Resident doctors’ focus on pay is doing untold damage to the NHS | Letters
Trump threatens drug giants with crackdown over prices
Donald Trump has threatened to use “every tool in our arsenal” to crack down on pharmaceutical giants if they fail to cut drug prices for Americans within 60 days.The president wrote to executives at 17 companies on Thursday, demanding they match their US prices for prescription drugs with the lowest price offered in other developed nations.Current prices were an “unacceptable burden” on US families, Trump said, claiming they could be up to three times higher than in other countries.After returning to the White House earlier this year and pledging to bring down drug prices, the president claimed that “most proposals” from the pharmaceutical industry amounted to “more of the same”, accusing firms of seeking to shift blame and requesting policies that would pave the way for handouts worths billions of dollars for the sector.“Make no mistake: a collaborative effort towards achieving global pricing parity would be the most effective path for companies, the government, and American patients,” Trump wrote
Rolls-Royce hits turbo speed. Now keep going for a decade | Nils Prately
Turbo Tufan strikes again. It’s almost becoming predictable. Every time Tufan Erginbilgiç, chief executive of Rolls-Royce, sets “midterm” financial targets, the aero-engine maker beats them, or looks set to do so, in no time.Back in February, Erginbilgiç was able to declare that the 2027 targets for operating profits would be hit two years early, so he set new ambitions for 2028. Six months on, even the refreshed numbers look conservative
Apple quietens Wall Street’s fears of China struggles and slow AI progress
Apple has been under pressure this year. It’s playing catch-up to its fellow tech giants on artificial intelligence, it’s seen its stock fall by double digits since the year began, it closed a store in China for the first time ever this week, and looming US tariffs on Beijing threaten its supply chain. On Thursday, the company released its third-quarter earnings of the fiscal year as investors scrutinize how the iPhone maker might turn things around.Despite the gloomy outlook, the company is still worth more than $3tn, and it beat Wall Street’s expectations for profit and revenue this quarter. Apple reported a massive 10% year-over-year increase in revenue to $94
Amazon fails to quiet tariff worries with worse-than-expected financial outlook
Amazon failed to quiet concerns over how Donald Trump’s sweeping tariffs would affect its e-commerce business as it reported its latest quarterly results on Thursday. Wall Street’s affinity for the tech giant faltered in response.The top line numbers from Amazon’s second quarter earnings report exceeded Wall Street’s projections. The tech company beat expectations with its revenue up 13.3% year over year to $167
Joe Burgess scores four tries as Hull KR’s demolition of Salford raises big questions
This was anything but the kind of advert Super League clubs who voted to expand the competition to 14 teams in 2026 would have hoped for.This may well be the last time we see Salford versus Hull KR as a Super League fixture for some time. There is a growing feeling that, even with two more teams joining the elite next year, Salford’s position is increasingly untenable as they remain riddled by financial problems.Having been forced to request an advance on their central distribution on the eve of the season, a takeover in February was hoped to be the cure for their long-term ills. But 20 rounds into the season, Salford remain under salary-cap constraints, have had to sell players to make ends meet and are still in deep financial trouble
LeBron James, Nikola Jokić reportedly meet over $5bn upstart to rival NBA
A high-profile meeting last week in France between LeBron James, his business partner Maverick Carter and Nikola Jokić’s agent Miško Ražnatović was about plans for a new $5bn international basketball league, according to a report by Front Office Sports, which cited multiple sources familiar with the matter.The proposed league, spearheaded by Carter, would feature six men’s and six women’s teams that travel together to eight global cities in a touring format. Inspired by LIV Golf and Formula One, the league aims to offer players equity stakes, something NBA rules currently prohibit for active athletes.Ražnatović, a powerful figure in European basketball, posted a photo of the meeting on Instagram over the weekend. The caption, tagged in Saint-Tropez, teased: “The summer of 2025 is the perfect time to make big plans for the fall of 2026
Stephen Colbert on Trump’s Scotland trip: ‘A grift for the whole family’
Heritage coalition saves Scottish modernist ‘jewel’ in fiercely fought auction
The ‘Black Sundance’ honoring film-makers of color and focusing on community building
Jon Stewart on Trump’s Epstein scandal: ‘How do you expect the media to move on, when Trump has such a hard time doing so?’
By the 30s, Katharine Hepburn was box office poison. Then she made The Philadelphia Story
The joy of railways is shared by millions | Letters