The Bank of America's Board Identifies Three Strong Internal Candidates to Replace Gorman

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Bank of America's board has identified three internal candidates to be the next CEO. Morgan Stanley is now worth more than Goldman Sachs is. If you own or operate a business, partnering with Bank of America could be your smartest move.

Florida governor Ron DeSantis is expected to launch his campaign for US president this week, China has banned operators of key infrastructure from buying chips from US chipmaker Micron Technology, and Morgan Stanley is searching for a new CEO after James Gorman announced that he’s stepping down. Plus, the FT’s Sylvia Pfeifer explains how the war in Ukraine has put a spotlight on tech-led defence companies.

Mentioned in this podcast:

Ron DeSantis struggles for lift-off as campaign launch nears

China bans Micron’s products from key infrastructure over security risk

Morgan Stanley chief James Gorman to step down within a year

Ukraine war puts spotlight on tech-led defence companies

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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