FT News Briefing

The Trump administration plans to roll back some tariffs, Schroders agrees to a US takeover, and Americans paid 90 per cent of the cost of US President Trump’s tariffs last year. Plus, Goldman Sachs’ top lawyer will depart the company over Epstein ties, and how to buy a law firm when you’re not really allowed to. Mentioned in this podcast: Trump plans to roll back tariffs on metal and aluminium goods Schroders boss reassured UK Treasury ahead of £9.9bn US takeover Alphaville’s annotated thoughts on the Schroders takeover US businesses and consumers pay 90% of tariff costs, New York Fed says Top Goldman Sachs lawyer Kathy Ruemmler to resign over Epstein links How to buy a law firm if you’re not allowed to buy a law firm Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Fiona Symon and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US economy added 130,000 jobs in January, beating market expectations, and documents appear to contradict testimony Jes Staley gave about his involvement with Jeffrey Epstein. Plus, Bangladesh is holding its first elections since 2024's mass uprising. Mentioned in this podcast: Epstein trustee document contradicts Jes Staley testimony US economy far outstrips expectations to add 130,000 jobs in January After 17 years in exile, dynastic heir looks to lead Bangladesh Find the latest season of Tech Tonic here: https://www.ft.com/tech-tonic Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US commerce secretary Howard Lutnick said he visited Jeffrey Epstein’s island with his family in late 2012, Cuba is struggling under the US fuel embargo, and Ukrainian President Volodymyr Zelenskyy is planning for elections in the spring. Plus, the FT’s Camilla Paladino says oil major BP isn’t getting enough credit for its turnaround. Mentioned in this podcast: Howard Lutnick says he visited Jeffrey Epstein’s island in 2012 Zelenskyy plans spring elections alongside referendum on peace deal BP isn’t getting enough credit for its turnaround BP becomes first oil major to suspend share buyback plan Cuba runs out of jet fuel as Donald Trump squeezes oil supplies Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Gilts rebounded from earlier losses on Monday afternoon, and Novo Nordisk is suing US telehealth company Hims & Hers over ‘knock-off’ versions of its weight-loss drugs. Plus, France’s central bank chief is stepping down early, and US senators are pushing proposals to lift bank deposit insurance limits to avoid another Silicon Valley Bank debacle. Mentioned in this podcast: Gilts stabilise after cabinet voices support for Keir Starmer Novo Nordisk sues Hims & Hers over copycat weight-loss drugs Novo Nordisk faces more gloom from price cuts in crowded anti-obesity drugs market French central bank governor to step down early Can the US crack the formula for ending bank runs? Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK Prime Minister Sir Keir Starmer’s chief of staff resigned amid controversy over the Mandelson scandal, and Japan’s conservative governing party have won a landslide victory in snap elections. Plus, top academics have dismissed Federal Reserve chair Kevin Warsh’s claim that an AI-induced productivity boom will create room for interest rate cuts. And, Syria has struck a deal that would give them control over major oil and gas fields offering a potential boost to its fragile economy. Mentioned in this podcast: Starmer battles to stay in Number 10 after dramatic exit of McSweeney Sanae Takaichi’s LDP wins supermajority in Japan election Economists reject Kevin Warsh’s claim that AI boom will enable rate cuts Syria courts energy majors as it takes control of oilfields Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Amazon’s new AI spending blitz sent shares tumbling, chipmakers got swept up in a wider tech equities sell-off, Sir Keir Starmer has apologised to the victims of Jeffrey Epstein for appointing Peter Mandelson as Britain’s ambassador to the US, and American snack companies are lowering prices ahead of the Super Bowl. Plus, can Japanese Prime Minister Sanae Takaichi win this weekend’s election on star power alone? Mentioned in this podcast: Amazon stock slumps as it prepares $200bn AI spending blitz Arm CEO says AI software sell-off is ‘micro-hysteria’ Nvidia AI chip sales to China stalled by US security review Keir Starmer apologises to victims of Jeffrey Epstein Food and drink companies suffer as US shopper sentiment sinks Can Sanae Takaichi govern Japan on star power alone? Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Google said it plans to spend at least $55bn more on capital expenditure this year than Wall Street had forecast, US tech stocks were hit by a fresh wave of selling on Wednesday, and the FT’s Chris Cook talks about the challenges of unpacking millions of documents on Jefferey Epstein. Plus, OpenAI senior staff are leaving because the company is prioritising ChatGPT. Mentioned in this podcast: Google adds $55bn to capex plans as it boosts AI spending US tech stocks hit with fresh wave of selling as chipmaker AMD tumbles Police launch criminal investigation into Mandelson over Epstein scandal OpenAI’s ChatGPT push triggers senior staff exits Note: The FT does not use generative AI to voice its podcasts Credit: NBC News Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US tech stocks fell on Tuesday over AI concerns, Elon Musk is charting a new path for his “Muskverse” of companies, and the US military shot down an Iranian drone as Middle East tensions escalate. Plus, domestic energy companies in Argentina have benefitted from the country’s volatile economy, and Peter Mandelson is no longer a member of the House of Lords after Epstein scandal revelations. Mentioned in this podcast: US stocks drop on fears AI will hit software and analytics groups Tesla lurches into the Musk robotics era SpaceX buys xAI in $1.25tn deal to unite crucial parts of Elon Musk’s empire US shoots down Iranian drone as Middle East tensions escalate Police launch criminal investigation into Mandelson over Epstein scandal Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

