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Good morning from the Financial Times.
Today is Tuesday, July 15th, and this is your FT News briefing.
The EU is ready to spend big on Eastern members,
and Bitcoin looks like it's, in fact, headed to the moon.
Plus, Nissan is having a rough go of it,
but it's hoping a focus on the US market can change all that.
I'm Mark Filippino, and here's the news you need to start your day.
The European Union is shaking up its budget and its eastern countries are the winners.
A leaked proposal outlines a new way to allocate more than 750 billion euros of farming and development funds.
The plan shifts the common budget to favor newer member states and the ones that border Russia.
And it gives those governments more leeway on spending.
So they could divert money from things like regional development and spend it on defense.