Meta poised to launch rival to Twitter
App called Threads set for release this week on Apple’s App StoreSocial Media
Trump Media merger partner reveals $18mn preliminary settlement with SEC
Digital World Acquisition Corporation’s ‘agreement in principle’ would require approval of US securities regulatorSocial Media, Mergers & Acquisitions, Financial & markets regulation
FirstFT: Electric vehicle shares in overdrive after strong volume data
Also in today’s newsletter, US Treasury secretary to visit China and Israel’s largest military assault in the West Bank in yearsElectric vehicles
UK watchdog summons bank chiefs to tackle accusations of ‘profiteering’
Savings rates lag behind mortgage costs but lenders fear FCA intervention could be ‘dangerous’ Financial & markets regulation
US rail operator claims Virgin Group faced ‘brand catastrophe’ during pandemic
Value of UK brand at centre of dispute as Sir Richard Branson’s company takes legal action against Brightline Mergers & Acquisitions
US M&A: demand for more form-filling smacks of overkill
Dealmakers say the information will be burdensome to collate and superfluous for vast majority of transactionsMergers & Acquisitions, Financial & markets regulation
Former Carillion finance chief barred from UK boards for 11 years
Decision by Insolvency Service is the first boardroom ban on an executive of failed construction companyFinancial & markets regulation
Shares in electric vehicle makers Rivian and Tesla surge after strong volume data
Chinese rival BYD also reports sales volumes almost doubled in first halfElectric vehicles
Malteries Soufflet/UMG: French bidder exploits Aussie’s malt faults
The process is ancient, but price tensions between suppliers and customers are eternalMergers & Acquisitions
Central banks shouldn’t relax about r-star just yet
Predictions that inflation and rates will fall to pre-pandemic levels are not necessarily correctCentral banks