France has adopted a deficit-cutting budget for 2026 after months of political wrangling, and the FT’s Christopher Grimes tells us about the front runner to be Disney’s next CEO. Plus, US President Donald Trump said he had struck a trade deal with India, and Société Générale is European banking’s latest comeback kid. Mentioned in this podcast: France adopts budget after premier survives no-confidence vote Disney warns of hit to US theme parks as foreign tourist numbers fall Trump to slash India tariffs after Modi ‘agrees’ to stop buying Russian oil How SocGen dragged itself back from the brink Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Europe’s largest oil companies are poised to curb share buybacks, and Kevin Warsh’s nomination to Fed chair could spark a rethink of how America’s central bank works. Plus, consumer giants deal with backlash over contaminated baby formula. And, a rollercoaster in precious metals prices triggers ‘pandemonium’ in New York’s Diamond District. Mentioned in this podcast: Europe’s oil majors prepare to cut billions in shareholder payouts Kevin Warsh’s nomination as Fed chair to spark rethink of bank’s role Nestlé and Danone hit by backlash over contaminated baby formula Gold and silver tumult triggers ‘pandemonium’ in New York’s Diamond District Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Fiona Symon and Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Apple reported a blockbuster rise in revenue last quarter, and Blackstone is preparing to take a series of long-held investments public. Plus, Canada’s oil industry is thriving as it pushes into Asian markets. Plus, some US oil majors are reporting earnings, which could give us a window into whether they're preparing to invest in Venezuela. Mentioned in this podcast: Apple hails ‘remarkable’ $144bn quarter with best-ever iPhone sales Blackstone lines up ‘one of largest IPO pipelines in history’ Canada’s oil industry thrives as sales to China soar Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla on Wednesday reported its first-ever fall in annual revenue, Donald Trump has warned Iran that “time is running out” to reach a deal to avert US military action, and the Federal Reserve kept interest rates on hold. Plus, the world’s biggest mining companies have added close to half a trillion dollars to their valuations this year, triggered by heightened geopolitical tensions. Mentioned in this podcast: Tesla trims car line up in pivot to AI as annual revenue falls for first time Federal Reserve signals no rush to cut interest rates as US economy powers ahead Trump warns Iran ‘time is running out’ for deal to avert US military action Metals surge boosts value of mining groups by almost $500bn Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US health insurance stocks plunged yesterday, and New Delhi and Brussels have agreed a trade deal that will eliminate up to €4bn of tariffs on EU exports. Plus, Nato is increasing its military presence in the Arctic to counter Russia. Mentioned in this podcast: US health insurer stocks plummet on Trump Medicare spending plan EU and India seal trade pact to slash €4bn of tariffs on bloc’s exports How Nato is preparing for war in the Arctic Send your voice memos about your post graduate job search to: marc.filippino@ft.com Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Sonja Hutson and edited by Marc Filippino. It was produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Trump administration has linked security guarantees for Ukraine to Kyiv ceding the Donbas region to Russia, and there’s speculation that the US and Japan could be working together to support the yen. Plus, Israel’s military announced it had retrieved the remains of the last hostage from the Gaza Strip, and Big Tech companies are on track to dominate borrowing in the US bond market. Mentioned in this podcast: US links security guarantees for Ukraine to peace deal ceding territory Dollar sinks to 4-month low and gold soars past $5,000 as yen leaps Israel retrieves remains of last hostage in Gaza Big Tech’s borrowing spree raises US bond market fears Send your voice memos to: marc.filippino@ft.com Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Clare Williamson and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Trump administration’s immigration enforcement agency faces growing backlash after federal agents fatally shot a second protester in two weeks, and Trump teases his pick for the US’s next Federal Reserve chair. Plus, UK Prime Minister Keir Starmer goes on the charm offensive in Beijing, and why the US is investing in rare-earths companies. Mentioned in this podcast: Trump faces growing backlash against immigration crackdown after shooting BlackRock’s Rick Rieder surges ahead in race to chair Federal Reserve Keir Starmer prepares for his Chinese charm offensive US to invest $1.6bn into rare earths group in bid to shore up key minerals Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Intel shares slide 12 per cent as supply constraints limit growth, and Trump’s “Board of Peace” is dividing the US’s allies. Plus, Iran’s government is seizing properties and businesses after protests rocked the country, and Victoria Craig unpacks next week’s meeting of the Federal Reserve. Mentioned in this podcast: Intel shares slide 12 per cent as supply constraints limit growth Iran seizes properties and businesses in crackdown after unrest Who wants to join Donald Trump’s ‘Board of Peace’? Fed chair gender reveal post Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Henry Larson, Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump has dropped his tariff threat on Greenland, and the FT’s Derek Brower explains how Trump has navigated the World Economic Forum in Davos. Plus, EU lawmakers have postponed the ratification of a trade deal with the Mercosur group of South American economies, and US Supreme Court justices appeared sceptical of Donald Trump’s efforts to sack Federal Reserve governor Lisa Cook. Mentioned in this podcast: Greenland latest: Trump rules out using force but calls for ‘immediate negotiations’ Trump’s Greenland pivot puts Europe in a bind Howard Lutnick heckled at Davos dinner as Christine Lagarde walks out EU lawmakers vote to delay Mercosur trade pact over legal concerns Supreme Court justices express scepticism over Donald Trump’s attempt to sack Fed’s Lisa Cook Berkshire Hathaway considers selling $7.7bn stake in Kraft Heinz Credit: World Economic Forum, Supreme Court of The United States Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US equities and the dollar fell in response to transatlantic tension over Greenland, and the FT’s Robin Wigglesworth breaks down the idea of Europe leveraging its US Treasuries to influence President Donald Trump. Plus, Netflix said that the entertainment industry remains “intensely competitive”, and China is selling drone components to Russia and Ukraine. Mentioned in this podcast: Dollar and US stocks fall as Trump says ‘no going back’ on Greenland bid Could Europe really leverage its $12.6tn pile of US assets? Netflix highlights industry competition as it seeks Warner Bros deal approval The Chinese suppliers that could decide the drone war in Ukraine Credit: Reuters Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

China has registered its lowest number of births since records began. European governments weigh up options to bring down the high cost of their state pensions? Saudi Arabian banks borrow at record pace. Plus, Chinese EV carmakers have their eyes on the UK. Mentioned in this podcast: China registers lowest number of births since records began China’s GDP grows 5% in 2025 as exports offset weak domestic outlook Can Europe still afford its generous state pensions? Josh Gabert Doyon: https://www.ft.com/josh-gabert-doyon Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Josh Gabert Doyon, and produced by Clare Williamson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As Europe considers retaliation measures to US President Donald Trump’s tariff threat to NATO allies that oppose his Greenland-takeover bid, Denmark seeks to bolster its own relationship with the Arctic island. Plus, the US capture of Venezuela’s president has boosted demand for Latin America political risk cover. And, geopolitics is the topic du jour at the World Economic Forum in Davos, Switzerland. Mentioned in this podcast: EU readies €93bn tariffs in retaliation for Trump’s Greenland threat Denmark’s development bank has ‘huge appetite’ to invest in Greenland, CEO says Nicolás Maduro ousting boosts demand for Latin America political risk cover Behind the Money podcast: Davos’ fight for relevance Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Credit: NBC, White House, World Economic Forum Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The EU is proposing a new way to allow Ukraine to join the bloc, and it was the best year for US investment banks since 2021. Plus, a look into the iron ore market and the role China is playing in it, and a preview of the World Economic Forum in Davos. Mentioned in this podcast: EU ‘membership-lite’ plan for Ukraine spooks European capitals Jamie Dimon warns Trump administration’s attacks on Fed could boost inflation China’s state iron ore buyer flexes muscles in talks with global miners Behind the Money podcast: Davos’ fight for relevance FT subscription sale here. Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval, Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump has not ruled out military action in Iran and Japan’s Prime Minister Sanae Takaichi plans to call a snap general election. Plus, Donald Trump’s “unpredictable” policies have prompted bond giant Pimco to diversify away from US assets, and US banks push back against Trump’s credit card cap plans. Mentioned in this podcast: Donald Trump says he has received assurances ‘killing in Iran is stopping’ Japan’s Sanae Takaichi to call snap election Donald Trump’s ‘unpredictable’ policies to fuel multiyear shift from US, Pimco says Wall Street hits back at Trump credit card cap plans FT subscription sale Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Two former senior executives at the collapsed subprime car lender Tricolor Holdings pleaded not guilty to fraud and financial crime charges, and Microsoft is pledging to “pay its way” for its AI data centres. Plus, US inflation stayed at 2.7 per cent in December, and we’ll talk about what Balderton Capital’s early investment in Revolut can teach us about venture capital investment. Mentioned in this podcast: Tricolor executives plead not guilty to charges stemming from collapse Microsoft vows to ‘pay its way’ as it seeks to defuse data centre backlash US inflation stays at 2.7% in December Billions from a million: the London VC that hit the jackpot with Revolut FT subscription sale Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Michael Lello and Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UBS chief executive Sergio Ermotti is planning to step down in April 2027, and Paramount threatened a proxy fight in its latest move to force Warner Bros Discovery back to the negotiating table. Plus, the FT’s Robert Armstrong explains what could come next in US President Donald Trump’s crackdown on the Federal Reserve. Mentioned in this podcast: UBS boss Sergio Ermotti plans to step down in April 2027 Paramount threatens proxy fight in battle for Warner Bros Discovery What is behind the criminal investigation into Jay Powell? Former Fed chiefs attack DoJ probe into Jay Powell FT subscription sale Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US federal prosecutors opened a criminal investigation into Federal Reserve Chair Jay Powell, and civil unrest continues to threaten the Islamic regime in Iran. Plus, earnings season kicks off this week with the bank results. Mentioned in this podcast: US prosecutors investigate Jay Powell over revamp of Fed headquarters Iran warns US against intervention Wall Street headed for best investment banking year since pandemic FT subscription sale Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Marc Filippino and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music. Source: Federal Reserve, White House Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This is a repeat of an episode published on Swamp Notes, a sister podcast of the FT News Briefing on January 9, 2026. Subscribe to Swamp Notes on Apple, Spotify, Pocket Casts or wherever you listen. After a military operation to capture Venezuela's leader, the Trump administration is seeking influence over other regions across the western hemisphere. The FT’s national editor Edward Luce and US-Europe foreign affairs correspondent Amy Mackinnon share their insights on how Trump and his cabinet have come to embrace the idea of foreign intervention. Mentioned in this podcast: Trump really wants Greenland US says using military is among ‘options’ to acquire Greenland How the US’s audacious operation to capture Nicolás Maduro unfolded Sign up for the FT’s Swamp Notes newsletter here Swamp Notes is hosted by Marc Filippino, and produced by Henry Larson. This week’s show was mixed by Sam Giovinco. The FT’s acting co-head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. The FT does not use generative AI to voice its podcasts. CREDIT: Roll Call, CNN, Democracy Now! Hosted on Acast. See acast.com/privacy for more information.

