We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas,

15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested

20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power

750,000 homes, and we expect this to grow to

over 7 million UK households. We're an energy company searching for better. Equinore.com.uk.

Good morning from the Financial Times. Today is Friday, May 9th. This is your FT News briefing. The U.S. and the U.K. have a trade deal. And the Bank of England cut interest rates again. Plus, we'll hear from a U.S. regulator who is fired.

I personally wondered if some of the things and political donations that had been steered toward the president

had somehow played a role in my firing.

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

Thank you. The U.S. struck its first major trade deal since President Donald Trump announced global tariffs last month.

You all set to go?

Ready when you all?

Trump held a press conference yesterday in the Oval Office to announce it, with British Prime Minister Kier Starrmer on speakerphone.

And your voice comes through beautifully, Keir.

So I just want to...

Oh, that's good.

Yeah, it is.

You sound great.

The Trump administration has been negotiating with the U.K.

After the U.S. slapped tariffs on British imports.

With this deal, the UK joins the United States in affirming that reciprocity and fairness

is an essential and vital principle of international trade.

...