Good morning from the newsroom of the Financial Times.

Today is Thursday, January 30th,

and this is your FT news briefing.

Facebook recorded its slowest pace of growth

since going public eight years ago,

and drug companies are scrambling to try and

find a vaccine for the coronavirus. Plus, Boeing had one of its worst financial years in decades.

The F.T.'s Claire Bushy explains how the aircraft maker is covering the years and

here's the FTS Claire Bushy explains how the aircraft maker is covering the costs of the 737 max crisis.

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

When you need to start your day. When financial markets closed in New York on Wednesday, Facebook shares were at an all-time high of $124 each.

But the stock tumbled by 7% in after hours trading. It was on the back of Facebook's

quarterly results which revealed that in the last three months of 2019 the social media

giant had its lowest pace of sales growth since

it listed on the stock market in 2012.

Facebook saw this slowdown coming.

It warned investors last year that there would be a quote more pronounced

deceleration of its revenue growth rate. It pointed to new privacy regulations.

Europe and the state of California passed legislation that gives users more power to stop businesses

from gathering and selling their data.

Apple has also put in place tougher privacy rules for its operating system.

The coronavirus has killed more than 170 people and infected thousands.

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