FT News Briefing Deals resurgence, aid to Beirut, internal pushback at Nike
Aug 10, 2020
The podcast dives into the recent boom in M&A activity, highlighting major deals that have reshaped the corporate landscape. It also discusses the urgent €250m aid package for Beirut following a devastating explosion, showcasing international solidarity amid local unrest. Additionally, Nike faces internal challenges as employees demand accountability regarding the company's inclusivity efforts before promoting social ideals, raising questions about the authenticity of its brand messaging in today's climate.
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M&A Resurgence
- Dealmaking is back with the fastest start to a second half since 2007, driven by share price recovery.
- Eight deals over $10 billion were signed in just six weeks after a pandemic-induced slowdown.
Beirut Protests
- Protests in Beirut turned violent over government mismanagement after a deadly explosion.
- Chloe Cornish witnessed intense anger and excessive tear gas use while reporting.
Nike's Internal Struggle
- Nike's progressive image clashes with internal concerns about racial equality.
- Black employees urged public acknowledgment of internal issues before promoting social justice.