Siste episoder av Behind the Money podcast

1. Pfizer and Novo Nordisk’s $10bn battle over weight-loss drugs12.11.2025 (00:26:03)

   Pharma juggernauts Pfizer and Novo Nordisk are struggling in the obesity drug race.The two companies are searching for their next moneymaker, and that search recently spun out into a ferocious, multibillion-dollar battle for control of biotech start-up Metsera. The FT’s US deals and activism correspondent Oliver Barnes walks through the tussle that’s involved lawsuits, public barbs and political drama.Clips from CNBC, Pfizer, Yahoo Finance- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading and listening:Weight-loss wars: $10bn hostile battle pits Pfizer against Novo NordiskPfizer shows hardball mettle needed to win in 2025 M&AThere is only one winner in the Pfizer Novo Nordisk showdownOzempic’s unconventional origins- - - - - - - - - - - - - - - - - - - - - - - - - - Attend the FT Global Banking Summit, 2-4 December in London: Enter SAVE20 for a 20% discount, register here.- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Oliver Barnes on X (@mroliverbarnes), or on Bluesky (@mroliverbarnes.bsky.social) Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

2. The $17bn nuclear start-up without any revenue05.11.2025 (00:23:28)

   Publicly-listed Oklo sits at the intersection of two hot areas for Wall Street: artificial intelligence and energy companies. This year alone, Oklo’s share price has jumped more than 400 per cent. But the business hasn’t generated any revenue. It hasn’t built a nuclear reactor, and it hasn’t secured any binding contracts with customers. The FT’s US energy editor Jamie Smyth explains the enthusiasm for Oklo, its links to the Trump administration and whether it can live up to the hype.Clips from New York Stock Exchange, The White House, a16z- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Inside Oklo: the $20bn nuclear start-up without any revenueUS and investors gambling on unproven nuclear technology, warn expertsDonald Trump’s assault on US nuclear watchdog raises safety concerns- - - - - - - - - - - - - - - - - - - - - - - - - - Attend the FT Global Banking Summit, 2-4 December in London: Enter SAVE20 for a 20% discount, register here.- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Jamie Smyth on X (@JamieSmythF), or on Bluesky (@jamiesmythft.bsky.social). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

3. $12bn of debt: How First Brands Group collapsed29.10.2025 (00:26:37)

   Some of the world’s biggest financial institutions are reeling after the collapse of a little-known car parts supplier: First Brands Group. The company filed for bankruptcy last month, and since then, FT reporters have shone a spotlight on billions of dollars of hidden debt and a secretive founder whose borrowing habits left creditors exposed. The FT’s corporate finance editor Robert Smith and banking editor Ortenca Aliaj walk through their investigation and explain how this event has raised questions about potential cracks in private credit. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:The secretive First Brands founder, his $12bn debt and the future of private creditFirst Brands Group: dude, where’s my cash?First Brands bankruptcy: the losers — and winners- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Robert Smith on X (@BondHack), or on Bluesky (@bondhack.ft.com). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

4. Can the world’s largest listed hedge fund rebound?22.10.2025 (00:19:10)

   The world’s largest listed hedge fund manager, Man Group, is at a crossroads. After years of high flying thanks to its innovative quant trading strategies, the company’s hedge fund unit has been faltering. Recently, the performance of Man Group’s core business has been lacklustre, and some institutional investors have pulled their money. The FT’s hedge fund correspondent Costas Mourselas analyses which strategies Man Group may pursue to rebound. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Can the world’s largest listed hedge fund rebound?Man Group’s hedge fund bluesRobyn Grew: the ‘force of nature’ named Man Group chief executive- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Costas Mourselas on X (@CostasMourselas). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

5. Introducing Untold: Toxic Legacy16.10.2025 (00:02:16)

   Introducing Toxic Legacy, a new season of Untold from the Financial Times. Host Laura Hughes uncovers a lead poisoning epidemic across the UK. You might be living with lead and not know it: the toxin is often invisible to the human eye, but wreaks havoc on our bodies once we’re exposed. The first episode of Untold: Toxic Legacy launches October 22. Listen on Apple Podcasts, Spotify, Pocket Casts or wherever you get your podcasts.For information on how to live safely with lead, please visit the LEAPP Alliance website. Hosted on Acast. See acast.com/privacy for more information.

