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Business
Trump wants to roll back Biden's EV push: here is how it would affect consumers
President-elect Trump is expected to unravel many of the green initiatives pushed through by President Biden when he returns to the White House, including rules aimed at…
Ottimo raises $140mn in pursuit of ‘$100bn market’ for new cancer drugs
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ottimo Pharma, which is developing a new cancer drug, has…
Consumer watchdog warns companies against devaluing credit card rewards, launches tool to avoid scams
A federal consumer watchdog is warning that certain credit card companies may be illegally devaluing accrued rewards such as points or airline miles. The Consumer Financial…
The great Guinness shortage has lessons for Diageo
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.When I visited my nearest hipster pub in east London this…
Senate scraps vote to renominate SEC's Crenshaw following crypto backlash
The Senate Banking Committee has scrapped a vote to advance the renomination of Democrat and crypto-skeptic Securities and Exchange Commissioner Caroline Crenshaw to another…
EY wins first Dax audit client since Wirecard scandal
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.EY has signed up its first new Dax-listed audit client…
'Very wrong': Elon Musk case sparks calls for reform after judge awarded massive judgment for lawyer fees
A Delaware judge’s ruling that plaintiff attorneys in a case against Elon Musk were entitled to hundreds of millions of dollars in legal fees has prompted renewed calls for…
Water bills to rise by 36% after Ofwat review
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK water regulator Ofwat will allow utilities in England…
Federal Reserve cuts interest rates by quarter point in December
The Federal Reserve on Wednesday announced its third straight interest rate cut, lowering the benchmark rate by 25 basis points amid economic data showing that inflation…
FirstFT: Trump 2.0 looms large over Federal Reserve’s 2025 outlook
Today’s agenda: EY wins client despite German ban; BoE rate decision; US government faces shutdown; draw-it-yourself chart of the day; and the FT’s Person of the YearGood morning.…