FT News Briefing

Financial Times

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning.

Hosted on Acast. See acast.com/privacy for more information.

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Our Editor's Take

The FT News Briefing podcast provides a ten-minute synopsis of financial and political news each weekday morning. Marc Filippino, the host and producer, reviews essential stories and recent developments. He interviews Financial Times journalists about the most important story of the day.

The podcast started in October 2018. Filippino became host in April 2019. Financial Times is a news organization based in London with offices around the world. It has produced authoritative content since 1887. Filippino condenses stories into episodes short enough for a commute. Direct input from his colleagues in the newsroom differentiates this news brief.

One episode of FT News Briefing talks about the ongoing impact of the #MeToo movement. Half of 2022's forced CEO departures from US companies resulted from personal misconduct. BP's CEO Bernard Looney resigned after the discovery of his relationships with colleagues. The podcast investigates whether his departure will affect BP's transition to green energy. Another episode details the conclusion of the Writer's Guild of America strike. It also explores President Biden's decision to join the United Auto Workers strike. He became the first sitting president to join a picket line.

FT News Briefing reports on the US Federal Trade Commission's issues with Amazon. The FTC believes Amazon controls too much of the online market. Listeners learn what the FTC can do about it. The podcast also covers the 10,000 job cuts at Amazon and the future of e-commerce. Filippino reveals the Magic Kingdom's issues and Disney's 7,000 job cuts. The opposition from investor Nelson Peltz and Florida Governor Ron DeSantis is also analyzed.

The podcast explores the World Health Organization's claim that China underreported COVID-19 deaths. It also follows developments in cryptocurrency that are causing investors' confidence to fluctuate. Filippino provides relevant updates on the stock market, oil prices, and Trump's indictment. Listeners who want to stay informed may find everything they need to know on FT News Briefing.

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Coming soon: Will climate tech save the planet?

Coming soon: Will climate tech save the planet?

The climate crisis threatens the future of the planet. But don’t worry, technology will save us. At least that’s the message from startups, innovators and investors. Are they right? In a new season of Tech Tonic FT columnist and climate journalist Pilita Clark discovers the tech scene’s latest moonshot efforts to fight climate change, from sucking carbon straight out of the air to the apparent energy miracle of nuclear fusion. Will these technologies be ready in time, or are they a dangerous waste of money and resource at this most critical moment for our planet?Check out stories and up-to-the-minute news from the Technology team at ft.com/technology Tech Tonic is Presented by Pilita Clark. Edwin Lane is senior producer. Produced by Josh Gabert-Doyon. Executive producer is Manuela Saragosa. Sound design by Breen Turner and Samantha Giovinco, with original music from Metaphor Music. The FT’s head of audio is Cheryl Brumley. Hosted on Acast. See acast.com/privacy for more information.

Episodes

Will investors buy Anglo American’s break-up plan?

Will investors buy Anglo American’s break-up plan?

The Biden administration is encouraging Arab states to participate in a multinational force that could deploy in Gaza once the war ends, Anglo American plans to thwart BHP’s £34bn takeover bid by breaking itself up, and the US is sharply raising tariffs on Chinese imports from electric vehicles to solar cells. Plus, Singapore’s new prime minister has his work cut out. Mentioned in this podcast:US encouraging Arab states to join multinational postwar force in GazaAnglo American plans break-up to thwart £34bn BHP bidUS sharply raises tariffs on Chinese EVs and semiconductor importsLawrence Wong, Singapore’s next PM faces an ever trickier balancing actThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Indonesia’s nickel is a gold mine

Indonesia’s nickel is a gold mine

The carmaker behind Fiat and Peugeot is in talks to invest in Indonesian nickel, the meme-stock movement came back to life, and Chinese authorities have kicked off plans to sell $140bn of long-dated bonds to stimulate the economy. Plus, what Russia’s new defence minister means for the country’s war effortMentioned in this podcast:GameStop soars in meme stock flashback as ‘Roaring Kitty’ reappearsWho is Andrei Belousov, Russia’s new defence minister? Stellantis in talks with Vale to invest in Indonesian nickel smelterChina fires starting gun on $140bn debt sale to boost economyThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Rishi Sunak tries to rally Conservatives

