Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) UK Prime Minister Keir Starmer and US President Donald Trump discussed trade in their first conversation since Trump re-entered the White House. They also agreed to “meet soon.”

(2) Business activity has slumped at British firms and profit warnings have risen, according to two reports that say each trend is the worst it’s been since the pandemic.

(3) The Colombian government has agreed to all of President Donald Trump’s terms, including the unrestricted acceptance of all undocumented immigrants from Colombia returned from the US, without limitation or delay, according to a White House Press Secretary statement.

(4) Four weeks before Germany’s snap election, the political temperature is rising as the campaign shifts onto the contentious terrain of migration and Elon Musk steps up his support for the far-right AfD party.

(5) Chinese AI startup DeepSeek's new model raises questions about America's technological dominance and the high valuations of companies like Nvidia.

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