In BIG PICTURE NEWS, the US relents on chips to UAE, Starmer veers towards income tax rises, we review what Reeves could impose and Ørsted offloads. In M&A AND IPO NEWS, Kimberly-Clark strikes a $40bn deal, a $13bn oil and gas driller is created, Starbucks sells a majority stake in its China business, AstraZeneca gets the NY go-ahead, Pfizer fights to defend its Metsera bid and we consider last week's London listings. In TECH NEWS, OpenAI does a massive deal with Amazon, Palantir sees revenues boom, Apple Watch data with AI makes an amazing combo and chip production moves out of the UK. In MISCELLANEOUS NEWS, Miami realtors pitch to New Yorkers, HSBC offers 6.5 times salary mortgages, landlords suffer from lack of Chinese students, Ryanair benefits from Europeans swerving the US and JLR's restart helps UK manufacturing. AND FINALLY, I bring you a cowboy classic...
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