Diageo boss Dave Lewis stakes revival on canned cocktails and Guinness

New chief unveils plans to restore growth along with suite of cost cuts

Paramount agrees safeguards for UK approval of $110bn WBD deal

David Ellison makes commitments on news provision, investment and programming to win government nod

U.S. workers' share of national income falls to a new low

Labor's bargaining position has worsened markedly in the last half-decade.

China’s AI drive threatens the world’s largest workforce

Li Dazhi paced back and forth on a set resembling a chief executive’s office as he rehearsed lines in Zhengzhou, a city in central China that has become a hub for microdramas. The serialised minute-long shows have taken over phone screens across the country; one in two people watch them. In 2025 microdramas grew into a 100bn yuan ($15bn) business, having created some 700,000 jobs and perhaps 1.3m indirect ones—a rare bright spot of dynamism in China’s sputtering economy.

Partners Group Nears €2bn Deal for Beauty Group Aroma-Zone

French asset manager Eurazeo in talks to sell stake in group that sells face serums and food supplements

Is the AI trade back?

Plus, looking ahead to the jobs report

Biggest US law firms explore selling stakes to private equity

Paul Weiss, Quinn Emanuel and Proskauer among firms that have had conversations about deals

'Every dollar is mobile': California's rich snap up New Zealand 'golden visas'

Applications for indefinite right to work, live and study in the country have risen after rules were eased

AI's bottomless pit problem: Investors are scrutinizing costs

Investors are scrutinizing the AI trade over bottomless pit concerns — that is, are companies throwing money into one?

Bikemaker Accell files for insolvency four years after €1.8bn KKR-led buyout

Announcement by Dutch owner of Raleigh and Babboe brands follows four difficult years since it was taken private

Matt Levine’s Money Stuff today is relevant to Verge interests.

A lot of staffers subscribe just because we enjoy his work (and when he gets his vacation ruined). But today’s newsletter is about the SpaceX lockup expiring — how it should work vs what we will find out tomorrow about how it will work — and how the noted AI hedge fund Situational Awareness may have tanked the bets of noted AI hedge fund Situational Awareness.

SpaceX spooks investors with debut earnings report

Shares slide in pre-market trading even as group says its quarterly revenues nearly doubled.