FT News Briefing Thursday, September 26
Sep 26, 2019
A bombshell memo reveals a phone call where President Trump urged Ukraine's leader to investigate Joe Biden, igniting political fireworks. Meanwhile, Boris Johnson faces a tumultuous general election pitting people against parliament. In the finance world, Peloton aims for an $8.2 billion valuation with its upcoming stock debut. Lastly, a significant resignation at the European Central Bank raises eyebrows amidst ongoing critiques of its monetary policy. Tensions are high on all fronts!
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Impeachment Inquiry Triggered
- Trump asked Zelensky to investigate Joe Biden during a summer phone call.
- This led to an impeachment inquiry after a whistleblower complaint.
UK Parliament Resumes
- The UK Supreme Court deemed Boris Johnson's prorogation of Parliament unlawful.
- Johnson criticized MPs, framing it as a "people versus parliament" issue.
Peloton's IPO
- Peloton, a fitness equipment company, is set for its NASDAQ debut with an $8.2 billion valuation.
- This comes despite other IPO disappointments like Uber and Lyft.