Ben and Jerry's Loses a Bitter Legal Battle With Unilever

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Hedge funds that earlier this year were very short the market started to cover their bets. They then had to follow this new trend of market rallying, so they kept covering their short bets and buying in. The FT's Madison Derby Shire looks at how one college student made $110 million betting on a meme stock.

Ben & Jerry’s lost a legal dispute with its parent company over sales in Israel and investors are sceptical about this summer’s equities rally. Plus, the FT’s Madison Darbyshire talks about how a 20-year-old American college student made $110mn betting on a meme stock.

Mentioned in this podcast:

How a 20-year-old student made $110mn riding the meme stock wave

Investors fret over durability of summer rally in US markets

Ben & Jerry’s loses attempt to block ice cream sales in West Bank

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by 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

Hosted on Acast. See acast.com/privacy for more information.