Rishi Sunak tries to rally Conservatives

UK Prime Minister Rishi Sunak tries to revive Conservative morale with a speech in London, four Chinese generative artificial intelligence start-ups have been valued at more than $1bn in the past three months, and US shale oil companies are under the spotlight over allegations of manipulating prices. Plus, the frontrunner in Mexico’s presidential election is promising more of the same.Mentioned in this podcast:Rishi Sunak to warn Britain ‘at a crossroads’ as he readies Tories for electionUS shale companies accused of collusion over oil priceFour start-ups lead China’s race to match OpenAI’s ChatGPTMexico’s presidential frontrunner defends sweeping legal reformsThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The Fed’s political pressures

Swamp Notes: The Fed’s political pressures

The US Federal Reserve is fiercely independent, but that doesn’t mean politicians always treat it that way. The FT’s US national editor, Edward Luce, and acting US economics editor, Claire Jones, join this week’s Swamp Notes to explain how the central bank’s policy could affect the economy and therefore have an impact on the election result. Plus, why a second term for Donald Trump could put pressure on the Fed to play politics.Mentioned in this podcast:Trump’s dot plot for the FedJay Powell’s dilemma: the US economy is too strong to cut ratesGlobal inflation and interest rates tracker: see how your country comparesSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. CREDIT: US Federal ReserveRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Pandemic winners turned losers

Pandemic winners turned losers

Anglo American’s crucial South African shareholders are open to a takeover offer from BHP, Nippon Steel has vowed to push ahead with its $14.9bn acquisition of US Steel, and China’s President Xi Jinping has hailed Hungary as one of Beijing’s most important strategic partners. Plus, most pandemic corporate winners have turned into post-pandemic losers. Mentioned in this podcast:Anglo American’s South Africa investors open to improved BHP bidNippon Steel predicts ‘calmer discussions’ with unions after US presidential electionXi Jinping upgrades China’s ties with Hungary to ‘all-weather’ partnership Pandemic-era winners suffer $1.5tn fall in market valueThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Josh Gabert-Doyon, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Singapore wants to shake up its stock market

Singapore wants to shake up its stock market

Shares in Arm drop after it reports lacklustre revenue projections, Singapore is studying proposals to shake up its struggling stock market, EU countries have agreed to use an estimated €3bn in profits from Russia’s frozen state assets to buy weapons for Ukraine, and a newly expanded pipeline in Canada breathes life into the oil industry. Plus, hedge fund manager Sir Paul Marshall has lost a legal battle with the South African government over shipwrecked treasure. Mentioned in this podcast:Arm shares drop as revenue forecast falls short despite AI boomSingapore battles to revive struggling stock marketEU agrees to arm Ukraine using profits from Russian state assetsCanada’s oil industry cuts reliance on US market as pipeline expandsHedge fund boss Paul Marshall loses case over silver salvaged from shipwreckThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Israel moves into Rafah

Israel moves into Rafah

Reddit's first-quarter earnings as a listed company surpass expectations, Israel threatened to expand its military operation in Rafah, and TikTok filed a lawsuit against the US government to block a potential ban of the social media app. Plus, global trade growth is set to more than double this year as inflation eases and a booming US economy helps drive activity.Mentioned in this podcast:US revokes licences for supply of chips to China’s HuaweiTikTok challenges divest-or-ban bill in US courtIsrael threatens to expand Rafah operation as US struggles to revive talksGlobal trade growth set to more than double this yearUS revokes licences for supply of chips to China’s HuaweiReddit soars 16% after beating Wall Street estimates in first post-IPO quarterThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Paramount’s a long way from its peak

