Challenges and Lawsuits in the Utility Sector due to Wildfires

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Explore the $8 billion lawsuit controversy surrounding Pacific Corp, a Berkshire Hathaway Energy subsidiary, due to wildfires in Oregon, Washington, and California, and Warren Buffett's potential shift from the utility business amidst increasing wildfire risks and climate change challenges.

China has pledged “computing vouchers” to subsidise its AI startups, Bayer is still struggling to move past its Roundup woes, and an Israeli senior minister visits the White House. Plus, Warren Buffett is sounding the alarm over wildfires and the utilities industry.

Mentioned in this podcast:

Buffett sounds wildfire alarm as utilities industry enters new era

Bayer slashes dividend by 95% as it steps up effort to cut debt

Bayer’s struggling Roundup court strategy

China offers AI computing ‘vouchers’ to its underpowered start-ups

Netanyahu allies lash out at Gantz over Washington trip

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Persis Love, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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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