In BIG PICTURE NEWS, we consider reaction and retaliation to Trump's tariff regime, Harvard's push-back and fleeing Americans. In HEAVY INDUSTRY NEWS, CATL breaks BYD's EV battery charging record, Britain is to boost explosives production and the UK faces a China dilemma. In MISCELLANEOUS NEWS, Nomura buys Macquarie's US and European asset management business, Woodford's launch is well-timed, Asda looks to convenience stores and Halfords makes progress. AND FINALLY I bring you more from the crazy world of private jets...