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The Takeover Bid EasyJet has called a potential £3bn bid by a US investment group “highly opportunistic”, as shares in the budget airline shot up to their highest level in three months on the takeover interest. Castlelake's Stake and Offer The US private credit firm Castlelake said on Friday it was considering a takeover offer for the airline. On Monday, it said it had already bought a 2.14% stake in the business and its offer would value easyJet at least at 403p a share, or about £3bn overall. EasyJet's Response However, easyJet hit out at its potential buyer, saying it was “highly opportunistic timing” as its share price was “temporarily depressed due to the current situation in the Middle East and its impact on customer confidence and jet fuel prices”. Market Reaction and Future Outlook Shares in easyJet shot up by as much as 12% in early trading on Monday, reaching 444.7p – well above the minimum level of a potential offer by Castlelake, and their highest level since 2 March, valuing the company at about £3.4bn. The jump later eased, with shares up about 10%. Regulatory Challenges Under City takeover rules, Castlelake, which is headquartered in Minneapolis and manages $36bn (£27bn) in assets, has until 5pm on 26 June to announce whether intends to make an offer for easyJet. EasyJet said it would “consider any proposal, should one be made” but that there were “considerable regulatory, financial and other execution challenges associated with a potential takeover”.

The Unplanned Performance La La Land is a much adored homage to Hollywood, where dreamers take chances and seize unexpected moments. On Saturday night at the ICC’s Darling Harbour theatre, that idea became a reality for a 21-year-old university student who was thrust into the spotlight at a live performance of the movie’s score – and saved a concert from derailment. The Keyboardist's Sudden Illness Sterling Nasa was in the audience at La La Land in Concert, a touring production where the movie – which features Ryan Gosling and Emma Stone – is projected on to a screen while a live orchestra plays the musical score in synchronisation with the film. The performance proceeded normally until the interval, which stretched out to 40 minutes. Then the film’s Oscar-winning composer and conductor, Justin Hurwitz, walked out alone to address the audience. The Call for a Pianist The orchestra’s keyboardist had suddenly fallen ill. Was there by any chance a pianist in the house? And one with exceptional sight-reading skills? Nasa, who plays piano and organ and is the bagpipes tutor at his old school, Scots College, hesitated when the call went out. The Impromptu Performance Nasa told the ABC he was thinking the same thing when he saw the complex score. “I saw it on the score and I thought, oh, I don’t know if I’m going to be able to sight-read that in one go,” he said. Like Gosling’s jazz-pianist character Sebastian, the student had to decide whether to stay in the shadows or take a monumental leap of faith. With no time to overthink, he chose to trust his instincts. The Audience's Reaction The gamble paid off, carrying the orchestra through the number – and earning Nasa a resounding ovation from the audience. “He saw it coming up … and he just improvised,” Hurwitz said. “That is a whole other skill on top of sight-reading. To be able to play a really cool solo in the right key, in the right scale, on the fly with no rehearsal – it was remarkable.” The Future Performance While the production team is now scrambling to rehearse new keyboardists for the upcoming Melbourne and Brisbane legs of the tour, Nasa will be heading back to his regular university lectures. La La Land in Concert will play at the ICC Sydney on Monday, at the Brisbane Convention & Exhibition Centre on Wednesday and at the Hamer Hall in Melbourne from Friday 6 to 8 June.

