FT News Briefing

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 restructuringTesla chair warns Musk could quit if shareholders reject $1tn pay dealWhat 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 dealmakingArgentine bonds and currency surge after victory for Javier Milei’s partyJPMorgan backs gold miner in initial investment by ‘America First’ fundApple hits $100bn services revenue milestone despite growing legal risksToday’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 BessentUK chancellor to hold Gulf trade talks in push for pro-growth policiesMarkets brace as Argentines go to the pollsToday’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 marketsDonald Trump pardons Binance crypto founder Changpeng ZhaoMilei’s make-or-break momentSave 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 salesSequoia COO quit over Shaun Maguire’s comments about MamdaniUK inflation unexpectedly holds steady at 3.8% in SeptemberThe costs of Trump’s campaign to censor climate scienceSave 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 profitsUnilever’s €15bn ice cream spin-off delayed by US government shutdownGold tumbles 6% in biggest sell-off since 2013South Africans question future of Black empowerment policiesSave 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 meetingApollo’s Marc Rowan says ‘at war with itself’ over finance regulationAmazon says cloud services recovering from widespread outageJapan coalition deal paves way for Sanae Takaichi to become first female PMToday’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 RussiaChina pushes high-tech in 5-year plan as US tensions riseWhy China still loves its five-year plansHedge funds return to Hong Kong listingsRare earths shares soar as US and China battle over export controlsSave 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 disclosuresUK economy grew 0.1% in AugustJapan buckles under matcha maniaToday’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 rallyIMF warns US must tackle its yawning deficitIMF urges UK to stick with two official economic forecasts every yearChina’s consumer prices fall as deflationary pressures persistCrackdown or capital grab? Turkey state fund controls 1,000 businessesEmail Marc your questions about US politics: [email protected]’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 profitsUS government shutdown leaves traders ‘flying blind’ on jobs dataSilver price hits record amid scramble in London marketInvestors 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 ChinaDutch government takes control of Chinese-owned chipmaker NexperiaTrump arrives in Egypt after hailing ‘historic dawn of a new Middle East’European IPO markets show signs of revivalEconomics Nobel Prize awarded for explaining innovation-driven growthToday’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 warWall Street investment banking revenues poised to top $9bn Scores of MEPs hold side jobs in sectors where they steer EU lawsWho owns OpenAI? blockbuster deals complicate investor payouts Check out ‘Toxic Legacy’ from the FT’s Untold podcastToday’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 releaseØrsted to cut quarter of workforce after US setbacksUS Treasury intervenes in Argentina’s currency marketBrace for a market melt-upToday’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 planUS demands EU dismantle green regulations in threat to trade dealChina launches customs crackdown on Nvidia AI chipsThe populist shadow hanging over central banks and QEThe 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 BrandsWhy carmakers are falling back in love with petrolGlobal investors stage cautious return to Chinese start-upsEmerging markets roar back with biggest stock rally in 15 yearsThe 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 mountOpenAI targets 10% AMD stake via multibillion-dollar chip dealFrance in fresh political and market turmoil after prime minister resignsMultinationals race ahead as dollar slump divides US stock marketToday’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 talksJapan gears up for ‘Takaichi trade’ as first female leader prepares for powerChina reroutes clothes exports to Europe after US tariffs upset tradeUS and investors gambling on unproven nuclear technology, warn expertsBillionaire beef baron warns US not producing enough to satisfy protein crazeToday’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 RussiaCredit bureaus snubbed in ‘Fico’ plan to sell mortgage scores direct to usersTesla sales hit record as US buyers rush to beat end of tax creditsHow Mohammed bin Salman curbed Saudi Arabia’s clericsToday’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.

