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Also in this newsletter: Saudi Arabia and Pakistan draw closer, and Ashish Khanna’s mantra

The consortium that safeguards Italy’s prized cheese has signed an unlikely partnership with the New York Jets

Agriculture and drugmakers aren’t getting much traction, and it’s not even clear how tech will fare

Bristol Myers Squibb will sell its new schizophrenia treatment in the UK for $22,500 a year

Also in today’s newsletter, Murdochs join TikTok talks, and hedge funds’ new fee model

The US is applying pressure to lenders to drop restrictions on projects contributing to climate change

Bern offers to buy more American weapons and energy in attempt to persuade Washington to lower its import levies

Indonesia is just the worst of the worst in the world’s weakest regional market

UK and France to recognise Palestine, a run of retailer earning reports and a railway date to remember

Global leaders — and not just autocrats — are lining up to learn about Beijing’s policing tactics and surveillance state

Market Questions is the FT’s guide to the week ahead

New trade deals, high-tech services and potential reforms would outweigh the US president’s duties

Leaders must stop pretending that things are better than they are

Germany argues groups such as Apple and Meta are excluded to protect Europe’s ‘digital sovereignty’

Levies and slowdown in US housing market are being felt north of the border

We may be well-meaning losers with too many projects, but there is a small rebellion to be had in making things

Trump ally insists president’s immigration policies are disinflationary

AI fever labelled ‘dotcom on steroids’ as global equities surge

American leader says Chinese counterpart approved sale of video app’s American operations