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Good morning from the newsroom of the Financial Times.

Today is Wednesday, May 29th, and this is your FT news briefing.

Conservative Party leadership contender Matt Hancock takes the fight to rival Boris Johnson on behalf of corporate Britain.

Prime Ministers Pedro Sanchez and Emmanuel Macron are trying to prevent a conservative from landing the European Commission presidency,

and investors are raising their bets that the Fed will cut rates as the global economy slows.

Plus a merger between Fiat Chrysler and Renault

would create the third largest carmaker in the world.

The FT's Arash Masudi explains how the merger talks started and what they could lead to.

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

Since UK Prime Minister Theresa May announced she'll be stepping down,

Conservatives have been battling over who will take over as party leader.

And one candidate says he wants to repair relations with corporate Britain.

In an interview with the F.T.

Health Secretary and Leadership Candidate Matt Hancock

set out his proposals and blasted his leadership rival Boris Johnson for what Hancock called an anti-business stance.

Hancock paints himself as a centrist and says he wouldn't pursue a no-deal Brexit. And he said he wouldn't pursue a no-deal Brexit.

And he said he wouldn't rule out requesting a Brexit delay from the October 31st deadline

set out by the EU.

At 40 years of age, Hancock is the youngest so far in a field of what could be as many as 15 candidates,

eyeing Mrs. May's position.

...