A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analysis of data made public by  the Trump administration makes it difficult to discern whether the US Paycheck Protection Program was effective at saving jobs. Plus, the FT’s deputy Beijing bureau chief, Yuan Yang, explains why Microsoft’s position in China might give it an advantage in its takeover talks for TikTok. Appetite for Uber Eats fails to offset ride-sharing collapsehttps://www.ft.com/content/0f0cd5f1-f88d-44e1-8b6a-7b50e48118aaQuicken Loans IPO: mortgage pioneer cashes in a big winhttps://www.ft.com/content/4f7e583a-3327-42fd-80cc-81bde2339a9bHow many jobs were saved by the US small business bailout?https://www.ft.com/content/fd288b21-3391-4881-95a3-6b860c007ec0TikTok deal tests Microsoft’s decades of China experiencehttps://www.ft.com/content/b02d5324-07e6-48ac-b658-b8c400d9b4fc See acast.com/privacy for privacy and opt-out information.