FT News Briefing

In this discussion, Michael R. Jackson, the visionary playwright behind the Tony-winning musical 'A Strange Loop,' dives into the complexities of identity and societal pressures faced by queer, black artists. He shares insight on his protagonist Usher's emotional journey of self-discovery and the critiques surrounding representation in theater. Meanwhile, journalist Imogen West-Knights reveals the troubling underbelly of Copenhagen's fine dining scene, exposing issues of exploitation and abuse that contradict the city's culinary reputation.

Ukraine has officially been recognized as a candidate for EU membership, a significant move amidst its ongoing conflict with Russia. Meanwhile, Russian businessmen are increasingly turning to Iran for strategies to navigate US sanctions. The podcast also dives into turmoil within the porn industry, with MindGeek losing top executives amidst financial issues. Additionally, regulatory challenges are piling up for Juul, as federal authorities prohibit the sale of its e-cigarettes due to rising concerns about youth vaping.

US stocks hold steady as recession fears linger with insights from Fed Chair Jerome Powell. Tensions rise with a drone strike on a Russian oil refinery amid the ongoing Ukraine conflict. The discussion shifts to Africa, where nearly half the population lacks reliable electricity. It highlights the staggering need for $25 billion annually to achieve universal access by the decade's end, exploring the potential of renewable energy and natural gas to transform the continent's energy landscape.

The S&P 500's surprising 2.4% rise sparks debate among analysts, highlighting ongoing market volatility. Tensions surface as Russia threatens Lithuania over EU sanctions, showcasing the geopolitical stakes involved. The podcast dives into the pressing issue of rising food prices linked to the Ukrainian conflict, questioning the ethics of using crops for biofuels. Additionally, Kellogg announces plans to split into three companies, reflecting strategic shifts amid economic challenges that could reshape the food industry.

China is outpacing the U.S. in IPO fundraising, showcasing a remarkable economic resilience. Meanwhile, Jeff Bezos's superyacht debate raises questions about billionaire influence on city infrastructure, especially with the iconic Koningshaven Bridge in Rotterdam at stake. In New Zealand, rising interest rates are cooling an overheated housing market, prompting discussions on affordability and economic pressures. These topics highlight the intersection of wealth, urban integrity, and housing dynamics in today's world.

This discussion dives into a significant shift as passively managed index funds now own more of the US stock market than actively managed funds. It also highlights Brazil's efforts to combat misinformation ahead of its elections. In an engaging interview, the CEO of Epic Games shares his vision for the metaverse, emphasizing innovation through Fortnite and the Unreal Engine. He passionately makes the case for an open metaverse while challenging the monopolistic behavior of tech giants like Apple and Google.

Join art market columnist Melanie Gerlis and Christie's auction head Alex Rotter as they dive deep into the record-breaking sale of Andy Warhol's 'Shot Sage Blue Marilyn' for a staggering $195 million. They discuss the electrifying auction atmosphere and Christie's strategic marketing. The duo unpacks the shifting dynamics of the art market, including the impact of outside investors and the rising speculation around young artists. They also explore how provenance and cultural significance drive art valuations, shedding light on the future of high-value sales.

Markets are on edge as major central banks, including those in the UK and Switzerland, raise interest rates to combat inflation, causing significant stock declines. In Europe, a severe energy crisis unfolds as Russia slashes gas supplies to Germany, prompting urgent calls for energy conservation. Meanwhile, COVID hospitalizations are rising due to new variants, putting pressure on already strained healthcare systems. This mix of economic and health challenges leaves many wondering what lies ahead for the continent.

The Federal Reserve has made its largest interest rate hike since 1994, aiming to tackle soaring inflation while maintaining job growth. Meanwhile, the ECB is preparing to implement a new plan to address rising borrowing costs amid economic instability. Billionaire investor Ray Dalio discusses the intricate ties between market dynamics and national fortunes. Additionally, the conversation touches on the impact of political extremism on democracy and highlights the crucial need for equitable education funding to combat wealth inequality.

The World Trade Organization is at a crossroads, grappling with credibility amid significant global trade challenges. A soaring U.S. dollar is costing American companies billions, raising concerns about international sales. Meanwhile, Ukraine is urgently seeking military support to bolster its defenses in eastern Donbass during meetings with Western allies. On a different note, Apple is making headlines with its $2.5 billion deal for Major League Soccer streaming rights, marking a major step into the live sports arena.