FT News Briefing

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.

Exciting developments emerge as the White House announces a staggering $600 billion worth of defense and AI deals with Saudi Arabia. UnitedHealth faces turmoil with the surprise resignation of its CEO, sending shares plummeting to a four-year low. Meanwhile, US inflation drops to 2.3%, sparking discussions on economic trends. In the automotive sector, Nissan plans to cut 15% of its workforce and reduce its factories, tackling fierce competition and declining sales. These transformations mark significant changes across multiple industries.

Global stocks are on the rise thanks to a temporary tariff reduction between the US and China. This diplomatic move is expected to ease trade tensions and benefit American businesses. Meanwhile, the EU is gearing up to impose capital controls and tariffs on Russia, intensifying economic pressure. In the tech world, OpenAI and Microsoft are renegotiating their billion-dollar partnership, facing challenges related to funding and competitiveness. These discussions could reshape the landscape of AI and corporate strategies.

US-China trade talks are making headlines, leading to a surge in German stocks. As optimism grows, investors are increasingly looking towards European markets. Disney's surprising financial success is also in focus, particularly as it plans its first theme park in the Middle East. The competition with Netflix intensifies as Disney seeks to boost its streaming services amidst industry challenges. This dynamic landscape hints at shifting investor preferences and the evolving global market.

Join Andrew Jack, the FT's Global Education Editor, and Myles McCormick, Acting Washington Correspondent, as they dissect Trump's ongoing battle against elite universities. Harvard's dramatic funding loss for rejecting federal demands takes the spotlight, along with Columbia's struggle despite compliance. They explore the potential repercussions for more institutions, the Republican Party’s broader campaign against higher education, and the financial implications of these conflicts on student access and innovation.