HSBC embarks on a cost-cutting drive that threatens up to 10,000 jobs, 2020 presidential hopeful Joe Biden accuses US president Donald Trump of spreading “flat-out lies”, and a post-Brexit trade deal with the US could “severely limit” Britain’s ability to negotiate an equivalent agreement with the EU, according to a leaked government paper. Plus, the FT’s Sarah Neville explains how Novo Nordisk tries to balance rising prices when it comes to insulin products with giving back to the diabetic community.

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