MFS Investment Management’s Benoit Anne says geopolitical considerations, rather than domestic worries, are the primary driver of recent moves in UK gilt yields. Investors are focused on the government’s economic plan and how it will be funded; Anne says markets appear willing to give the new government some trust so long as fiscal discipline is maintained. He expects this year’s budget to be the key event, likely to reveal further details on measures and funding. At publication, the UK 10-year

LILLY and Tsinghua University signed a memorandum to establish a long-term, interdisciplinary strategic cooperation framework to explore large language models (LLMs) for health communication, biopharma and public‑health innovation, and international talent development, targeting challenges from population aging and chronic disease burdens. The MoU formalises and deepens a strategic partnership first discussed during LILLY CEO David Ricks’ March visit to Tsinghua, where both sides reached preliminary agreement to advance medical‑health innovation cooperation.

Iran's state media reported the Iranian Joint Military Command said any country or company that accepts assets seized from Iran will be barred from transiting the Strait of Hormuz.