FT News Briefing Tuesday, September 24
Sep 24, 2019
Boris Johnson aims for a new deal with Iran, sparking crucial political discussions. Netflix's stock struggles raise questions about its market valuation amid fierce competition. The aftermath of Thomas Cook's collapse prompts a UK government inquiry into its leadership. In the automotive world, a settlement involving Carlos Ghosn sheds light on the industry's evolving landscape. Allegations of financial misconduct emerge, revealing tactics used to hide executive compensation within major companies.
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New Iran Deal
- UK Prime Minister Boris Johnson is pushing for a new Iran deal with US and European involvement.
- He blames Iran for attacks on Saudi oil facilities and calls Trump the only one capable of negotiating.
Netflix Stock Drop
- Netflix shares have dropped to a nine-month low due to increased competition and concerns about valuation.
- Analysts suggest its subscriber base needs to grow significantly to justify its current market value.
Thomas Cook Inquiry
- Thomas Cook's collapse stranded travelers, prompting a UK government-backed inquiry into management.
- The inquiry will focus on high executive pay after the company failed to secure a rescue package.