Trump and Clinton win New York, Yahoo on the block and ‘bulk wine’

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With 98 per cent of the ballots counted, Donald Trump had secured 60.5 per cent of the Republican vote, while Hillary Clinton had won 57.9 per cent of the Democratic vote to Bernie Sanders’ 42.1 per cent.

Mr Trump faces an uphill climb to secure the 1,237 delegates needed to win his party’s nomination in July, and Mrs Clinton will get little respite in the coming months as Mr Sanders has vowed to fight on until the end of the Democratic primary season in June.

“Odd though it sounds in this unpredictable election, the eventual outcome is not in much doubt. Mrs Clinton will be the Democratic nominee and Republicans will do what they can to help her over the finishing line,” writes Ed Luce. (FT)

In the news

EU widens antitrust battle against Google The EU on Wednesday accused the US technology giant of abusing its dominance of the smartphone operating system Android. The new charge sheet will deepen US accusations that Margrethe Vestager, competition commissioner, is disproportionately targeting American technology companies with her antitrust and tax avoidance cases against Apple, Google, Amazon and Qualcomm. FT View: Why Ms Vestager is right to pick this second fight with Google. (FastFT, FT)

Mitsubishi admits falsifying test results Japan’s sixth-largest automaker has admitted altering testing data to show better fuel consumption rates for four of its mini-car models sold in Japan. It is halting production and sales of the affected models, including two supplied to Nissan. The models are the eK Wagon, eK Space, Dayz and Dayz Roox, involving about 625,000 vehicles. “We offer our deepest apology,” president Tetsuro Aikawa said. “We will get to the bottom of why this misconduct was carried out.” (FT)

Utah declares war on porn Utah political leaders and anti-pornography activists said on Tuesday that children’s minds are being corrupted in a world where graphic sexual images are a click away. The remarks were made as a spirited defence of the state’s declaration that pornography is a public health crisis. The Free Speech Coalition, an adult entertainment trade group, called the declaration an “old-fashioned” morals bill that is driven by ignorance and bias. (WaPo)

Russia wins legal victory A Dutch court has overturned a record $50bn damages award to former controlling shareholders of the Yukos oil company. The damages, 20 times bigger than any previous such award, were awarded after an arbitration panel found that Russia had illegally expropriated Yukos when it declared the company bankrupt almost a decade ago. The panel had ruled that the Energy Charter Treaty, an agreement designed to protect investors, was applicable to Russia, but The Hague court overruled that argument. (FT)

Intel cuts jobs The Silicon Valley company plans to cut up to 12,000 jobs in its largest workforce reduction in a decade, as the chipmaker refocuses on cloud computing sales and moves away from the declining PC market. (FT)

Verizon makes Yahoo bid The search and digital media company has made “substantial progress” in pursuing strategic alternatives, Marissa Mayer, its chief executive, said as US telecoms group Verizon emerged as the leading contender in a diverse group of bidders for the company. (FT)

It's a big day for

US-Saudi ties As President Barack Obama arrives on a valedictory visit to Saudi Arabia, a 70-year-old bargain between the two countries over security and oil looks frayed by fractious relations with a ruling House of Saud that is coming under unpredictable new management, writes David Gardner. (FT)

Nato-Russia tensions The Nato-Russia Council, which was broken off in June 2014 after the Crimea crisis, will meet in Brussels to discuss Ukraine, Afghanistan and how to avoid military accidents that might lead to war. The meeting is a sign of willingness to improve relations. However, the simulated attack passes of Russian warplanes near a US guided missile destroyer in the Baltic Sea last week, followed by the interception of a US air force plane by a Russian fighter two days later, have again strained the mood. (Reuters)

Flint Criminal charges will be announced in connection with the Flint water investigation, according to local media outlets. The state attorney-general’s office, which launched the probe into the city’s contaminated water, said in a press release the announcement would be “significant”. (Slate)

Food for thought

Britain’s friends are right to fear Brexit Martin Wolf is having none of the Leave campaign. “Those in favour of remaining, like me, would argue that, far from bringing gains, exercising the option to depart would deliver immediate losses. This, proponents of Brexit complain, is ‘project fear’. That objection is absurd. Avoiding needless and costly risks is how adults differ from children.” (FT)

Worrier or warrior? Every office has at least one — the hypercompetitive employee who’s out to win at all costs, writes Sue Shellenbarger. “These adversarial types go beyond striving for success. They turn every endeavor into a competition, whether it is intended to be or not, psychologists say. And they spark strong reactions in colleagues, from fighting back to just shutting down.” (WSJ)

How America’s coastal cities left the heartland behind St Louis and other Midwestern hubs prospered for much of the 20th century because of antitrust laws that kept distant economic predators at bay. Then lawmakers in Washington quietly changed the rules. (Atlantic)

From bulk copper to bulk wine China is the world’s largest market for red wine, but as the business seeks to recover from the Chinese government’s crackdown on corruption and lavish gift-giving, consumers are turning away from expensive French labels to “new world” exporters such as copper-rich Chile, the fifth-largest wine-producing nation and second-largest supplier to China. (FT)

Video of the day

Yahoo on the block US Lex editor Sujeet Indap and US M&A correspondent James Fontanella-Khan discuss the long list of prospective buyers for Yahoo, led by Verizon, which might end up as the new owner and why they would want it. (FT)