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UK government ministers are preparing to cut heat pump subsidies, with part of £2bn in savings expected from the energy budget to be redirected toward defence spending. According to sources, some reductions will come from the boiler upgrade scheme, which helps households install low-carbon heating. The reported plan has raised concerns about the impact on the UK's climate and home heating transition.

The UK government is being criticised over reports it plans to slash the boiler upgrade subsidy for heat pumps while directing more funding to defence. Critics, including renewable energy advocates, call the move economically illiterate, arguing it will devastate the country's fledgling heat pump industry. They say Labour's growth promises conflict with cutting support for renewables in favour of arms spending.

A Wall Street analyst has halved its price target on AST SpaceMobile, the satellite-to-phone connectivity company, in what Barron's describes as the 'SpaceX curse'. Investors have long weighed AST SpaceMobile's direct-to-cell ambitions against SpaceX's Starlink, which is pushing into the same market with its own direct-to-phone service. The reduced target reflects growing concern that Elon Musk's company could crowd out smaller rivals.