6. The meltdown at Nestlé15.10.2025 (00:20:21)

   From KitKat candy bars to Perrier mineral water, Nestlé owns thousands of brands. But recently the world’s largest food and beverage company has severely underperformed its rivals in the wider consumer goods sector. The business is also emerging from a scandal involving its most recent chief executive. The FT’s consumer industries reporter Madeleine Speed explains how Nestlé’s challenges fit into an industry under pressure from shareholders, and what plans the group’s new leadership are considering. Clips from TBS/YouTube and Nestlé- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:The meltdown at NestléNestlé’s CEO ousting makes case for corporate ‘veep’Denials and defiance: Nestlé chief’s exit over relationship prompts investor unrest- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Madeleine Speed on X (@SpeedMaddie). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

7. Elon Musk and the end of a telecom tycoon’s dream08.10.2025 (00:23:40)

   In recent weeks, satellite business EchoStar has clinched multibillion-dollar deals with SpaceX and AT&T. It may sound like boom times for founder Charlie Ergen, but these deals illustrate something different: the abandoning of an ambitious, decades-long quest to build his own mobile phone network. The FT’s Wall Street editor Sujeet Indap and US trading and crypto correspondent Jill R Shah explain how Ergen’s fortunes changed, and the role Elon Musk and US President Donald Trump played in that. Clips from CNBC, Reuters, Yahoo Finance, Echostar/Vimeo- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How a deal with Elon Musk helped a telecoms tycoon save his company from bankruptcyTrump forces billionaire to foldCharlie Ergen: Media mogul at a Sprint- - - - - - - - - - - - - - - - - - - - - - - - - - Behind the Money has been nominated for a Signal Award in the Money & Finance category! It's a Listener Choice award, which means we need your help. Vote for us to win here. We appreciate your support!Follow Sujeet Indap on X (@sindap), or on Bluesky (@sindap.bsky.social). Follow Jill Shah on X (@jillrshah). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

8. Coming soon from Tech Tonic: Mission to Mars06.10.2025 (00:01:40)

   US President Donald Trump has pledged to “plant the stars and stripes on the planet Mars”, China could send its first crewed mission to Mars within a decade, and Elon Musk wants people to actually settle on Mars, transforming the human race into an interplanetary species. In a new series of Tech Tonic, the FT’s Peggy Hollinger asks if we’re really about to land, and even live, on the red planet. Free to read:Musk’s mission to MarsThree days with America’s rocket chasersTech Tonic is produced by Mischa Frankl-Duval. The senior producer is Edwin Lane. Flo Phillips is the executive producer. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music. Manuela Saragosa is the FT’s acting co-head of audio. Hosted on Acast. See acast.com/privacy for more information.

9. The unsustainable boom in India’s Silicon Valley01.10.2025 (00:22:45)

   India’s tech hub Bangalore has experienced huge growth of companies and employees in the past two decades. But the city’s infrastructure is not keeping up with such rapid growth. With the tech sector contributing more than $300bn to the nation’s economy, what happens to the country’s growth if Bangalore can’t solve its issues? The FT’s Mumbai bureau chief Chris Kay and Mumbai correspondent Krishn Kaushik travelled to Bangalore to try to find out.- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:The unsustainable boom in India’s Silicon ValleyMultinationals turn to India’s back offices for AI engineersIndian IT shares fall over fears from Trump’s $100,000 H-1B visa fee- - - - - - - - - - - - - - - - - - - - - - - - - - Behind the Money has been nominated for a Signal Award in the Money & Finance category! It's a Listener Choice award, which means we need your help. Vote for us to win here. We appreciate your support!Follow Chris Kay on X (@christopherkay) or on Bluesky (@christopherkay.ft.com), and Krishn Kaushik on X (@Krishn_) Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

10. Vote for Behind the Money in the Signal Awards! 26.09.2025 (00:00:35)

    Behind the Money has been nominated for a Signal Award in the Money & Finance category! It's a Listener Choice award, which means we need your help. Vote for us to win here. We appreciate your support!And while you're at it, vote for some other FT podcasts that have also been nominated. The FT News Briefing podcast was nominated for best daily podcast category. Vote here. And our Tech Tonic podcast was nominated for best technology podcast. Vote here. Hosted on Acast. See acast.com/privacy for more information.

