FT News Briefing Monday, November 4
Nov 4, 2019
A whistleblower linked to the Trump impeachment inquiry agrees to answer House Republicans' questions. Saudi Aramco finally launches its long-anticipated IPO, while Deutsche Bank faces regulatory scrutiny. McDonald's makes headlines by terminating its CEO over policy violations. Meanwhile, tech giants like Facebook and Google are under investigation for their corporate power. The intricacies of antitrust issues, especially regarding Google's advertising practices, are explored, revealing a complex landscape for companies and consumers alike.
AI Snips
Chapters
Transcript
Episode notes
Whistleblower Agrees to Questions
- The whistleblower who initiated the impeachment inquiry against Donald Trump has agreed to answer questions from House Republicans in writing.
- This offer comes with the condition that the Republicans cannot seek identifying information about the whistleblower.
Saudi Aramco IPO Launch
- Saudi Aramco has finally launched its initial public offering (IPO) after years of delays.
- The IPO process has been challenged by the inability to reach the desired $2 trillion valuation.
Deutsche Bank CEO Under Pressure
- Regulators are urging Deutsche Bank CEO Christian Sewing to relinquish his additional role as head of the investment bank.
- They believe that holding both positions could conflict with the bank's restructuring plans.