Good morning from the Financial Times. Today is Thursday, October 28th, and this is your FT news briefing.

An activist hedge fund has called on Royal Dutch Shell to break itself up.

An Israel's coalition government seems united for now, plus private markets have become massive,

but their lack of transparency is causing concern in some quarters.

Some regulators are worried that bigger chunks of the economy are going dark as they put it.

As more and more economic activity migrates into private markets,

that they get less visibility into what's going on there.

I'm Mark Filipino, and here's the news you need to start your day.

5.

Activist hedge fund third point came out swinging yesterday.

It called on Royal Dutch Shell to break itself up and said the oil supermajor is bogged down

by an incoherent strategy. A source told the FT that third point has built up a large stake in

Royal Dutch Shell that's worth about $750 million. Here's the FT's US Energy Editor, Derek Brower.

This is a pretty big deal. I think after the engine number one activist battle against Exxon

Mobile that we all heard about earlier this year, this is the next big effort by an activist

shareholder to take on big oil, and after Exxon Mobile they don't come bigger than Royal Dutch Shell.

So Derek, why is third point doing this?

Well, it argues, and I think lots of shareholders have made this point about

Shell on the past that its structure doesn't really serve its purpose, it's of the purpose of investors.

And what they mean by that is that it's just too big, it's got too many different arms.

And now that the energy transition is something that Shell says it wants to be a participant in,

third point is arguing that Shell needs a strategy to handle that, and the strategy it says

...