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FT News Briefing

Nike’s new game plan

Jul 9, 2024
11:55
Snipd AI
Sara Germano explains Nike's stock decline, Europe's struggles in the battery industry, and tensions at the NATO summit. Topics include challenges for NATO, electric vehicle manufacturers, and Nike's recovery strategies.
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Podcast summary created with Snipd AI

Quick takeaways

  • NATO leaders face domestic turmoil affecting unity and Ukraine support.
  • Europe's battery industry struggles from low EV sales and Chinese competition.

Deep dives

Challenges Facing World Leaders at the NATO Summit

As leaders gather for the 75th NATO summit in Washington, DC, they face significant domestic challenges back home. Countries like France, Germany, and Spain are dealing with political instability, affecting their focus on discussions about supporting Ukraine. Additionally, concerns about President Biden's reelection campaign and the US's commitment to NATO raise uncertainties about the alliance's future unity and ability to defend Europe.

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