FT News Briefing

Anglo American’s shareholders show interest in a takeover from BHP as market dynamics shift. Nippon Steel presses on with its $14.9 billion acquisition of U.S. Steel amidst political hurdles. Meanwhile, the era of pandemic corporate success is fading, with many big names like Peloton and Zoom seeing drops in value. However, some companies, like BYD and T-Mobile, continue to thrive by adapting to changing consumer behaviors. The discussions highlight the complexities of corporate strategy in a post-pandemic world.

Shares of Arm tumble due to disappointing revenue forecasts, causing concern in the tech sector. Singapore is exploring bold initiatives to revitalize its struggling stock market and increase investor interest. Meanwhile, the EU has agreed to utilize frozen Russian assets to support armament for Ukraine. Canada makes strides to boost its oil industry with a new pipeline. In a legal twist, hedge fund manager Sir Paul Marshall faces losses in a case over WWII shipwrecked treasure, raising intriguing questions about ownership.

Reddit outperformed expectations with strong first-quarter earnings, causing shares to soar. Meanwhile, Israel is poised to expand its military operations in Rafah, worsening an already critical humanitarian crisis. TikTok is pushing back against a potential ban in the U.S. through legal action. In a brighter economic outlook, global trade growth is expected to more than double this year, fueled by a resurgent U.S. economy and easing inflation, despite looming challenges like geopolitical tensions and trade barriers.

Discover how SoftBank's $1 billion investment is revolutionizing a UK self-driving car startup. Delve into the shifting dynamics of drug trafficking in Mexico as cartels pivot to synthetic opioids, leaving traditional farming behind. Meanwhile, the podcast explores the dramatic drama surrounding Paramount's potential acquisition by Skydance, revealing the intense negotiations and the Hollywood community's fears about corporate consolidation and its impacts on the film industry.

Warren Buffett hints at a major leadership shift at Berkshire Hathaway as he prepares successor Greg Abel to take the reins. Tensions rise between the US and Europe over how to manage Russia's frozen assets amid ongoing sanctions. Meanwhile, college students in the US rally for divestment from Israel, highlighting the complexities of ethical investing. The podcast dives into the evolution of university investment strategies and the challenges posed by balancing financial returns with social principles.

Protests at U.S. universities have erupted in response to the Israel-Hamas conflict, raising concerns about their impact on President Biden's re-election. The discussion highlights the delicate balance Biden faces with discontent among Arab American voters amid these demonstrations. Additionally, it explores the influence of social media on contemporary activism and the historical context of protests. The conversation also touches on the whimsical yet complex idea of panda diplomacy as a part of Biden's foreign policy strategy with China.

Apple faces a 4% revenue drop, largely due to declining sales in China. Meanwhile, Japan's aggressive $35 billion intervention aims to stabilize the yen, which recently plummeted to a 34-year low against the dollar. The discussion also touches on the ex-boss of a major US shale oil producer accused of colluding with OPEC. Lastly, while Europe has temporarily solved its Russian gas supply woes, concerns about long-term energy strategies and the challenges of transitioning to renewable sources loom large.

The Federal Reserve hints at sustained high borrowing costs, shifting its tone amid disappointing inflation data. Investors remain optimistic despite this, with discussions on potential rate cuts in the future. Viking Holdings celebrates a strong market debut as the year’s second-largest IPO. Meanwhile, the abrupt exit of HSBC’s chief executive raises questions about the bank’s future strategy in China, amid ongoing geopolitical tensions and shareholder expectations.

Strong cloud sales from a major tech giant are boosting its revenue and profit beyond expectations. Private equity is stepping up its game to accelerate the green energy transition, despite challenges with uncertain returns. Meanwhile, foreign carmakers are increasingly teaming up with local Chinese tech companies to innovate in the electric vehicle market. These dynamics highlight the need for international firms to rethink their strategies as they navigate the complex landscape of China's automotive technology.

Humza Yousaf's surprising resignation as Scotland’s first minister sends shockwaves through the SNP and raises questions for the upcoming UK election. Meanwhile, WeWork is on the brink of restructuring, potentially charting a new course after past failures. In Africa, significant venture capital interest is fueling growth in the tech sector, driven by a need for innovative financial solutions. Investors are optimistic about revitalizing the region’s startups, even as challenges in funding and economic stability persist.