Sales of Chinese electric-car maker BYD fell for the first time in 19 months in September, the US government shutdown is not likely to affect interest rates, and a fresh bout of jitters is shaking Argentina’s financial markets. Plus, a nascent solar revolution is taking hold in Africa’s largest oil-producing nation, Nigeria. Mentioned in this podcast:BYD monthly sales fall for first time since early 2024US government shutdown unlikely to prompt deeper Fed cutsArgentine assets hit by fresh selling amid worries over US bailoutSolar shines in the rush for power in Africa’s largest petrostateThe 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, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Gary, 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 government has shut down after Democrats and Republicans failed to agree on a spending deal before the October 1 deadline, and Sir Keir Starmer has tried to revive his floundering premiership by urging his Labour party to launch a “patriotic” fight against Nigel Farage’s Reform UK. Plus, US President Donald Trump is launching a direct-to-consumer drug sales programme, and Spotify is appointing co-CEOs to replace Daniel Ek. Mentioned in this podcast:Donald Trump announces direct-to-consumer ‘TrumpRx’ drug sales programmeWhat happens if the US government shuts down?Starmer urges Labour to launch ‘patriotic’ fight against ReformSpotify CEO Daniel Ek to step down as music streamer splits roleListen to Political Fix here: https://podfollow.com/975569919 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, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, 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.

Elon Musk’s business empire has been hit by a wave of senior departures over the past year, video games maker Electronic Arts is being taken private by a Saudi Arabia-backed consortium, and Downing Street has opened the door for Labour to break its election promises and raise taxes in the Budget. Plus, the euro’s biggest rally since 2017 has further to run, Wall Street banks are predicting. Mentioned in this podcast:Elon Musk hit by exodus of senior staff over burnout and politicsVideo games maker Electronic Arts strikes $55bn deal to go privateLabour refuses to rule out manifesto-breaking tax risesEuro’s rally has further to run, Wall Street banks predictThe 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, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kent Militzer, 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 Trump administration’s financial regulator is preparing to change five decades of corporate reporting practice, and the US government is once again on the brink of a shutdown. Plus, Denmark is closing its airspace to drones after a series of incursions, and drive-throughs are the latest craze sweeping the coffee world. Mentioned in this podcast:Let the market decide how often companies reportTrump to meet lawmakers with government shutdown days awayDenmark bans civil drones for a week after sightings over military basesThe rise of drive-through US coffee chains with a need for speedWhy Japan is sprucing up its shabby officesToday’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alexander 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.

The FT News Briefing has been nominated for Signal’s listener’s choice award for best Daily Podcast. And we need your help in order to win. Please vote for us by clicking the link. Also vote for our other FT podcasts who have been nominated for a Signal award, Behind the Money and Tech Tonic. We promise the whole process will take less than five minutes.Vote for the FT News Briefing Vote for Behind the Money Vote for Tech Tonic Hosted on Acast. See acast.com/privacy for more information.

Oracle, private equity group Silver Lake and Abu Dhabi’s MGX will control roughly 45 per cent of TikTok USA, Germany’s chancellor has called for Europe to use frozen Russian assets to create new loan to finance Ukraine’s war effort, and a landmark trial finds former French president Nicolas Sarkozy guilty of criminal conspiracy. Plus, can a US bailout save Argentina’s president from deepening political problems?Mentioned in this podcast:TikTok US to be valued at $14bn after Trump’s deal, White House saysEuropean officials fear Trump is preparing to blame them for Ukraine failureGermany’s Merz backs using frozen Russian assets for UkraineNicolas Sarkozy sentenced to 5 years in prison in Libya corruption trialCan a US bailout save Argentina’s Javier Milei?Until 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsaleToday’s FT News Briefing was produced by Persis Love, Victoria Craig, 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.

BNP Paribas has relaxed a policy that blocked it from financing “controversial weapons”, US debt investors have raised the alarm over lax lending standards in credit markets, and Italy is considering a freeze in its retirement age of 67. Plus, Singapore and Hong Kong want to become major players in the gold market. Mentioned in this podcast:BNP Paribas drops pledge not to finance ‘controversial weapons’US debt investors raise alarm over lending standardsItaly weighs freezing its retirement age at 67Singapore and Hong Kong shoot for place in gold firmamentUntil 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsaleToday’s FT News Briefing was produced by Fiona Symon, 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.

