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The tech-heavy NASDAQ composite had its biggest one-day drop since March on Thursday. It fell a little more than 2% in New York, dragged down by Netflix and Tesla. The streaming service and electric car maker reported disappointing second-quarter earnings the day before. We'll see more next week about how the tech sector is doing when companies including Alphabet, Meta, and Microsoft report earnings.

The Nasdaq Composite had its biggest one-day drop in more than four months, the winner of Thailand’s general election has been suspended from parliament, and the FT’s Clive Cookson tells us about two huge breakthroughs in the treatment of Alzheimer’s.

Mentioned in this podcast:

Nasdaq drops more than 2% after Netflix and Tesla results disappoint

Thai election winner blocked from premiership

Eli Lilly drug shown to slow Alzheimer’s progression

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Saffeya Ahmed, Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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