Bezos’s AI lab nears $38bn valuation in funding deal
Company code-named Project Prometheus is working on models for industrial applications
Anthropic and Amazon agree $100bn AI infrastructure deal
Start-up behind Claude tool seeks to bulk up on chips and computing power after suffering outages this year
Trump’s social media posts are transforming oil trading
‘I’ve got a hot tip from a contact who says Trump is about to say something incendiary’
Mukesh Ambani loses his crown
Also in this newsletter, good news for banks, but bad news for the economy
Letter: The squeeze on chocolate companies was entirely predictable
From Samuel Sinclair, Co-Founder and Director, Biodiversify, London E1, UK
Letter: Deterrence is not the only strategy to avoid wars
From Gabrielle Rifkind, Director Oxford Process, London NW3, UK
Transcript: Opus Dei, Ep. 4 — The closest tabernacle to the White House
How Opus Dei became a key pillar of conservatism in Washington
Letter: Pigs that attack humanoid robots — whatever next?
From Bruce Couchman, Toronto, ON, Canada
Letter: Mayfly — a better metaphor for a private credit crisis
From Jonathan Lane, London N6, UK
Letter: Swiss laying claim to their own drone technology
From Alexander E Brunner, President, Defense Innovation Association Switzerland, Zurich, Switzerland
Ex-Foreign Office head to accuse Number 10 of pressuring him over Mandelson appointment
Sir Olly Robbins to tell MPs about vetting of Labour grandee who briefly served as ambassador to US
FT Crossword: Number 18,351
Amazon’s ambition to rival Starlink set back after Blue Origin rocket grounded
Federal Aviation Administration forces Jeff Bezos’s space venture to halt operations of flagship New Glenn
Donald Trump’s labour secretary resigns in latest US cabinet departure
Lori Chavez-DeRemer is the third official to leave Trump’s cabinet in less than two months
FirstFT: Apple CEO Tim Cook will step down in September
Also in today’s newsletter: China-Japan tensions grow, and Keir Starmer fends off calls to quit
Apple CEO Tim Cook to hand over to John Ternus in September
Head of hardware to become next chief executive while Cook will become chair of the iPhone maker
The M&A strategy behind Berkshire Hathaway’s latest Japan tie-up
Deal with non-life insurer Tokio Marine moves Warren Buffett’s conglomerate beyond its investments in trading houses
What does AI really mean for your work? Submit your questions
Take part in a live Ask an Expert Q&A with Sarah O’Connor, John Burn Murdoch and Madhumita Murgia on Thursday April 23 at 1pm BST
Heathrow can raise airline fees to pay for third runway bid, regulator says
Civil Aviation Authority’s draft decision comes despite criticism from carriers over airport’s expansion project
Starmer accused of scapegoating officials over Mandelson scandal
UK prime minister fends off calls to quit in chastening House of Commons debate
Trump’s call to deregulate psychedelics boosts drugmakers’ shares
Stock in UK-based Compass Pathways jumps to highest level in two years following president’s executive order
US Export-Import Bank boosts energy lending during Iran conflict
Trade finance agency ‘inundated’ with requests to support US oil and gas exports, says president John Jovanovic
William Hill’s owner can squeeze extra winnings from its suitor
A bid for owner Evoke sounds generous, but cost cuts might boost returns further
Kevin Warsh to say Fed independence not threatened by political pressure
Donald Trump’s pick for chair will tell powerful Senate committee that central bank must ‘stay in its lane’