Merkel won't let the UK "cherry pick" EU benefits, Airbnb is suing its hometown, and more news.

Last supper. (Pun not mine.) David Cameron faces his European counterparts at dinner tonight in Brussels for the first time since the UK voted to leave the European Union. Cameron is asking for time, insisting it'll be up to the next prime minister to commence the formal proceedings to leave the Union by invoking Article 50 of the Lisbon treaty. Other EU leaders are in no mood to do him any favors: France's Fran?ois Hollande, Germany's Angela Merkel and Italy's Matteo Renzi said they could wait on Article 50 but wouldn't accept informal negotiations. And speaking before the German Parliament, Merkel said there would be "no cherry-picking" of EU benefits. 

“We can’t afford an extended waiting game because that would be bad for the economy of both sides of the EU -- the 27 members and Britain. But I have a certain level of understanding if Britain takes some time to analyze things first.”

- Angela Merkel, German chancellor

Let the lobbying begin. Two dozen senior executives are meeting today with UK Business Secretary Sajid Javid. Others will meet with David Cameron on Thursday. Businesses are seeking as much information as they can on the government's plan for regulating their industries, workers' right, free trade deals and whatever else is coming down the pipeline. Uncertainty is what's killing them. 

Read more Brexit coverage on our UK channel. Check out this post on foreign policy implications for Washington or this one on where British cities go from here. 

Missed the last update?  Catch up here .

Airbnb is suing its hometown in federal court. The company opposes a new San Francisco rental regulation requiring it to verify hosts abide by the city's registration rules before showing their ads. Airbnb says it can't be held liable for content submitted by users; SF says hospitality is a regulated business and "it's the same principle for online vendors of alcohol and cigarettes." Ironically, The New York Times points out, Airbnb helped draft and pass those registration rules. 

Is Lyft for sale? The company has reportedly hired M&A bank Qatalyst to look at its options. There is a massive race for capital on in the ride-hailing space, where Uber may be amassing cash not just because it's burning it so fast, but to deprive competitors of oxygen. Lyft has aligned with China's Didi and Apple against Uber. 

It's not a year old but Hewlett Packard Enterprise is already getting a restructuring. "Simplify" is CEO Meg Whitman's watchword. Longtime CTO and head of HP Labs Martin Fink and chief customer officer John Hinshaw will both leave by year's end. Fink's pet project was the ominously named The Machine, an experimental computing system, which prototype Whitman announced for the fall. 

Photo: German Chancellor Angela Merkel speaks during a special plenary session on Brexit at the Bundestag in Berlin, on June 28, 2016. (JOHN MACDOUGALL/AFP/Getty Images)