Glencore and Rio Tinto resume mining megamerger talks, protests in Iran over economic conditions are the largest in years, and the US trade deficit narrowed to its lowest level since 2009. Plus, is there a right way for chief executives to exit a company? Mentioned in this podcast: Glencore and Rio Tinto resume talks on mining megadeal Iran protests spread to neglected hinterlands US trade deficit slides to lowest level since 2009 in October Art of the exit: is there a right way for CEOs to quit? CREDIT: Reuters Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US wants to control Venezuelan oil sales ‘indefinitely’ but the ‘catastrophic’ state of the Latin American nation’s crude facilities presents several hurdles. Plus, President Donald Trump banned institutional investors from buying single-family homes, and the UK and France pledged to deploy troops to Ukraine as part of sweeping US-backed security guarantees. Mentioned in this podcast: US seeks to control sales of Venezuelan oil ‘indefinitely’ The ‘catastrophic’ state of Venezuela’s oil facilities Donald Trump moves to ban institutional investors from buying single-family homes France and UK commit to deploying troops under proposed Ukraine peace deal Credit: CNBC Television Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Leading asset managers are positioning for a sharp sell-off in US technology stocks, Venezuela’s government has launched a crackdown after the US captured Nicolás Maduro, and the Trump administration is meeting with executives from US oil majors to discuss its strategy for Venezuela. Plus, the FT’s Joe Leahy explains how US involvement in Venezuela could affect China. Mentioned in this podcast: Fund managers prepare for ‘reckoning’ in US tech sector Venezuela launches wave of repression after US seizure of Nicolás Maduro US oil tankers sail towards Venezuela as risk of production ‘collapse’ looms China’s influence in US backyard tested by Nicolás Maduro’s downfall Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello.The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Ousted Venezuelan president Nicolas Maduro pleaded not guilty to narco trafficking charges, and smaller private investors are eager to invest in Venezuelan oil. Plus, Chinese carmarkers are expected to increase exports this year, and we’ll look at how south-east Asia has been riding out Trump’s tariff storm. Mentioned in this podcast: Maduro pleads not guilty to drug-trafficking charges in New York court What is Trump’s plan for Venezuelan oil? Ex-Chevron executive seeks $2bn for Venezuelan oil projects Chinese car exports set to jump as domestic sales cool How south-east Asia is riding out Trump’s tariff storm Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Kaye Wiggins, Gavin Kallmann, and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump has warned Venezuela’s defacto leader she must meet America’s demands following Nicolas Maduro’s capture. We explore what Trump hopes to achieve in the Latin American country, and the challenges ahead for its people and resource-rich oil industry. Mentioned in this podcast: Trump topples Maduro and vows to ‘run’ Venezuela in stark display of US power Donald Trump warns Venezuelan rulers as Washington prepares to dictate policy Washington plans to put oil at the heart of Venezuela’s future Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig and produced by Julia Webster and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Emily Goldberg. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Source: White House, NBC, CNN Espanol Hosted on Acast. See acast.com/privacy for more information.

Financial Times columnist Gillian Tett predicted that the Magnificent 7 tech stocks were not going to fall, but they wouldn’t ride a lot higher either in 2025. What actually happened was a bit of a mixed bag, and Gillian says that sets these companies up for diverging paths in 2026. The era of an artificial intelligence tide lifting all boats seems to be drawing to an end. Mentioned in this podcast: Forecasting the World in 2025 Forecasting the world in 2026 Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Victoria Craig and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Europe’s banking industry could shed 10 per cent of its workforce by 2030. Plus, the FT’s US national editor and columnist Edward Luce predicted America’s president would not fall out with one-time “first buddy”, billionaire Elon Musk in 2025. He explains why they could form a new kind of alliance in 2026. Mentioned in this podcast: AI forecast to put 200,000 European banking jobs at risk by 2030 Forecasting the World in 2025 Forecasting the world in 2026 Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson and Marc Filippinio. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Credits: The White House, Fox News, CBS, AP Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The FT’s Europe editor Ben Hall thought there would be a Ukraine peace deal in 2025. Despite lots of back and forth over ceasefire proposals, an agreement has yet to materialise. The negotiations reveal a lot about the relationship between the west and Russia. Can the countries come to an agreement in 2026? Mentioned in this podcast: Forecasting the World in 2025 Volodymyr Zelenskyy calls for 50-year US security guarantee for Ukraine Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Victoria Craig and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump hosted Ukraine’s leader at Mar-a-Lago for high-stakes peace talks but failed to reach a breakthrough. Plus, FT markets columnist Katie Martin predicted that in 2025, the bond market would creak but not break. She explains why it held up and whether that will continue in 2026. Mentioned in this podcast: Trump and Zelenskyy talks fail to deliver breakthrough on Ukraine peace deal Forecasting the World in 2025 Unhedged podcast Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Sonja Hutson and Marc Filippinio. Our show was mixed by Kent Militzer. Additional help from Adam Samson and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Credit: White House Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

What went right in 2025? What could go wrong in 2026? Recorded for the FT’s digital conference The Global Boardroom, Katie Martin and Rob Armstrong talk with Ian Smith, the FT’s senior markets correspondent, about the incredible resilience of the US stock market, and the challenges ahead. Also, they go long boring companies and short KPop Demon Hunters. Subscribe to Unhedged to hear more. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer. You can email Robert Armstrong and Katie Martin at unhedged@ft.com. This is a repeat of an episode published on Unhedged, a sister podcast of The FT News Briefing, on Dec. 11, 2025 Hosted on Acast. See acast.com/privacy for more information.

The French pioneer of European integration Jean Monnet believed that Europe would be ‘built in crisis’. The war in Ukraine is putting this theory to the test, once again. Gideon discusses with historian Timothy Garton Ash how European leaders are responding to this latest crisis after the brief ‘holiday from history’ that followed the fall of the Berlin Wall. Subscribe to The Rachman Review. Clip: ITV Note: The FT does not use generative AI to voice its podcasts This is a repeat of an episode published on The Rachman Review, a sister podcast of the FT News Briefing, on Nov. 20, 2025 Hosted on Acast. See acast.com/privacy for more information.

When international private equity groups first entered Japan at the turn of the 21st century, newspapers criticised them as vulture funds and politicians steered clear of public contact. Today, it’s a different story. Dozens of buyout groups have set up in the country and the establishment is courting them. The FT’s Tokyo correspondent David Keohane and Tokyo bureau chief Leo Lewis explain why there’s been a shift, and how private equity’s presence may rejuvenate Japanese corporates. Clips from Toho The FT does not use generative AI to voice its podcasts. This is a repeat of an episode published on Behind The Money, a sister podcast of FT News Briefing, on November 26, 2025. Follow Behind the Money on Acast, Apple Podcasts, Pocket Casts or Spotify. Hosted on Acast. See acast.com/privacy for more information.

