FT News Briefing Wednesday, September 25
Sep 25, 2019
House Democrats are moving forward with impeachment proceedings against President Trump over a contentious Ukraine call. Meanwhile, WeWork faces a leadership shake-up with Adam Neumann's exit following a disastrous IPO. The UK Supreme Court has ruled Boris Johnson's parliamentary suspension unlawful, raising questions about the government's authority. Lastly, Labour leader Jeremy Corbyn is weighing the timing of a no-confidence vote in a bid to navigate the complex landscape of Brexit.
AI Snips
Chapters
Transcript
Episode notes
Impeachment Inquiry Launched
- House Democrats launched an impeachment inquiry against President Trump.
- This follows Trump's call with the Ukrainian president, where he seemingly pressured him to investigate Joe Biden's son.
Impeachment Process
- Impeachment is the first step in a process to remove a president, similar to an indictment.
- The House charges, the Senate convicts, needing a two-thirds vote; no president has ever been removed through impeachment.
Neumann Ousted from WeWork
- Adam Neumann is out as WeWork CEO, becoming non-executive chairman.
- SoftBank pressured WeWork to postpone its IPO amid weak investor interest and a potential valuation drop.