Times are good at Eli Lilly. Wall Street’s insatiable appetite for weight-loss drug stocks looks set to turn the company into the world’s first $1tn drugmaker by market value. But war stories about gloomier times are never far away when…

GPT-4o is an optimized version of GPT-4 designed to offer improved performance and efficiency over the GPT-3, GPT-3.5 and GPT-4 models. Read the full article here

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Israeli forces bombarded Beirut and southern Lebanon overnight as the region braced for Israel’s response to a missile attack by Iran that…

More than 1,200 crypto startups raised funds during a tumultuous year of crypto collapses, and 80% of these projects are still building today, according to Lattice Fund. Read the full article here

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former central banker Mark Carney has warned there will be “significant stranded assets” in commercial real estate as governments push to reach…

The Australian Federal Police said an analyst cracked the seed phrase to a crypto account belonging to the accused owner of an organized crime messaging app.  Read the full article here

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseIt is a truism that US vice-presidential debates rarely affect the electoral outcome. After Tim Walz’s lacklustre showing against…

The outflow has reversed an eight-day trend of consecutive inflows totaling $1.4 billion.  Read the full article here

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseUS shale magnate Harold Hamm has accused the Biden administration of leaving the nation “unusually vulnerable” to a Middle…

Evan Frederick Light faces up to 20 years behind bars for each charge, including conspiracy to commit wire fraud and launder monetary instruments. Read the full article here

Stay informed with free updatesSimply sign up to the UK employment myFT Digest — delivered directly to your inbox.The cooling UK labour market is continuing to bring down wage growth, according to new data that will help to reassure the…

The price of Bitcoin fell around $4,000 after Iran fired around 200 ballistic missiles at Israel, escalating the conflict in the Middle East.  Read the full article here

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mexico’s first female president, Claudia Sheinbaum, took office promising continuity with her predecessor and hitting back at critics who fear the country…

Is the crypto market primed to rebound? Santiment believes several words uttered on social media could hold the answer.  Read the full article here

Stay informed with free updatesSimply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox.China’s outbound investment is surging from already-record levels, government data shows, as analysts suggest that the country’s booming clean energy…