China threatens $69bn Broadcom-VMware mega-deal

Two things to start: Blackstone shares dropped more than 7 per cent on Thursday after it reported weaker than forecast earnings. Lex writes the second trillion is always the hardest.

And: We reveal what the future holds for Manchester United football club as it looks to welcome in Jim Ratcliffe as a minority investor. Plus, Sequoia’s Mike Moritz writes that the club is a tarnished trophy asset.