FT News Briefing

In this engaging discussion, Tom Burgess, an FT investigations correspondent known for his incisive reporting, dives into the controversy surrounding Eli Lilly's urgent request for Covid-19 antibody approval. He also unpacks the Vatican's dubious investment in derivatives, questioning the morality behind using charity funds. Most chillingly, he investigates the mysterious deaths of two potential witnesses linked to a high-stakes mining corruption case, shedding light on the dark underbelly of corporate misconduct and the risks faced by whistleblowers.

Donald Trump halted negotiations on a new fiscal stimulus package, leaving the economic outlook uncertain. Economists warn that hidden unemployment figures may be far worse than reported, posing risks to recovery efforts. Meanwhile, Macy's is investing in Klarna, a leading Swedish fintech, to reinvent its retail strategy as online shopping evolves. The rising trend of buy now, pay later services is shifting consumer behaviors, pushing traditional retailers to adapt or face challenges.

The return of a former president to the White House after a COVID-19 battle raises questions about his health and campaign strategies. Meanwhile, the IMF urges wealthy nations to invest in infrastructure while navigating the risks of public debt. On the tech front, a fierce legal battle over trade secrets between South Korean companies could reshape the future of electric vehicles in the U.S. These events illustrate the intersection of health, politics, and technology in today’s world.

Health updates about Donald Trump reveal he might leave the hospital soon, raising questions about his presidential campaign. The podcast dives deep into the shifting landscape of financial services after Brexit, discussing London's competition with cities like Dublin and Paris. It also addresses the challenges faced by UK firms seeking access to EU markets, highlighting key regulatory dynamics and the importance of 'equivalence' in this new financial environment.

Donald Trump and Melania's Covid-19 diagnosis raises questions just weeks before the election, triggering market reactions. A 2.7% drop in US personal income reveals the struggles of Americans amidst stalled stimulus talks. Meanwhile, the EU is taking legal steps against the UK over Brexit disputes. The significance of Ohio comes to the forefront, as it may dictate the election outcome, with political shifts among working-class voters making it a key battleground.

Moderna's CEO reveals that a COVID-19 vaccine won't be ready before the US election, raising questions about public health timing. Meanwhile, Japan is tackling digital transformation as it modernizes its economy and telecom sector. On another front, the rising interest in gold among western investors is highlighted, driven by economic uncertainty and low bond yields, making it a sought-after asset. The podcast also delves into the changing dynamics of gold demand in traditional markets post-pandemic, especially in India and China.

The U.S. presidential debate went off the rails with heated clashes between Joe Biden and Donald Trump, impacting undecided voters. A major spotlight also shines on JPMorgan Chase, which faces a historic $920 million settlement for spoofing in market manipulation. Meanwhile, scrutiny deepens on EY for its delayed response to warnings about Wirecard's fraud, with a whistleblower alerting them as far back as 2016. These issues reveal significant upheaval in both politics and finance.

European stocks surge as investors rush into recovering sectors. Donald Trump faces serious claims of tax dodging and voter suppression just before a critical debate. The discussion dives into why traditional investment strategies, like the 60/40 portfolio, may need a major rethink in our evolving economy. Amid inflation worries, investors grapple with shifting market dynamics, especially in tech and private equity opportunities.

Argentina's dollar bonds are in trouble again, only weeks after a restructuring deal. Meanwhile, Swiss voters have turned down a nationalist plan to limit immigration, maintaining their ties with Brussels. The discussion also dives into Scotland's renewed quest for independence, fueled by Brexit dynamics and public dissatisfaction with the UK government. With support growing for independence, the upcoming Scottish Parliament elections could be pivotal for shaping future governance and referendum prospects.

Dimitri Sevastopoulos, FT’s DC bureau chief, dives into the high-stakes world of US politics. He unpacks the implications of Donald Trump's upcoming Supreme Court nominee and the potential impact on key issues like abortion and gun rights. The discussion also addresses Trump's troubling reluctance to commit to a peaceful transition of power, stirring concerns about election integrity. Lastly, the anticipation builds around the first presidential debate as contrasting styles between Trump and Biden are highlighted, setting the stage for a contentious showdown.