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Good morning from the Financial Times.
Today is Thursday, July 3rd, and this is your FT News Briefing.
The EU is under pressure to weaken its artificial intelligence regulations,
and the US wants to get trade deals done before higher tariffs kick back in.
Plus, the UK has a big fiscal hole, and not a lot of great options to fill it.
I'm Sonya Hudson and here's the news you need to start your day.
The CEOs of several dozen large European companies want Brussels to pause its AI act.
Those firms include Airbus and BNP Paribus.
They sent an open letter calling for a two-year delay on implementing the law,
which is considered the world's strictest.
The CEOs warned that the regulations are threatening the European Union's competitiveness in the global AI race.
The EU was already considering watering down key parts of the law that are set to go into effect in August.