Was this Starmer’s best speech? Yes. But he’ll need a new battle plan to convince a doubting Britain | Martin Kettle

Rachel Reeves, the Chancellor, received a warm welcome from business leaders at the Labour conference, where she discussed her approach to fiscal policy. However, there are growing concerns among executives about potential tax increases in the upcoming autumn budget. This matters because it highlights the delicate balance Reeves must strike between fiscal responsibility and maintaining business confidence, especially as she navigates the pressures of her role.

During a keynote speech at the Labour party conference in Liverpool, Keir Starmer criticized Nigel Farage, claiming he 'doesn't believe in Britain.' This remark highlights the ongoing political tensions as Starmer positions himself against Farage's Reform UK, framing it as a battle for the nation's identity. The significance of this exchange lies in the broader implications for British politics, as it reflects the deep divisions and differing visions for the future of the country.

GSK has announced that Dame Emma Walmsley will step down as chief executive after eight years, with chief commercial officer Luke Miels set to take over. This leadership change at Britain's second-largest drugmaker marks a significant transition for the company, which has been navigating various challenges in the pharmaceutical industry. It’s important to watch how Miels will steer GSK moving forward, especially in a competitive market.

UK Chancellor Rachel Reeves recently emphasized her dedication to fiscal discipline and tackling child poverty during an interview at the Labour Party's annual conference in Liverpool. Her insights on tax policies and Prime Minister Keir Starmer's leadership highlight a proactive approach to addressing economic challenges, which is crucial for the UK's future. This commitment not only aims to improve the lives of families but also reflects a broader strategy to strengthen the economy.

Chancellor Reeves is set to make a significant commitment at the Labour conference, promising to eliminate long-term youth unemployment by guaranteeing paid work for young people who have been unemployed for 18 months. This initiative is crucial as it addresses the pressing issue of youth unemployment, providing hope and opportunities for young individuals to gain valuable work experience and financial independence.

The Guardian's editorial emphasizes the importance of ensuring that the advancements in AI and technology benefit everyone, not just a select few. It highlights a TUC manifesto advocating for greater involvement of workers in shaping the future of their workplaces. This discussion is crucial as it addresses the potential risks of allowing major tech companies in Silicon Valley to dictate the future of work in Britain, urging a more inclusive approach to the digital revolution.

Labour's recent conference has left many in the business sector feeling disappointed and questioning the party's commitment to collaboration. After promising to involve executives in shaping policy, the lack of follow-through has raised concerns about Labour's ability to regain trust among business leaders. This matters because a strong relationship with the business community is crucial for economic growth and stability, especially as the party seeks to solidify its position after years in opposition.

The US government has launched the 'TrumpRx' program, enabling consumers to purchase prescriptions at discounted prices directly. This initiative is significant as it aims to make essential medications more affordable for Americans, potentially improving access to healthcare and reducing financial burdens on families.

President Donald Trump has issued a stark warning about the potential for a government shutdown, indicating that irreversible actions could be taken, such as cuts to personnel and benefits. This comes as the US Senate is set to vote on a temporary funding bill. Additionally, Trump has reached a $24.5 million settlement with YouTube over the freezing of his account following the January 6 riot. This situation highlights the ongoing tensions in US politics and the significant implications of a government shutdown for millions of Americans.

Investors are increasingly concerned that the recent stock market rally may be unsustainable, as stocks reach record highs. This situation raises alarms about potential overheating and inflated valuations, which could lead to a market correction. Understanding these dynamics is crucial for investors as they navigate the risks associated with high market levels.

The Federal Trade Commission (FTC) has accused Zillow of making a $100 million payment to Redfin to prevent competition in the rental listings market. This allegation raises serious concerns about anti-competitive practices in the real estate sector, potentially harming consumers by limiting their options and driving up prices. The outcome of this case could reshape how major players in the industry operate and ensure fair competition.

The latest API Weekly Crude Stock Report reveals that US crude inventories have decreased, although the drop was less than analysts had anticipated. This information is significant as it provides insights into the supply dynamics of the oil market, which can influence prices and economic conditions. Investors and industry stakeholders will be closely monitoring these trends to gauge future market movements.

Rice Acquisition Corporation 3 has successfully priced its initial public offering at $300 million, marking a significant milestone in the financial market. This IPO is important as it reflects investor confidence and opens new avenues for capital, potentially leading to growth and innovation in the sector.