US food delivery app DoorDash offers to buy UK rival Deliveroo for $3.6bn

DoorDash is offering to buy its UK-based rival Deliveroo for $3.6bn (£2.7bn), Deliveroo said on Friday.Deliveroo said that its board was in talks with DoorDash over the offer and that a firm offer had not been made, according to statement sent to the Guardian. Should a firm offer of £1

Trade war fears hammer US consumer expectations; FTSE 100 in longest winning run since 2019 – as it happened

Ouch! US consumers’ economic expectations have slumped at the fastest rate since the 1990s recession.A closely-watched poll of consumer morale, from the University of Michigan, has found that economic expectations have fallen by a “precipitous” 32% since January, which they say is the biggest three-month drop since the economic downturn 35 years ago.The survy also found that consumer sentiment fell for the fourth straight month in April, plunging 8% from March, driven by a tumble in expectations.The final April sentiment index fell to 52.2 from 57 in March

Microsoft says everyone will be a boss in the future – of AI employees

Microsoft has good news for anyone with corner office ambitions. In the future we’re all going to be bosses – of AI employees.The tech company is predicting the rise of a new kind of business, called a “frontier firm”, where ultimately a human worker directs autonomous artificial intelligence agents to carry out tasks.Everyone, according to Microsoft, will become an agent boss.“As agents increasingly join the workforce, we’ll see the rise of the agent boss: someone who builds, delegates to and manages agents to amplify their impact and take control of their career in the age of AI,” wrote Jared Spataro, a Microsoft executive, in a blogpost this week

Apple ‘aims to source all US iPhones from India’, reducing reliance on China

Apple is reportedly planning to switch assembly of all iPhones for the US market to India as the company seeks to reduce its reliance on a Chinese manufacturing base amid Donald Trump’s trade war.The $3tn (£2.3tn) technology company aims to make the shift as soon as next year, the Financial Times reported.Apple has been swept up in Trump’s aggressive tariff policies, with the iPhone maker at one point among the biggest stock market casualties because of the prospect of its Chinese-made products being hit with a hefty import tax when they reach the US.However, the blow was softened by a White House decision to exclude smartphones from the heaviest Chinese tariffs, although Apple is still exposed to a 20% levy on all Chinese goods as part of the US president’s response to China’s role in producing Fentanyl

County cricket: Surrey v Somerset, Notts v Sussex, and more on day two – live

An over of Jack Leach to bring on lunch.Josh Tongue is waving bat, and bloomers, at the selectors – four fours in his 29 not out to complement his five wickets yesterday. He’s just lost his partner Patterson-White (42) after Sussex were frustrated by a ninth-wicket partnership of 71.Fifty for Rory Burns, his second of the season. He raises his bat for brief, smart, wave at the dressing room

Horse racing: Mullins and Skelton battle for title on final day of jumps season – live

The jump jockeys’ championship has at least been decided. Sean Bowen, who is improving in leaps and bounds in the saddle, is a deserved winner.One for the family album 👌 ⁦@Sean_Bowen_⁩ pic.twitter.com/kTjzx8049R4