In BIG PICTURE NEWS, we look at Trump on wars, Trump on tariffs, Trump and Musk taking on agencies, surprise growth for the UK, gold's boom and Elliott on BP. In MUSK BUSINESS NEWS, we consider how Musk's businesses will benefit from him being Trump's BFF, a state department blip and the potential withdrawal of his OpenAI bid. In TECH NEWS, Arm stirs things up, TikTok returns to US app stores and Alibaba commits to Apple. In MISCELLANEOUS NEWS, Honda/Nissan is dead, Porsche looks to cut jobs, the number of first-time buyers increases and Moncler hits higher revenues. AND FINALLY I bring you the Adidas/Puma origin story...