FT News Briefing US intelligence election warning, Apollo hit by Leon Black’s Epstein ties, report from Lagos
Oct 22, 2020
US intelligence officials raise alarms about Iranian and Russian efforts to sway American voters ahead of the election. Tesla celebrates its fifth consecutive quarterly profit, showcasing its financial resilience. Meanwhile, a major US pension fund halts new investments linked to Leon Black due to his controversial ties with Jeffrey Epstein. In Nigeria, tensions escalate as security forces violently suppress peaceful protests in Lagos, reflecting broader socioeconomic struggles amid rising discontent.
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Foreign Election Interference
- Iran and Russia are attempting to influence the U.S. election, according to U.S. National Intelligence Director John Ratcliffe.
- Iran sent intimidating emails and a video implying fraudulent ballots, but Russia has not taken similar actions.
Tesla's Continued Profitability
- Tesla reported its fifth consecutive quarterly profit, driven largely by regulatory credit sales and increased car deliveries.
- Sales of zero-emission credits generated substantial revenue, bolstering Tesla's financial performance.
Apollo and Epstein Fallout
- Leon Black's ties to Jeffrey Epstein are causing concern among investors in Apollo Global Management.
- One of the world's largest pension funds, PSERS, has halted new investments in Apollo.