Author: Arabian Media staff

Donald Trump’s “big, beautiful bill” delivers big wins for private equity and fossil fuels, while hurting the renewables industry and some of the hottest companies in Silicon Valley. The sweeping tax and spending legislation has been broadly embraced by American business thanks to the corporate tax cuts, enacted during Trump’s first term as president, which will be extended. But it also creates winners and losers in critical US industries. A blizzard of last-minute changes as the bill moved through Congress by razor-thin margins spared some sectors — such as healthcare — from the most severe cuts, and stripped out some…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The family of a 32-year-old man who died after a two-day struggle to get hold of vital anti-seizure drugs has launched a UK awareness initiative to ensure others with epilepsy know how to access medication in a crisis. Charlie Marriage died in June 2021 from Sudden Unexpected Death in Epilepsy (SUDEP) after he was unable to obtain an emergency supply of his regular medication through NHS 111, his local health centre, or a London pharmacy.Under existing NHS guidance, a patient on repeat medication…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Apple is in talks to acquire the US rights to screen Formula 1 as the tech giant chases the success of its hit movie based on the race car series and delves further into showing live sport.The iPhone maker is challenging Disney’s ESPN — Formula 1’s current American broadcaster — when the broadcast contract becomes available next year, according to two people familiar with the discussions.The interest comes as F1 starring Brad Pitt becomes the company’s first big box office success since…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Merck is nearing a roughly $10bn deal to buy lung disease-focused biotech Verona Pharma, the US drugmaker’s biggest acquisition in two years as it expands in respiratory medicine. The acquisition of Verona would enhance the New Jersey-based pharmaceutical company’s pipeline with the addition of Ohtuvayre, a medicine approved in the US to treat chronic obstructive pulmonary disease (COPD), which analysts predict could generate peak annual sales of nearly $4bn by the mid-2030s. The drug is also in trials as a potential treatment…

This article is an on-site version of our Europe Express newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday and fortnightly on Saturday morning. Standard subscribers can upgrade to Premium here, or explore all FT newslettersGood morning. The good news: Donald Trump said last night the EU was “probably two days” away from receiving a trade deal offer. The bad news: it’s Trump and he could change his mind tomorrow.Today our trade correspondent reveals the rising sense of betrayal among other EU member states at the German car industry’s bid to secure a sweetheart deal…

Image: Supplied Not too long ago, health was something you checked in on only when something went wrong. You went to the doctor, visited the pharmacy, and picked up the prescription. Job done. Today, that definition feels outdated. What we’re seeing, across the Middle East and globally, is a shift from reactive health to proactive wellbeing. The modern consumer is no longer waiting to fall ill to start paying attention to their body or lifestyle. Health is being redefined through a more holistic lens – one that includes mental clarity, emotional resilience, better sleep, digestive health, nutrition, movement, and yes,…

Ted Seides is the founder of Capital Allocators and former president of Protégé Partners.On a slow summer day 18 years ago, I began communicating with Warren Buffett about a bet that pitted the performance of hedge funds against the S&P 500. The suggestion turned into a charitable 10-year wager from January 1, 2008 to December 31, 2017. Carol Loomis announced it in Fortune as “Buffett’s Big Bet”. It looked good for the hedge funds in the early years around the global financial crisis, but the market rallied strongly thereafter. By the time of Berkshire Hathaway’s 2016 annual report, Buffett was…

Image credit: WAM The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has denied the accuracy of recent rumors circulated by some local and international media outlets and websites, claiming that the United Arab Emirates (UAE) is granting lifetime Golden Visas to certain nationalities. Read-UAE Golden Visa now more accessible to Indian applicants ICP clarified that the categories, conditions, and regulations governing the Golden Visa are clearly defined in accordance with official laws, legislation, and ministerial decisions. Official information is available on the Authority’s website and smart application, a WAM report said. The authority emphasised that all Golden…

One scoop to start: Renault will name an interim chief executive next week as it continues to search for a replacement for Luca de Meo, who is to leave the carmaker to head luxury group Kering.More fallout from BCG’s Gaza work: Boston Consulting Group’s chief executive said its involvement with a postwar plan for Gaza that envisioned relocating a quarter of the population had been “reputationally very damaging”, as the Save the Children charity halted a two-decade partnership with the firm.And another thing: Elon Musk’s SpaceX is preparing to sell about $1bn of its shares in a deal that would…

This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereToday’s agenda: Apple in talks with Formula 1; Reform UK on council spending; Gaza aid being resold; US government job cuts plan; the euro’s double-edged sword; and the world’s fastest-warming continentGood morning. We begin in Brussels where EU negotiators are closing in on a trade deal with Donald Trump that would cement higher tariffs than those granted to the UK, a Brexit dividend that has rattled…