FT News Briefing

The world is reeling after the US and Israel struck Iran over the weekend. The FT’s Najmeh Bozorgmehr details the situation on the ground in Tehran. Then we explore how the renewed conflict affects the United States and the Middle East. Plus, the FT’s Malcolm Moore explains the potential implications for the oil market and the global economy. Mentioned in this podcast:What will war in Iran do to the global economy?Tehran: a city at warOil jumps as Donald Trump vows to continue striking IranInsurers to cancel policies and raise prices for ships in Gulf and Strait of HormuzAyatollah Ali Khamenei, Iran’s supreme leader, 1939-2026After Khamenei, who rules Iran?Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig and edited by Marc Filippino. It was produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. 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

Paramount Skydance is poised to triumph in its bid to buy Warner Bros Discovery after Netflix said it would not boost its offer, tech companies are increasingly turning to loans backed by the chips on which their large language models are trained and the FT’s George Steer explains how Wall Street is hedging against the tech stock sell-off . Plus, Berkshire Hathaway’s new chief executive will send his first letter to investors on Saturday. Mentioned in this podcast:Paramount poised to clinch Warner Bros deal after Netflix walks awayTech groups turn to more chip-backed loans to fund AI arms raceWall Street turns to complex trades to dodge AI ‘implosions’Warren Buffett hands over Berkshire Hathaway’s reins to Greg AbelBehind the Money podcast: Berkshire after BuffettNote: 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 Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. 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

Nvidia beat Wall Street’s estimates on Wednesday as the company continued to benefit from the boom in AI infrastructure, and HSBC is on track to deliver cost savings earlier than planned. Plus, Iran looks to tempt US President Donald Trump with investments in order to stave off war, and the FT’s Robert Smith explains how Deutsche Bank rolled out the red carpet for Jeffrey Epstein. Mentioned in this podcast:Nvidia rallies on robust earnings powered by AI investment boomHSBC shares hit record as bank accelerates cost savings and lifts targetIran to offer ‘commercial bonanza’ to US companiesHow Deutsche Bank rolled out the red carpet for Jeffrey EpsteinNote: 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 Fiona Symon, Victoria Craig, and Sonja Hutson. Our show was mixed by Kelly Garry. 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

US President Donald Trump delivered his State of the Union address last night, Europe’s largest investment banks delivered their highest trading revenues in at least a decade in 2025, and UK self-driving start-up Wayve has raised $1.2bn in new funding. Plus, people are returning to Afghanistan in droves, but there are questions over whether the country can support this massive influx.Mentioned in this podcast:European traders celebrate decade-beating performanceUK AI start-up Wayve raises $1.2bn from carmakers and Big TechMillions of people are returning to Taliban-run AfghanistanFind a discounted subscription to FT.com here: ft.com/briefingsaleNote: 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 Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Michael Lello and David da Silva. 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

US software stocks were hit with a fresh burst of selling on Monday as investors fretted that AI will upend the industry, and German Chancellor Friedrich Merz heads to China this week to discuss trade. Plus, the FT’s Ben Hall explains where things stand in the Ukraine war four years after Russia’s full-scale invasion.Mentioned in this podcast:US software and private capital shares hit with fresh wave of sellingWhat Friedrich Merz is going to tell Xi JinpingVolodymyr Zelenskyy urges Donald Trump to see through Russia’s ‘games’Find a discounted digital subscription here: ft.com/briefingsaleNote: 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 Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. 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

The US Supreme Court’s decision to strike down President Donald Trump’s use of emergency tariff powers is raising questions about existing trade deals, federal revenues, and the impact to American business. Plus, how JPMorgan chief executive Jamie Dimon is preparing to spend a record $2bn a week.Mentioned in this podcast:Trump’s new flat-rate tariff will boost China and BrazilWhat does Trump’s latest tariff threat mean for his previous trade pacts?Corporate America demands refunds after Donald Trump’s tariffs are struck downDonald Trump’s tariffs send corporate America’s import costs spirallingUS banks enjoyed record profits of $300bn in 2025Dimon seeks to sell JPMorgan investors on $2bn-a-week costs bill FT News Briefing subscription saleNote: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. 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

Daniel Chait is the CEO of Greenhouse, a hiring platform. He told us his tips for hiring managers, a couple of unethical uses of AI in hiring and whether or not this job market is worse than the one during the global financial crisis.Mentioned in this podcast:The great graduate job droughtNote: The FT does not use generative AI to voice its podcasts. This episode was hosted by Marc Filippino, and produced by Henry Larson. It was mixed by Sam Giovinco. Our executive producer is Topher Forhecz and the FT’s global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com

Donald Trump says the next 10 days will decide if the US strikes Iran or does a deal with the Islamic republic. Plus, the FT’s Anjli Raval explains just how bad the job market is for new graduates, and hiring platform Greenhouse’s CEO tells us his solutions. Mentioned in this podcast:Trump says he will decide in next 10 days if US will strike IranThe great graduate job drought Find a discounted digital subscription here: ft.com/briefingsaleNote: 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 Henry Larson and Sonja Hutson. Our show was mixed by Kent Militzer. Additional help from Gavin Kallmann. 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

JPMorgan Chase is in talks to provide banking services to US President Donald Trump’s Board of Peace, and investors have warned that loosening the UK’s borrowing limits to fund more spending on defence would risk a bond market backlash and a self-defeating rise in borrowing costs. Plus, the White House says the New York Fed should be disciplined for a recent report, and a former investment banker is suing over her right to get eight hours of sleep per night. Mentioned in this podcast:JPMorgan in talks to bank for Trump’s Board of PeaceGilt investors warn about ‘ruse’ to fund higher UK defence spendingTrump adviser says New York Fed economists should be ‘disciplined’ for publishing study on tariffsCan bankers be fired for demanding sleep? A US court will decideFT News Briefing subscription saleNote: 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 Fiona Symon and Victoria Craig. 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