Business

Switzerland neared a deal with the United States to cut US import tariffs on Swiss goods to 15% after business leaders pushed negotiations forward, officials said; legal doubts remain.

Douglas A. Irwin, Daniel W. Drezner, Hakan Yilmazkuday, Iikka Korhonen, Dean Baker and 12 more

Der Spiegel, Financial Times, The Washington Post and 2 more

Swedish business leader Jacob Wallenberg warned that overly strict EU AI rules risk stifling competitiveness, as investors shifted toward AI-driven gains in markets such as Japan.

Erik Brynjolfsson, Justin Wolfers, Avi Goldfarb, Alejandro Werner, Serge Belongie and 10 more

U.S. stock indexes surged as prospects for ending the government shutdown improved, with the Nasdaq leading gains as investors moved back into riskier assets on Wall Street.

Laurence J. Kotlikoff, Justin Wolfers, Cem Işık, Iikka Korhonen, Will Jennings and 4 more

Warren Buffett, in his final letter as Berkshire Hathaway CEO, said he would "go quiet" and accelerate $1.3 billion in charitable gifts as he prepared to hand over the reins.

Jeremy Harris Lipschultz

Carmakers delayed battery deals with miners and scaled back electric-vehicle targets as falling commodity prices and weak EV demand left miners struggling to fund projects and squeezed established automakers.

Aric Rindfleisch, Edgar Morgenroth, Oliver Stuenkel, Francesco Nicoli, Paul Dorfman

Apollo Sports Capital acquired on Monday a majority stake in Atlético de Madrid, valuing the club near €2.5 billion, while Miguel Ángel Gil Marín and Enrique Cerezo remained in leadership.

Iñaki Aldasoro