Lex: notes from the past 24 hours

Internal equity valuation of $19bn in October would be vastly lower today

https://www.ft.com/content/cfc7dc83-60ac-473e-9667-b146cccb2d76

The greatest limitation on CCS is comparison with other technologies

https://www.ft.com/content/dbe75d89-b738-4798-bc32-07d126aee0db

Cash-strapped younger Britons seem less interested in the stock market than their US peers

https://www.ft.com/content/26330bbf-5553-4bd5-861f-03e0c54032e5

Global investors now see the world’s most populous nation as a better proposition than China

https://www.ft.com/content/1e291325-a951-40b7-a73c-89d7955f7e19

Aggregate figures mask a coming reckoning

https://www.ft.com/content/887b6a14-a9c3-4449-9296-265edb41b14c

Warren Buffett’s sidekick at Berkshire Hathaway offers lessons in creating meaningful wealth

https://www.ft.com/content/70e84213-7267-4c98-b6ef-cc98e48b328b

The congested London travel hub is something of a trophy asset

https://www.ft.com/content/227514cd-426f-4b1a-a9cd-5652f8c6abc0

Expect earnings estimates to weaken following the FDA’s safety communication

https://www.ft.com/content/1a34c456-3690-48c1-9659-71c1525011d3

UK supermarkets have absorbed a thing or two from Big Tech about network effects

https://www.ft.com/content/359aac71-fdde-4607-adab-03242a6eec3a

Narrowly focused fashion brands have a mixed history with public markets

https://www.ft.com/content/e5b05af2-9bf2-48f5-a364-2512a48c9101

Start-up is a private company but Sam Altman’s unexplained exit and sudden reinstatement have wider repercussions

https://www.ft.com/content/4ebe0975-82e4-4864-b546-6299adecc9aa

Consumer lending should remain highly profitable even if loan growth slows

https://www.ft.com/content/f944cd13-5b3b-42eb-a44f-d60fa094bd89

Aerospace group’s pledge to quadruple operating profits looks more credible than past efforts

https://www.ft.com/content/84ccfa6b-bf1e-4bfb-b96e-1def190c5798

Reported values are resilient simply because valuers do not have transaction data to price accurately

https://www.ft.com/content/b4e2e502-863c-4fe3-9c94-116183d4bc2a

Key drugs are due to lose exclusivity in the important US market in 2027

https://www.ft.com/content/e927330e-bc82-4e91-8416-5ebd89f49ff6

The group’s business model invites regulatory and political scrutiny in the US

https://www.ft.com/content/4080eb70-2fec-4494-8c83-dcf64c83501a

Many companies that gorged on leverage loans are now grappling with liquidity challenges

https://www.ft.com/content/fafa85be-0081-4b65-9dc8-fcac3799c2aa

With more slack in its supply chain, solar is a better bet than wind

https://www.ft.com/content/6b2a6703-4f99-4440-b3ef-14b757797e4b

France pushes ahead with efforts to green up its aviation industry

https://www.ft.com/content/249465a6-3deb-47c0-82e2-50c0de7e3b0f

Central banks are seeking safety in times of turmoil

https://www.ft.com/content/40a9fba3-14b3-4418-b0c9-6545d0380ac8

The portal currently appeals to growth and value investors equally

https://www.ft.com/content/01bbd7f3-b025-4f8d-baee-933408ea9f7b

Companies can do more to improve recycling and ease the environmental damage from discarded bottles

https://www.ft.com/content/33d28e12-8577-4e68-af6e-a53907b91dd9

More companies offering equal parental leave rights would help more women attain the top jobs

https://www.ft.com/content/9a739c24-544f-40c2-aa3d-e41c5cc20c66

The transfer of pension obligations fixes one of the parent company’s problems

https://www.ft.com/content/2ffe61df-5036-4486-af66-b0827d4d0a97

Reason behind ISSG’s rejection of offer is abundantly clear

https://www.ft.com/content/ab28e46c-5953-498c-b1f6-24ea0e404ac3