FT News Briefing Wednesday, February 12
Feb 12, 2020
US Senator Bernie Sanders celebrates a win in the New Hampshire primary, signaling a significant moment in the Democratic race. Meanwhile, Lyft faces investor disappointment despite achieving record revenue. Concerns grow over regulatory crackdowns on electric scooters in Germany. The podcast also explores the rising interest in biotech investments aimed at combating COVID-19, highlighting the surge in telemedicine stocks as virtual healthcare becomes crucial in these uncertain times.
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Sanders Wins New Hampshire Primary
- Bernie Sanders won the New Hampshire Democratic primary with about 25% of the vote.
- Pete Buttigieg and Amy Klobuchar trailed closely, while Joe Biden finished fifth.
Buttigieg Seen as Strongest Against Trump
- CNN exit polls indicated that New Hampshire voters saw Pete Buttigieg as the strongest contender against Donald Trump.
- This perception could influence future primaries.
Lyft's Revenue Milestone Overshadowed by Losses
- Lyft exceeded $1 billion in quarterly revenue, beating Wall Street expectations.
- However, continued losses and a projected profitability date later than Uber's disappointed investors.