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

On today's podcast:

(1) Emmanuel Macron held talks separately with Donald Trump and Volodymyr Zelenskiy on aligning with the US after the French president spearheaded an effort to bring Europe to the table for discussions on ending Russia’s war on Ukraine.

(2) Discussions are gathering pace in the European Union on how to increase defense spending, with joint financing becoming a realistic option for a growing list of leaders, according to people familiar with the matter.

(3) Trade uncertainty over US President Donald Trump’s plans to hit the European Union with tariffs is already affecting the bloc by putting a lid on investment, according to EU Economy Commissioner Valdis Dombrovskis.

(4) Some UK government departments are bracing for budget cuts of as much as 11% as Prime Minister Keir Starmer comes under mounting pressure to plough more money into defense.

(5) Fifteen people were injured, three critically, after a Delta Air Lines Inc. plane flipped and came to rest upside down after landing in windy and freezing conditions in Toronto on Monday.

See omnystudio.com/listener for privacy information.