Paramount’s a long way from its peak

SoftBank is leading an investment of more than $1bn into a UK self-driving car start-up, and poppy and marijuana farming money is disappearing from rural areas as traffickers shift to synthetic drugs. Plus, the FT’s Anna Nicolaou explains the rival bids to buy Paramount. Mentioned in this podcast:SoftBank leads $1bn funding for UK artificial intelligence group WayveEl Chapo’s opium heartland bereft as Mexico cartels embrace fentanylShari Redstone, a media scion weighing the future of her ravaged empireJames Cameron and Ari Emanuel back Skydance bid for ParamountBrussels seeks to ban Russian funding of European politiciansThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Xi’s balancing act with Europe

Xi’s balancing act with Europe

Warren Buffett said Greg Abel should have the final decision on investments at Berkshire Hathaway, the US and Europe disagree on how to manage Russia’s frozen assets, and Chinese President Xi Jinping visits Europe. Plus, college students in the US are calling for their universities to divest from Israel, but it’s not that simple. Mentioned in this podcast:Bonhomie and hardball: Xi Jinping visits Europe to avert trade warThe clash over whether to commandeer Russia’s frozen assetsDivestment is not as easy as it may seemBerkshire Hathaway’s cash pile hits record as Buffett cuts stake in AppleBuffett lays out expansive role for successor Greg Abel at poignant Berkshire AGMThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The uproar at American universities

Swamp Notes: The uproar at American universities

Student-led protests against Israel’s war in Gaza have spread across the US in recent weeks, with demonstrators building tent encampments on university grounds, and even storming university buildings. The FT’s Washington bureau chief, James Politi, and FT New York correspondent, Joshua Chaffin, join this week’s Swamp Notes to explain why the protests could hurt President Joe Biden’s re-election chances.Mentioned in this podcast:New York police storm Columbia University and arrest pro-Palestinian protestersPolice raid UCLA protest camp as clashes over Gaza spread across USSign up for the FT’s Election Countdown newsletter hereSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor, Kasia Broussalian and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. Original music by Hannis Brown. CREDIT: NBC News New York, X/@JaunMaBenitez, X/@AnthonyCabassa_, PBS NewsHourRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The murky moves behind the yen

The murky moves behind the yen

Apple’s revenue fell 4 per cent in the first three months of 2024, Japan apparently intervened several times this week to support the yen, and US regulators have accused the former boss of the largest US shale oil producer of trying to collude with the Opec cartel. Plus, Europe solved its Russian gas problems in the short term, but created long-term problems.Mentioned in this podcast:Apple’s revenue weighed down by falling China salesJapanese government spent $35bn to prop up yen, BoJ figures suggestJapan is haunted by a return to emerging-economy statusFTC accuses ex-Pioneer boss of seeking to collude with Opec How Europe solved its Russian gas problemThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Higher rates for even longer (and longer)

Higher rates for even longer (and longer)

The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, and cruise operator Viking Holdings rose on its market debut. Plus the FT’s Owen Walker explains what the exit of HSBC chief executive Noel Quinn means for the bank’s China strategy. Mentioned in this podcast:Federal Reserve signals that interest rates will remain higher for longerCruise line Viking rises after launching year’s second-largest US IPOWhat triggered Noel Quinn’s shock exit from HSBCThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Private equity’s green thumb

Private equity’s green thumb

Strong sales at Amazon’s cloud computing division helped the Big Tech giant beat analyst estimates for revenue and profit, private capital is playing a growing role in the green energy transformation, and foreign carmakers are teaming up with Chinese technology groups to compete in the local market. Mentioned in this podcast:Amazon’s strong cloud sales help power revenue gainsCan private equity accelerate the green transition?Jeremy Hunt warns FCA against ‘naming and shaming’ business‘Everything has changed’: foreign auto groups embrace local technology in ChinaThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Scotland’s first minister resigns

Scotland’s first minister resigns

Humza Yousaf is resigning as Scotland’s first minister, and WeWork’s senior creditors are poised to take control of the reorganised co-working space provider. Plus, an Africa-focused venture capital firm has steered one of the region’s biggest fundraising efforts of the past five months. Mentioned in this podcast:Humza Yousaf quits as Scotland’s first ministerWeWork agrees restructuring deal that shuts out Adam Neumann’s comeback bidAfrica-focused fund draws early investors to tech industryFT Life & Art podcastThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Big Tech investors question AI pay-off

