Meta will cut 10% of its staff next month, BP suffered a heavy defeat at its annual shareholder meeting, and the Paramount–Warner Brothers Discovery deal is one step closer to being sealed. Plus, the Trump family’s crypto company is in hot water, and a US official is vying to get Italy into the football World Cup.

Mentioned in this podcast:

Meta to cut 10% of jobs to ‘offset’ Mark Zuckerberg’s AI spending

Microsoft to offer 7% of US staff voluntary redundancy for the first time

BP suffers heavy defeat in investor climate vote

Crypto billionaire Justin Sun sues Trump family’s World Liberty Financial

Warner Bros shareholders approve $111bn Paramount deal

Trump envoy seeks to replace Iran with Italy in football World Cup

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Michela Tindera, Gavin Kallmann, and Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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

Tesla’s profits rebounded from last year’s lows, Brent crude jumped back above $100 a barrel on Wednesday after Iran’s navy said it seized two commercial ships in the Strait of Hormuz, and China’s new trade rules have concerned businesses operating in the country. Plus, the FT’s John Burn-Murdoch unpacks a survey that finds the highest-earning workers are adopting AI in their jobs far faster than others and Switzerland hit UBS with a proposed $20bn capital increase.

Mentioned in this podcast:

Tesla shares rally as profits rebound from last year’s lows

Trump’s ‘dirty ceasefire’ tested as Iran hits shipping

US allies in Gulf and Asia have requested swap lines, Scott Bessent says

China links tough new trade rules to Iran war and Panama port dispute

High earners race ahead on AI as workplace divide widens

Switzerland hits UBS with proposed $20bn capital increase

Credit: Reuters

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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

US President Donald Trump extended the ceasefire with Iran until talks conclude, and Federal Reserve chair nominee Kevin Warsh sidestepped accusations that he would succumb to pressure from Trump to cut interest rates. Plus, a sneak peek at a new FT podcast on the lessons to learn in the history of finance.

Mentioned in this podcast:

Can Trump finally make a nuclear deal with Iran?

Kevin Warsh sidesteps questions over Donald Trump’s influence on Fed rate policy

Introducing: The Story of Money

Credit: C-SPAN

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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