Emma Walmsley’s praise for US pharmaceutical market piles pressure on UK government

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The chief executive of GSK has declared that the US is the best place for pharmaceutical companies to invest.

Emma Walmsley said the US led the world in launches of drugs and vaccines and, alongside China, was the best market for business development.

Weaker-than-forecast quarterly data for Larry Ellison’s tech company shows slowdown in revenue growth but big rise in spending

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Oracle’s disappointing results have knocked more than $70bn off the value of software and data company co-founded by Trump ally Larry Ellison, adding to fears of a bubble in AI-related stocks.

Shares in the company fell by 11.5% overnight after it reported a lower-than-expected 14% rise in revenues to $16bn (£12bn) in the latest quarter while revealing it was boosting its AI spending by about $15bn.