FT News Briefing Tuesday, February 4
Feb 4, 2020
Emergency oil production cuts are on the horizon as the coronavirus wreaks havoc on the economy. Alphabet's revenue growth has unexpectedly slowed, raising questions about tech giants' market influence. Meanwhile, tensions mount as Iowa caucus results are stalled due to 'quality control' issues. Germany is drafting new legislation to counteract anti-competitive practices from major tech companies like Google and Amazon, reflecting rising global concerns about their power.
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Iowa Caucus Results Delayed
- The Iowa Democratic Party caucus results were delayed due to inconsistencies in precinct reporting.
- Lauren Fedor reported live from the Pete Buttigieg campaign headquarters amidst a jubilant atmosphere.
Buttigieg Campaign Mood
- Despite the delay, the Pete Buttigieg campaign maintained a positive atmosphere.
- Supporters remained enthusiastic while awaiting the results.
Trump Wins Republican Caucus
- President Trump won the Republican Iowa caucus, despite two challengers.
- He declared it a major victory on Twitter.