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Dimon Lobbies Whitehall Against Bank Tax Rise Ahead of October Budget

The JPMorgan chief executive personally called UK ministers to warn that higher levies on financial services would undermine London's competitiveness, in the most senior intervention yet in an escalating industry campaign.

Jamie Dimon has directly warned the UK government against raising bank taxes in the October Budget, part of a coordinated financial services lobbying effort. The intervention crystallises a policy risk hanging over UK-listed lenders and the broader City investment case.

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Analyst Desks Fan Out Across Biotech and Consumer as China Auto Demand Cracks

A heavy slate of target revisions from Guggenheim, Canaccord and UBS spans oncology, energy and household products, even as a 20% collapse in Chinese passenger vehicle retail sales flags a genuine demand shock in the world's largest auto market.

Sell-side research activity clustered in clinical-stage biotech and consumer discretionary names, with upgrades for ConocoPhillips, SharkNinja, BridgeBio and Cogent offset by reductions at Middleby and Neurogene. The sharper signal came from China, where July passenger vehicle retail sales fell 20% year over year.

BREAKING STORYBEARISH
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