This is an episode of Political Fix, the FT weekly podcast that takes you into the corridors of Westminster to unwrap, analyse and debate British politics with a regular panel of FT correspondents. It’s been another turbulent year in UK politics. Prime Minister Keir Starmer has faced down rebellions from within his own party, overseen scandals and sackings, and delivered a constant barrage of bad news from health and housing to small boats and the Budget. He’s fared a little better on the world stage – with successful state visits, securing a comparatively competitive trade deal with Trump, as well as a tentative rapprochement with Europe. But with every international success, Starmer’s standing domestically seems to diminish: he ends the year, on some measures, as the most unpopular PM ever. In this special live episode of Political Fix, host George Parker is joined by Anna Gross, Stephen Bush and Chris Giles to analyse how the Labour party got here – and where it goes next. This is a repeat of an episode published on Political Fix, a sister podcast of FT News Briefing, on December 12, 2025 To listen and subscribe to more episodes, find Political Fix on your favourite platform by clicking here! Hosted on Acast. See acast.com/privacy for more information.

How much do we really know about ageing? For decades, scientists have been trying to understand the biology of the ageing process - what happens to our bodies as we get older? And is it possible to slow that process down or even stop it all together? In this series of Tech Tonic, the FT’s Hannah Kuchler and Michael Peel look into the past, present and future of longevity - the wellness movement focused on extending and bettering your quality of life. Episode 1 follows Hannah as she speaks with UCL professor David Gems about the history of ageing research, and then with longevity researcher Matt Kaeberlein to discuss how the industry has developed - including current drugs that could have anti-ageing effects. Plus, Michael visits the Reviv clinic in London where he experiences, first hand, the growing consumer interest in the longevity craze. To listen to the rest of the series, find Tech Tonic on your favourite podcast platform by clicking here! Clips: @DaveAspreyBPR, @drjoshaxe, @HealthCoachKait, Hevolution, Pom, Purina, Garnier, 4G antioxidants, @ChrisWillx, @lexfridman, ABC News, C-Span, CBS, ITV This Morning, Wired UK, The Dissenter, Will Tennyson The FT does not use generative AI to voice its podcasts. Hosted on Acast. See acast.com/privacy for more information.

In this final episode of their series for the FT's The Economics Show, FT chief economics commentator Martin Wolf and Nobel laureate Paul Krugman consider listeners’ questions and comments ranging from a critique of globalisation, increasing inequality and plutocracy, the global appetite for US federal debt, China’s economic future and much more. This is a repeat of an episode published on The Economics Show, a sister podcast of FT News Briefing, on December 17, 2025 Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. Read Martin’s column here Subscribe to Paul’s substack here Find Paul’s cultural coda here. Find Martin’s cultural coda here. Produced by Mischa Frankl-Duval and Josh Gabert-Doyon. Manuela Saragosa is the executive producer. Tom Hannen is the video editor. Sound design and original music by Breen Turner. Hosted on Acast. See acast.com/privacy for more information.

The holiday season is the most wonderful time of the year, but it's also the most expensive. Between gifts, food and travel, people can end up spending a lot of money this year. The Financial Times’ consumer editor Claer Barrett explains why people are feeling the pinch this season and what they can do about it. Mentioned in this podcast: Economists warn of flaws in US inflation report FT Financial Literacy and Inclusion Campaign Find Claer Barrett on TikTok and Instagram Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval and Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

BP chief executive Murray Auchincloss has said he will step down after less than two years in the role, India’s central bank governor expects the country’s interest rates to remain low for a ‘long period’, and UK inflation fell more than expected to an eight-month low of 3.2 per cent. Plus, global companies are seeking private equity partners in China to take on their local operations as they grapple with an increasingly competitive local market. Mentioned in this podcast: BP picks Woodside boss Meg O’Neill as new chief executive India’s central bank governor signals rates to stay low for ‘long period’ UK inflation falls more than expected to 3.2% in November Global brands seek private equity partners to save their China businesses Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Investors are snapping up Venezuela’s defaulted debt, JPMorgan Chase has withdrawn almost $350bn in cash from its account at the Federal Reserve since 2023, and the US unemployment rate rose to its highest level in more than four years. Plus, global asset managers’ cash holdings have fallen to a record low in a sign of investors’ bullishness about the AI-fuelled stock market rally. Mentioned in this podcast: Investors pile into Venezuelan debt in regime change bet JPMorgan pulls $350bn from Federal Reserve to buy up Treasuries Bullish investors pile into stocks as cash levels sink to record low US unemployment rate hits four-year high of 4.6% Fifa offers cheaper World Cup tickets in response to outcry Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shell’s merger chief departed after a bid to acquire rival BP was quashed internally, and the EU’s top trade official warns the bloc would lose global credibility if it fails to approve its trade deal with the Mercosur group of South American countries. Plus, Brussels plans to scrap the EU’s 2035 combustion engine ban, and hedge funds and trading firms are piling into physical commodities markets in search of new sources of returns. Mentioned in this podcast: Shell mergers chief departed after CEO blocked bid for BP EU will lose face if it rejects Mercosur deal, warns trade commissioner Brussels plans to scrap 2035 combustion engine ban Hedge funds pile into commodities in search of fresh source of returns Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and produced by Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A terror attack on a Jewish event in Sydney kills more than a dozen people. Plus, investors are increasingly concerned about how much debt is funding the AI boom, world leaders meet to discuss a peace plan for Ukraine, and it’s a big week for US economic data. And: The FT’s ‘Behind the Money’ podcast looks into whistleblowing in the UK. Mentioned in this podcast: Gunmen who killed 15 in Sydney attack on Jewish festival were father and son Investors seek protection from risk of AI debt bust Ukraine offers to drop Nato membership demands Behind the Money podcast Investors will have to wait until new year for clear data on US economy Bank of England set to cut rates to 3.75% as economic data eases inflation concerns Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Persis Love and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Cryptocurrency entrepreneur Do Kwon is sentenced to 15 years in prison on two counts of fraud, and the Walt Disney Company will allow OpenAI to use its characters in its flagship products. Plus, football fans are outraged over ticket prices for next year’s World Cup. And, you’ll meet the hardliner who wants to make Chile great again. Mentioned in this podcast: Crypto founder Do Kwon sentenced to 15 years in prison Disney to invest $1bn in OpenAI Football fans condemn ‘betrayal’ over ‘extortionate’ World Cup ticket prices The hardliner who wants to make Chile great again Friedrich Merz offers to host Ukraine talks so deal not done ‘above Europe’s head’ Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Victoria Craig, and produced by Fiona Symon and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve cut interest rates by a quarter point, and Oracle shares fell on Wednesday after it reported disappointing revenues. Plus, there’s one conglomerate in Abu Dhabi dominating the economy and its ownership is in the hands of the royal family. Mentioned in this podcast: Federal Reserve cuts rates to lowest level in three years in divisive decision Oracle shares slide as data centre spending mounts How Abu Dhabi’s economy came to be dominated by IHC Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Sonja Hutson, and produced by Fiona Symon and Victoria Craig. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU countries want to fast-track a decision to indefinitely immobilise up to €210bn in Russian sovereign assets, investors have increased bets that interest rates in major economies could diverge next year, and Berlin stands ready to throw its weight behind a German candidate to be the next president of the European Central Bank. Plus, Australia is now the first country in the world to restrict social media access for kids under the age of 16. Mentioned in this podcast: Trump gives Zelenskyy ‘days’ to respond to peace proposal EU races to bypass Viktor Orbán on Russia assets before summit Investors increase bets on ECB rate rise in threat to dollar Germany sees high hurdles to winning ECB presidency The countdown to the world’s first social media ban for children Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Paramount has launched a $108bn hostile bid to buy Warner Bros Discovery, US natural gas prices are soaring as the country ships record amounts of the fuel overseas, and US President Donald Trump says Nvidia will be allowed to send its H200 chips to China. Plus, retail investors are helping drive gold and US stocks towards “bubble” territory, the Bank for International Settlements has warned. Mentioned in this podcast: Paramount gatecrashes Warner Bros-Netflix deal with $108bn hostile bid Surging gas prices worsen affordability crisis for Americans Nvidia can sell H200 AI chips to China, Donald Trump says Retail investors help drive gold and US stocks to bubble territory, BIS warns Credit: CNBC Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Europe seeks to rally support for Ukraine as US pressure builds, and there’s likely to be plenty of debate ahead of the Federal Reserve’s final rate decision of the year. Plus, how Netflix’s blockbuster Warner Brothers Discovery buy could reshape entertainment. Mentioned in this podcast: European allies to rally support for Ukraine as US pressure mounts France shielding €18bn Russian asset pot from EU ‘reparations loan’ push Fed expected to cut rates despite deep divisions over US economic outlook Donald Trump drives historic shift of power from investors to boardrooms Hollywood fears job cuts as opposition to Netflix-Warner deal grows Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Big Four accounting firms maintained their iron grip on auditing the UK’s largest companies last year, the industry watchdog has found. Plus, Japan’s economic normalisation could impact global bond markets. Mentioned in this podcast: Big Four maintain stranglehold on biggest UK audits US senators seek to block Nvidia sales of advanced chips to China Japan’s economic normalisation will affect global liquidity Japanese 10-year bond yields rise to highest level since 2007 Register for the FT’s Global Boardroom digital conference Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Bond-market investors worry that the leading candidate for Fed chair is too close to US President Donald Trump, while HSBC finally picks its new chair. Plus, the EU has a last-minute plan to fund Ukraine’s economic revival. Mentioned in this podcast: Bond investors warned US Treasury over picking Kevin Hassett as Fed chair HSBC appoints Brendan Nelson as chair after chaotic search Brussels floats ‘emergency’ powers to raise €210bn from Russian assets Tell us whether your spending habits have changed this holiday season. Email Marc at marc.filippino@ft.com Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nigel Farage has told donors he expects to do an election deal with the Conservatives, and the race to narrow OpenAI’s dominance in the chatbot race. Plus, Eurozone inflation unexpectedly turns higher and China’s biopharma industry could be a threat to western dominance in the sector. Mentioned in this podcast: Farage tells donors he expects to do an election deal with the Tories Mistral unveils new models in race to gain edge in ‘open’ AI OpenAI’s Sam Altman declares ‘code red’ after rivals make advances Eurozone inflation unexpectedly rises to 2.2% in November Will the next blockbuster drug come from China? Donald Trump says he will nominate Federal Reserve chair in ‘early’ 2026 Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

