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FT News Briefing

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Oct 23, 2020 • 11min

Final US presidential debate, FDA approves remdesivir, Intel data hit by pandemic

Donald Trump and his Democratic challenger, Joe Biden, clashed over issues from the pandemic to foreign policy in their final presidential election debate. Then, the FT’s Demetri Sevastopulo will explain why local races in Texas and around the US could dictate the political make-up of the country for years to come. Plus, Gilead has received the first US regulatory approval for a Covid-19 drug, and Intel reported a decline in data centre revenues and said its earnings fell by nearly a quarter from a year ago due to the pandemic.Donald Trump and Joe Biden clash over coronavirus in final debatehttps://www.ft.com/content/bef48683-9bde-4ac2-8906-797779593b22Gilead secures FDA approval for remdesivir https://www.ft.com/content/07a321de-109b-46aa-99bc-f884e0ed7703 Hosted on Acast. See acast.com/privacy for more information.
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Oct 22, 2020 • 11min

US intelligence election warning, Apollo hit by Leon Black’s Epstein ties, report from Lagos

The US director of national intelligence has warned that Iran and Russia are attempting to influence American voters before the November 3 US election, Tesla delivered a fifth straight quarterly profit in the three months to the end of September, and one of the biggest US public pension funds has frozen new investments with Apollo Global Management over concerns regarding Leon Black’s connections to Jeffrey Epstein. Plus, the FT’s West Africa bureau chief,Neil Munshi, reports on the violent crackdown by security forces on peaceful demonstrators in Lagos. US official warns of Iranian and Russian election interferenceft.com/content/82d92abf-2dd2-4fb6-8d0a-1f12f7aedcb4Tesla delivers its fifth straight quarterly profit https://www.ft.com/content/e782cac4-cbdf-4d39-986e-8b7b7971de1dApollo investor halts new commitments over Leon Black’s Epstein ties https://www.ft.com/content/7aa15cae-0baf-488b-8713-c4dc29bf193cViolent crackdown on Nigerian protests prompts outragehttps://www.ft.com/content/1e06b3c1-f453-4e7e-b71b-b0dba31faaa3 Hosted on Acast. See acast.com/privacy for more information.
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Oct 21, 2020 • 10min

Snap Inc rises on advertising, US Department of Justice takes on Google, big tech regulation

Snap posted record revenues and attracted the highest-ever number of advertisers to its platform in the third quarter, and the US Department of Justice has accused Google of suppressing competition in internet search. Plus, the FT’s west coast editor, Richard Waters, explains how the US and Europe are handling the regulation of big tech in very different ways. Netflix subscriber growth slows as lockdown boost fadeshttps://www.ft.com/content/de870037-4859-4660-87c8-b6bba656bd02Snap reaps the benefits of Facebook boycott falloutft.com/content/cb762955-10bb-4d1e-bfb3-87c4ecf9d915?US election: Facebook’s political balancing acthttps://www.ft.com/content/ebbf9be3-307b-4fdd-a582-069099e3096cNick Clegg: Europe should tear down digital walls not build new oneshttps://www.ft.com/content/98cf847c-96f9-4558-9a30-7d72ea4e79c2 Hosted on Acast. See acast.com/privacy for more information.
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Oct 20, 2020 • 10min

Stimulus uncertainty, Conoco-Concho deal, China’s semiconductor push

US stocks slid on Monday as a deadline on US stimulus talks looms and coronavirus cases continue to rise, and ConocoPhillips is betting on a post-pandemic oil recovery with its plans to buy Concho Resources for $9.7bn. Plus, the FT’s greater China correspondent, Kathrin Hille, explains why Chinese companies of all stripes are rushing into the country’s semiconductor industry. US stocks slide as stimulus deadline loomshttps://www.ft.com/content/6c0fd8ae-618e-42e9-8537-b6f6a4558ac2ConocoPhillips to buy rival Concho in $9.7bn dealhttps://www.ft.com/content/1da54146-244a-4e42-a90d-415298db3866Chinese groups go from fish to chips in new ‘Great Leap Forward’ https://www.ft.com/content/46edd2b2-1734-47da-8e77-21854ca5b212 Hosted on Acast. See acast.com/privacy for more information.
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Oct 19, 2020 • 11min

European double-dip recession concerns, Sunak dangles lockdown money, Brexit market

Economists worry rising coronavirus infections and fresh government restrictions will cut short the region’s recent recovery, and UK chancellor Rishi Sunak is preparing to release tens of millions of pounds to end a coronavirus restriction deadlock with leaders in Greater Manchester. Plus, investors are keeping a close eye on sterling as the Brexit transition period nears the end. The FT’s Katie Martin will take a look at Brexit’s impact on sterling and the markets. Europe’s economy is sliding towards a double-dip recessionhttps://www.ft.com/content/700355e2-362c-4f9f-a24e-ddc9f6ea9cb0Sunak ready to release ‘tens of millions’ to secure Manchester Covid deal https://www.ft.com/content/68e8e775-e69c-492c-bef2-a1c2863f5167 Hosted on Acast. See acast.com/privacy for more information.
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Oct 16, 2020 • 10min

