FT News Briefing

The Trump administration investigates France's proposed tax on big tech, stirring political tensions. Meanwhile, Federal Reserve Chairman Jay Powell hints at possible interest rate cuts, signaling shifts in economic strategy. As Wall Street reacts, Amazon Music climbs the ranks as the fastest-growing streaming service, showcasing a competitive music market. The discussion navigates the balance between economic growth and risks like asset bubbles.

Tune in as tensions rise with Mexico's finance minister resigning, shaking investor confidence and pressuring the peso. Levi Strauss struggles with slipping shares after costly IPOs dampen earnings. Meanwhile, Boris Johnson artfully dodges Brexit queries during a tense leadership debate. The looming threat in the leveraged loan market is explored, detailing risks and investor challenges related to insufficient documentation. Insights into the interaction between private equity and debt reveal crucial implications for upcoming financial movements.

Chinese venture capital is seeing a sharp decline in U.S. biotech investment due to heightened scrutiny by Washington. BASF has slashed its forecasts, anticipating a significant drop in profits, while Deutsche Bank is undergoing major layoffs affecting thousands. Additionally, the podcast delves into the troubling legal saga surrounding Jeffrey Epstein and highlights how societal attitudes toward allegations of abuse have shifted dramatically in recent years.

Iran plans to breach uranium enrichment limits from the 2015 nuclear deal, raising tensions. Greece's center-right party makes a remarkable comeback after elections. Investors are bracing for a possible global recession, adding to market worries. Additionally, Deutsche Bank announces a major overhaul, including 18,000 job cuts and a focus on managing non-performing assets. The restructuring reflects pressures from low profitability and declining stock values, all amid broader geopolitical concerns.

Tensions rise as British Marines and Gibraltar police seize a tanker believed to carry Iranian oil destined for Syria. The Women's World Cup approaches its finale, raising questions about whether the US team will accept an invitation to the White House amid discussions on gender pay equity. Rumors swirl about potential successors to Christine Lagarde at the IMF, while NASA faces pressure to return astronauts to the moon by 2024, a goal fraught with financial and political challenges.

US stocks hit record highs as a bond rally sparks optimism for looser monetary policies. Huawei's founder warns of upcoming challenges in the Internet of Things sector amid escalating tensions with the US. Meanwhile, Boeing commits $100 million to support families affected by the 737 MAX crashes. The podcast also sheds light on Christine Lagarde's upcoming leadership role at the European Central Bank, exploring her unique challenges as she steps into this critical position.

European leaders support Christine Lagarde and Ursula von der Leyen in key roles for the EU. Tesla sets impressive new production records. The Trump administration drops its controversial census citizenship question, while announcing nominations for the Federal Reserve Board. A significant shift in capital markets is discussed, highlighting a preference for private investment over public companies. Additionally, trends in IPOs reveal changing dynamics, with fewer companies going public and increased delistings.

Hong Kong's leader blasts protesters over a Legislative Council takeover, while the US economy sets a record for expansion. Tension brews for OPEC as Iran raises alarms about Saudi Arabia and Russia’s growing influence. Meanwhile, WeWork gears up for its market debut, raising eyebrows over its $47 billion valuation and the sustainability of its business model. Conversations with founder Adam Neumann reveal ambitious growth plans, even as the company grapples with its identity as a tech innovator or a traditional real estate firm.

Tensions ease between the U.S. and China after President Trump meets with Kim Jong Un, reviving hopes for nuclear talks. The G20 summit highlights a potential shift in trade dynamics, though concerns linger about its longevity. Angela Merkel's plan for EU leadership faces backlash, complicating the political landscape. Meanwhile, HSBC launches a lobbying campaign to clarify its role following the arrest of Huawei's finance director, stirring conversations about corporate accountability.

Tensions rise as the G20 summit approaches, with Trump and Xi's critical trade discussions on the horizon. The Federal Reserve targets Credit Suisse in its latest stress tests, while Nike enjoys increased sales through strategic adaptability. Jony Ive's departure from Apple marks a significant change in design leadership. Meanwhile, Putin critiques liberalism's relevance in today's politics, setting a provocative tone for global discussions.