UK pension funds are cutting back their exposure to US equities, and Swiss prosecutors have filed charges against Credit Suisse and its owner UBS over alleged organisational “deficiencies”. Plus, the chair of the UK's Office for Budget Responsibility has resigned, and the UK government will increase NHS spending on medicines to secure a carve-out from threatened US tariffs. Mentioned in this podcast: UK pension funds dump US equities on fears of AI bubble Swiss prosecutors file charges against Credit Suisse and UBS Head of UK fiscal watchdog quits after Budget leak NHS to increase medicines spending to avoid threatened Trump tariffs Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Sonja Hutson, and produced by Fiona Symon. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Artificial intelligence is threatening starting consultancy salaries, and the push to end Russia’s years-long invasion of Ukraine continues this week. Plus, Revolut did not tell UK regulators its CEO was listed as UAE resident. And, voice trading is making a comeback on one part of Wall Street. Mentioned in this podcast: Top consultancies freeze starting salaries as AI threatens ‘pyramid’ model Zelenskyy aides meet Trump team in Florida for talks on peace plan UK officials sought assurances from Revolut over CEO Storonsky’s surprise move Voice trading makes a comeback in $30tn Treasury market Who Killed Europe’s single market dream? Credit: Associated Press Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Nisa Patel and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As President Donald Trump approaches the one-year anniversary of his second term in office, the FT’s chief economics commentator Martin Wolf, and Nobel prize-winning economist Paul Krugman sit down to discuss the US economy and the state of American democracy. Are American consumers finally feeling the effect of Trump’s tariffs? Is AI to blame for the frozen labour market? Or is the spectre of a weakening democracy and plutocracy to blame for slumping consumer sentiment? In the first of four weekly episodes, Wolf and Krugman unpick the US and world economy, with Krugman explaining why he’s less pessimistic now than he was earlier this year. Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts. Read Martin’s column here. Subscribe to Paul’s Substack here. Find Paul’s cultural coda here. Find Martin’s cultural coda here. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Artificial intelligence has the potential to disrupt almost every industry we work in, from manufacturing to stock trading. Defence is no exception, and at a time of rising global conflict, the question of how different militaries are using AI is increasingly important. The FT’s Helen Warrell is joined by MIT Technology Review senior reporter James O’Donnell to debate the ethical, political and practical questions around AI warfare. Mentioned in this podcast: The State of AI: the new rules of war Read the whole State of AI series here Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was edited by Marc Filippino, and hosted by Helen Warrell. It was produced by Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