The boss of Eli Lilly has branded the UK “probably the worst country in Europe” for drug prices, US President Donald Trump hit out at the UN at a speech at the global body’s General Assembly, and the Federal Reserve has scope to cut interest rates another three times, the OECD has said. Plus, the biggest US-listed companies keep talking about artificial intelligence, but few appear to be able to describe how the technology is changing their businesses for the better. Mentioned in this podcast:Eli Lilly boss brands UK ‘worst country in Europe’ for cheap drug pricesCan the UN save itself from irrelevance?Federal Reserve has room for three more rate cuts as US growth slows, says OECDUK set for highest inflation in G7, says OECDAmerica’s top companies keep talking about AI — but can’t explain the upsidesUntil 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsaleCREDIT: PBS and the White HouseRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Nvidia said it planned to invest up to $100bn in OpenAI to support a massive build-out of artificial intelligence data centres, Oracle’s Safra Catz is stepping down as chief executive and the US is considering a “large and forceful” intervention to support Argentina through a bout of severe market volatility. Plus, shares in Indian IT companies fell after US President Donald Trump sharply raised the application fee for H-1B visas. Mentioned in this podcast:Nvidia to invest up to $100bn in OpenAIOracle splits CEO role as Safra Catz steps downTikTok algorithm to be overseen by Oracle in Trump dealUS offers financial lifeline to Argentina’s Javier MileiIndian IT shares fall over fears from Trump’s $100,000 H-1B visa feeUntil 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsaleToday’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins 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 may have to pay billions in new fees to hire foreign workers, and US tech groups are losing a political battle in Brussels to gain access to the EU’s financial data market. Plus, the UK joined Canada and Australia in recognising a Palestinian state on Sunday, and a Chinese retail giant is facing some growing pains on its European expansion plans. Mentioned in this podcast:Trump’s H-1B visa fee to hit US employers with $14bn annual billEU to block Big Tech from new financial data sharing systemUK, Canada and Australia recognise Palestine as an independent stateWill Benjamin Netanyahu annex the West Bank?China’s rival to Amazon battles to go global after failed UK bidsUntil 29th October, you can save 40% on a standard annual digital subscription at ft.com/briefingsaleToday’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alexander 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.

 Deutsche Bank chief executive Christian Sewing is set to be named as a defendant in legal proceedings, UK Prime Minister Sir Keir Starmer and US President Donald Trump did their best to present a united front, and the Bank of England kept interest rates steady. Plus, Nvidia has agreed to invest $5bn in its struggling rival Intel. Mentioned in this podcast:Deutsche Bank chief Christian Sewing set to face multimillion-pound lawsuitTrump and Starmer at Chequers as it happened: leaders present united front after lavish state visitBoE holds interest rates at 4% and slows ‘quantitative tightening’Nvidia to invest $5bn in rival IntelCREDIT: CBS NewsToday’s FT News Briefing was produced by Josh Gabert-Doyon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kent Militzer, Michael Lello, David da Silva 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.

The Federal Reserve has cut interest rates for the first time this year and China is banning its tech companies from buying AI chips made by Nvidia. Plus, how did the Swiss National Bank become one of the world’s top investors in US tech? Mentioned in this podcast:Federal Reserve cuts rates by quarter point and signals more to comeChina bans tech companies from buying Nvidia’s AI chips Switzerland’s US tech ‘whale’ Protesters against Trump state visit march through London Credit: ReutersToday’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva 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.