Customer Candidate Accuses Nationwide of Undermining Democratic ProcessJames Sherwin‑Smith, a former Vocalink executive, has launched a campaign to become the first customer elected to Nationwide’s board since 2002. He claims the lender is “unfair” and is deliberately skewing the election by steering members toward a default vote against him.Quick‑Vote Default Set to Block Sherwin‑Smith’s CandidacyNationwide announced it will present all members with a “quick‑vote” option that automatically includes a vote against Sherwin‑Smith at the July annual meeting. The board’s chair, Kevin Parry, stated the candidate lacks the necessary experience, justifying the recommendation.Nationwide holds 17 million members and assets exceeding £377 bn.The quick‑vote system is offered to every member as an easy way to follow board recommendations.Voting Statistics Reveal Scale of Quick‑Vote InfluenceLast year, 87 % of roughly 670,000 votes cast used the quick‑vote system, demonstrating its dominant role in member decisions. This high adoption rate suggests Sherwin‑Smith faces a steep uphill battle to inform members about the alternative voting path.Implications for Mutual Governance and Member RepresentationThe dispute has drawn criticism from Labour MP Navendu Mishra, who warned of “emerging governance issues” across the building‑society sector. If the quick‑vote default is perceived as a tool to entrench incumbent directors, it could erode confidence in member‑owned institutions and prompt regulatory scrutiny.Future Outlook for Member‑Nominated Directors at NationwideSherwin‑Smith’s campaign argues that board diversity and direct member representation are essential for accountability. The outcome of this election will signal whether Nationwide—and potentially other mutuals—will open their boards to external, member‑nominated candidates or maintain the status quo of internally‑selected directors.

The LeadFormer US Federal Reserve Chair Jerome Powell has issued a powerful defense of central bank independence while accepting the prestigious John F Kennedy Profile in Courage Award. In his speech delivered in Boston, Powell warned against the growing politicization of monetary policy, directly addressing the mounting pressure from President Trump on the Federal Reserve's decision-making processes.Powell's Defense of Central Bank IndependenceIn a clear reference to the current political climate, Powell described the Fed as undergoing a "stress test" similar to other institutions during the Trump era. He emphasized that the US Congress had "wisely" chosen to insulate the central bank from political pressure, noting that all advanced economies maintain similar norms protecting monetary policy independence."These protections have served the public well, and administrations from both parties have respected them," Powell stated. He went on to warn that if any administration were to remove Fed officials over policy differences, it would set a dangerous precedent: "If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well."Powell argued that such actions would erode public trust in the central bank: "The public would lose faith that the central bank will make decisions based only on what's best for all Americans." He stressed that the Fed's credibility, built over many decades, is a "priceless asset" that must be safeguarded for future generations.Trump's Campaign Against the FedWhile Powell did not mention Trump by name, his comments directly address the sustained pressure campaign the president has waged against the central bank. Trump has repeatedly criticized the Fed for not cutting interest rates more sharply, even threatening Powell with dismissal during his tenure.The administration's actions have extended beyond mere criticism. Trump appointee and ally Jeanine Pirro initiated a short-lived criminal investigation into Powell's congressional testimony regarding renovation works at the Fed's headquarters. More significantly, Trump ordered the removal of Fed governor Lisa Cook based on unproven claims of mortgage fraud, though the Supreme Court has ruled she can remain in her position while a legal challenge is considered.These actions challenge the traditional interpretation of the Federal Reserve Act, which requires the president to demonstrate "cause"—widely understood to mean malfeasance—to remove any of the Federal Reserve's governors.Broader Implications for Democratic InstitutionsPowell's speech extended beyond the specific issue of Fed independence to offer a broader defense of democratic institutions. He acknowledged that "partisan political differences are normal—indeed essential—in a thriving democracy," but emphasized the need for unity on higher principles."Chief among them is respect for the rule of law," Powell stated, quoting John Adams: "ours is 'a government of laws and not of men'." He highlighted how public institutions "carry us forward through change" and "embody our commitment to freedom, democracy, and service of the public good."These comments reflect growing concerns about the erosion of institutional norms during the current administration, with the Fed's independence being a particularly significant case given its critical role in managing the economy.Future Outlook for Fed IndependencePowell's warning comes at a critical moment for the Federal Reserve, which has historically enjoyed broad bipartisan support for its independence. The current administration's challenges to this norm could have far-reaching consequences for monetary policy and economic stability.Markets and economists will be watching closely to see whether the administration continues to pressure the Fed on interest rate decisions and whether other central bank governors face similar threats. The ongoing legal challenge to Governor Lisa Cook's removal will also be closely monitored as a potential test case for the limits of presidential power over the central bank.As Powell noted in his speech, the Fed's credibility is built over decades and can be lost quickly. The coming months may reveal whether this fundamental principle of American economic governance will withstand the current political pressures.

