US graduates face cut-throat job market as companies scrap internships. Story by Taylor Nicole Rogers ft.com/content/b3684e…

Lenders such as Ally Financial and Morgan Stanley have alighted on a new way to transfer risk and boost their capital ratios but, asks Jonathan Weil, why bother? wsj.com/finance/lender…

“If anyone in Washington had been thinking of challenging the open spread of advanced AI, now would probably be the time.” RichardWaters ft.com/content/2968d1…

Big news in the accounting world: CBiz is buying Marcum to created the seventh-largest firm in the US ft.com/content/e8b726…

China Evergrande liquidators launch legal action against PwC Scoop by Chan Ho-him & Kaye Wiggins: ft.com/content/a7d8f0…

FT investigation: Google and Meta made a secret deal to target ads for Instagram to teenagers on YouTube, skirting the search company’s rules for how minors are treated. It targeted users labelled “unknown”, which Google knew skewed towards under-18s. ft.com/content/b3bb80…

Marcum Asia is going to need a new name ft.com/content/a79026…

ICYMI over the weekend, China-focused auditor Marcum Asia is looking for a new name, and perhaps eventually new investors, after being excluded from CBiz’s $2.3bn acquisition of its parent company Marcum. ft.com/content/a79026…

PwC fined record £15mn by FCA over London Capital & Finance by Simon Foy ft.com/content/96f809…

The Securities & Exchange Commission has been accused of censorship after forcing an academic to delay publication of a paper examining the impact of regulation on small audit firms ft.com/content/e8f8c4…

“I was talking to an executive at a big [consumer packaged goods] brand who said that for her, buying advertising from Walmart feels like tithing to the church.” Brilliant piece from Gregory Meyer on how Walmart became an advertising powerhouse ft.com/content/1e2a53…

JD Vance to Peter Thiel, via Alex Rogers: "I’m gonna keep on talking to Peter and persuading him that—you know he’s obviously been exhausted by politics a little bit—but he’s gonna be really exhausted by politics if we lose and Kamala Harris is president." ft.com/content/52a7c7…

EY cuts pay rises and bonuses for UK tax staff after slower year. Exclusive by Simon Foy ft.com/content/1751b8…

EY draws up female-dominated shortlist for top UK job ft.com/content/edb26f…

PwC tells UK staff it will be monitoring office attendance. Scoop by Simon Foy ft.com/content/11cced…

PwC’s global mobility business, sold to private equity in 2022, is in the throes of a debt restructuring after the separation proved more costly than expected. Scoop with Amelia Pollard: ft.com/content/b29c57…