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The mood in markets has darkened and the central narrative around trades based on the president’s policies has soured

White House floats American ‘ownership’ but Zelenskyy says he only wants US help to recover Zaporizhzhia station

The US does not really need a state investment vehicle — it is one already

Also in this newsletter: can AI help the EU wean itself off China?

Voter and business sentiment will pile pressure on the president’s agenda

Tariffs, especially on one country, will lead to an unholy economic and political mess

Also in this newsletter: How Poland’s president is delaying Donald Tusk’s premiership

A new generation is finding brilliant and creative ways to object to the arrest of mayor Ekrem İmamoğlu

Also in this newsletter: Corruption allegations prompt an election in Croatia

For the company to achieve a consistent reduction in share count, big buybacks will have to be the norm