Donald Trump wields dealmaking diplomacy to shape US 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.

Oil prices have settled at their lowest level in a month as the United States intensifies efforts to negotiate a peace deal between Russia and Ukraine. This decline reflects a reduction in the risk premium associated with oil prices, as market participants assess the implications of potential peace talks on future supply and demand dynamics.

Oil futures closed lower as the U.S. urged Ukraine to accept a peace plan to resolve the ongoing conflict with Russia. This decline reflects market concerns over geopolitical tensions and their impact on oil prices.

French drone manufacturers are exploring potential deals in Ukraine, despite uncertainties surrounding funding. This interest comes as the country seeks to bolster its defense capabilities amid ongoing conflict. The developments highlight the strategic importance of drone technology in modern warfare and the growing market for defense-related innovations.

US President Donald Trump has decided to remove a significant tariff on Brazilian coffee and beef, potentially providing relief to American consumers facing high prices for these staples. This move is part of efforts to combat inflation and improve market conditions.