Good morning from the Financial Times.
Today is Thursday, April 24th, and this is your FT News Briefing.
The UK and EU are teaming up on security,
and the US apparently has some real beef with the IMF and World Bank.
Mission creep has knocked these institutions off course.
Plus,
we'll take a look at what Elon Musk reducing his time in the Trump administration might mean for Tesla.
I'm Mark Filippino, and here's the news you need to start your day.
UK Prime Minister Keir Starmer and European Commission President Ursula von der Leyen meet today.
They're finalizing plans for a defense pact.
Sources say the deal will accomplish a couple of things,
notably open the door for sensitive talks on energy cooperation and maybe remove trade barriers for food and agricultural products.
Starmer and Von der Leyen are also set to announce a rollover of the current fishing arrangements between the two governments.
There is expected to be a formal announcement of these deals on May 19th.
Scott Besant had some choice words for the International Monetary Fund and World Bank yesterday.
The IMF and World Bank have enduring value.
But mission creep has knocked these institutions off course.
We must enact key reforms to ensure the Bretton Woods institutions are serving their stakeholders,
not the other way around.
The U.S.