European and Asian investors have pumped record sums into global equity funds that exclude the US market, and shares in Chinese battery maker CATL surged 16 per cent on their debut in Hong Kong. The EU plans to levy a flat fee on billions of small packages entering the bloc, mainly from China. Plus, Israeli Prime Minister Benjamin Netanyahu is facing calls to scale back his military operation in Gaza and let more aid into the enclave.

Mentioned in this podcast:

Investors flock to equity funds that exclude US after Trump’s return to power

Chinese battery maker CATL surges 16% in biggest listing of 2025

EU to impose €2 tax on low-cost items in blow to Temu and Shein

UK halts trade talks with Israel over Gaza offensive

Israel’s Gaza aid plan could lead to ‘war crime’, UN agency chief says

Benjamin Netanyahu says Israel plans to take over all of Gaza

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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The US may be stepping back from its role as mediator in the war in Ukraine, and US long-term borrowing costs rose to their highest level since late 2023 on Monday. US drugmaker Regeneron has agreed to buy 23andMe out of bankruptcy, and the EU and the UK have announced a deal to “reset” their relationship at a summit in London.

Mentioned in this podcast:

Trump leaves Russia and Ukraine to settle war in talks

US borrowing costs climb after Moody’s downgrade

23andMe sold out of bankruptcy to Regeneron

UK-EU post-Brexit reset: the key points

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. 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.

The UK is holding its first summit with the European Union since Brexit, and US authorities are preparing to announce one of the biggest cuts in banks’ capital requirements in more than a decade. Plus, European leaders are hoping to influence US President Donald Trump ahead of his call with Russian President Vladimir Putin, and China is on its way to becoming the world’s first “electrostate.”

Mentioned in this podcast:

UK and EU reset talks go ‘down to the wire’

Europe races to influence Trump ahead of Putin call

US poised to dial back bank rules imposed in wake of 2008 crisis

How Xi sparked China’s electricity revolution

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Alexander Higgins and Peter Barber. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Within the space of one week, US President Donald Trump endorsed tax increases for America’s top earners and promised to slash drug prices by up to 70 per cent. It’s a platform that echoes former presidential candidate Bernie Sanders and others on the political left. So why are we hearing it from Trump, and why now? FT’s Washington bureau chief James Politi and global business columnist Rana Foroohar are on the show to discuss.

Subscribe to the new Swamp Notes feed here.

Mentioned in this podcast:

Trump leans left in bid to revive flagging poll numbers

Why ‘Make Hollywood Great Again’ makes sense

Sign up for the FT’s Swamp Notes newsletter here

Swamp Notes is produced by Katya Kumkova. Topher Forhecz is the acting co-head of audio. Special thanks to Sonja Hutson and Pierre Nicholson.

CREDIT: clip from Forbes

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Japan has signalled it is prepared to hold out for a better deal with US President Donald Trump over trade tariffs, and investor Bill Ackman is trying to create a rival to Berkshire Hathaway. Plus, Poland’s election this weekend is shaping up to be a turning point, not only for domestic politics, but also for the war in Ukraine.

Mentioned in this podcast:

Japan to hold out for better trade deal with US

Can Bill Ackman create a ‘modern-day’ Berkshire Hathaway?

Polish women turn on Donald Tusk over abortion rights

Vladimir Putin and Donald Trump cast shadow over Poland’s election

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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CoreWeave reported a 420% rise in revenue in its first quarter as a listed company, the furious rally in US assets has caught big investors off guard, and Nvidia is seeking to build a research and development centre in Shanghai. Plus, the Kurdistan Workers’ party, the militant group that has been in conflict with the Turkish state for more than 40 years, said it would disband.

Mentioned in this podcast:

CoreWeave beats estimates in first results as a listed company

Wall Street’s sudden rebound catches investors ‘offside’

Nvidia plans Shanghai research centre in effort to redesign chips for China

Kurdish militant group PKK says it will disband and end Turkey conflict

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, and Michael Lello. 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.

The White House unveiled what it says is $600bn worth of defence and artificial intelligence deals with Saudi Arabia, UnitedHealth Group shares sink to the lowest level in more than four years, and US inflation fell to 2.3 per cent in April. Plus, Nissan plans to axe 15 per cent of its global workforce and almost halve its number of plants.

Mentioned in this podcast:

Donald Trump lauds Saudi Arabia as he unveils AI and defence deals

UnitedHealth chief Andrew Witty steps down as shares plunge

US inflation falls to 2.3% in April as tariff effect looms

Nissan to axe 15% of global workforce and almost halve number of plants

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Global stocks surged after the US and China slashed tariffs for 90 days, and Brussels is preparing to use capital controls and tariffs against Russia. Plus, OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation.

Mentioned in this podcast:

Who blinked first? How the US and China broke their trade deadlock

Wall Street stocks soar on US-China tariff reprieve

EU readies capital controls and tariffs to safeguard Russia sanctions

OpenAI negotiates with Microsoft to unlock new funding and future IPO

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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.