FirstFT: Kamala Harris marketing campaign collects document $81mn in donations in first 24 hours

Good morning. We now have information at the moment on a $23bn deal between Google and Wiz falling by and an unique story on the UN’s opposition to carbon credit.

However first we flip to the US, the place Kamala Harris has simply given her first marketing campaign speech since President Joe Biden dropped his re-election bid.

Harris has secured the help of dozens of lawmakers and senior figures inside her celebration, in addition to the backing of sufficient delegates to win the celebration’s White Home nomination on the Democratic Nationwide Conference subsequent month, in response to a tally by the Related Press.

The vice-president was additionally buoyed by a document $81mn in donations inside 24 hours — greater than Biden raised within the first two months of his personal marketing campaign.

In an handle to marketing campaign staffers, Harris vowed to do every thing in her energy to defeat Donald Trump and pledged to supply People a “brighter future” in contrast with the “chaos, fear and hate” proposed by her Republican rival. Right here’s extra from her speech.

• Who will likely be her VP?: Hypothesis has mounted over Harris’s working mate. Listed below are the highest contenders.

• What are her insurance policies?: Having supported Biden’s agenda, the vice-president’s personal place is much less clear-cut. However right here’s what we learn about the place she stands on 5 huge points.

Scroll down for our chart of the day, which examines the important thing query with lower than 4 months to go earlier than the election: how does Harris measure up towards Trump? And right here’s what else I’m protecting tabs on at the moment:

• Netanyahu within the US: Biden will host Benjamin Netanyahu on the White Home at the moment forward of the Israeli prime minister’s speech to Congress tomorrow. Harris, who would often preside over such an handle, will miss the speech however will as a substitute meet Netanyahu individually this week.

• India: The federal government will current its price range after Prime Minister Narendra Modi confronted calls for from his new coalition companions to offer their states with billions of {dollars}.

• Outcomes: Alphabet, Coca-Cola, Comcast, LVMH, Mattel, Moody’s, Tesla, Basic Motors, Lockheed Martin, Philip Morris Worldwide, Spotify and Visa report.

5 extra high tales

1. Wiz and Google have known as off acquisition talks for a $23bn deal that might have been the largest-ever buy of a venture-backed firm. Shopping for the Israeli cyber safety firm would even have been the largest buy in Google mum or dad firm Alphabet’s historical past. Right here’s what’s going to occur now that the deal has fallen by.

• Extra on Google: Google has U-turned on a call to take away cookies from its Chrome internet browser, ending a four-year effort to guard customers’ privateness.

2. Unique: The UN has outlined its opposition to corporations utilizing carbon credit to fulfill local weather targets, in response to a draft doc seen by the Monetary Instances and drawn up by a activity pressure convened by secretary-general António Guterres. The UN believes corporations ought to as a substitute put money into methods to curb their very own emissions. Kenza Bryan has extra particulars.

3. The try on Donald Trump’s life was the “most significant operational failure” on the Secret Service in a long time, the company’s director stated yesterday. In testimony on Capitol Hill, Kimberly Cheatle stated she took “full responsibility for any security lapse” however defied bipartisan requires her to instantly resign. Right here’s extra from yesterday’s listening to.

4. US automobile producers and sellers are slashing costs to offset softening demand. New information reveals common incentive packages on new autos rose 53 per cent yr over yr in June, whereas the share of recent automobiles bought above the producer’s instructed retail value has halved. Right here’s why US shopper urge for food for automobiles has dropped.

5. Spain’s Pedro Sánchez has been known as to testify in a prison probe into graft allegations towards his spouse. The prime minister, who is ready to be questioned as a witness subsequent Tuesday, has described the investigation as a rightwing smear marketing campaign towards him.

The Large Learn

Europe has been dubbed the world’s museum, and the Mediterranean has thrived as its seaside resort. European nations hosted 709mn worldwide guests final yr, with rising numbers coming from North America however the overwhelming majority travelling inside Europe. However in some nations, the mass of enjoyment seekers has grown so nice that, from Venice and Amsterdam to Lisbon and the Greek island of Santorini, the persistence of locals has snapped.

We’re additionally studying . . . 

• Musk’s man: A 40-year-old Yorkshireman has risen by the ranks to develop into the right-hand man to X chief Linda Yaccarino. Who’s Nick Pickles?

• Joe Biden: From Nancy Pelosi’s non-endorsement to donors withholding funds, right here’s how three weeks of Democratic celebration agony led to an unprecedented political geronticide.

• French politics: Lengthy eclipsed by the Élysée Palace, an older establishment that spawned the phrases “left” and “right” has unexpectedly taken centre stage: the Nationwide Meeting.

• Working older: Regardless of the dangers highlighted by Biden’s blunders, altering demographics are set to hold older individuals employed, writes Emma Jacobs.

Chart of the day

With Kamala Harris now the heavy favorite to exchange Joe Biden because the Democratic celebration’s presidential candidate, the large query is: can she beat Trump? The vice-president is polling behind the previous president — for now.

Take a break from the information

The Olympics, which begin this Friday, have already got one winner: LVMH. With bottles of Moët and Louis Vuitton trunks by no means removed from sight, the Parisian conglomerate’s manufacturers have already made their mark on the Video games.

Extra contributions from Benjamin Wilhelm and David Hindley