Big Tech investors question AI pay-off

Financial companies scramble to rework contracts after US Federal Trade Commission rule bans non-compete agreements, the largest western banks that remain in Russia paid the Kremlin hundreds of millions of euros in taxes last year, and Turkey is in talks with the US energy supermajor ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas. Plus, the message from Big Tech companies to investors about when AI will be profitable: be patient. Mentioned in this podcast:Ban on non-compete agreements sends shockwave across Wall StreetMicrosoft and Alphabet enjoy AI-powered gains from cloud divisionsQuestion of pay-off from AI hangs over Big Tech earningsWestern banks in Russia paid €800mn in taxes to Kremlin last yearTurkey in talks with ExxonMobil over multibillion-dollar LNG dealThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Swamp Notes: The Supreme Court weighs presidential power

Swamp Notes: The Supreme Court weighs presidential power

The US Supreme Court set out to answer a big constitutional question on Thursday: can a president be charged for potential crimes committed while in office? The FT’s Washington bureau chief, James Politi, and US legal and enforcement correspondent, Stefania Palma, join this week’s Swamp Notes to explain why the answer could determine the outcome of Donald Trump’s federal trials and the future of the American presidency.Mentioned in this podcast:US Supreme Court debates limits of presidential immunity in Donald Trump appealDonald Trump prepares his final pitch on presidential immunitySign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Ethan Plotkin, Sonja Hutson, Lauren Fedor and Marc Filippino. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. Special thanks to Pierre Nicholson. CREDIT: CNNRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

A mining industry mega-deal

A mining industry mega-deal

Microsoft beat expectations for revenue and cloud sales, Alphabet shares rise by double-digits after first-quarter earnings beat expectations, markets are no longer fully confident of a US interest rate cut before September, and the EU is turning to draconian tactics to curb migration. Plus, a merger between mining giants BHP and Anglo American could get investors excited about the industry again. Mentioned in this podcast:Alphabet shares surge past $2tn after search giant unveils first ever dividendMicrosoft’s revenue and cloud sales beat expectationsBiden dealt blow as investors scale back bets on pre-election rate cutWhy is BHP bidding for Anglo American?BHP proposes £31bn takeover of Anglo American in mining mega-dealHow Europe is paying other countries to police its bordersThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

What new US aid means for Ukraine

What new US aid means for Ukraine

Meta’s revenues jumped by more than a quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment supplier, and earnings from Boeing reflected a slowdown of 737 Max production and compensation to customers. Plus, weapon shipments are heading to Ukraine after President Joe Biden signed a highly anticipated $95bn foreign aid bill. Mentioned in this podcast:Meta shares fall as it predicts higher expenditure on AIEU conducts ‘dawn raid’ on Chinese security equipment supplierPentagon rushes $1bn in weapons to Kyiv after Biden signs aid billJoe Biden tells Volodymyr Zelenskyy US weapons will arrive ‘quickly’Boeing burns through $4bn in first quarter after door plug blowoutThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Spotify grows up

Spotify grows up

Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses for employees. Plus, international investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout.Mentioned in this podcast:Tesla revenue declines in first quarter as vehicle sales slowSpotify hits record quarterly profit as it enters ‘new phase’US FTC bans non-compete agreementsDemand for Egyptian debt surges after $55bn bailout and investment packageLatin American cocoa farmers rush to expand planting as prices spikeThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Katya Kumkova, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Taking the Byte out of TikTok

Taking the Byte out of TikTok

The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock, ByteDance ready to ‘move to the courts’ after the US pushes ahead with a bill demanding the Chinese parent sell its viral app in the country, and traders have built up bets that the Federal Reserve could actually raise interest rates. Plus, Goldman Sachs has relocated its head of financial institutions group for Europe from London to Paris.Mentioned in this podcast:Goldman Sachs moves senior banker to Paris in post-Brexit revampTikTok gears up for legal fight in US to prevent banInvestors price in growing chance of further Fed rate risesNew York Stock Exchange tests views on round-the-clock tradingThe FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Denise Guerra, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.