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Good morning, Asia. While you were sleeping, one of our most-read stories was about Meta’s agreement to let the billionaire CEO sell shares without losing control of the company, in exchange for a commitment to remain in the state ft.trib.al/hHh57yS
Mark Zuckerberg during the Meta Connect event in Menlo Park, California in 2025. Text on image reads: Meta agrees deal to keep Mark Zuckerberg in California despite wealth tax proposal (Credit: David Paul Morris/Bloomberg)

ALT Mark Zuckerberg during the Meta Connect event in Menlo Park, California in 2025. Text on image reads: Meta agrees deal to keep Mark Zuckerberg in California despite wealth tax proposal (Credit: David Paul Morris/Bloomberg)

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Is corporate India’s exuberance merited? ft.trib.al/ep48881 | opinion

Is corporate India’s exuberance merited?

The gap between corporate India’s public optimism and household and investor anxiety has become increasingly apparent

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China’s drugmakers move into the big league ft.trib.al/BC7NRTx | opinion

China’s drugmakers move into the big league

Foreign pharma groups are now paying to access innovation developed locally

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Opinion: Every big pool of capital, in every corner of the developed world, is funding data centres. ft.trib.al/rTWNQ7Z
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Republicans head into midterms with huge spending advantage ft.trib.al/Ml5m0KE

Republicans head into midterms with huge spending advantage

Filings show the party and its affiliated groups have amassed a big war chest but polling favours Democrats in many races

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Fresh mozzarella makers are the latest agribusinesses hit by truckers’ blockades in protest against high fuel prices, causing major supply-chain disruptions. ft.trib.al/aQwIrSp
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US orders some personnel to leave Saudi Arabia after Houthi attacks ft.trib.al/hHYUy6U

US orders some personnel to leave Saudi Arabia after Houthi attacks

Decision comes as two people were killed in a drone attack targeting Saudi Aramco’s Shaybah oilfield

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The huge spending comes as the Republican candidates face a difficult midterm environment, with polls showing Democrats on track to take control of the House of Representatives and possibly the Senate. ft.trib.al/jz8mwyz
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Tesla’s profits slip on weaker vehicle sales ft.trib.al/v7yluxt

Tesla’s profits slip on weaker vehicle sales

Elon Musk’s carmaker reported flat revenue as it considers merger with SpaceX

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Researchers employed OpenAI models and found severe faults in software used on the majority of websites around the world. ft.trib.al/WuqcC0k
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Just published: front page of the Financial Times, UK edition, Thursday October 22 ft.trib.al/SBOnYc7
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GM aims to leapfrog rivals with new generation of autonomous cars ft.trib.al/CMtJXBY

GM aims to leapfrog rivals with new generation of autonomous cars

Detroit automaker’s chief product officer Sterling Anderson plans to put fully self-driving private autos on the road by 2028

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Just published: front page of the Financial Times, international edition, Thursday October 22 ft.trib.al/Y1jmPiH
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Meta to create new non-voting share class ft.trib.al/7XT3u4h

Meta to create new non-voting share class to enable AI fundraising

Change would enable the social media group to sell shares to fund AI investment without reducing Mark Zuckerberg’s control

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Breaking news: Meta plans to create a new class of non-voting shares, allowing it to sell stock to fund its AI spending without diluting Mark Zuckerberg’s control of the company. ft.trib.al/0PmojJ4
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Breaking news: Tesla’s quarterly profits declined on weakening sales of both its automotive and energy storage businesses, a day after Elon Musk said it would be a 'good idea' to merge the carmaker with SpaceX. ft.trib.al/T3KiEdm
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FT Exclusive: The Treasury secretary was largely positive about the technological advances, although he added that AI companies had done a poor job relaying the benefits to regular Americans. ft.trib.al/6V2496C
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EU set to delay push for cheaper UK university fees for bloc’s students ft.trib.al/t0XR6Xi

EU set to delay push for cheaper UK university fees for bloc’s students

Concession could help the two sides finalise a ‘reset’ deal at a summit next month

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NSA warns on ‘critical’ cyber vulnerabilities detected using AI ft.trib.al/RWevWvX

NSA warns on ‘critical’ cyber vulnerabilities detected using AI

Researchers used OpenAI and Google models to find severe faults in software used on majority of websites around the world

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