Summer Arrival Brings Noctilucent Clouds to the Night SkyAs the northern‑hemisphere summer settles in, a rare high‑altitude spectacle lights up the western twilight: noctilucent clouds, or “night‑shining” clouds, glow with an electric‑blue hue just after sunset.High‑Altitude Glows at the Edge of SpaceThese formations sit at roughly 80 km above the surface—virtually the edge of space—making them the highest known clouds in Earth’s atmosphere. They become visible about half an hour after sunset, when the lower atmosphere is in shadow but the thin upper layer still reflects sunlight.Numbers Behind the PhenomenonTypical altitude: 80 kmFirst documented sighting: 1885Key historical event coinciding with appearance: 1885 Krakatoa eruptionSouthern‑hemisphere season start: around OctoberResearchers note that no recorded observations exist before 1885, despite the clouds’ striking visibility, prompting theories that they may be linked to industrial aerosols emerging in the late 19th century.Why Noctilucent Clouds Matter for Climate ScienceThe clouds serve as a natural laboratory for studying upper‑atmospheric processes. Possible drivers include:Industrial pollutants providing nucleation sites for ice crystals.Volcanic eruptions (e.g., Krakatoa) injecting particles into the mesosphere.Climate‑induced increases in water vapour reaching higher altitudes.Because their brightness and frequency respond to subtle changes in mesospheric temperature and composition, noctilucent clouds are increasingly viewed as a proxy for monitoring climate‑related shifts.Future Outlook: Monitoring Upper‑Atmosphere ChangesScientists plan to combine satellite lidar measurements with ground‑based observations to track seasonal trends and assess whether cloud frequency intensifies under a warming climate. Continued study will help determine if noctilucent clouds can act as an early‑warning indicator for broader atmospheric transformations.

The Breakthrough in Breast Cancer TreatmentA landmark international study has revealed that millions of women with breast cancer could safely skip chemotherapy thanks to a genomic test that determines who needs the treatment and who doesn't. The randomised trial specifically examined whether the test could identify patients who would not benefit from chemotherapy, allowing them to avoid the potentially debilitating treatment without compromising their outcomes.The Scientific Evidence Behind the TestThe results of the Optima trial, which will be presented at the American Society of Clinical Oncology's annual meeting, are being hailed by experts as gamechanging. The five-year cancer-free survival rate was 93.7% in the group that skipped chemotherapy, which was statistically non-inferior to the 94.9% rate in patients randomly assigned to receive chemotherapy.The Prosigna genomic test analyzes the activity of 50 specific genes in tumor tissue to determine the molecular subtype and develops a risk of recurrence score to help doctors decide if chemotherapy is necessary. This precision medicine approach allows for personalized treatment decisions based on the unique characteristics of each patient's cancer.A Patient's Journey to Avoiding ChemotherapyKaren Bonham, a speech and language therapist from Swansea in Wales, was one of 4,429 patients with breast cancer recruited to the trial from countries including the UK, Norway, Sweden, Australia, New Zealand and Thailand. Diagnosed with cancer in 2017 at the age of 55 after routine breast screening, Bonham described the news as shocking."It certainly propels you into a world of uncertainty. Life priorities realign – you simply want to survive," she said. Dreading chemotherapy, she agreed to join the Optima trial after undergoing surgery. She was only days away from starting treatment and had already cut her hair short when the results came back in September 2017.While taking a walk on a Welsh beach, Bonham received a phone call from her hospital informing her she had been allocated to the group of patients that would not be having chemotherapy. "How to describe the initial feeling? Immense relief? Like Christmas? Certainly a mixture of the two," she said.The Future of Personalized Cancer CareToday, Bonham, now 64, retired and living in Cardiff, is free of cancer, healthy and shows no signs of the disease coming back. "It is coming up to nine years since my diagnosis," she said. "I am mindful of my diagnosis, alert to potential changes in my body but do not feel defined by [it]. I walk, enjoy yoga and live well."While not every woman with breast cancer will be able to skip chemotherapy—the treatment remains necessary and important for many—the trial results suggest that genomic testing can safely identify those who can avoid it. This approach represents a significant shift toward personalized medicine in oncology, reducing unnecessary treatment and its associated side effects while maintaining excellent outcomes."I hope that the trial will bring positive patient outcomes to many," Bonham said, reflecting on the potential impact of this research on future breast cancer patients.

