FT News Briefing

Global stocks stay optimistic on central banks, Royalty Pharma IPO, US police reform

Jun 17, 2020
In this episode, Alex Vitale, a sociology professor at Brooklyn College and author of 'The End of Policing,' dives into the urgent conversation around police reform and defunding initiatives, inspired by recent protests. He discusses practical implications of these movements and contrasts policing methods in the U.S. and Europe, particularly in handling mental health crises. The discussion also touches on the optimistic market trends driven by potential federal economic support and highlights the notable Royalty Pharma IPO.
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INSIGHT

Market Optimism Amidst Uncertainty

  • Global stocks rose despite some negative news, including a violent standoff between China and India.
  • Investors are balancing positive economic data with concerns about rising coronavirus cases.
ANECDOTE

Royalty Pharma's Successful IPO

  • Royalty Pharma, after 25 years as a private company, had the biggest IPO in the U.S. this year.
  • Its shares surged nearly 60% on the first day of trading, raising $2.2 billion.
INSIGHT

Police Reform Debate

  • President Trump signed an executive order on police reform, focusing on training and de-escalation.
  • House Speaker Nancy Pelosi criticized the order for lacking accountability measures.
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