Veteran market strategist Jeremy Grantham has cut back his holdings in global stocks. The FT’s Andrew Edgecliffe-Johnson recounts his conversation with the Boston fund manager. And, Frankfurt bureau chief Martin Arnold walks through the latest moves from the European Central Bank. Plus, the FT’s Attracta Mooney explains why wealth managers believe that investment with a sustainable focus will likely grow beyond the coronavirus pandemic. Hosted on Acast. See acast.com/privacy for more information.

US defence secretary Mark Esper breaks with Donald Trump on sending the army to clamp down on protests, and his predecessor James Mattis joins the president’s critics. The  FT’s Katrina Manson explains why the rift is so significant. Plus, a study casts doubt on whether taking hydroxychloroquine is an effective treatment for Covid-19, and Warner Music scored the biggest US IPO of 2020 on Wednesday. Hosted on Acast. See acast.com/privacy for more information.

Many companies and chief executives have expressed solidarity with protests over the police killings of George Floyd and other black men and women. The FT’s Andrew Edgecliffe-Johnson explains what is different this time round. Plus, public health experts fear the demonstrations will hasten the spread of Covid-19, and Zoom has emerged as one of the biggest corporate winners from the pandemic. Hosted on Acast. See acast.com/privacy for more information.

President Donald Trump threatened to send US soldiers on to American streets to tackle the most widespread unrest the country has seen in decades, following the killing of George Floyd by police. Meanwhile, Mark Zuckerberg is facing a backlash within Facebook over his stance on controversial posts by the US president related to the protests. Hosted on Acast. See acast.com/privacy for more information.

Protests swept across US cities over the weekend as demonstrators responded to the death of George Floyd, another black man who died by police brutality. The FT’s Claire Bushey and Lauren Fedor explain what has been happening at the local and federal levels. Plus, the European Union budget commissioner is calling on member states to back new taxes to help fund the coronavirus recovery, and how seven US public pension plans risk running out of money by 2028. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f. Hosted on Acast. See acast.com/privacy for more information.

Donald Trump said he had ordered a wide-ranging review of the law that grants social media companies immunity from legal action for content on their platforms, and the UK government has opened a path to citizenship for more than 300,000 Hong Kong residents in response to China's security crackdown. Plus, the FT’s industry editor, Peggy Hollinger, unpacks the turnround that propelled pharmaceutical group AstraZeneca to the industry’s front ranks.To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f. Hosted on Acast. See acast.com/privacy for more information.

Boeing said it will resume production of the troubled 737 Max, just hours after announcing plans to dismiss  more than 12,000 US workers. Meanwhile, Brussels has unveiled a plan to borrow €750bn to bankroll recovery efforts after the coronavirus crisis. Now it faces a critical few weeks for corralling member states to back the plan. Plus, the US will no longer consider Hong Kong autonomous from China. The FT’s US managing editor, Peter Spiegel, explains what this could mean for the global financial hub. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f. Hosted on Acast. See acast.com/privacy for more information.

Hopes of a quick economic recovery gave global stocks a lift on Tuesday. The FT’s Philip Stafford explains whether that optimism can be sustained. Then, a look at the highly rated companies, including ­Disney, Apple and ExxonMobil, that have borrowed a trillion dollars in the first five months of this year. Plus, Elon Musk’s SpaceX will send two Nasa astronauts to space today. The FT’s West Coast Editor, Richard Waters, will explain what this means for commercial ambitions in the final frontier. To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or go to https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f. Hosted on Acast. See acast.com/privacy for more information.

Japanese couples are putting off parenthood over coronavirus concerns. The FT’s Tokyo correspondent, Kana Inagaki, explains what this means for a country already suffering from population decline. Plus, countries around the world are aiming to roll out contact-tracing apps as they seek to reopen economies. The FT’s South Asia correspondent, Stephanie Findlay, reports on India’s mandatory system.   Update: India’s contact-tracing policy has been loosened since our interview with Stephanie Findlay was recorded. Since then, India has issued clarifications saying that the Aarogya Setu app is not mandatory for plane travel, but passengers will have to fill out a declaration form when boarding a plane.To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f. Hosted on Acast. See acast.com/privacy for more information.

The Chinese government is preparing to impose national security legislation on Hong Kong, and sales surged at the US retailers deemed “essential” by local authorities in the first quarter. Plus, the business of higher education is under threat because of coronavirus. The FT’s Andrew Jack explains.To get free access to the FT’s Coronavirus Business Update newsletter for 30 days, visit ft.com/newsbriefingcovid or follow this link: https://www.ft.com/newsletter-signup/coronavirus?segmentId=9f398053-342f-c623-b5b3-1506d651696f. Hosted on Acast. See acast.com/privacy for more information.