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Europe falling behind US and China in pharma innovation, warns AstraZeneca chief
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How the NWSL became the world’s most innovative league
League commissioner Jessica Berman talks ballooning franchise values, the merits of expansion and reducing injuriesYahoo Sports - Sports -
South Korea cracks down on ‘shrinkflation’
Fines threatened for producers who cut product size without informing consumersFinancial Times - World - South Korea -
US economy adds 175K jobs in April, falling short of expectations
The U.S. economy added 175,000 jobs and the jobless rate ticked higher to 3.9 percent in April, according to Labor Department data released Friday. After several hotter-than-expected jobs reports, April's employment gains fell short of economists’ ...The Hill - Politics -
How Belgium’s Socialists want to plug the EU’s spending gaps
Also in this newsletter: why immigration is reopening old Brexit wounds in IrelandFinancial Times - World -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World
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Crushing Tory losses in London and West Midlands pile pressure on Sunak
Labour unseats Andy Street in Conservatives’ flagship West Midlands mayoraltyFinancial Times - Business -
Sadiq Khan wins historic third term as London mayor
Andy Burnham’s re-election in Manchester cements Labour gains across the countryFinancial Times - Business -
Sadiq Khan’s London triumph comes after bitter Tory campaign
Conservatives’ bid to harness backlash against rising crime and vehicle emissions zone expansion failed to pay offFinancial Times - Business -
Sunak’s instincts are leading the Tories to ever worse defeat
The prime minister chose the ground on which the local election campaign was fought — and is now paying the priceFinancial Times - Business -
Giving away local power has come back to bite the political centre
The UK is too centralised, but experiments with devolution are in their infancy and still have mixed resultsFinancial Times - Business