FT News Briefing Tuesday, February 11
Feb 11, 2020
T-Mobile's acquisition of Sprint is on the verge of approval, signaling major shifts in the telecom landscape. Meanwhile, President Trump's budget cuts threaten key social programs while maintaining tax breaks. Political instability looms in Germany after a key leader's resignation, raising questions about the future of the CDU. The fallout from the 2017 Equifax breach continues, linking it to broader concerns over Chinese cyber espionage and strained U.S.-China relations. Recent indictments highlight the tension between countries over security and espionage.
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T-Mobile and Sprint Merger
- A federal judge is poised to approve T-Mobile's takeover of Sprint.
- This decision caused Sprint shares to surge nearly 70 percent.
Trump's Budget Proposal
- President Trump's budget proposal includes cuts to social safety nets while preserving the 2017 tax cuts.
- It also increases spending on infrastructure, parental leave, and nuclear weapons.
German Political Landscape
- Annegret Kramp-Karrenbauer will not run for German chancellor, creating uncertainty about Germany's political future.
- This leaves the race open for a new leader, with an election due by September 2021.