FT News Briefing Saudi Arabia’s push to liberalise
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Oct 3, 2025 The podcast dives into Saudi Arabia's push for liberalization under Prince Mohammed bin Salman, highlighting his sidelining of hardliners and a crackdown on clerics. It discusses sweeping social reforms, such as lifting driving bans and boosting entertainment options. The conversation also touches on Tesla's record global deliveries fueled by a tax credit rush, and the FICO credit scoring shakeup aiming to bypass traditional bureaus. Additionally, the implications of US intelligence support for Ukraine's military strategies are explored.
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US Steps Up Intelligence Support
- The US will provide new intelligence to Ukraine to guide long-range strikes against Russian energy infrastructure.
- Officials call this a seismic shift in attitude within President Trump's inner circle despite limits on US funding.
FICO Bypasses Bureaus To Cut Costs
- FICO plans to sell scores directly to tri-merger resellers, bypassing credit bureaus to lower industry costs.
- The move could reduce access costs by ~50% and appease regulators worried about FICO's market power.
Markets React To FICO Change
- Investors rewarded FICO's announcement while Equifax, TransUnion, and Experian saw share declines.
- The key question is whether any cost savings will reach homebuyers or just enrich intermediaries.