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[EN] Financial Times

Jensen Huang resigns as Nvidia chief executive

Shares in chipmaker slide after group says chief financial officer Colette Kress to take over as interim head

Nvidia chief Jensen Huang toppled by revelations of extramarital affairs

Departure marks stunning end to three-decade tenure of executive who built chip company into an engine of the AI boom

US cannot reach a deal to end Ukraine war without Europe, says Kushner

American envoy’s comments come as European leaders reject Russian push to overhaul continent’s security

FT Crossword: Number 18,531

US lawmakers pile pressure on Howard Lutnick as Nvidia scandal widens

Legislators demand Trump’s commerce secretary explain why he allowed chip sales to company linked to alleged Chinese spy

AI boom will lift Nvidia even after Huang’s exit, investors say

Shares largely recovered by close of market Thursday as shareholders bought the dip and looked to group’s future without CEO

Huang’s fall is an indictment of founder mode at Big Tech

The risks of giving leaders free rein when AI is at the heart of the economy, national security and just about everything else are now clear

Kalshi cuts ties to Donald Trump Jr after Democrats’ midterm sweep

Prediction market platform ends advisory deal amid mounting political scrutiny and rival investments in Polymarket

Cravath employee charged with trading on firm’s corporate deals

Word-processing specialist allegedly used confidential client information to profit from takeover announcements

FirstFT: Jensen Huang resigns after affair allegations

Also in today’s newsletter: China warns of ‘severe’ consequences for tax evaders and Indian equities rebound sharply

Burnham targets deal with EU that will deliver ‘real benefits’ for UK

British premier insists that ‘no one is talking’ about rejoining the bloc as summit nears

Richard Posner, judge and scholar on law and economics, 1939-2026

Prolific author and iconoclastic jurist wrote more than 3,300 opinions during 36 years on the federal bench

Bonds, inflation and the Fed. Plus, Nvidia in turmoil

Are markets kidding themselves about inflation?

Mercedes-Benz to halt ‘all future investments’ in Germany

Carmaker has also warned that plant closures are an option in escalating stand-off with unions over bid to reduce labour costs

Trump signals end to vice-president’s Iran peace deal push

President says US does not need an agreement with Tehran as he directs JD Vance to focus on domestic concerns

Transcript: Can Britain afford to lead European defence?

Lucy Fisher talks to Robert Shrimsley and Charles Clover

Italian banks may cut sovereign debt holdings in tax battle, warns Intesa chief

Head of country’s largest bank steps up fight against fresh levies on the sector

Electrification is only part of the climate battle

A COP31 pledge to expand electric power ought to have a green target attached

Nvidia sends a painful message on how to value a CEO

More clarity about why founders matter — and how much — should help everyone

US home sales fall to lowest level since 2010 as mortgage rates soar

Higher borrowing costs deepen housing market slump as interest rates weigh on transactions

CEO exits from history

Key man risk

Quantum Systems drones grounded by German military after cyber attack

Start-up with €7bn valuation and operations in Ukraine is latest European arms group to be targeted

Nvidia shares slide as Huang resigns

Stock falls as much as 14% before recovering to trade 5% down on Thursday

Meet the contenders to succeed Jensen Huang

From chief executives of rival companies to the former CEO’s own children, the race to lead Nvidia has begun