 The UK and US are set to announce deeper co-operation on digital assets such as cryptocurrencies, a UN commission concluded that Israel has committed genocide against Palestinians in Gaza, and Mario Draghi has warned that the EU’s economic competitiveness is on the retreat due to “inaction” by Brussels. Plus, Donald Trump’s administration is shifting the balance of power from shareholders to company bosses.Mentioned in this podcast:UK set to announce closer co-operation with US on cryptocurrenciesIsrael launches ground invasion of Gaza CityEU economy falls behind global rivals due to ‘complacency’, warns Mario DraghiDonald Trump tilts balance of power from investors to CEOsToday’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, 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.

Lisa Cook can remain a Federal Reserve governor for now, the US and China seem to be making progress in their trade talks, and the US and UK promised to boost financial ties ahead of a state visit by President Donald Trump. Plus, Gen Z is toppling governments across Asia.Mentioned in this podcast:Lisa Cook can stay at Fed ahead of rates decision, appeals court rulesUK and US pledge to boost financial ties ahead of Trump state visitDonald Trump signals US and China have struck TikTok dealThe Gen Z revolution spreading in AsiaToday’s FT News Briefing was produced by Fiona Symon and Sonja Hutson. Additional help from Blake Maples, Michael Lello, David da Silva 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.

Borrowing costs for the French government are outpacing some French corporations, and the threats to Turkey’s leading opposition party may be part of a wider push to change the country’s democracy. Plus, Chinese export controls on Germanium are forcing defence firms to seek new suppliers, and the failure of a little-known US car lender may spell trouble for the wider banking sector. Mentioned in this podcast:French companies’ borrowing costs fall below government’s as debt fears intensifyIs this the end of Atatürk’s party?China’s curbs on defence metal germanium create ‘desperate’ supply squeezeCar lender’s failure hints at what’s under the hood in private creditUS justice department probes fraud allegations at subprime car lender TricolorToday’s FT News Briefing was produced by Ethan Plotkin, Sonja Hutson, and Victoria Craig. Additional help from Alexander 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.

Brazil’s supreme court has voted to convict former president Jair Bolsonaro for plotting a coup d’état, conservative activist Charlie Kirk’s killing led to calls on the right for retribution, and US inflation data confirm the Fed’s dual-mandate conundrum. Plus, shares in bitcoin-hoarding companies have tumbled in recent weeks as investors grow increasingly concerned about an overcrowded market.Mentioned in this podcast:Brazil’s supreme court finds former leader Jair Bolsonaro guilty of plotting coupCharlie Kirk’s shooting leads to calls for retributionCharlie Kirk’s killing and the ‘despicable violence’ of US politicsUS inflation rises to 2.9% in AugustShares in bitcoin hoarders sink as ‘crypto treasury’ mania soursToday’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Victoria Craig. Additional help from Kent Militzer 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.

Conservative political activist Charlie Kirk was shot dead, military analysts are worried about Nato’s response to a Russian drone attack, and US drugmaker Merck has scrapped a £1bn London research centre. Plus, investors have raised a record amount this year off “Bowie bonds”. Mentioned in this podcast:Donald Trump ally Charlie Kirk shot dead in UtahWhat is Vladimir Putin’s game plan against Nato’s eastern flank?Merck slams UK as it scraps £1bn London drug research centre‘Bowie bonds’ go mainstream as Wall Street chases returnsEmail Swamp Notes with your questionsToday’s FT News Briefing was produced by Fiona Symon, Katya Kumkova and Sonja Hutson. 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.

US annual jobs numbers get a revision, and Israel is intensifying its fight against Hamas. Plus, there’s a brand new copper mining conglomerate, and South Korean companies have been cutting corners to bring workers to the US. Mentioned in this podcast:US hiring growth revised down by 911,000 jobs in year to March Israel launches attack on Hamas in Qatar Anglo American and Tech Resources to create $50bn mining giantKorean companies admit cutting corners on US visas but say they have little choiceMacron appoints ally Sébastien Lecornu as France’s prime ministerToday’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, and Sonja Hutson. Additional help from Kelly Garry, David da Silva 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.

