Donald Trump was sworn in as US president today, promising to usher in a “golden age” for America as he announced plans to immediately undo the policies of Joe Biden.

Speaking in the Capitol rotunda in front of America’s top government officials past and present — and more than a dozen billionaires — the president outlined his priorities for his second term.

While Trump’s address had echoes of his first inaugural speech in 2017, other aspects of the day highlighted how much the country’s politics has changed  — especially among Trump’s newest, and wealthiest, backers.

Below, top FT writers round up the day with our best news, opinion and analysis.

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Our recommended reads today

Trump’s inaugural regime change The contrast between Trump and his predecessors signalled this was not an ordinary transfer of power, writes Edward Luce in his analysis ‘He is power’: Billionaires line up for Trump’s inauguration Top business leaders, including four of the world’s five richest men, had prime seats at the ceremony FT View: America enters the second age of Trump President and his circle will test US checks and balances as never before, writes the FT editorial board Can Trump handle the new Republican factions? The party is united in personal loyalty to the president-elect, at least five groups with very different agendas

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