EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams.

Mentioned in this podcast:

EU speeds up plans for digital euro after US passes stablecoin law

Justice department calls on Federal Reserve to sack governor Lisa Cook

‘I almost fell off my chair’: Investors lose billions on meme stocks as ‘pump and dump’ scams multiply

Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.

Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

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

Chinese regulators are pushing back against US AI chips, Target shares fell more than 6 per cent after the retail group picked an insider to be its new chief executive, and UK inflation accelerated more than expected to 3.8 per cent in July. Plus, China is making a big push for vehicle battery swapping.

Mentioned in this podcast:

Beijing turns against Nvidia’s AI chip after ‘insulting’ Lutnick remarks

Target shares drop as retailer picks insider to lead turnaround drive

UK inflation rises more than expected to 3.8% in July

Will a 3-minute battery swap beat a 5-minute charge for China’s EV drivers?

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. The FT’s acting co-head of audio is Topher Forhecz. 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 tech stocks sold off on Tuesday, and Federal Reserve chair Jay Powell will be between a rock and a hard place when he delivers his speech at the Jackson Hole Economic Policy Symposium this Friday. Plus, Ozempic-maker Novo Nordisk has fallen behind its rivals. Does it have a plan to catch up?

Mentioned in this podcast:

Jay Powell to deliver Jackson Hole address under fire on multiple fronts

US tech stocks hit by wave of concerns over future of AI boom

How Novo Nordisk lost its lead in the weight loss race

Labubu frenzy sends Pop Mart profits soaring

Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. 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.