US readies new pharmaceutical tariffs
Levies of 100% on certain medicines would implement threats Trump made last year
US Treasury calls in regulators for talks on private credit risks
Discussions will include American and international insurance watchdogs
The Easter holidays beckon once more
‘He broke a tooth biting the heads off chocolate bunnies’
Oil jumps as Donald Trump vows to hit Iran ‘extremely hard’
President says conflict is ‘nearing completion’ but also threatens sweeping new round of strikes
Letter: An entrepreneurial lens on the AI jobs crisis
From John W Mullins, Associate Professor of Management Practice, Marketing and Entrepreneurship, London Business School, London NW1, UK
Letter: Home Office overkill?
From Sam Ingham, Senior Solicitor, Laura Devine Immigration, London EC4, UK
Letter: A librarian’s lament
From Joe Keaney, Retired Librarian, Manchester, UK
Letter: Europe cannot escape the contagion in private credit
From Rosemary McCollin, Executive Vice-President, Fund Solutions (EU & ME), Vistra, London SW1, UK
Letter: Let’s press ‘pause’ on the contactless revolution
From Peter Harvey, Bingley, West Yorkshire, UK
Nasa’s first crewed mission to the Moon in more than 50 years blasts off
Artemis II overcomes technical delays to launch smoothly from Kennedy Space Center
Feud between Two Sigma founders continues to plague fund
Co-chief appointed to quell dispute quietly resigned last month citing ‘ongoing governance challenges’
Will $100 oil speed up the EV shift?
As fuel prices rise and the outlook becomes more uncertain, the economics of car choices and manufacturing become harder to ignore
Active social media use drops as Brits become more cautious online
Proportion who are actively posting, sharing or commenting has dropped since last year
FT Crossword: Number 18,334
Amazon in talks to buy $9bn satellite group Globalstar in bid to rival Musk’s Starlink
Ecommerce giant is trying to catch up with SpaceX’s low Earth orbit internet service
France probes Iran links in thwarted attack on Bank of America
Police arrest three men in possible connection with new Iranian group Ashab al-Yamin
FirstFT: Chinese government bonds resilient amid global debt sell-off
Also in today’s newsletter: SpaceX kicks off largest IPO process in history, and Saudi Arabia bridles at Trump’s handling of Iran war
SpaceX filing kicks off largest IPO process in history
Confidential submission to US regulator sets up summer listing
UAE curbs entry by Iranian nationals
Gulf state imposes restrictions after facing attacks from Islamic republic
LNG powerhouse Australia leans on export strength to weather energy shock
World’s third-largest supplier hopes Asia trade will offer leverage for much-needed fuel and diesel supplies
Saudi Arabia bridles at Trump’s way of waging war
Nearly five weeks after US and Israel attacked Iran, Washington’s Gulf ally frets about the damage
Nike shares tumble 15% on unexpected forecast for sales decline
Sportswear group’s softer than anticipated outlook stirs concerns about multiyear turnaround plan
Spanish defence group chair quits after M&A clash with government
Indra’s Ángel Escribano to step down after planned tie-up of EM&E was abandoned following conflict of interest concerns
Eli Lilly wins US approval for weight-loss pill
New drug Foundayo sets up battle with Novo Nordisk for oral obesity drugs