FT News Briefing

Elon Musk’s juggling act

Nov 2, 2022

08:51

Snipd AI

Elon Musk, CEO of Tesla and SpaceX, is discussed in this episode. The podcast covers topics such as the Federal Reserve's decision to raise interest rates, Pfizer's strategy of increasing vaccine prices, and the challenges Elon Musk may face in running Twitter effectively. Other topics include balancing free speech and content moderation on social media, as well as Coca-Cola's controversial sponsorship and non-recycled plastic use.

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Quick takeaways

The Federal Reserve is expected to raise interest rates to cool inflation, despite the resilience of the US economy.

Pfizer has raised its 2022 sales forecast by $2 billion by increasing the price of its COVID-19 vaccines.

Deep dives

US Economy Remains Strong Despite Interest Rate Hike Expectations

The Federal Reserve is expected to raise interest rates by 75 basis points for the fourth consecutive time, in an attempt to cool inflation. However, the US economy has shown resilience, with the gross domestic product increasing by over 2.5 percent last quarter and demand for workers rebounding in September. The Department of Labor's report highlights positive trends in the US economy, although it remains to be seen if higher interest rates will have a significant impact on inflation when the consumer price index report for October is released next week.

Introduction

2min

Pfizer's Strategy and Pricing of COVID Vaccine

2min

Elon Musk's Twitter Takeover and Challenges Ahead

2min

Balancing Free Speech, Content Moderation, and Financial Challenges on Twitter

2min

Coca-Cola's Controversial Sponsorship and Increased Non-Recycled Plastic Use

2min

The Federal Reserve is set to raise interest rates by 0.75 points for the fourth time in a row, and Pfizer raised its sales forecast for its Covid-19 vaccine by $2bn to $34bn on Tuesday. Plus, FT journalists examine whether Elon Musk will be able to run Twitter effectively in addition to several other companies.

Mentioned in this podcast:

Elon Musk has taken on two seriously difficult problems with Twitter

Twitter Space recording: What can we expect from Twitter under Elon Musk?

Pfizer lifts revenue outlook as Covid jab price rise boosts sales

Fed set to raise rates by 0.75 points for fourth time in a row

Demand for US workers rebounds despite Fed’s efforts to cool economy

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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