Lagarde warns European growth is linked to ‘disappearing’ world

President Donald Trump's latest diplomatic efforts in Ukraine focus on securing financial agreements as part of his peacemaking initiatives. This approach reflects his ongoing strategy to leverage dealmaking in shaping U.S. foreign policy.

Billionaire hedge fund manager Bill Ackman is preparing for a long-anticipated initial public offering (IPO) for his firm, Pershing Square Capital Management, according to a report by the Financial Times, which cited unnamed sources familiar with the situation.

Judge Leonie Brinkema expressed reluctance to mandate a forced sale of Google's advertising business in the ongoing US monopoly case, suggesting that such a dramatic action may not be easily enforceable.

Billionaire investor Bill Ackman is planning to take his hedge fund, Pershing Square, public as early as the first quarter of 2026. This move marks a significant step for Ackman, who has been a prominent figure in the investment community.

Eli Lilly has become the first pharmaceutical company to achieve a market value of $1 trillion, driven by a nearly 40% surge in its shares this year. This growth is largely attributed to the strong demand for its weight-loss and diabetes medications, particularly GLP-1 drugs.

Alvaro Santos Pereira, a member of the European Central Bank's Governing Council, has warned that a significant correction in financial markets and cryptocurrencies poses a major short-term risk to financial stability. This caution comes amid ongoing volatility in the markets, highlighting concerns over potential impacts on the broader economy.

Madis Muller, a member of the European Central Bank's Governing Council, expressed a relaxed stance regarding inflation in the euro area, suggesting that price pressures are manageable and indicating little desire for further interest rate adjustments. He noted that inflation is expected to remain close to the ECB's target of 2% for the foreseeable future.

Christine Lagarde, president of the European Central Bank (ECB), warned that Europe's economy is increasingly vulnerable due to its reliance on international trade and third countries for security. She emphasized the need for reforms within the EU to stimulate growth, as the bloc's major trading partners have shifted away from the trade that has historically benefited its exporters.