Lead: A Literary Voice Finds Moral Guidance in the Vatican’s AI EncyclicalIn a recent Guardian column, Francine Prose expresses gratitude to Pope Leo XIV for his extensive encyclical, Magnifica Humanitas: On Safeguarding the Human Person in the Time of Artificial Intelligence. She argues that the Pope’s moral framing offers a useful counter‑point to the prevailing techno‑optimism that dominates discussions about AI’s creative potential. Pope Leo XIV Issues a Groundbreaking AI EncyclicalThe Vatican’s new letter, spanning more than 40,000 words, tackles both the promises and perils of rapidly evolving artificial intelligence. It opens with a biblical analogy—choosing between a modern Tower of Babel or a city where “God and humanity dwell together”—and proceeds to trace the Church’s historical stance on labor, authority, and scientific progress. Key Data Points from the EncyclicalLength: > 40,000 words (approximately the size of a short novel)Chapter 3 titled “Technology and Dominance: The Grandeur of Humanity in Light of the Promises of AI”Explicit warnings about AI used solely to maximize profit, manipulate privacy, and exacerbate economic inequality Impact Analysis: Moral Framing Meets AI GovernanceThe encyclical’s central claim—that AI lacks experience, embodiment, and moral conscience—reinforces a growing call for human‑centered AI policy. By positioning AI as a tool that can amplify existing power imbalances, the Pope adds a religious‑ethical voice to debates traditionally dominated by technologists, legislators, and industry leaders. This could influence future regulatory approaches, especially in regions where the Catholic Church holds cultural sway. Future Outlook: How Religious Ethics May Shape AI DevelopmentProse notes that while the document may not halt AI‑driven profit motives, it provides a framework for civil society to demand accountability. If embraced by policymakers, the encyclical could inspire legislation that protects privacy, safeguards employment, and ensures AI serves the common good rather than a privileged few. Conversely, pushback from Silicon Valley suggests a contested path ahead, with tech leaders questioning the Vatican’s technical expertise. Conclusion: A Call for Human‑Centred InnovationUltimately, Prose argues that the Pope’s vision—rooted in compassion, justice, and the intrinsic value of human relationships—offers a “beneficent” compass for navigating AI’s ethical terrain. Whether the Church’s moral authority will translate into concrete policy remains uncertain, but the encyclical undeniably enriches the global conversation about technology’s role in society.

The Rise of Sam Campbell Sam Campbell's journey from Australian standup comedian to Britain's most distinctive comedic voice represents a fascinating evolution in modern comedy. Since moving to the UK in the early 2020s, the 34-year-old has carved out a unique space in the British comedy circuit with his irreverent style that swings between hammy overacting and childish belligerence. His approach forces observational comedy through an absurdist filter, with contrarian takes covering everything from hand sanitiser and dragonflies to Ferrero Rocher and Bratz dolls. This distinctive voice earned him the prestigious Edinburgh comedy award in 2022, followed by an arrogant victory lap the next year with his single 10-minute performance titled Bulletproof Ten. The Unconventional World of "Make That Movie" Channel 4's new series "Make That Movie" represents Campbell's boldest creative venture yet. The show-within-a-show format stars Campbell as an alternative version of himself: a pompous director whose creative well has run dry. He invites the public to share their bizarre movie ideas, which he and his dysfunctional crew then develop into actual feature films within the framework of a shoddy reality program. Each episode concludes with the film's premiere, creating a viewing experience that's equal parts hilarious and bewildering. The production process was remarkably hands-off, with Campbell noting that the production company was busy working on an animated Ricky Gervais series about cats, "so we sort of got left to our own devices." This creative freedom was bolstered by Channel 4's head of comedy, Charlie Perkins, a longtime champion and collaborator of Campbell's who was described as "very trusting" despite initially not fully understanding the concept. Campbell's Comedy Philosophy What sets Campbell apart in the comedy landscape is his instinctive approach to humor. As director Joe Pelling observes, "Sam doesn't really seem like someone who's prone to super analysing his stuff too much. He's just led instinctively by what's funny." This gut-driven creativity manifests