Remdesivir and Covid-19 deaths, Johnson set to force no deal, suburbanites in US election

The World Health Organization has found the Covid-19 treatment remdesivir does little to prevent deaths and Boris Johnson could push Brexit talks into crisis on Friday. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why suburban women might be the key to victory when it comes to the US presidential election. Remdesivir has little effect on Covid-19 mortality, WHO study sayshttps://www.ft.com/content/ee9b611f-2b4b-4572-afe1-b0b804d17a94Summit ‘atmospherics not good’ as Brussels seen as dragging its feet on trade deal https://www.ft.com/content/252d3ea4-0ddf-498b-b993-59c13b0de004 Hosted on Acast. See acast.com/privacy for more information.
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Oct 15, 2020 • 9min

Investors unimpressed by US bank earnings, Paris and The Hague team up on EU tech, Amazon logistics

France and the Netherlands jointly issued a call for the bloc’s competition authorities to take pre-emptive measures against big tech companies, and investors have been unimpressed by recent US bank earnings despite lower loan loss provisions. Plus, the FT’s Dave Lee explains whether Amazon will be able to handle the logistical hurdles thrown its way this holiday season. Falling interest rates drag on Bank of America and Wells Fargo profitshttps://www.ft.com/content/8b8a4bec-6d28-462e-a18f-73b4856e1fc7Amazon braces for winter of demand with relentless expansionhttps://www.ft.com/content/9cd8038e-b38c-40d6-b2db-8f6e01cd166a?France and Netherlands join forces to back EU move against tech giantsft.com/content/4a9ed79e-c8c8-4b47-8055-1cd029541c32 Hosted on Acast. See acast.com/privacy for more information.
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Oct 14, 2020 • 9min

WTO Boeing-Airbus ruling, IMF’s warning, short-sellers target pandemic winners

The EU has been given the green light to hit almost $4bn of US goods with punitive tariffs in retaliation for illegal state aid to Boeing, and the IMF said the coronavirus crisis will wreak “lasting damage” on people’s living standards across the world. Plus, some hedge funds are betting that the best days for the stock market’s coronavirus winners are in the past.EU given green light to hit US with tariffs in Airbus-Boeing rulinghttps://www.ft.com/content/3198d2ef-c3bb-44b9-a1e0-b27d9c1483dePandemic will cause ‘lasting damage’ to living standards, IMF warnshttps://www.ft.com/content/8b286455-d9ed-42a9-b933-5a1d3f4f08b2Hedge fund short sellers target pandemic winners ft.com/content/0a14e904-5fac-41bd-a9b4-a8a588db15c5?Apple enters the 5G market with new line of iPhoneshttps://www.ft.com/content/eac7ed4b-5fb4-4f0e-944d-f5f61300bd12 Hosted on Acast. See acast.com/privacy for more information.
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Oct 13, 2020 • 10min

US equities taking election polling to heart, US banks kick off earnings season, UK lockdowns

US stocks built on last week’s rally with investors assessing US presidential election polls that show a strong lead for former vice-president Joe Biden, and unemployment looks set to hit the UK’s youth the hardest with the country’s economy facing a sharp slowdown. Plus, the FT’s US finance editor, Rob Armstrong, explains why US banks might suddenly be hoping for a Democratic wave and what their most recent earnings could look like. Wall Street rallies as angst over contested US election waneshttps://www.ft.com/content/1dcbbed2-6d9e-4898-98bf-00e98a19eb5bFive things to watch in US bank earnings seasonhttps://www.ft.com/content/2604ab01-c562-4601-a8d6-921825a9e4aeUK’s youth count the cost of the Covid pandemicft.com/content/1220ba66-de09-4507-8616-ef112cd2c109?Samuel Brittan, economics editor, 1933-2020https://www.ft.com/content/b763bf06-3fc2-4e95-9fe6-a17acf3d8f3b Hosted on Acast. See acast.com/privacy for more information.
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Oct 12, 2020 • 9min

EU targets Big Tech with ‘hit list’, EM countries call for ambitious debt relief, EU countries on Brexit progress

EU regulators are drawing up a “hit list” of up to 20 large internet companies that will be subject to new and far more stringent rules, and government ministers of poor and indebted nations plead for more ambitious debt relief programmes. Plus, FT’s Brexit editor David Bond speaks with Sam Fleming and Victor Mallet about how European countries are viewing the progress of Brexit talks. EU targets Big Tech with ‘hit list’ facing tougher rulesft.com/content/c8c5d5dc-cb99-4b1f-a8dd-5957b57a7783?Emerging economies plead for more ambitious debt relief programmesft.com/content/edb18d34-844b-43b5-a78a-fec73f1d0583? Hosted on Acast. See acast.com/privacy for more information.

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