OpenAI will maintain its non-profit structure, while US stocks have recovered from losses following President Trump’s tariff announcement. The Bank of England is anticipated to cut interest rates in response to the economic impacts of the US trade war, and Meta faces a significant legal challenge regarding AI copyright infringement in one of its first trials. This episode of the FT News Briefing features insights from a team of producers and an executive producer, with the full transcript available on FT.com.