FT News Briefing CoreWeave’s takeover deal hits a speedbump
29 snips
Aug 7, 2025 European companies are struggling to keep up with U.S. rivals as CoreWeave's $9 billion deal to acquire Core Scientific runs into major shareholder pushback. The podcast also discusses a controversial Boston Consulting Group proposal to relocate Gazans to Somalia and revealing a covert visit by Iranian nuclear scientists to Russia. Additionally, it explores the potential impacts of U.S. tariffs on European markets and the broader implications of these developments in the geopolitical landscape.
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Europe Trails US Earnings Growth
- European companies are lagging behind U.S. firms in earnings growth, despite starting the year strong.
- U.S. tech giants and Wall Street banks drive a projected 9% growth, contrasting with flat growth in Europe.
CoreWeave Acquisition Concerns
- CoreWeave aims to cut $10 billion in lease costs by acquiring Core Scientific to rein in debt and expenses.
- Core Scientific shareholders fear the volatility of CoreWeave’s stock, potentially risking the value of their shares post-merger.
BCG's Controversial Gaza Relocation Plan
- Boston Consulting Group considered relocating Palestinians from Gaza to countries including Somalia, UAE, Egypt, and Jordan.
- The project sparked controversy, leading to BCG firing involved partners for misleading superiors.