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Business
The $2.6bn plan to connect Texas to the US power grid
Hello and welcome back to Energy Source, coming to you from New York. The Federal Trade Commission is poised to approve ExxonMobil’s $60bn acquisition of Pioneer Natural Resources…
Peloton CEO to step down, company will cut 15% of global workforce
Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just more than two years in the role, the company announced Thursday. Karen…
Novo Nordisk cuts weight loss drug prices amid competition from rivals
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Novo Nordisk is lowering prices of its weight loss drug…
Delays and government errors: How college financial aid became such a hot mess
New and returning college students' timelines for applying for federal financial aid and receiving their award offers have been thrown off this year after the botched rollout…
SocGen trader fired for ‘unauthorised’ bets says ‘risk team and bosses’ share blame
Standard DigitalWeekend Print + Standard DigitalComplete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%.Global…
Max to offer paid-sharing in password-sharing crackdown
Warner Bros. Discovery will reportedly implement paid-sharing on Max as it gets stricter later this year about subscribers letting other people use their accounts. Bloomberg…
US law firm Mayer Brown to hive off China operations
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.US law firm Mayer Brown is to split its China operations…
Gisele Bündchen’s former $17M townhouse for sale as model battles paparazzi in new Florida neighborhood
Gisele Bündchen's former home is officially on the market for $16.9 million. Built in 1851, the New York City townhouse boasts four stories, in addition to a fully finished…
Weed after beer, and nothing’s clear
Stay informed with free updatesSimply sign up to the Retail & Consumer industrymyFT Digest -- delivered directly to your inbox.MainFT:Joe Biden’s administration is planning to…
Hyatt, Peloton team up to offer bikes at 800 hotels
Hyatt and Peloton are partnering to make the fitness company’s equipment and classes available at hundreds of hotels worldwide. The two companies unveiled the team-up on…