DoorDash takes a bite out of the U.K. food delivery market

From the BBC World Service: DoorDash is paying $3.8 billion to take over U.K. food delivery app Deliveroo as it looks to gain a footing in the market there. Elsewhere, Germany's DAX is down 2% after the leader of Germany's conservative party, Friedrich Merz, unexpectedly failed to win the parliamentary majority needed to become chancellor, New Zealand's prime minister wants to keep kids off social media and some businesses in Mexico are hiring English-speaking deportees.

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In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.