In BIG PICTURE NEWS, Trump backtracks, US inflation cools, China reports weaker GDP growth and European defence groups get their heads together. In TECH & SOCIAL MEDIA NEWS, DeepSeek prepares to list, Hassabis calls for an AI watchdog, AI lawsuits highlights insurance gaps, New York state suspends data centre development, IBM shares crater and UK teenagers face a midnight social media curfew. In MARKETS AND M&A NEWS, Goldman Sachs rakes in the trading income, US small caps boom and Mike Ashley gets involved in the Harvey Nichols sale. In MISCELLANEOUS NEWS, Lucid fields ideas, Watches of Switzerland bucks the luxury slowdown and the number of farms for sale hits a high. AND FINALLY, I bring you a toe-curlingly awkward mother-son chat...