Netflix quits Warner Bros takeover battle; FTSE 100 ends week at record high – as it happened

Netflix shares have jumped 10% after it left Larry Ellison’s Paramount clear to buy Warner Bros, regulators permitting….

Trump’s tariffs weren’t economic policy. They were a corruption machine

The supreme court has deferred to executive power for decades. Its decision on tariffs is a long-overdue warning

BA owner’s profits rise by 20% despite drop in passenger numbers last year

IAG reports record operating profits on margins of more than 15% at British Airways and sister airline Iberia

Sainsbury’s to cut 300 jobs as it restructures tech team and Argos deliveries

Head office job losses part of plan for more separation between supermarket and Argos businesses

California fast food workers, still reeling from ICE raids, demand employers step up

Union-backed pledge urges fast food employers to protect workers’ rights as immigration raids fuel fear and walkouts

CBS News and CNN staffers fear ‘disaster’ as Paramount wins Warner Bros battle

Decision by Netflix to walk away from takeover leaves workers anxious about possible merger of news networks

Trump says affordability crisis is over. Voters and data disagree

Despite claims, polls and economists say tariffs and structural pressures keep US households under strain

Hornby sells slot car racing brand Scalextric for £20m

Purbeck Capital Partners seals deal with model railway maker for toy racing car business and IP rights

European girls aged 13-15 have world’s highest rate of tobacco use for age group

World Health Organization report also finds one in seven adolescents across continent use vapes and e-cigarettes

Switching energy deal can save £200 as price cap falls, say experts

Households on a default dual-fuel tariff in Great Britain could cut costs by moving to a fixed deal

Dirty Business, The Lady, Mandelson’s arrest – are they truth, ‘faction’ or just more drama?

The latest rush of docudramas seems to suggest that anyone in the public eye must expect a degree of intrusion. But where does that end, asks Guardian columnist Simon Jenkins

Ocado failing to deliver on its potential as one of UK’s great technology hopes

Firm’s automated warehouses are struggling to compete against swift deliveries from stores by bike riders

Subsidies for Rolls-Royce might seem a bit rich, but they are inevitable

Every country supports its aerospace business, while keeping the production at home is vital. At least with Rolls the UK is backing a winner

Drax to stop burning controversial Canadian wood within next year

Yorkshire plant has been criticised for taking material from some of British Columbia’s most environmentally important forests

Boss of World Economic Forum quits after links to Epstein revealed

Børge Brende admitted dining with the convicted sex offender on three occasions between 2018 and 2019