Bookmakers William Hill have the Briton as 15/8 favourite for the 2018 drivers championship, with Ferrari's Sebastian Vettel at 3/1 and Red Bull's Max Verstappen at 10/3.
The German is 40 points adrift of Mercedes rival Lewis Hamilton with six races remaining and is running out of time to reassert himself in the battle of the four times world champions.
This year marks the first that two quadruple champions are competing in the same season and their battle to see who joins Argentine legend Juan Manuel Fangio in second place on the all-time list with five titles promises to light up the series.
Renault's Fernando Alonso needs one more point to become only the sixth driver to score 500 points in Formula One whereas Ferrari's Kimi Raikkonen (currently on 491) needs to win in Monaco.
Calderon, who is backed by the team's Mexican sponsor Telmex, was the first woman to drive a current Formula One car since Britain's Susie Wolff, who retired in 2015 after taking part in two grand prix practice sessions for Williams.
Sergio Perez expects to have his Formula One future decided before next month's Malaysian Grand Prix and said on Thursday that he is currently weighing up two options.
Formula One world champion Lewis Hamilton took pole position for the French Grand Prix on Saturday with Mercedes team mate Valtteri Bottas alongside him on the front row.
Team by team analysis of Sunday's US Formula One Grand Prix at the Circuit of the Americas.
Ferrari's Sebastian Vettel was first and last in Austrian Grand Prix practice on a Friday that team principal Maurizio Arrivabene will not forget in a hurry after nearly being run over by Felipe Massa.
Nico Rosberg won a dramatic Australian Grand Prix on Sunday after a bungled tyre strategy dashed Sebastian Vettel's chances of a season-opening triumph and Fernando Alonso survived a spectacular crash that left his McLaren wrecked.
Lewis Hamilton seized pole position for the Austrian Grand Prix on Saturday in a damp qualifying session that saw both the Formula One world champion and his Mercedes team mate Nico Rosberg skid off on their final laps.
Three-time world champion Lewis Hamilton dominated practice at the season-opening Australian Grand Prix on Friday, putting Mercedes on top of the timesheets and leaving his Formula One rivals with plenty to ponder before the weekend.
After pipping Ferrari's Sebastian Vettel with a lap of one minute 23.599 seconds in the first practice, the Briton shaved almost a second in FP2, his quickest lap clocked at 1:22.60.
The strangest of campaigns crammed 17 races, instead of the record 22 originally envisaged, into little more than five months from July with four triple-headers.
Formula One world champion Lewis Hamilton saw off a strong Ferrari challenge at the Italian team's home Grand Prix to seal his seventh pole position in a row and 11th in 12 races on Saturday.
Formula One world champion Lewis Hamilton stormed to his third successive pole position of the season, and third in a row in China, after edging team-mate Nico Rosberg in a front-row lockout for Mercedes on Saturday.
The four times world champion is enjoying his best start to a season since he was at Red Bull in 2011, leading Lewis Hamilton by seven points after two wins and a second place from the first three races.
The Formula One season winds up in Abu Dhabi on Sunday with both titles won, Lewis Hamilton aiming to close the year on a winning note and big money still at stake for those further down the paddock pecking order.
Brazilian Grand Prix stewards cleared BMW's Sauber's Robert Kubica and Nick Heidfeld and Williams' Nico Rosberg of alleged fuel irregularities.
The France-Austria-Britain sequence of races poses a fresh logistical challenge for teams hitherto committed only to back-to-back weekends, with the 21-round season hurrying to the halfway point.
The German was joined on the front row of the grid by reigning world champion and closest rival Lewis Hamilton, in a Mercedes.
Narain Karthikeyan finished 15th for Jordan as the highest-ranked of the four men making their Grands Prix debuts in Australia.
Lewis Hamilton survived another first corner clash with Mercedes teammate Nico Rosberg on Sunday to take a fifth Canadian Grand Prix victory and cut the German's championship lead to nine points.
The pole was the 91st of Lewis Hamilton's career and seventh at Silverstone.
Germany's Nico Hulkenberg will replace Racing Point driver Sergio Perez at this weekend's British Formula One Grand Prix after the Mexican was ruled out by a positive COVID-19 test result. Hulkenberg, a veteran of 177 Grands Prix, raced for the team when they were known as Force India. He competed for Renault last season.
Lewis Hamilton's Mercedes suffered a rare mechanical failure on Friday as Formula One teams wrapped up pre-season testing in Barcelona with Ferrari back on top of the timesheets.
'Tolerance is an elementary principle of our team and we are enriched by diversity in all its forms.'
Dutch teenager Max Verstappen became Formula One's youngest race winner on Sunday in a sensational Spanish Grand Prix that saw dominant Mercedes drivers Lewis Hamilton and Nico Rosberg collide on the opening lap.
The Briton lapped the Albert Park circuit in a searing one minute and 21.164 seconds to cross the line 0.664 seconds clear of Ferrari's Kimi Raikkonen.
Finland's Valtteri Bottas took pole position for the Russian Grand Prix on Saturday with Mercedes team mate and Formula One leader Lewis Hamilton having to settle for second place on the starting grid.
The time sheet for Sunday's Malaysian Formula One Grand Prix.
Max Verstappen gave himself a perfect 20th birthday present by winning the last Malaysian Grand Prix on Sunday, while Lewis Hamilton stretched his Formula One world championship lead to 34 points.
Fernando Alonso will test his new Ferrari for the first time in Spain on Tuesday while former champions Williams bring Formula One's 'launch season' to a close as the last team to unveil their 2013 car.
The clock is ticking for some of Formula One's big name drivers, with world champions and race winners out of contract at the end of the season and a restless young generation eager to take their places.
Lewis Hamilton helped Mercedes reassert their authority over Ferrari by leading home team mate Nico Rosberg in a dominant display.
Images from the Tuscan F1 Grand Prix held at at Mugello, Scarperia e San Piero in Tuscany, Italy, on Sunday.
Launching a scathing attack over his fellow drivers for not presenting a united front on the introduction of Halo device, Ferrari's Sebastian Vettel has favoured the launch of head protection device for the 2017 Formula One season saying nothing could 'justify death'.
Mexican Formula One driver Sergio Perez described his Force India team's financial situation as 'critical' on Thursday, and recognised that his own future remained uncertain.
The 92nd Annual Academy Awards hardly had any surprises up its sleeves. Here's a quick look at the winners.
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