Scoops

Smith & Nephew was in talks to combine with J&J’s orthopaedics unit but refused to agree to former CEO leading combined business

Michigan reactor restart is delayed as Trump administration champions nuclear energy to meet booming AI power demand

New company backed by Anthropic and UK buyout group Hg will advise companies on how to deploy AI

Mike Waltz warns Tehran it must reach a ‘meaningful agreement’ on its nuclear programme

Coface and Allianz Trade have reduced their exposure to the company in moves that could further squeeze its cash flow

Company hopes for state backing of up to £200mn to put towards engine for short-haul aircraft

Attempt to clamp down on payments to Big Four firms may be undermined by rise in professional services spending

California’s retirement fund slashed Magnificent 7 holdings as doubts grow about lofty valuations and soaring spending

AI lab floated $1.4tn price tag earlier this month, according to documents seen by the FT

Infineum taps advisers at Bank of America to run a sale of the business as Shell focuses on core oil and gas operations

Master fund sheds estimated 7% in October, taking decline for the year to more than 21%

Agreement could allow Kyiv to speed up delivery of ammunition and weapons at lower cost

Axel Springer boss Mathias Döpfner raised idea over lunch with US ambassador to France Charles Kushner

Family of former UAE ambassador Mahdi Al Tajir looks to sell prized UK property assets as lenders try to recoup unpaid debts

Proposals apply to companies with revenue of less than £54mn and could affect as much as £1.24bn in annual fees

Detroit carmaker’s chief product officer Sterling Anderson plans to put fully self-driving private vehicles on the road by 2028

Treasury secretary spoke to financiers at charity event where tickets cost $7,500

Shares in Swedish-listed security group trading 30% below their price at flotation