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The Seattle-based ecommerce giant has issued weaker than expected guidance for the second quarter, sending its shares sliding in after-hours trading. on.ft.com/42FsAgP

Apple and Amazon were the major losers, with the iPhone maker budgeting at least $900mn in extra quarterly costs from tariffs, while the ecommerce giant cut its outlook and warned of higher prices and plunging consumer spending. on.ft.com/4jXcncm

Jeff Bezos to sell up to $4.75bn in Amazon stock on.ft.com/42GkeWj

Just published: front page of the Financial Times, international edition, May 5 on.ft.com/3SkYB7K

'Escape from Alcatraz' aired on PBS last night. Less than 24 hours later and US President Donald Trump said he would tariff movies made overseas and reopen the notorious prison. Cinema truly moves people.

The tactic has raised alarm in countries including South Korea and Vietnam, who are wary of becoming staging posts for goods destined for the US. on.ft.com/4jNsmKM

DoorDash strikes £2.9bn deal for Deliveroo on.ft.com/4d43DPt

Billionaire philanthropist Bill Gates said in an interview that Tesla chief Elon Musk had acted through ignorance during what Gates described as misguided cuts to US development assistance. on.ft.com/44ZIlR1

Uber wins multimillion-pound reprieve on disputed UK tax payments. Story with Rafe Uddin & Emma Agyemang on HMRC’s big setback in its £1.4bn VAT battle with the ride-sharing app. $UBER ft.com/content/d12f9b…

EU competition chief Teresa Ribera told reporters that she thought Ferguson had misunderstood the EU’s main digital regulation, adding that “in any case what I appreciate is mutual respect”. Antitrust ties fray as US and EU regulators squabble shorturl.at/txtTw via Financial Times

Have you just been fired from the #NSC and want to talk? Please message me on Signal at 202-763-4267. Here is my current story about the #massacre: on.ft.com/3F5vbru

‘Microsoft is the AI ringleader’: tech rivals flock to software giant’s stage on.ft.com/43wPciH

How have global companies fared since Donald Trump’s inauguration? Here are the big stock market winners — and losers: on.ft.com/43P2c3c

NEW: Microsoft is prepared to leave the negotiating table with OpenAI if it can't find a deal that is equal to or better than its current arrangement w/ Tabby Kinder , Rafe Uddin & George Hammond ft.com/content/072e90…

Amazon is weighing another multi-billion-dollar investment in Anthropic Already $8bn in, this is an attempt to surpass Google, also an investor, and deepen its partnership with the AI lab Claude is tied into Alexa & Prime and a 2.2GW data centre project is underway

Glad this is finally out after months of old-school journalism. There’s so much more to the story - and it needs to be told. Reminds me why I returned to the newsroom. Nvidia AI chips worth $1bn smuggled to China after Trump export controls Free link: on.ft.com/46V1hBy

Remarkable Scoop from Zijing Wu and Eleanor Olcott on the movement of Nvidia chips into China, despite US export restrictions

We've encouraged recent visitors to the FT's San Francisco bureau to hail a ride with Waymo. The experience is proving popular in the tech-forward city but how will robotaxis meaningfully scale across the globe? Story with Tim Bradshaw and Stephen Morris on.ft.com/4lKMy0P