FT News Briefing Biden tells Netanyahu he supports a ceasefire in the Israel-Gaza conflict
May 18, 2021
President Biden has expressed support for a ceasefire in the ongoing Israel-Gaza conflict, signaling a shift in U.S. foreign policy. Meanwhile, Europe grapples with diverse responses to the crisis amid rising civilian casualties. In the biotech world, Oxford Cannabinoid Technologies is preparing to go public, tapping into the cannabis medicine market. Additionally, BlackRock faces criticism for its inconsistent ESG commitments, particularly regarding investments in palm oil, highlighting the complexities of responsible investing.
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Biden Supports Ceasefire
- President Biden expressed support for an Israel-Gaza ceasefire after initially avoiding that term.
- This shift signals increased, though limited, U.S. pressure on Israel.
EU Divided on Gaza Conflict
- The EU is divided on its approach to the conflict, with some members strongly supporting Israel's current government.
- This division makes it difficult for the EU to present a united front.
Cannabis IPO in London
- Oxford Cannabinoid Technologies will list on the London Stock Exchange, focusing on cannabis-based painkillers.
- The IPO follows UK regulators welcoming medical marijuana companies to list.