FT News Briefing

In this discussion, Amanda Chu, former US energy reporter for the FT, sheds light on GE Vernova's ambitious journey post-spin-off from General Electric. She examines the principles of de-conglomeration and how they apply to GE Vernova's strategy in the energy sector. The conversation covers the revitalization efforts within the company, including improvements in morale and financial performance. Additionally, Amanda reflects on the economic impact of GE's departure on Schenectady, and the skepticism surrounding GE Vernova's long-term viability amid evolving market demands.

Katie Martin, a markets columnist and co-host of the Unhedged podcast, teams up with Chris Giles, author of the Central Banks newsletter, to discuss Trump's upcoming 100 days in office. They explore how markets are reacting post-'liberation day' and the potential fallout from the nearing end of the 90-day tariff pause. The duo dives into the impact of inflation on voter sentiment and Trump's political strategy as the midterms approach. They even lighten the mood by sharing personal escapes like gardening and football, adding a touch of nostalgia.

The podcast highlights the U.S. House's narrow passage of Trump's budget bill, raising concerns about its financial viability and long-term effects on national debt. Notably, BYD surpasses Tesla in electric vehicle sales in Europe, marking a significant shift in the market. Nvidia is discussed for its strategic moves amidst global trade tensions, particularly regarding its investments in Taiwan. Additionally, the U.S. is phasing out the penny, illustrating evolving economic policies affecting everyday currency management.

Telegram's impressive $540 million profit amidst legal challenges is a surprising highlight. Meanwhile, Japan faces record-high bond yields as it shifts away from loose monetary policy. The UK grapples with a 15-month inflation peak, driven by utility bills. A major discussion centers on the far-right AfD party in Germany—can it be banned, or has it grown too powerful? This issue raises alarms about rising extremism across Europe and the challenges faced by politicians in maintaining stability amid public sentiment.

Investors are shifting away from U.S. equities, contributing to a record surge in CATL's shares by 16% after its IPO in Hong Kong. The EU plans to impose a new tax on low-cost imports, which could impact major online retailers. Meanwhile, increasing international pressure is mounting on Israel regarding its military operations in Gaza, raising concerns about humanitarian aid. The complex geopolitical landscape is affecting global markets and investor sentiment amid rising tensions.

Tensions escalate as the U.S. considers stepping back from its role in mediating the Ukraine conflict. Meanwhile, long-term borrowing costs soar due to a Moody's downgrade, raising concerns about the Treasury market. In corporate news, Regeneron purchases 23andMe out of bankruptcy. Additionally, a significant reset in UK-EU relations emerges from a recent summit, highlighting issues of trade and defense amidst lingering Brexit challenges.

The UK is hosting its first post-Brexit summit with the EU, aiming to reset relations. Meanwhile, the US plans to significantly cut banking regulations, raising concerns about stability in the banking sector. Diplomatic efforts are underway to sway US President Trump before he speaks with Putin. China's electrification is gaining momentum, with electric vehicles set to dominate the market, driven by national security interests. The podcast also delves into China's pivotal role in clean technology amid rising global trade tensions.

Join James Politi, the Financial Times' Washington bureau chief, and Rana Foroohar, a global business columnist and co-writer of Swamp Notes, as they dive into Trump's surprising leftward shift. They discuss his endorsement of tax increases for the wealthy and dramatic cuts to drug prices, mirroring Bernie Sanders’ platform. The conversation explores the potential impact on upcoming elections, the authenticity of populism, and how Generation Z's emerging wealth could reshape political dynamics. A fascinating look at the evolving landscape!

Discussing Japan's strategy for a better trade deal with the U.S., the conversation shifts to Bill Ackman's ambitious plans to rival Berkshire Hathaway, examining his investment strategies and past hurdles. The political landscape in Poland is another focal point, as upcoming elections could shift the tide for liberalism in Europe, with key issues like abortion rights coming to the forefront. The show offers insights into how these events could shape domestic and international politics.

CoreWeave's astonishing 420% revenue rise raises eyebrows in the tech community. The recent unexpected rally in US assets leaves investors scrambling. Nvidia's move to establish a research center in Shanghai highlights ongoing trade tensions. In a significant turn, the Kurdish militant group PKK has announced its disbandment, hinting at potential peace in Turkey. The complexities surrounding this peace deal reflect deeper political dynamics and implications for regional stability, making it a pivotal moment in the ongoing conflict.