The Glam

FirstFT: JPMorgan reshuffles its top bankers

Also in today’s newsletter: Sam Altman takes the stand in the OpenAI trial and Trump flies to Beijing

Meet the people trying to safeguard centuries of skills

US consumer demand drops after households lose access to federal Snap subsidy programme

US chief executives should be wary of putting their own convenience ahead of transparency

The interior designer shares her secret address book

UK housebuilder warns first-half profits will drop significantly as it slashes home prices to generate cash

With his offer rebuffed by eBay, the ball is now in GameStop boss Ryan Cohen’s court

Chinese group’s technology allows electric vehicles to be charged in as little as five minutes

Accepting a world of economic trade-offs is crucial for the country’s future

While cabinet ministers publicly back PM, others are losing patience with policy delay and lack of direction at the top

Japanese group books net income of $11.6bn in fourth quarter, vastly ahead of analyst expectations

Iran war has cut into oil consumption but not enough to halt ‘rapid’ draw on inventories

Sweden-based buyout firm made ‘final’ offer of £60 a share for UK company

Peter Thiel-backed company raises $5bn as the US administration turns to smaller players for latest military kit

Prime minister met potential leadership rival ahead of King’s Speech

Gillian Tett and Robin Wigglesworth talk to macroeconomist and author Felix Martin

Government wants to curb non-essential imports to protect the rupee

Plus, UK gilts

Commonwealth Bank slides 10 per cent amid budget changes and darkening economic outlook

Denethor’s tomato scene immortalised in plastic bricks; Polymarket’s odds calculated; America’s ailments diagnosed; Schliemann’s legacy destroyed;

Also in this newsletter: EU edges closer to a social media ban for children

Wall Street South vs Wall Street North

From Neil Lawrence, DeepMind Professor of Machine Learning, University of Cambridge; Chair, ai@cam, Cambridge, UK

From Craig Sams, Executive Chairman, Carbon Gold, Hastings, East Sussex, UK