FT News Briefing Tuesday, April 23
Apr 23, 2019
The podcast dives into political upheaval as Democrats subpoena former White House counsel Don McGahn. Elon Musk announces ambitious plans for Tesla to roll out driverless taxis by 2020. Barclays is set to cut bonuses for its investment bankers, stirring up buzz. Meanwhile, Theresa May resumes crucial Brexit talks amid rising tensions. The discussion also highlights the U.S. decision to end sanctions waivers on Iranian oil, assessing its impact on the global market and regional stability.
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McGahn Subpoenaed
- Democrats subpoenaed former White House counsel Don McGahn.
- They want him to testify about his efforts to stop Trump from firing Robert Mueller.
Tesla Robo-Taxis
- Elon Musk announced Tesla's plan to launch a driverless robo-taxi service by 2020.
- He believes this will make Tesla profitable, with Tesla taking 25% of fares.
Barclays Bonus Cuts
- Barclays plans to cut investment bankers' bonuses to improve returns.
- Activist investor Edward Bramson is pushing for Barclays to scale back its investment bank.