S&P Global Ratings calls into question Tether’s ability to maintain its US dollar peg, and UK chancellor Rachel Reeves takes the wraps off the highly anticipated Budget. Plus, India’s booming steel production might be helping the domestic economy, but it’s causing environmental damage and trade tensions Mentioned in this podcast: S&P downgrades Tether’s assets to lowest level UK Budget 2025: Reeves raises taxes by £26bn to all-time high The cost of India’s hunger for cheap steel Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Victoria Craig, Fiona Symon, and Lucy Baldwin. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Google’s parent company got close to a record $4tn market capitalisation, and more than $1tn has been wiped from the cryptocurrency market in the past six weeks. Plus, US consumers aren’t feeling too merry ahead of the holidays, and the UK prepares for its long-awaited Budget day. Mentioned in this podcast: US retail sales growth slows as affordability crunch weighs on households Crypto market sheds $1.2tn as traders shun speculative assets Nvidia shares tumble on signs Google gaining upper hand in AI The four audiences Reeves’ ‘high-wire’ Budget must satisfy Email Marc with your holiday stories and questions: marc.filippino@ft.com Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Traders are piling into bets that Wednesday’s UK Budget will push the pound lower against the dollar, and the pharmaceutical industry saw some promising — and not so promising — clinical trial results. Plus, US tech stocks leapt on Monday and Ireland’s military neutrality has created a weak spot in Europe’s defences. Mentioned in this podcast: Currency traders bet against sterling ahead of Budget Novo Nordisk shares slump after drug failure in Alzheimer’s trial Bayer soars on promising trial results for stroke prevention drug US tech stocks surge as Fed rate cut bets fuel rebound How Ireland became the weak spot in Europe’s defences Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US pressure on Ukraine and its allies to agree a peace deal with Russia ignites fresh concern in Europe, and the US has officially designated Venezuela’s “Cartel of the Suns” a terror group. Plus, Europe looks to increase investment rules to stand up to China, and a look at why insurance companies are thinking about excluding AI risks from their corporate policies. Mentioned in this podcast: Trump hits out at Ukraine and Europe as confusion over US position mounts What is Venezuela’s ‘Cartel of the Suns’? EU to tighten investment rules to stand up to China Insurers retreat from AI cover as risk of multibillion-dollar claims mounts Moderna is most shorted stock in S&P 500 as Americans skip jabs Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Sonja Hutson. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tech stocks have been on a rollercoaster since Nvidia reported earnings, the US added 119,000 jobs in September but unemployment reached its highest level in four years, and the US has formally handed Ukraine a sweeping peace plan drawn up with Moscow. Plus, we’ll go over all the drama that’s ensued in the run-up to the G20 conference in South Africa. Mentioned in this podcast: US tech stocks slide as jolt of volatility hits Wall Street The American exceptionalism trade is wobbling US adds 119,000 jobs in September but unemployment hits four-year peak US hands Ukraine new peace plan drawn up with Russia Trump’s total boycott of G20 casts shadow over its future To sign up for free to the new FT Alphaville newsletter on substack, go to ftav.substack.com Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia grew sales of its chips even faster than Wall Street anticipated in its latest quarter, and UK inflation fell to 3.6 per cent in October. Plus, Paramount is trying to buy Warner Brothers Discovery and China’s opaque economic data is coming under scrutiny. Mentioned in this podcast: Nvidia reports strong growth from bumper AI chip sales The president’s men: Ellisons’ Trump ties shape battle for Warner Bros UK inflation falls to 3.6% in October The growing problem with China’s unreliable numbers Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Marc Filippino and produced by Lucy Baldwin, Fiona Symon, Victoria Craig, Sonja Hutson Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta has won the antitrust case that threatened to break it apart, the EU plans to create a central body to co-ordinate the purchasing and stockpiling of critical minerals. Plus, US tech stocks sold off on Tuesday as worries mounted over high valuations for artificial intelligence companies, and activist hedge fund Elliott Management has built a large stake in Barrick Mining. Mentioned in this podcast: Meta wins US case that threatened split with WhatsApp and Instagram Brussels plans minerals stockpile centre to stop US snapping up supplies US tech stocks dip as traders fret over ‘frothy’ AI valuations Elliott builds stake in gold miner Barrick Today’s FT News Briefing was produced by Fiona Symon and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The cryptocurrency market is struggling as bitcoin has lost all its gains from this year, and HSBC leaders cannot agree on the bank's next chair of the board. Plus, the US House of Representatives votes on the release of the Jeffrey Epstein files today, and the Financial Times’ Alison Killing explains why an estimated multitrillion-dollar infrastructure project in Saudi Arabia may take decades to get done. Mentioned in this podcast: Crypto market sheds $1.1tn as traders shun speculative assets HSBC board at odds over candidates to succeed Mark Tucker as chair Donald Trump backs vote to release Jeffrey Epstein files End of The Line: how Saudi Arabia’s Neom dream unravelled Today’s FT News Briefing was produced by Victoria Craig, Fiona Symon, Persis Love, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Goldman Sachs is on track to notch its best performance in the global deals market in 24 years. Plus, what UK gilt markets are looking for after Friday’s selloff, and how Spain’s deficit is set to fall below Germany’s for the first time in two decades. And, the government shutdown has posed complications for US economic data collection. Mentioned in this podcast: Goldman Sachs on brink of best M&A performance in 24 years UK politics as it happened — Gilts sell off on tax plan U-turn US economic outlook obscured by shutdown-triggered data gap Spain’s deficit to fall below Germany’s for the first time in two decades UK to launch first lead poisoning screening study of children after FT investigation Toxic legacy: uncovering the threat of lead poisoning Today’s FT News Briefing was produced by Julia Webster, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Oracle’s enormous borrowing to fund a push into artificial intelligence computing has spooked investors, Sir Jim Ratcliffe’s heavily indebted empire, Ineos, is under increasing financial pressure, and we take a look at a glaring hole in US inflation data. Plus, the FT’s Sonja Hutson reports back from Bethlehem, Pennsylvania, as part of a new FT series. Mentioned in this podcast: Oracle hammered in tech sell-off over its huge AI bet Ineos debt sell-off accelerates amid fears over European chemicals sector ‘Big Short’ investor Michael Burry to close hedge fund as he warns on valuations The Bethlehem Project: An immigration raid divides a community Subscribe to the Swamp Notes podcast Today’s FT News Briefing was produced by Henry Larson, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US government shutdown nears an end as House approves funding deal, European carmakers and other industrial companies continue to face “devastating” chip shortages, and Scotland has been handed the same credit rating as the UK, in a boost to Edinburgh as it plans to launch an inaugural bond sale. Plus, an increasing number of wealthy Chinese people are trying to set up family offices and secure residency in the Gulf, rather than Singapore. Mentioned in this podcast: US government shutdown nears an end as House approves funding deal Europe’s carmakers face ‘devastating’ chip crisis as Nexperia supply crunch continues Scotland handed same credit rating as UK ahead of debut ‘kilts’ sale Wealthy Chinese sidestep Singapore for Dubai US mints last penny after Trump killed coin Credit: Myles McCormick Today’s FT News Briefing was produced by Lulu Smyth Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The International Energy Agency says global oil and gas demand will rise for the next 25 years if the world does not change course; Masayoshi Son’s SoftBank Group has sold its entire stake in Nvidia; and investors have been selling off the debt of US tech heavyweights. Plus, Italian Prime Minister Giorgia Meloni’s plan to reduce income taxes for the “middle-class” has sparked criticism that she is helping the rich. Mentioned in this podcast: Oil and gas demand to rise for 25 years without global change of course, says IEA Why Nvidia should be glad to see the back of SoftBank SoftBank sells Nvidia stake for $5.8bn as it prepares for AI investments Investor angst over Big Tech’s AI spending spills into bond market Giorgia Meloni’s ‘middle-class’ tax cut sparks political row in Italy Today’s FT News Briefing was produced by Victoria Craig, Lulu Smyth and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Saudi Aramco is shifting its focus to natural gas, Donald Trump has threatened to sue the BBC for at least $1bn over an edit of a speech he gave on January 6 2021, and a $23bn mine in Guinea opens today and it is seen as a huge win for China. Mentioned in this podcast: Saudi Aramco steps up gas push to meet surging electricity demand Donald Trump threatens to sue BBC for $1bn over January 6 speech edit How the world’s biggest mining project is a win for China Today’s FT News Briefing was produced by Lulu Smyth, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Senate takes the first step to ending the government shutdown, and COP30 climate talks kick off in Brazil. Plus, stricter regulation puts the squeeze on Switzerland’s prized finance sector. And, can Indian Prime Minister Narendra Modi’s push to counter US tariffs help Zoho truly rival Whatsapp? Mentioned in this podcast: US senators strike deal in first step to ending government shutdown The world is struggling to halt climate change. But can it adapt? Swiss finance shrinks as regulators tighten grip on prized sector India boosts homegrown WhatsApp rival in tech nationalism drive The 900-page book that China watchers count on Today’s FT News Briefing was produced by Nisha Patel, Sonja Hutson and Victoria Craig. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla investors have overwhelmingly backed Elon Musk’s $1tn pay deal, Hungary’s prime minister travels to Washington to make the case for a Russian oil sanctions exemption, and the Bank of England keeps rates on hold. Plus, why UK bond markets are keeping calm and carrying on despite turmoil ahead of Labour’s Budget announcement. Mentioned in this podcast: Tesla shareholders approve Elon Musk’s $1tn pay deal Bank of England keeps rates on hold at 4% in knife-edge decision Orbán to seek approval from Trump to continue importing Russian oil Bond markets are winning the Budget stand-off Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US Supreme Court justices appeared sceptical of Donald Trump’s use of emergency powers to impose tariffs, and Argentine President Javier Milei has rejected investor calls to allow the peso to float freely. Plus, contentious bankruptcy proceedings for First Brands begin today. Mentioned in this podcast: Investors could face a bonfire night surprise on Trump tariffs ‘A glorious mess’: First Brands creditors brace for Houston court clash Milei defies calls to float Argentine peso Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US voters issued a rebuke of President Donald Trump, US stocks dropped on Tuesday as jitters over highly elevated valuations for many artificial intelligence companies intensified, and some investors are worried there’s an AI bubble in Asian stocks as well. Plus, UniCredit’s ambition to become a European banking powerhouse has hit a series of roadblocks. Mentioned in this podcast: US election results live Listen to the Swamp Notes podcast US stocks slide as investors fret over high valuations for AI companies Asian markets’ reliance on AI boom raises ‘bubble’ fears What next for Andrea Orcel’s UniCredit? Today’s FT News Briefing was produced by Marc Filippino, Sonja Hutson, Lulu Smyth and Victoria Craig. Our show was mixed by Kent Militzer. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Palantir lifted its 2025 revenue guidance and Pfizer has filed a second lawsuit against Novo Nordisk and obesity drug start-up Metsera. Plus, OpenAI inked a $38bn computing deal with Amazon, and the FT’s Claire Jones explains how the Trump administration is considering pushing for wider global dollar adoption. Mentioned in this podcast: Palantir lifts 2025 sales outlook after posting strong quarterly growth Pfizer files second lawsuit to block Novo Nordisk’s $9bn Metsera bid OpenAI strikes $38bn computing deal with Amazon US pushes for wider global dollar adoption Today’s FT News Briefing was produced by Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US Supreme Court begins hearing arguments this week for President Trump’s tariff policy. Plus, voters will head to the polls for state races seen as a referendum on the first year of Trump’s second term, and private equity may be full of zombie firms in the next decade. Then, a look at how China is filling a gap in the solar-energy space. Mentioned in this podcast: Businesses press Supreme Court to strike down Trump’s emergency tariff power Trump and plastic bags: New Jersey is bellwether of US political mood Private capital zombie firms will pile up in next decade, says EQT chief The global boom in solar – with or without the US Today’s FT News Briefing was produced by Sonja Hutson, Marc Filippino, and Victoria Craig. Our show was mixed by Alex Higgins. Additional help Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Amazon and Apple delivered solid earnings reports, and the FT’s Gideon Rachman explores whether Donald Trump’s foreign policy wins in Asia will hold. Plus, the European Central Bank has left its benchmark interest rate unchanged and the FT’s Jennifer Hughes says India’s initial public offering boom is not too hot, not too cold – it’s just right. Mentioned in this podcast: Amazon revenues rise 13% on strength in cloud computing unit Apple predicts holiday boom in iPhone sales ‘Rely on America at your peril’: the vagaries of Trump’s foreign policy Eurozone economy expands 0.2% in third quarter ECB holds interest rates at 2% India’s IPO boom has a goldilocks feel Today’s FT News Briefing was produced by Lucy Baldwin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Meta and Microsoft had mixed earnings reports, the Federal Reserve cut interest rates and said it would halt quantitative tightening and South Korea has agreed to invest $350bn in the US in return for lower tariffs on car exports. Plus, John Malone is stepping down as chair of his media and telecoms empire, marking the end of an era in which the “cable cowboy” reshaped both industries. Mentioned in this podcast: Meta hit by huge AI spending Federal Reserve trims US interest rates by quarter point but casts doubt on December cut Federal Reserve nears end of QT amid signs of stress in money markets US and South Korea seal trade deal ‘Cable cowboy’ John Malone to step down from media and telecoms empire Today’s FT News Briefing was produced by Lucy Baldwin, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

