Summary: Shares in the image sharing platform Pinterest tumble as much as 19 percent after the company’s first earnings report since going public, Starbucks’ China rival Luckin Coffee raises $561m in its IPO gaining a valuation of $4bn and UK Prime Minister Theresa May tells her MPs she will set out a timetable for her resignation and the election of a new leader. Plus, the FT’s Australia and Pacific correspondent Jamie Smyth explains why there’s so much bad blood in Australia and what it means for Saturday’s Federal election. <br><hr><p style="color: grey;">See <a style="color: grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>
