Tuesday newspaper round-up: JLR, The Economist, Google

(Sharecast News) - Big pharmaceutical companies have ditched or paused nearly �2bn in planned UK investments so far this year, causing "suffering" to patients, as ministers gear up for discussions with Donald Trump amid a row over drug pricing. The government's plan for the life science sector, a key pillar of the economy, has been thrown into disarray, after US drugmaker MSD's shock announcement last Wednesday that it would scrap its �1bn London research centre. Two days later, AstraZeneca decided to halt a planned �200m expansion of its research facilities in Cambridge. - Guardian

Taxing Britain's SUVs in line with other European countries could raise almost �2bn a year for the public finances, research has shown. The Transport & Environment thinktank has urged the government to use the autumn budget to bring in a levy on the largest vehicles, which it said would reflect the damage they caused to the environment and infrastructure. - Guardian

Jaguar Land Rover's suppliers have been warned that car production may not resume until November as the fallout from a devastating cyber attack grows. The company's factory lines have already been paralysed for two weeks after hackers compromised its computer systems, a situation that has forced bosses to temporarily send thousands of plant workers home. - Telegraph

British philanthropist Lynn Forester de Rothschild is weighing up the sale of a stake in The Economist in the biggest shake-up of the magazine's ownership in a decade. Lady de Rothschild has hired advisers at Lazard to explore selling roughly a 20pc stake for as much as �400m, according to Bloomberg. - Telegraph

First-time buyers are knocking a rung off the housing ladder and going straight for their "forever home", according to analysis released by Barclays. The bank's mortgage data shows semi-detached properties made up 33.5 per cent of first-time buyer purchases in August - up 1.7 per cent year-on-year - while the traditional first choice of flats declined in popularity by 2.7 percentage points during the same period, accounting for only 19.6 per cent. - The Times

Google will invest an extra �5 billion in the UK over the next two years, in areas ranging from datacentre infrastructure to research and engineering. The funding will help develop the UK's AI economy, accelerate scientific breakthroughs and create 8,250 "new AI-driven jobs", the company said. - The Times