11. A subprime auto lender collapsed. Wall Street has questions24.09.2025 (00:19:55)

    The recent collapse of Tricolor Holdings, a subprime auto lender in Texas, has left a trail of losses and questions from Wall Street to low-income immigrant communities throughout the American south-west. The FT’s US banking correspondent Akila Quinio, and Amelia Pollard, US investment correspondent, explain what they’ve found.Clip from Fifth Third- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Tricolor collapse sparks concern about health of US subprime auto sectorDebt linked to collapsed subprime auto lender Tricolor tumblesJPMorgan and Fifth Third face losses tied to collapsed subprime car lender- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Amelia Pollard on X (@ameliajpollard) and Bluesky (@pollard.bsky.social) and Akila Quinio on X (@akilazoe). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

12. Is there a future for the ‘Amazon of Africa’?17.09.2025 (00:24:04)

    Ecommerce start-up Jumia was supposed to become the “Amazon of Africa”. Its prospects seemed promising after raising close to $800mn prior to its IPO in 2019 — more than any African start-up. But in the years since, things haven’t gone the way investors probably hoped. The FT’s west and central Africa correspondent Aanu Adeoye explains Jumia’s plans to turn the business around, and what its challenges say about applying western business models in Africa. Clip from New York Stock Exchange - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Is there a future for the ‘Amazon of Africa’?‘Amazon of Africa’ Jumia fights to rebuild investor trust Complaints that Jumia is not African ring hollow- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Aanu Adeoye on X (@aanuadeoye). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

13. How the diamond industry lost its sparkle10.09.2025 (00:23:32)

    The natural diamond industry is facing an existential threat: lab-grown diamonds. They’re chemically and physically identical to natural stones, and they're just a fraction of the price. Eleanor Olcott, the FT’s China technology correspondent, travelled to the epicentre of lab-grown diamond production in the central Chinese province of Henan to see how they’re made. While the FT’s natural resources editor, Leslie Hook, explores what the sale of leading natural diamond producer, De Beers, could mean for the future of the sector. Clip from Arnold Worldwide - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How the diamond industry lost its sparkle The sparkle is fading in Africa’s diamond heartlandTaylor Swift hands diamonds a moment to shine- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Leslie Hook on X (@lesliehook) and Eleanor Olcott on X (@EleanorOlcott). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

14. Chevron prepares to take on ExxonMobil 03.09.2025 (00:19:53)

    Earlier this summer, energy supermajor Chevron secured access to one of the most valuable oilfields in the world. It was the culmination of a months-long battle that pitted America’s second-largest oil company against the largest, ExxonMobil. The FT’s US energy editor, Jamie Smyth, looks at what Chevron aims to do next, and how it plans to take on its larger rival. Clips from CNBC, Bloomberg- - - - - - - - - - - - - - - - - - - - - - - - - - Sign up for the FT Weekend Festival at ft.com/festival and use the promo code “FTPodcasts” for 10 per cent off.- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Chevron prepares for US oil supermajor battle with Exxon Chevron seals $53bn Hess takeover after Exxon fails to torpedo dealFor further listening … Our Behind the Money episode on Guyana from 2024: Will Exxon make or break Guyana?- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Jamie Smyth on X (@JamieSmythF) and Bluesky (‪@jamiesmythft.bsky.social‬). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

