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Business
Biden administration says Medicare owed rebates for drug prices that outpaced inflation
The Biden administration announced on Thursday that it will require dozens of pharmaceutical companies to pay rebates to Medicare after hiking drug prices more rapidly than…
The break-up that could reshape Bolloré’s empire
One thing to start: BP has denied to senior staff that the board was “unduly harsh” in its decision to claw back millions of pounds in pay from Bernard Looney, in a move that…
Lionel Messi’s World Cup-winning jerseys sell for $7.8 million
Six of the jerseys Lionel Messi wore during his World Cup run last year were auctioned off at a jaw-dropping price on Thursday. The shirts Messi wore throughout the run,…
Chinese spies recruited European politician in operation to divide west
Chinese spies had run a far-right Belgian politician as an intelligence asset for more than three years in a case that shows how Beijing has conducted influence operations in an…
Starbucks accused by NLRB of union busting for closing 23 stores
The National Labor Relations Board is looking to force Starbucks to reopen 23 stores the coffee giant closed last year, accusing the company of shuttering the union and…
FirstFT: EU fails to agree €50bn Ukraine funding after veto from Hungary’s Orbán
Stay informed with free updatesSimply sign up to the WorldmyFT Digest -- delivered directly to your inbox.Good morning.The EU has failed to agree a critical €50bn financial aid…
Elon Musk planning STEM-focused school, university in Texas
Billionaire Elon Musk has set his sights on his next venture- a new primary and secondary school, and ultimately a university, in Austin, Texas, according to reports by…
Vivendi: break-up would reward Bolloré family with rule of three
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If Vivendi today were the Rolling Stones then Mick Jagger…
Wisconsin Taco John’s bans unsupervised kids after unruly behavior
Following a recent string of incidents, a Wisconsin Taco John's implemented a new policy that bans "unsupervised minors" from the restaurant. According to the new policy…
A quant winter’s tale
Clifford Asness’s office is an odd mix of finance old-timer and teenage bedroom. Books about Churchill stand alongside DC Comics encyclopaedias, the sea of family photos is dotted…