OpenAI said it had completed a long-awaited restructuring, and Tesla’s chair has stepped up her campaign to win shareholder support for Elon Musk’s $1tn pay package. Plus, South Korea’s Kospi is the world's top-performing major stock index by far this year. Mentioned in this podcast: Microsoft valuation passes $4tn as OpenAI completes restructuring Tesla chair warns Musk could quit if shareholders reject $1tn pay deal What is driving the world’s best-performing stock market? Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US companies struck more than $80bn worth of deals, Argentina’s currency and government bonds surged after a landslide electoral victory for President Javier Milei’s party. Plus, JPMorgan Chase has invested $75mn in an Idaho-based mining company, and Apple’s services revenue is projected to climb to record highs. Mentioned in this podcast: US companies strike $80bn in mergers as Trump boosts dealmaking Argentine bonds and currency surge after victory for Javier Milei’s party JPMorgan backs gold miner in initial investment by ‘America First’ fund Apple hits $100bn services revenue milestone despite growing legal risks Today’s FT News Briefing was produced by Ethan Plotkin and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump is in Asia this week ahead of high-stakes trade talks with Chinese President Xi Jinping. Plus, the UK chancellor is pushing for her own trade deal in the Gulf, and the US Federal Reserve is heading into its next meeting without some important economic data. Mentioned in this podcast: ‘Positive framework’ agreed for Trump-Xi summit, says Scott Bessent UK chancellor to hold Gulf trade talks in push for pro-growth policies Markets brace as Argentines go to the polls Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Laura Hughes receives a tip that horses are dropping dead in Wales. As she investigates, she finds decades of academic studies researching the problem. She learns these aren’t isolated incidents. Something is spreading across the countryside. It’s undetectable to humans, nobody knows it’s there — until they fall ill. Subscribe to Untold: Toxic Legacy, for the rest of the series. For more information on how to live safely with lead, please visit the LEAPP Alliance website. Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump’s sanctions on Russian oil companies shook energy markets on Thursday, and the US president pardoned Binance co-founder Changpeng Zhao. Plus, President Javier Milei’s economic plan rests in the hands of this weekend’s midterms elections in Argentina. Mentioned in this podcast: Trump’s oil sanctions shake India and energy markets Donald Trump pardons Binance crypto founder Changpeng Zhao Milei’s make-or-break moment Save 40% on a standard annual digital subscription: ft.com/briefingsale Today’s FT News Briefing was produced by Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera, Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Tesla said its quarterly profit fell by more than a quarter, Sequoia Capital’s chief operating officer resigned over comments made by partner Shaun Maguire that she regarded as Islamophobic, and UK inflation unexpectedly held steady at 3.8 per cent in September. Plus, the Trump administration has been quietly suppressing climate change data. Mentioned in this podcast: Tesla profits drop more than a quarter despite record sales Sequoia COO quit over Shaun Maguire’s comments about Mamdani UK inflation unexpectedly holds steady at 3.8% in September The costs of Trump’s campaign to censor climate science Save 40% on a standard annual digital subscription: ft.com/briefingsale Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Netflix shares fell as a dispute with Brazilian tax authorities cut into its profits, Unilever said it has delayed the spin-off of its €15bn ice cream division because of the US government shutdown and gold had its worst day in more than a decade yesterday. Plus, critics are questioning whether South Africa’s Black empowerment policies are really paying off. Mentioned in this podcast: Netflix shares drop as Brazil tax dispute hits profits Unilever’s €15bn ice cream spin-off delayed by US government shutdown Gold tumbles 6% in biggest sell-off since 2013 South Africans question future of Black empowerment policies Save 40% on a standard annual digital subscription: ft.com/briefingsale Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michela Tindera and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