15. Coming soon from Tech Tonic: Will AI ruin music?29.08.2025 (00:01:53)

    AI music generators - platforms that use artificial intelligence to create new, original music from scratch - can make songs that are almost indistinguishable from human creations. For some musicians, they’re the next frontier in music-making technology. But for others, they represent a grave threat, flooding the world with low-grade AI music, stealing the jobs of working musicians, and even spelling the end of the creative process as we know it. Is this just technophobia, or is music facing AI annihilation?In a new two-part series of Tech Tonic, the FT’s pop critic Ludovic Hunter-Tilney explores the emerging world of AI music, and the impact it could have on the industry.Tech Tonic is presented by Ludovic Hunter-Tilney. The producers are Lulu Smyth and Josh Gabert-Doyon. Edwin Lane is the senior producer, Flo Phillips is the executive producer. Sound design by Breen Turner and Samantha Giovinco. Original Music by Metaphor Music. Manuela Saragosa and Topher Forhecz are the FT’s acting co-heads of audio. Hosted on Acast. See acast.com/privacy for more information.

16. Unhedged: The Fed under attack27.08.2025 (00:20:37)

    This week we're sharing an episode from, Unhedged, another podcast from the FT network.The annual meeting of central bankers in Jackson Hole, Wyoming, is supposed to be an intellectual retreat. Instead, it was overshadowed by personal and political attacks on US Federal Reserve board member Lisa Cook. Today on the show, Katie Martin talks to US economics editor Claire Jones about her reporting from Jackson Hole and what might happen if the central bank falls under the president’s control. Also, we attempt to go long and short but are interrupted by a fire alarm. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

17. Palantir’s relentless rise20.08.2025 (00:23:29)

    Palantir shares have soared this year, making the data analytics company one of the most valuable listed US tech groups. The FT’s Tabby Kinder explains how a paradigm shift in Silicon Valley helped propel Palantir to new heights and why many think it will be among the biggest winners of more US federal spending on national security, immigration and space exploration – even as others have started questioning its valuation.Clips from Bloomberg, CNBC, FOX Business, HBO, More Perfect Union, Newsweek, TechCrunch, Palantir Vision, The 92nd Street Y, New York - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Palantir becomes a ‘Trump trade’ as investors bet on higher defence spendingHow Donald Trump’s spending bill will boost Silicon Valley’s defence companiesPalantir lifts outlook as AI boom sends quarterly revenue to $1bnPalantir’s ‘revolving door’ with government spurs huge growth- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Tabby Kinder on X (@Tabby_Kinder) and Saffeya Ahmed on X (@saffeya_ahmed) or follow Saffeya on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

18. Why Big Tobacco is buzzing over nicotine pouches19.08.2025 (00:20:58)

    This is a revised version of an earlier episode and clarifies the position of Zyn in the US market.As the popularity of cigarettes has slid in the past couple decades, Big Tobacco has been searching for a new hit product. Now, they think they’ve found it: nicotine pouches. FT reporters Clara Murray and Mari Novik explain how nicotine pouches became popular, and whether they’ll become the sector’s newest addiction or if they will be snuffed out. Clips from ABC News, ABC4 Utah, CBS Mornings, Theo Von Podcast, Time, TikTok- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:The new nicotine hit that could save Big TobaccoBig Tobacco stock rally reveals uncomfortable truthBig Tobacco will take heat on its smokeless transformation- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Clara Murray on X (@clara__murray) and Bluesky (‪@claradoodle.bsky.social‬). Follow Mari Novik on X (@marinoevik) and Bluesky(@marinovik.bsky.social‬). Saffeya Ahmed is on X (@saffeya_ahmed), or you can follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

19. Can Bobby Jain build the next hedge fund giant?06.08.2025 (00:22:14)

    Two summers ago, hedge fund manager Bobby Jain set out with a huge goal: build a hedge fund that can rival the likes of industry giants Citadel and Millennium. But in the year since his firm started trading, Jain has found the going tough. FT hedge fund correspondents Amelia Pollard and Costas Mourselas explain what difficulties he has encountered, and whether building a true rival in this space is possible. Clip from Bloomberg TV- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading & listening:Big launch, small gains: Bobby Jain struggles to match hedge fund giantsThe next Millennium’s slow start Citadel and Millennium outshone by smaller hedge fund rivals after trade war turmoil🎧 Hedge fund pioneers face signs of a reckoning- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Amelia Pollard (@ameliajpollard), Costas Mourselas (@CostasMourselas) and Saffeya Ahmed (@saffeya-ahmed) on X, or follow Saffeya on LinkedIn for updates about the show and more.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

