PRESS DIGEST- Financial Times - Aug 18

Headlines - Ofgem director quits in protest at changes to price cap calculation https://on.ft.com/3PrKRnL - Genesis CEO exits after crypto broker took hit from Three Arrows collapse https://on.ft.com/3QsI5A2 - Sanofi drops experimental breast cancer drug after second trial fails https://on.ft.com/3poEw27 - Jim Ratcliffe declares interest in buying Manchester United https://on.ft.com/3PyDrzf Overview - A board member of Ofgem Christine Farnish has quit after accusing the energy regulator of prioritising companies over consumers. - Crypto broker Genesis will cut a fifth of its staff and replace its chief executive Michael Moro as it counts the cost of lending $2.4bn to hedge fund Three Arrows Capital.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Ofgem director quits in protest at changes to price cap calculation https://on.ft.com/3PrKRnL - Genesis CEO exits after crypto broker took hit from Three Arrows collapse https://on.ft.com/3QsI5A2

- Sanofi drops experimental breast cancer drug after second trial fails https://on.ft.com/3poEw27 - Jim Ratcliffe declares interest in buying Manchester United https://on.ft.com/3PyDrzf

Overview - A board member of Ofgem Christine Farnish has quit after accusing the energy regulator of prioritising companies over consumers.

- Crypto broker Genesis will cut a fifth of its staff and replace its chief executive Michael Moro as it counts the cost of lending $2.4bn to hedge fund Three Arrows Capital. - Sanofi SA has abandoned development of a once-promising breast cancer drug called amcenestrant after a second failed clinical trial, dealing a blow to its pipeline of new treatments.

- Billionaire Sir Jim Ratcliffe has declared his interest in buying English football club Manchester United if its controlling owners, the Glazers, are open to a sale. (Compiled by Bengaluru newsroom)