the US’s hunt for a new missile interceptor and Marco Rubio’s audience with Pope Leo
Lloyd’s of London debates disclosing findings of probe into governance concerns
Insurance market hired Freshfields to investigate promotion of executive close to then-CEO
Police arrest man on suspicion of selling Morgan McSweeney’s phone
Former Downing Street chief of staff said his device was stolen in October last year
Pragmata and Saros — these sci-fi shooters are enormous fun to play
Two of the year’s biggest and flashiest games offer gruesome, tentacular monsters and robots hell-bent on extermination
Can AI help developing countries to ‘leapfrog’ into the future?
For Africa, opportunities may lie in sequencing
The mysterious $53bn ‘other income’ boost to AI hyperscaler earnings
Quantum entanglement
McDonald’s sales rise as chain reaps rewards for cheap meals push
Fast food group beat expectations but record US ground beef prices threaten margins
Private equity tech investor Hg marks down holdings after software sell-off
Listed vehicle Hg Capital Trust cut valuations of 14 of its 20 largest portfolio companies
Why the cool kids have fridges in their bathrooms . . .
. . . and bedrooms and gyms. Storing supplements, skincare and ginger shots has given rise to a burgeoning interiors trend among the worried well
Can Europe close the AI gap with the US and China?
Also in today’s newsletter: a new company seeks to tackle the power constraints on European data centre growth