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Business
Merck shares fall after multiple sclerosis drug trial fails
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Shares in German pharmaceutical group Merck fell nearly…
The death of woke capitalism
Americans have rocked the woke. Disney recently admitted what every shareholder and reasonable observer has long known: Its activist strategy has negatively impacted its…
A new calendar hopes to revive the real spirit of advent
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Over the past week, millions of doors across Britain have…
McDonald’s investor day will feature possible updates on multiple key topics
Many investors will look to McDonald’s on Wednesday as the fast-food chain holds its investor day later in the morning. The Chicago-based company, helmed by CEO Chris…
Venezuela orders oil drilling in Guyana-run territory
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Venezuela’s revolutionary socialist President Nicolás…
Credit card spending by Americans is ‘losing steam’
Americans have continued to open up their wallets and spend over the past two years, even in the face of stubborn inflation and high interest rates. However, there are some…
Gulf funds increase investment in south-east Asia as China retreats
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sovereign funds from Saudi Arabia, the United Arab…
Jimmy Stewart’s voice is the basis for a new AI-generated bedtime story: ‘It’s a Wonderful Sleep…
An AI-generated version of late movie legend Jimmy Stewart's voice will narrate bedtime stories on "Calm," a sleep-aid and meditation app. "The project has the consent of…
Tui considers delisting from London
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Europe’s largest tour operator Tui is considering…
Johnny Carson’s ’81 DeLorean DMC-12 is up for auction: ‘A cult classic’
"The index has actually increased by 70% over the past five years, with the 1981 DeLorean DMC-12 increasing in value by 8% over the last 12 months alone," Kovac said.ON THIS DAY…