Rupert Murdoch has resolved the bitter dispute over his sprawling media empire, France is once again without a prime minister, and US bank PNC has agreed to buy smaller peer FirstBank. Plus, North Cyprus is betting big on casinos to boost its economy.Mentioned in this podcast:Murdoch seals $3.3bn succession deal to hand empire to eldest sonMacron scouts for new prime minister to quell turmoilPNC to buy Colorado’s FirstBank for $4.1bnNorth Cyprus casino plans stoke fears of slide towards ‘dark’ economyToday’s FT News Briefing was produced by Katya Kumkova and Sonja Hutson. Additional help from Blake Maples, Michael Lello, David da Silva 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.

The French government is on the brink of another collapse, and Japan’s prime minister quits after just a year in office. Plus, China may open its domestic bond market to Russian companies for the first time since 2022, and US economic data is complicating the Federal Reserve’s upcoming decision on interest rates.Mentioned in this podcast:French PM François Bayrou on the brink in crucial confidence voteJapan’s prime minister quits to make way for new leaderChina paves way for renminbi fundraising by Russian energy giants US adds just 22,000 jobs in August as labour market sputtersClick here to access virtual sessions from the FT Weekend Festival Today’s FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Peter Barber and Alex Higgins. 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’s nominee to join the Federal Reserve has vowed to uphold central bank independence, bond traders are banking on revenue from Trump’s tariffs to bolster US public finances, and Nasdaq is trying to combat a number of suspected “pump and dump” scams. Plus, the “Amazon of Africa”, Jumia, is still trying to prove that it can be a profitable business after six years on the public market. Mentioned in this podcast:Stephen Miran vows to uphold Fed independence but says Donald Trump ‘entitled’ to a view on monetary policyBond investors count on Trump tariff revenues to rein in US debtNasdaq to tighten rules on small-cap stocks after suspected ‘pump and dump’ scams Is there a future for the ‘Amazon of Africa’?Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today’s FT News Briefing was produced by Victoria Craig, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Alex Higgins, Michael Lello, David da Silva 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.

Lloyds Banking Group will put thousands of its staff at risk of dismissal, and Indonesians are angered over the widening inequality in their country. Plus, MEPs in the European parliament are unhappy with the EU-US trade deal, and the FT’s John Foley explains what artificial intelligence has to do with the outcome of Google’s antitrust case. Mentioned in this podcast:Thousands of Lloyds staff face axe in performance overhaul European parliamentarians attack EU-US trade deal and demand changesGoogle shares jump after judge refrains from ordering break-upIndonesian rage over MPs ‘opulent lifestyle’ reflects deep economic discontentGoogle dodges a bulletToday’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Victoria Craig, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva 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.

A sell-off in government bonds spilled into the equity market as stocks fell on Tuesday, and Eurozone inflation ticked up to 2.1 per cent in August. Plus, European banks are intensifying their calls for regulators to remove obstacles to cross-border banking services in the EU. Mentioned in this podcast:European banks push for lower cross-border hurdlesUS stocks fall as bond sell-off spills into equitiesEurozone inflation rises to 2.1% in AugustPound falls as UK long-term borrowing costs hit highest level since 1998Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.Today’s FT News Briefing was produced by Fiona Symon, Victoria Craig Katya Kumkova and Marc Filippino. Additional help from Kelly Garry, 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.