in his standup material, which subverts and simultaneously adheres to observational comedy tropes. In "Make That Movie," this translates to embracing obviously "dumb" ideas with deadpan seriousness, finding humor in taking film-making too seriously, especially when disaster strikes. The series features an ensemble cast largely drawn from Campbell's friendship circle, including fellow Australian comic Aaron Chen as the nerdy yet incompetent Sebastian, whose parents fund the entire enterprise. Exuberant standup Helen Bauer plays against type as grumpy sound engineer Pat, while 86-year-old actor David Hargreaves completes the gang as cinematographer Winnie. Dressed in matching purple jumpsuits, the team's aesthetic blends Ghostbusters with Scooby-Doo, creating what Pelling describes as a "real-life cartoon feel" to prevent the show from feeling bleak and strange. Campbell's Impact on British Comedy Campbell's influence extends beyond his own series to reshape the British comedy landscape. His triumphant stint on Taskmaster led to numerous appearances as the resident oddball on panel shows like Would I Lie to You?, 8 Out of 10 Cats Does Countdown, and QI. His most high-profile gig to date was this year's series of Last One Laughing UK, where he battled established comedians like Alan Carr, David Mitchell, and Bob Mortimer with unconventional material including duck impressions and claims of dining next to "mole people" during Eat Out to Help Out. What makes Campbell particularly distinctive is his deadpan delivery that proved more than just a mask during Last One Laughing UK. His composure was so unshakable that producers eventually had to implement a rule change, with Campbell ultimately losing to David Mitchell by virtue of having made marginally fewer contestants crack up. This ability to maintain his comedic vision despite external pressures has solidified his reputation as a uniquely uncompromising comedic voice. The Future of Alternative Comedy As Campbell continues to gain prominence, his success signals a promising future for alternative comedy within mainstream media. His willingness to embrace absurdity while maintaining underlying comedic logic suggests that there's significant appetite for comedy that challenges conventional formats and expectations. The fact that Channel 4 has given him such creative freedom indicates that broadcasters are increasingly recognizing the value of distinctive voices over formulaic approaches. Looking ahead, Campbell's career trajectory suggests he'll continue to push boundaries while maintaining his unique comedic identity. Whether through more television projects, standup specials, or other creative ventures, his instinctive approach to humor and refusal to second-guess himself positions him as a comedian who will likely continue to surprise and delight audiences while expanding the possibilities of what comedy can be.

French artist Camille Henrot presents her latest exhibition “Don’t” at the Perimeter in London, shifting from her previous large‑scale, concept‑driven installations to a pared‑back, intimate investigation of everyday digital overload. The Minimalist Turn: “Don’t” Strips Henrot’s Grand Narratives The show is divided into two bodies of work. The painted series layers screenshots, collaged paper and brushstrokes into frantic digital abstractions, while the accompanying drawings depict mythic beasts and overtly erotic figures. By inserting personal artifacts—a photo of her husband, an X‑ray of her wrist, even a bill for IVF‑related oocyte storage—Henrot turns the exhibition into a visual diary rather than a theoretical treatise. Absence of Big Numbers: What the Lack of Commercial Data Reveals Opening date: 2026‑05‑31 (press review) Venue run: until 25 July 2026 No disclosed ticket‑price or attendance figures, underscoring the exhibition’s focus on personal experience over market metrics. Redefining Post‑Internet Intimacy in Contemporary Art Henrot’s shift mirrors a broader trend in post‑internet practice: moving from hyper‑complex installations toward works that foreground the artist’s private life and digital fatigue. The chaotic blend of analogue and digital elements questions what is “real” in a screen‑saturated world, while the erotic drawings expose the raw, often ignored, physicality behind online personas. Future Directions: Anticipating Henrot’s Next Personal Exploration Given the intimate tone of “Don’t,” future projects may delve deeper into domestic technology, perhaps exploring AI‑mediated relationships or the emotional economics of data storage. Critics will watch to see whether Henrot continues to trade grand gestures for the mundane, reshaping how contemporary art narrates the digital age.