A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analysis of data made public by  the Trump administration makes it difficult to discern whether the US Paycheck Protection Program was effective at saving jobs. Plus, the FT’s deputy Beijing bureau chief, Yuan Yang, explains why Microsoft’s position in China might give it an advantage in its takeover talks for TikTok. 

Appetite for Uber Eats fails to offset ride-sharing collapse

https://www.ft.com/content/0f0cd5f1-f88d-44e1-8b6a-7b50e48118aa

Quicken Loans IPO: mortgage pioneer cashes in a big win

https://www.ft.com/content/4f7e583a-3327-42fd-80cc-81bde2339a9b

How many jobs were saved by the US small business bailout?

https://www.ft.com/content/fd288b21-3391-4881-95a3-6b860c007ec0

TikTok deal tests Microsoft’s decades of China experience

https://www.ft.com/content/b02d5324-07e6-48ac-b658-b8c400d9b4fc

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