The world in a glance.

Bill Ackman says his stake in Universal Music has languished — and now he’s come up with a $64 billion offer

Pershing Square has proposed a merger to address the stock’s “underperformance.”

Bill Ackman’s Pershing Square offers €55bn to buy Universal Music Group

Proposed deal would combine world’s largest music group with a blank-cheque company

Trump says US could destroy Iran ‘in one night’ as he demands opening of Hormuz

President steps up threats to target civil infrastructure if Tehran does not agree deal by Tuesday night

Artemis II astronauts head back to Earth after record-breaking Moon trip

Donald Trump congratulates crew and promises Nasa will establish human lunar presence

Jeff Bezos’s new lab hires xAI co-founder from OpenAI

Kyle Kosic joins Project Prometheus, the secretive start-up working on systems that can understand the physical world

The internet is deciding what to forget

Do digital bananas in Hawaiian shirts chatting up pineapples need to be saved for posterity? Probably not

Brussels banking rules could hit lenders and UK-EU ‘reset’, City figures warn

Concern that efforts to boost European defence spending could also be damaged

JPMorgan to build Canary Wharf’s tallest tower after City airport approval

Bank wins clearance for 265-metre skyscraper after talks over low-flying aircraft

The future of global trade won’t depend on the Strait of Hormuz

A new infrastructure is being built rapidly to avoid the strategic chokepoint and ensure global energy and food security

US counts cost of equipment destroyed in Iran war

Lost aircraft and radars contribute to estimated $500mn daily price tag and leave US exposed elsewhere

Anthropic in chips deals with Google and Broadcom worth hundreds of billions

AI start-up secures more computing capacity as annualised revenues hit $30bn

Iran’s top military command calls Trump’s threats against infrastructure ‘delusional’

Tehran says US president’s ‘rude’ and ‘baseless’ threats do not make up for America’s ‘humiliation’ in the region

Broadcom’s stock is rising. Here’s why its new Google and Anthropic deals are so significant.

Expanded chip agreements “put the spotlight back on Broadcom as a major winner” and could pave the way for earnings upside, analysts say.

Trump says US could destroy Iran ‘in one night’ as he demands opening of Hormuz

President steps up threats to target civil infrastructure if Tehran does not agree deal by Tuesday night

Amazon, USPS strike a deal — showing they still need each other despite threats of big delivery cuts

The agreement arrives as Amazon continues to expand its warehouse network and focus on same-day deliveries.

Here’s the somewhat surprising stock that will soon join the S&P 500

In replacing Hologic, the index committee at S&P Dow Jones opted for a convenience-store retailer instead of another healthcare company.

As stocks approach a true comeback, here’s where investors can find the richest opportunities

The S&P 500 remains down this year despite its recent rebound.

A top J.P. Morgan strategist tackles some of the biggest myths about the war in Iran

Just because the U.S. is a net exporter of certain fuels doesn’t mean its economy won’t feel some serious blowback from higher global energy costs driven by the conflict in Iran.

Trump administration finalizes better-than-feared Medicare Advantage payment rate in boost to health insurers

The Trump administration will increase average Medicare Advantage payments by 2.48%, or more than $13 billion, in 2027.

Strait of Hormuz sees increased ship traffic ahead of Trump’s deadline. Here’s why oil prices are not budging.

The Strait of Hormuz saw an uptick in traffic over the weekend, as a looming U.S. deadline for Iran to reopen the key waterway kept markets on edge.

UK to host meeting on safe passage through the strait after war

Conference comes after Donald Trump warns western allies they will have to secure the strategically important waterway

Trump moves to scrap utility bill aid for Americans, as soaring energy costs hit over $1,000 on average this winter

The White House is moving to scrap a program that helps low-income people pay their utility bills at a time when Americans’ energy costs are surging.

Trump renews threat to ‘decimate’ Iran as Tuesday deadline looms

US president says power plants and bridges will be attacked if Tehran does not open Strait of Hormuz

3 factors that could get software stocks going again after a brutal stretch

It may not be a quick turnaround for the software sector, but here are three themes investors should monitor as they consider whether to re-engage.

Americans are increasingly saying they won’t pay their taxes this year as a political protest. Here’s what could happen to them.

TikTok videos suggest paying taxes is voluntary — but that’s a myth. People who don’t pay can be fined and even end up in prison.