European governments have rallied behind Ukrainian President Volodymyr Zelenskyy and are rushing to secure a deal on the use of Russia’s frozen assets, a coalition deal in Japan paves the way for Sanae Takaichi to become the country’s first female prime minister, and Amazon Web Services experienced a major outage on Monday. Plus, Marc Rowan, chief executive of Apollo Global Management, has said Europe is “at war with itself” over financial regulation. Mentioned in this podcast: Europeans rush to Volodymyr Zelenskyy’s defence after tense Donald Trump meeting Apollo’s Marc Rowan says ‘at war with itself’ over finance regulation Amazon says cloud services recovering from widespread outage Japan coalition deal paves way for Sanae Takaichi to become first female PM Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Michela Tindera, Gavin Kallmann and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump urged his Ukrainian counterpart to accept Russia’s war terms during Friday’s volatile White House meeting, and five-year plans still have a place in Chinese politics despite massive changes to its economic system. Plus, global hedge funds are listing in Hong Kong again after an extended slowdown, and the battle for control of rare earth metals is turbocharging stock prices in this sector. Mentioned in this podcast: Trump urged Zelenskyy to accept Putin’s terms or be ‘destroyed’ by Russia China pushes high-tech in 5-year plan as US tensions rise Why China still loves its five-year plans Hedge funds return to Hong Kong listings Rare earths shares soar as US and China battle over export controls Save 40% on a standard annual digital subscription: ft.com/briefingsale Today’s FT News Briefing was produced by Ethan Plotkin, Jess Smith, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Shares in US regional banks fell on Thursday after two lenders disclosed that they were exposed to alleged fraud by borrowers, and the UK economy grew 0.1 per cent in August. Plus, Japan is having a hard time keeping up with demand for matcha. Mentioned in this podcast: US regional bank shares sink on credit worries after fraud disclosures UK economy grew 0.1% in August Japan buckles under matcha mania Today’s FT News Briefing was produced by Michela Tindera, Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Big investors are cutting back their exposure to riskier corporate debt, the IMF doled out some advice to the US and the UK, and China’s economy remained mired in deflation last month. Plus, Turkey’s business community is being rattled by an anti-corruption drive that has swept up hundreds of companies. Mentioned in this podcast: Big investors scale back risky bond exposure after storming rally IMF warns US must tackle its yawning deficit IMF urges UK to stick with two official economic forecasts every year China’s consumer prices fall as deflationary pressures persist Crackdown or capital grab? Turkey state fund controls 1,000 businesses Email Marc your questions about US politics: Marc.filippino@ft.com Today’s FT News Briefing was produced by Lucy Baldwin, Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The leaders of Goldman Sachs, JPMorgan Chase and Citi warned that investor exuberance risked driving financial markets into bubble territory, and US investors are hunting for private data as the federal government shutdown is blocking the release of crucial reports. Plus, silver hit a record on Tuesday, and investors are facing a growing concern that European defence start-ups are oversaturating the market. Mentioned in this podcast: Banks caution over bubble as they report bumper profits US government shutdown leaves traders ‘flying blind’ on jobs data Silver price hits record amid scramble in London market Investors confront top of European defence start-up ‘hype cycle’ Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US stock markets rebounded on Monday, and the Netherlands has taken control of a Chinese-owned semiconductor company. Plus, US President Donald Trump visited Jerusalem on Monday to celebrate the release of Israel’s hostages, and Europe’s lagging IPO market is starting to pick back up. Mentioned in this podcast: US stocks rebound after Donald Trump takes softer tone on China Dutch government takes control of Chinese-owned chipmaker Nexperia Trump arrives in Egypt after hailing ‘historic dawn of a new Middle East’ European IPO markets show signs of revival Economics Nobel Prize awarded for explaining innovation-driven growth Today’s FT News Briefing was produced by Ethan Plotkin and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

US President Donald Trump has threatened new “large scale” export controls on China, and Wall Street’s investment banks just wrapped up a record-breaking quarter. Plus, dozens of European lawmakers are earning income from side hustles connected to their legislative responsibilities, and OpenAI’s ownership structure is making it harder for the company to raise money. Mentioned in this podcast: China blames Trump and US for escalating trade war Wall Street investment banking revenues poised to top $9bn Scores of MEPs hold side jobs in sectors where they steer EU laws Who owns OpenAI? blockbuster deals complicate investor payouts Check out ‘Toxic Legacy’ from the FT’s Untold podcast Today’s FT News Briefing was produced by Ethan Plotkin, Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The Israeli government approved the US-brokered deal for a ceasefire and hostage release in Gaza, the US Treasury has intervened in Argentina’s currency market, and Danish offshore wind developer Ørsted plans to cut about a quarter of its workforce. Plus, the FT’s Katie Martin explains why the good vibes in the markets are really just investors running on fumes. Mentioned in this podcast: Israeli government approves Gaza ceasefire deal and hostage release Ørsted to cut quarter of workforce after US setbacks US Treasury intervenes in Argentina’s currency market Brace for a market melt-up Today’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Our show was mixed by Kent Militzer. Additional help from Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump has said Israel and Hamas have agreed the first step in his plan for a Gaza ceasefire, and Washington wants its companies exempt from EU climate rules. Plus, Chinese customs agents are going after a wide range of US semiconductor tech, and central bankers around the world are facing criticism for a widely used monetary tool. Mentioned in this podcast: Donald Trump says Israel and Hamas have agreed first phase of Gaza peace plan US demands EU dismantle green regulations in threat to trade deal China launches customs crackdown on Nvidia AI chips The populist shadow hanging over central banks and QE The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here! Today’s FT News Briefing was produced by Ethan Plotkin, Fiona Symon, Lucy Baldwin, and Marc Filippino. Our show was mixed by Alex Higgins. Additional help from Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A UBS fund has 30 per cent of its portfolio tied to the failed First Brands Group, and carmakers across much of the world are scaling back on electric vehicle plans. Plus, international investors are returning to China’s start-up scene, in addition to assets across emerging markets. Mentioned in this podcast: UBS fund holds 30% exposure linked to First Brands Why carmakers are falling back in love with petrol Global investors stage cautious return to Chinese start-ups Emerging markets roar back with biggest stock rally in 15 years The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. Vote for us here! Today’s FT News Briefing was produced by Fiona Symon, Ethan Plotkin, and Marc Filippino. Additional help from Kelly Garry and Michael Lello. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

EU governments have agreed to limit the travel of Russian diplomats, analysts are worried about a flurry of circular AI deals, and France lost another prime minister after less than a month in office. Plus, why the weaker dollar is helping big US exporters, while domestic-focused companies lose out. Mentioned in this podcast: EU to curb Russian diplomats’ travel as suspected spy attacks mount OpenAI targets 10% AMD stake via multibillion-dollar chip deal France in fresh political and market turmoil after prime minister resigns Multinationals race ahead as dollar slump divides US stock market Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Lulu Smyth. Additional help from Alexander Higgins, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel and Hamas head into crunch-time negotiations in Cairo, and Japan’s prospective new prime minister will have work to do to bring her party back together. Plus, Europe is facing a flood of cheap Chinese textile imports, and investors are piling into an unproven technology to power the US artificial intelligence boom. Mentioned in this podcast: Israel and Hamas prepare for crunch ceasefire talks Japan gears up for ‘Takaichi trade’ as first female leader prepares for power China reroutes clothes exports to Europe after US tariffs upset trade US and investors gambling on unproven nuclear technology, warn experts Billionaire beef baron warns US not producing enough to satisfy protein craze Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins and Peter Barber. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Description: The US will provide Ukraine with new intelligence, the American company behind Fico homebuyer credit scores is shaking up the mortgage industry, and Tesla’s global deliveries hit a new record in the third quarter. Plus, Saudi Arabia’s Prince Mohammed bin Salman has sidelined hardliners and sought to remake Islam in a country long seen as exporting radicalism. Mentioned in this podcast: US to provide intel to guide Ukrainian long-range missile attacks on Russia Credit bureaus snubbed in ‘Fico’ plan to sell mortgage scores direct to users Tesla sales hit record as US buyers rush to beat end of tax credits How Mohammed bin Salman curbed Saudi Arabia’s clerics Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.