FT News Briefing The Trump nominee uniting Democrats and Republicans
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Mar 10, 2025 A surprising unity emerges as a Trump nominee for the antitrust division gains support from both Democrats and Republicans, signaling a shift in U.S. regulatory dynamics. Meanwhile, Ghana faces a gold rush that threatens cocoa farming, causing economic strife and environmental damage as illegal mining encroaches on farmland. In other news, U.S. startups enjoy a fundraising boom, while Bridgestone and Michelin innovate with air-free tires to improve public transport solutions. Political shifts in Canada further highlight the changing landscape.
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Canada's New PM
- Mark Carney replaced Justin Trudeau as Canada's prime minister after winning the Liberal Party leadership vote.
- Carney might face an early election, potentially against Pierre Poilievre, focused on managing U.S.-Canada relations.
Unusual Alliance
- Donald Trump's antitrust nominee, Gail Slater, enjoys bipartisan support due to her tough stance on big business.
- This shared skepticism stems from different motivations: progressives seek market fairness, while some conservatives target perceived censorship.
AI-Fueled Funding
- US startups are experiencing a funding surge driven by venture capital excitement over AI.
- Unlike previous booms, funding is concentrated in established companies like Stripe and OpenAI, not untested ventures.