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Patek Philippe’s latest watch launched to online outrage — and is now a bestseller. It’s part of an illustrious club

Also in this week’s newsletter, more Britons think France is more likely than America to come to UK’s military aid

Bigger and more difficult choices need to be made as a new inflection point emerges in markets

Well that was a let-down

Grown ups are needed in these troubled times but must do a better job on the climate problem

One writer goes into the deep

What can Morgan Stanley’s Ted Pick do after James Gorman?

Plus: Rambert’s ‘Death Trap’ at Sadler’s Wells is too heavy on the words

If the Republican loses, it will reflect his reluctance to appeal to the centre. But if he wins, he will feel emboldened to implement a radical agenda

Suspicions are growing that drug traffickers, as well as hard-working migrants, are sending money home