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U.S. Withholds Funding for World Anti-Doping Agency
In a damaging blow to the agency, the Biden administration said it had lost confidence in WADA’s ability to guard against the use of performance-enhancing drugs by elite athletes.The New York Times - 13m -
EU leaders warn Trump not to meddle with Europe’s borders
Comments from German Chancellor Olaf Scholz and French foreign minister follow US president-elect’s Greenland threatsFinancial Times - 1h -
Anthropic in Talks for $2 Billion Funding Round
The financing efforts follow new funding rounds by Elon Musk’s xAI and the market leader, OpenAI, which is now valued at $157 billion.The New York Times - 18h -
AI Startup Anthropic Raising Funds Valuing It at $60 Billion
The Amazon-backed OpenAI rival was valued at $18 billion last year.The Wall Street Journal - 20h -
Johnson says no cuts to Social Security and Medicare to fund Trump's agenda
House Speaker Mike Johnson said cuts to Social Security and Medicare won't be part of the legislative plan being worked out to fund President-elect Donald Trump's agenda.ABC News - 20h -
Anthropic in talks to raise funding at $60 billion valuation
AI startup Anthropic is in late-stage talks to raise as much as $2 billion at a $60 billion valuation, according to a person familiar with the deal.CNBC - 22h -
EU will defend borders, says French minister in response to Trump’s Greenland threats
European leaders also criticise Trump ally Elon Musk over support for far-right movementsFinancial Times - 4h -
EU Commission urged to act over Elon Musk’s ‘interference’ in elections
MEPs say enforcement of Digital Services Acts has been ‘too slow’, as Musk plans livestream with German far-right politician. The EU executive has been too slow in enforcing a major law intended to ...The Guardian - 5h -
Active mutual funds struggle to beat large-cap stock benchmarks — again
Professional stock pickers in the mutual-fund industry had a tough time in 2024 beating indexes that passively track U.S. large-cap equities, according to BofA Global Research.MarketWatch - 8h -
Germany pushes for EU to ease sanctions on Syria
Berlin circulates proposals for relief on curbs in exchange for reforms from new leadership in DamascusFinancial Times - 22h -
Hims & Hers donates $1 million to Trump's inauguration fund
OpenAI CEO Sam Altman and Meta both announced $1 million donations, and Amazon and Apple CEO Tim Cook have also reportedly contributed.CNBC - 1d -
EIB fears ‘reputational disaster’ over revised EU green reporting
Internal memo reveals multilateral lender’s fear that new rules will put its climate credentials at riskFinancial Times - 1d -
Trump backtracks from 'one big, beautiful bill' to fund his agenda
After nearly derailing a spending bill last month, Trump continues to shake up business on Capitol Hill, shifting positions on how Republicans should fund his policies.ABC News - 1d -
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Nicolas Sarkozy goes on trial accused of receiving illegal funding from Gaddafi
Former French president alleged to have received millions of euros from Libyan dictator’s regime to fund campaign. Nicolas Sarkozy has gone on trial over allegations he received millions of euros ...The Guardian - 2d -
FirstFT: Private equity to lobby Trump as industry seeks to tap retirement funds
Also in today’s newsletter, China’s equity markets extend poor start to the year and accountancy’s Gen Z problemFinancial Times - 2d -
How Austria’s embrace of the far right could fracture the EU centre
Also in this newsletter: The next EU leaders’ meeting searches for a venueFinancial Times - 2d -
Private equity to lobby Trump for access to savers’ retirement funds
Industry hopes incoming administration will open long-restricted private investments to individual investorsFinancial Times - 2d -
Rich must pay for others to go green, says EU environmental pioneer
‘Green Deal’ architect Frans Timmermans warns of boost to radical right from rising costsFinancial Times - 2d -
Northern Ireland should make the most of its proximity to the EU
Belfast stands to gain from enhancing its unique position between London, Dublin and BrusselsFinancial Times - 3d -
UK-EU youth mobility scheme key to better EU relations, says top diplomat
Germany’s ambassador to UK suggests Starmer will have to agree concessions in order to secure economic benefits. Keir Starmer’s effort to reset Britain’s relations with its European allies is ...The Guardian - 3d -
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Streeting to unveil extra funding for English hospitals that cut waiting times fastest
Health secretary’s move intended to push NHS leaders to achieve government’s 18-week non-urgent treatment ‘milestone’Financial Times - 4d -
Top EU diplomats visit ousted Assad regime's prison of horrors in Syria
The French and German foreign ministers are the most senior Western officials to visit Syria since longtime dictator Bashar al-Assad was toppled by rebels.CBS News - 5d -
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Helping boomers spend their retirement funds is harder than it sounds
Worries about running out of money makes people frugal and wary of taking any big pension decisionsFinancial Times - 5d -
EU’s energy fixation has left water crisis unchecked, top official warns
Environment commissioner Jessika Roswall says bloc must urgently address water shortages affecting businessFinancial Times - 5d -
Germany’s Hensoldt urges EU to follow US on local arms procurement
Radar maker says bloc can use existing laws to bypass free trade rules and boost region’s defence infrastructureFinancial Times - 5d -
Ken Griffin's flagship hedge fund at Citadel climbs 15.1% in 2024
The billionaire investor's handful of hedge funds all posted double-digit returns in 2024, led by its tactical trading strategy.CNBC - 5d -
Hedge funds Citadel and Millennium gain 15% in 2024
Ken Griffin and Izzy Englander’s funds likely to have outperformed wider hedge fund industryFinancial Times - 5d -
Merz pushes for EU free trade deal with Trump’s US
German conservative leader predicted to be next chancellor rejects retaliatory tariffsFinancial Times - 6d -
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Belgium becomes first EU country to ban sale of disposable vapes
Products banned on health and environmental grounds, while Milan outlaws outdoor smoking . Belgium has become the EU first country to ban the sale of disposable vapes in an effort to stop young ...The Guardian - Jan. 1 -
The EU’s impossible choice on trade and tariffs
Trump’s threat of higher duties on Chinese goods raises the stakes for a union proud of its free-trading instinctsFinancial Times - Jan. 1 -
Era of cheap Russian gas to EU ends as transit across Ukraine stops
The EU says most states will not be affected but other European countries, including Moldova, are facing shortages.BBC News - Jan. 1 -
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US investors in China venture funds race to comply with new tech rules
Financial institutions rush to secure assurances their money is not being used to develop Chinese technologyFinancial Times - Jan. 1