Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) President Donald Trump said the US would be willing to contribute assistance to Ukraine as part of a security agreement to end the war with Russia, but continued to express frustration with the pace of talks.
(2) The seizure of an enormous oil supertanker off the coast of Venezuela on Wednesday is just the beginning of a new phase in the Trump administration’s ramped-up pressure campaign against Nicolas Maduro, according to people familiar with the operation.
(3) The premium Britain pays to finance its debts has narrowed thanks to Chancellor of the Exchequer Rachel Reeves shoring up the public finances in her budget last month, and a helping hand from her central bank.
(4) Broadcom, a chip company vying with Nvidia for AI computing revenue, suffered a stock slide after its sales outlook for the red-hot market failed to meet investors’ lofty expectations.
(5) China Vanke, the last big survivor of the country’s yearslong property crunch, sent investors an innocuous-looking announcement about a $3.1 billion loan agreement with a state-owned shareholder. But the Nov. 2 statement contained a twist: Shenzhen Metro Group, which had given unwavering support to the developer for nearly two years, now set a cap on any further financing.
Podcast Conversation: Bob Iger Just Got the Better of Sam Altman: Dave Lee
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