Wall Street banks are urging large law firms to reduce fees amid AI competition, with analysts questioning the viability of Donald Trump’s 65-billion-barrel Venezuela oil agreement. The deal faces significant hurdles in attracting US corporate investment. Meanwhile, London’s Tube system is set to achieve full mobile network coverage by year’s end, finally ending decades of connectivity blackouts.

The FT News Briefing, produced by Sonja Hutson and Saffeya Ahmed and mixed by Sam Giovinco and Kelly Garry, covers these developments alongside other market stories. Executive producer Topher Forhecz and global audio head Flo Phillips oversee the production, with theme music by Metaphor Music.