I just learned my 82-year-old mother owes $130,000 in back taxes to the IRS — and she could lose her house

My sibling and I want to inherit the house one day, but we might have to sell to pay off the debt.

This ‘overlooked’ AI stock is a new top pick at Morgan Stanley

Morgan Stanley says investors still aren’t giving Seagate’s stock enough respect, despite its massive recent gains.

‘I worked very hard’: I’m 71 and have $6 million after scrimping and saving. My son, 33, wants money for a house. Do I say yes?

“My son is 33 years old, married, with an 18-month-old baby and another baby due in September.”

How a ‘short squeeze’ could still move Avis’s stock much higher

Avis’s stock could still rally a lot more because of a technical “short squeeze” triggered in late March, according to Deutsche Bank.

The UK is turning the energy crisis into a political mess

Castigating companies for ‘profiteering’ is nonsensical and unhelpful rhetoric

How Europe made Viktor Orbán

Hungary’s illiberal champion has benefited from the misjudgments and complacency of other leaders

Why the S&P 500 could drop to 6,000 before it reaches a fresh record high

The S&P 500 needs a bigger selloff before it can start marching to a fresh record high, says BTIG’s Jonathan Krinsky.

It’s not just patients who are sick of fighting health insurers. Doctors are frustrated, too.

The pattern is clear — insurance companies get rewarded for their ability to profit from system complexity.

Economy jolted by Iran war. Inflation bubbles up and service companies curb employment.

The largest part of the economy grew a bit slower in March as the Iran war drove up oil and other prices and companies responded by reducing employment, suggesting a rockier path…

Israeli strikes shut down crucial Iranian petrochemical plants

Vital industry sites and export revenue sources hit as Tehran threatens to respond ‘crushingly’ to Trump ultimatum

Jamie Dimon warns rising oil prices could trigger a recession and a bear market in 2026

Jamie Dimon warns of a “skunk at the party” in 2026 in the form of rising inflation leading to a selloff in the stock market.

United Airlines wants even higher ticket prices. It’ll get them — with or without the Iran war.

United’s new ‘luxury’ strategy is a risky bet for investors when fares and complaints are sky-high.

Is the world running out of oil? Here are three ways Goldman Sachs is answering that critical question.

Analysts led by Yulia Zhestkova Grigsby, a commodities strategist, looked at product supplies, price responses and anecdotes to address the issue of whether the global economy is…

JPMorgan CEO Jamie Dimon in annual letter cites risks in geopolitics, AI and private markets

JPMorgan CEO Jamie Dimon in his annual letter to shareholders noted the country's 250th anniversary and called for a broad recommitment to American ideals.

Google just sucker-punched these highflying tech stocks — don’t let the relief rally fool you

Google’s TurboQuant cracks the memory-chip cartel — and the hardware-heavy AI thesis now looks like yesterday’s news.

Britain needs a plan to invest in defence

Repeated delays are worrying partners and risk losing key technologies

US stock futures rise on reports of Middle East ceasefire proposal

Proposal for 45-day ceasefire reported to have been shared by Pakistan, Egypt and Turkey ahead of Trump deadline

‘This is an overlooked catastrophe’: Why do so many hospitals not accept Medicare Advantage for cancer patients?

“Insurers have pushed certain cancer-care centers out of network before the end of the calendar or policy year.”

Trump is hastening Britain’s return to the EU

Economics, security and domestic politics all point the Starmer government towards Brussels

Jamie Dimon warns private credit losses will be larger than feared

JPMorgan chief raises alarm on weakening lending standards in annual shareholder letter

Is it unethical to use AI in my Airbnb photos to market my property to guests?

“No matter what I do, the beds still look a bit creased and worn, even grubby, in pictures.”

‘Our FICO score is excellent’: My husband and I are in our 70s. How do we raise $10,000 for a new roof?

“We currently have a home equity line of credit in the amount of $30,000 and a car loan of $15,000.”

Bank of England divided on how to tackle energy-induced inflation

After a rare unanimous vote to hold interest rates in March, conflicting approaches are likely at this month’s MPC meeting

Bank of England divided over how to tackle energy-induced inflation

After a rare unanimous vote to hold interest rates in March, conflicting approaches are likely at this month’s MPC meeting

EU warns capitals against turning energy crunch into fiscal crisis

Excessive spending to cushion soaring prices would have ‘serious fiscal implications’, says economy commissioner