FT News Briefing Spotify has its leadership on shuffle mode đ
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Oct 1, 2025 The US government has shut down due to a failure in Congress to reach a spending agreement. Meanwhile, Sir Keir Starmer is rallying his Labour party to confront Nigel Farageâs Reform UK. In an unexpected move, Donald Trump is launching a direct-to-consumer drug sales program. Spotify is undergoing a significant leadership change with the appointment of co-CEOs, as founder Daniel Ek shifts focus to an executive chair role. These developments are stirring discussions on politics and the future of major companies.
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US Government Shutdown And Data Delays
- The US government entered a shutdown after lawmakers failed to agree on funding by the October 1 deadline.
- Non-essential federal functions will pause and data releases like the September jobs report may be delayed.
Starmer's Values-First Unifying Speech
- Keir Starmer used his Labour conference speech to try to unify the party after a difficult first year in office.
- He focused on values and critiques of the past rather than laying out a full alternative economic model.
Why Starmer Sidestepped Policy Details
- Labour avoided detailed policy commitments because a politically difficult budget with large tax rises is coming.
- Starmer's speech deliberately held back specifics to avoid pre-committing before the budget.