Israeli banks pressed to give back war profits to customers, Russia denies GPS jamming of an European commission jet, and Chinese manufacturer Xiaomi takes on Tesla and Apple. Plus the trial of a former Brazilian president is coming to a close.Mentioned in this podcast:Ursula von der Leyen’s plane hit by suspected Russian GPS interference Israeli banks plan giveaways after anger over wartime profitsThe Chinese gadget maker taking on Tesla and AppleToday’s FT News Briefing was produced by Josh Gabert Doyon, Marc Filippino, Persis Love, Fiona Symon and Manuela Saragosa. Additional help by David da Silva. Sound engineering by Jean-Marc Eck. 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 China and India met on Sunday amid trade tensions with the US, and Guyanese voters head to the polls today to chart a future for the world’s newest petrostate. Plus, the UK secures its largest ever warship deal with Norway, and AstraZeneca’s China division has recovered from a major scandal by pledging billions in new investment. Mentioned in this podcast:Xi and Modi say they are ‘partners not rivals’ in bid to repair tiesWorld’s newest petrostate heads for ‘mother of all elections’UK secures largest ever warship deal from NorwayAstraZeneca bounces back from scandal in ChinaToday’s FT News Briefing was produced by Ethan Plotkin, Persis Love, and Marc Filippino. Additional help from Jean-Marc Eck 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.

Some World Trade Organization members are preparing to unveil a new grouping to boost “trade openness”, and the FT’s Katie Martin unpacks the lack of market moves after Nvidia’s outlook. Plus, a four-month “ninja stealth rally” has driven Tokyo’s equity market to record highs. Mentioned in this podcast:Singapore, UAE and other small nations to launch trade partnershipNvidia growth outlook hit by China uncertaintyJapan’s ‘ninja stealth rally’ draws in global investorsListen to the Swamp Notes podcast on the World Trade OrganizationToday’s FT News Briefing was produced by Josh Gabert-Doyon, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva 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.

Nvidia’s earnings report signalled solid growth, cryptocurrencies are taking a hold of Venezuela’s economy, and more than half of the UK’s biggest listed companies chose external candidates as their new chief executive. Plus, SoftBank’s Masayoshi Son has become an unofficial diplomat between Washington and Tokyo. Mentioned in this podcast:Nvidia revenue jumps 56% on robust AI demandHow SoftBank’s Masayoshi Son became Donald Trump’s favoured foreign investorCrypto goes mainstream in VenezuelaLondon’s rush for external CEO candidates shows succession planning weaknessToday’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Blake Maples 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.

Investors are worried that Donald Trump’s attempted firing of a Federal Reserve governor could undermine faith in the world’s most important central bank, and FT sources say the US has said it is prepared to provide intelligence assets to any western security plan for postwar Ukraine. Plus, French assets were hit on Tuesday as investors reacted to the prospect of a government collapse as soon as next month.Mentioned in this podcast:US long-term debt sells off after Trump’s attempted firing of Fed governorUS offers air and intelligence support to postwar force in UkraineFrench assets hit by prospect of government collapseToday’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Kelly Garry, 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 said he was firing Federal Reserve governor Lisa Cook, shares in Ørsted plunged after the Trump administration halted one of the Danish wind farm developer’s almost-completed projects, and Elon Musk’s xAI has sued Apple and OpenAI alleging they broke antitrust rules. Plus, Germany’s government is encouraging young people to invest in the stock market rather than rely on the country’s flailing pension programme. Mentioned in this podcast:Trump says he is firing Fed governor Lisa Cook ‘effective immediately’Musk’s xAI sues Apple and OpenAI over ChatGPT and iPhone integrationGermany’s pensions crisis: can €10 a month change how people invest?Ørsted shares plunge to record low after US government halts projectToday’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Blake Maples 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.

Jay Powell signalled a monetary policy shift during a high-profile Jackson Hole speech last week, and European investors are pouring money into new air defence technology. Plus, Spanish bank Santander is seeking to become a big player in Wall Street’s Spac market. Mentioned in this podcast:Jay Powell paves the way for Federal Reserve interest rate cut in SeptemberWall Street’s September Fed rate cut bets still hinge on economic dataVenture capital steps up ‘Iron Dome’ air defence investmentsSantander signals Wall St ambition with Spac mandatesToday’s FT News Briefing was produced by Josh Gabert-Doyon, Ethan Plotkin, and Sonja Hutson. Additional help from Alex Higgins, 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.