In BIG PICTURE NEWS, the war drags on, the impact grows and the Trump administration gets blocked from punishing Anthropic. In BUSINESS TRENDS, banks face down Iran, AI and private credit, UBS gates a big property fund and a European missile champion sees rising interest. In MISCELLANEOUS NEWS, consumers are spooked, England's housing is at its most "affordable" since 2015, OpenAI postpones another non-core project and Currys falls. AND FINALLY, I bring you a fun challenge for the weekend...
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