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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Sir Keir Starmer is next week set to sign Britain up to a €60bn EU defence loan scheme for Ukraine, as he seeks to use his last week in Number 10 to cement an improved post-Brexit relationship with Europe.The UK prime minister will commit to financial contributions to the scheme proportional to the value of the contracts awarded by Kyiv to British defence companies.Without paying, they would only be able to receive 35 per cent of the value of any contract.Downing Street…
Next week, several exchange-traded fund companies plan to hit the market with the latest ETFs offering a way to add leverage to bets on single stocks, in this case, on the South Korean chip giant SK Hynix, which began trading in the U.S. on Friday. The development should come as no surprise: similar SK Hynix portfolios are already among the most popular ETF trades in South Korea’s market. And there is nothing inherently wrong with the planned SK Hynix ETFs coming to the U.S. from companies including GraniteShares and ProShares. Demand for the stock that has effectively been off the…
Meta AI image detector fails to identify some of its own cropped AI images, Reuters analysis finds Source link
BETA Technologies’ all-electric ALIA CTOL conventional takeoff and landing aircraft flies over Chicago.Courtesy: BETA TechnologiesBeta on Friday said it wrapped up the first test flights in the U.S. government’s sweeping electric vertical takeoff and landing pilot program aimed at making the vision of flying taxis a reality.The aerospace company, which is backed by Amazon, said the flights transported manufactured organs from United Therapeutics between airports in Maryland and Virginia. The flights totaled about 275 nautical miles. “Today’s successful missions, set the stage for routine medical applications through electric flight at a much lower cost nationwide,” Beta CEO Kyle Clark said…
Sen. Elizabeth Warren, a Democrat from Massachusetts and ranking member of the Senate Banking, Housing, and Urban Affairs Committee, speaks to members of the media following a confirmation hearing in Washington, June 25, 2026.Graeme Sloan | Bloomberg | Getty ImagesFive top Senate Democrats on Friday renewed calls for hearings into President Donald Trump’s cryptocurrency holdings, citing his new financial disclosure and questions about foreign and unidentified investors in his family’s crypto business.The Democrats called on the Republican-controlled committees where they serve as ranking members to investigate any national security implications raised by Trump’s disclosure for 2025, which became public on…
Meta Platform’s AI efforts are looking like the recipe for a comeback after an almost year-long drought in shares of the $1.7 trillion market-cap company.Shares of Mark Zuckerberg’s social media giant jumped more than 6% Friday to the highest level since April, extending gains that began earlier this month when the company detailed plans to sell access to its AI computing capacity. On Thursday, the company launched Muse Spark 1.1, an AI coding product that will compete with Anthropic and OpenAI. Shares of Meta are flat on the year, while the tech-heavy Nasdaq-100 is up 18%.Options traders piled in on…
Check out some of the companies making the biggest moves midday: Meta Platforms — Shares of the Instagram and WhatApp parent jumped almost 6%, extending a weekly gain to more than 14%, the most since early 2024, boosted by a Reuters report saying Facebook is looking to put an AI chip into production in September, and suggesting its compute costs will come in lower than Wall Street expected. SK Hynix — The South Korean semiconductor company’s stock opened at $170 on the Nasdaq, then rose about 17%, as U.S. investors jumped at the opportunity to get a stake in South…
Warburg Pincus nears $7 billion deal for PANTHERx Rare, WSJ reports Source link
The European Union is ramping up pressure on Meta to make big changes to Facebook and Instagram after the European Commission preliminarily found that features like autoplay, infinite scroll, and highly personalized content recommendations were addictive. On Thursday, the EC said its investigation indicated that “Meta did not adequately assess the risks of its addictive design on the physical and mental wellbeing of users, including minors and vulnerable adults.” “These features fuel the user’s urge to keep scrolling and shift the brain into ‘autopilot mode,’ contributing to unhealthy habits and compulsive use,” the commission said. Over the next few months,…
Devon and Cornwall Police have confirmed a 26-year-old man has been arrested as part of a murder investigation into the death of Ann Widdicombe.The 78-year-old Reform UK spokeswoman and former Conservative minister was found dead in her Dartmoor home on Thursday morning. The police also said the situation is not being treated as a terrorist incident after consulting with counter-terror policing as part of “initial enquiries”Read more. Source link