FT News Briefing

Supreme Court questions emergency Trump tariffs

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 [https://on.ft.com/49mIO2f] ‘A glorious mess’: First Brands creditors brace for Houston court clash [https://on.ft.com/43PZaN1] Milei defies calls to float Argentine peso [https://on.ft.com/3WFApPS] 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 [https://www.ft.com/content/63836d7e-33c4-41fb-9af3-4fde38968546] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

AI bubble worries spread to Asia

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 [https://on.ft.com/4os8DT8] Listen to the Swamp Notes podcast [https://www.ft.com/swamp-notes-podcast] US stocks slide as investors fret over high valuations for AI companies [https://on.ft.com/4oNF3XL] Asian markets’ reliance on AI boom raises ‘bubble’ fears [https://on.ft.com/47nFwu5] What next for Andrea Orcel’s UniCredit? [https://on.ft.com/47p4CJ8] 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 [https://www.ft.com/content/e8478d46-41e0-473f-bb5d-1db30170f2b5] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Pfizer plays hardball in weight-loss drug fight

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 [https://on.ft.com/47AApWe] Pfizer files second lawsuit to block Novo Nordisk’s $9bn Metsera bid [https://on.ft.com/3XfQFXL] OpenAI strikes $38bn computing deal with Amazon [https://on.ft.com/3X6toYm] US pushes for wider global dollar adoption [https://on.ft.com/49AYTkF] 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 [https://www.ft.com/content/25e2d27a-2479-4d59-9f34-6696b379b382] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Trump’s economy on the ballot

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 [https://on.ft.com/4nzdLTY] Trump and plastic bags: New Jersey is bellwether of US political mood [https://on.ft.com/49humIP] Private capital zombie firms will pile up in next decade, says EQT chief [https://on.ft.com/4hF8Xex] The global boom in solar – with or without the US [https://on.ft.com/3LhPBjE] 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 [https://www.ft.com/content/c097ba81-e3b5-476a-8d9f-dca7379f867c] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.

Will Trump’s progress in Asia last?

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 [https://on.ft.com/4oQkDO5] Apple predicts holiday boom in iPhone sales [https://on.ft.com/48QF5cT] ‘Rely on America at your peril’: the vagaries of Trump’s foreign policy [https://on.ft.com/4on3LPc] Eurozone economy expands 0.2% in third quarter [https://on.ft.com/4ntgtKM] ECB holds interest rates at 2% [https://on.ft.com/4344A6K] India’s IPO boom has a goldilocks feel  [https://on.ft.com/48VlGro] 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 [https://www.ft.com/content/292145ad-5925-404a-951a-c906764d6034] ---------------------------------------- Hosted on Acast. See acast.com/privacy [https://acast.com/privacy] for more information.