A Guardian analysis argues AstraZeneca does not need a $400bn US mega-merger to succeed, urging the company to stay with its current winning formula. The piece suggests pursuing such a deal could introduce risk and distraction, despite pressure for scale in the pharma sector.
The California Democratic Party has officially endorsed a proposed wealth tax on billionaires that will appear on the state's 2026 ballot. The measure, which is controversial due to legal and economic concerns, would impose an annual tax on extreme wealth to fund social programs. Its endorsement signals strong party support and could shape the state's fiscal policy debate.
The Pentagon is ramping up production of THAAD interceptors through a new partnership with Northrop Grumman and Lockheed Martin. The move strengthens U.S. missile defense capabilities in response to growing ballistic missile threats worldwide.
A New York developer warns that a tax roll mistake linked to Mamdani will backfire on average city residents, driving homebuyers toward Southern states. The error could reduce local demand and tax revenue just as the city competes for affordability and growth.
A new policy change may improve mortgage access for first-time buyers, potentially lowering deposit requirements or easing affordability checks. The move aims to help more people step onto the property ladder amid high housing costs. This matters for those struggling to secure home loans in a challenging market.
The UK is increasing vegetable imports after drought and extreme heat caused the worst crop damage farmers say they have ever seen. Domestic harvests of key vegetables have been severely reduced, threatening supply and pushing up prices for consumers. The situation highlights the growing impact of climate change on Britain's food security.
A regional prefect in France described the day as the "first somewhat optimistic day" since a major fire broke out, indicating that containment efforts are finally making progress. The remarks suggest that despite ongoing challenges, authorities see a potential turning point in controlling the blaze that has threatened communities.
Apple posted a record $109 billion in sales for the June quarter, a 16% increase year-over-year, driven by strong product demand. However, its services revenue fell short of analyst expectations, signaling a potential slowdown in a key profit area. The mixed results highlight Apple's reliance on hardware growth amid slowing services momentum.
Burnham has promised a "pragmatic" approach to regulating North Sea oil and gas, signaling a shift from stricter climate-focused policy. The stance aims to balance energy security, jobs, and industry investment against environmental commitments. This matters as it could influence future licensing and UK energy strategy.