20. Fixable: How to bring a business back to life30.07.2025 (00:39:47)

    This week we’re sharing an episode from Fixable, a podcast from TED. In it, hear about the resurrection of Barnes & Noble. Chief revival architect and CEO James Daunt joins hosts Anne Morriss and Frances Frei to discuss the unconventional leadership strategies that helped him navigate through the pandemic and keep bookstores alive in the age of Amazon and e-books. Anne and Frances explore James’s non-hierarchical approach to team building, dive into the challenges he faced on his mission to revitalise the company, and discover the principle at the heart of his strategy. Listen to Fixable wherever you get your podcasts. Hosted on Acast. See acast.com/privacy for more information.

21. Wall Street banks and private equity’s tussle over junior talent23.07.2025 (00:23:24)

    The competition for junior talent between private equity and Wall Street banks reached a new peak this summer. That’s thanks to a controversial recruiting practice that is causing both industries to find talent earlier and earlier.Now, powerful figures such as JP Morgan Chase CEO Jamie Dimon are publicly decrying the strategy. The FT’s Wall Street editor Sujeet Indap and banking editor Ortenca Aliaj explain the origins of this friction and what it says about the future of Wall Street and private equity’s top firms. Clip from the Psaros Center for Financial Markets and Policy - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Wall Street vs private equity: can anyone stop the grad recruitment creep?Is investment banking still a jewel in Wall Street’s crown?Private equity abandons early recruiting after Jamie Dimon fightback- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Ortenca Aliaj on X (@OrtencaAl) and Bluesky (‪‬‪@ortenca.bsky.social‬), and Sujeet Indap on X (@sindap) and Bluesky (‪@sindap.bsky.social‬‪‬). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

22. Introducing Tech Tonic: The rise and fall of Trump’s tech bros22.07.2025 (00:01:01)

    Can Tim Cook save Apple from the trade war? Has Mark Zuckerberg really been a fan of Donald Trump all along? And is the bromance between Elon Musk and the president really over? In a new season of Tech Tonic, Murad Ahmed explores the relationships between Trump and some of the titans of the tech world. What is really driving those relationships, and what might they mean for the future of technology in the US and beyond?Free to read:‘He is power’: billionaires line up for Donald Trump’s inaugurationDonald Trump lashes out at Apple over plan to ship US iPhones from IndiaHow Jeff Bezos made peace with Donald TrumpWhat has Elon Musk’s Doge actually achieved?How Joel Kaplan became Mark Zuckerberg’s most trusted political fixerHow Peter Thiel and Silicon Valley funded the sudden rise of JD VanceThis season of Tech Tonic is presented by Murad Ahmed and produced by Josh Gabert-Doyon. The senior producer is Edwin Lane and the executive producer is Flo Phillips. Sound design by Breen Turner and Samantha Giovinco. Original music by Metaphor Music, Manuela Saragosa and Topher Forhecz are the FT’s acting co-heads of audio. Hosted on Acast. See acast.com/privacy for more information.

23. Inside BCG’s Gaza work scandal16.07.2025 (00:21:04)

    Top consulting firms have repeatedly found themselves facing a reputational crisis. The most recent example was in early July, when a Financial Times investigation revealed that Boston Consulting Group had modelled a plan to ‘relocate’ Palestinians from Gaza after entering into a multimillion-dollar contract to help launch an aid scheme for the enclave. In this week’s episode, the FT’s US accounting editor, Stephen Foley, explains his reporting and examines what these events say about how effective the consulting industry’s ability to avoid reputational scandals is. Clips from the UN - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:BCG modelled plan to ‘relocate’ Palestinians from GazaInside Gaza’s ‘death traps’The little-known group poised to take over Gaza’s aidBCG gets caught up in a scandal in Gaza - - - - - - - - - - - - - - - - - - - - - - - - - - Follow Stephen Foley on X (@stephenfoley) and Bluesky (‪@stephenfoleyft.bsky.social‬). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

24. A case of Schrödinger’s tariffs09.07.2025 (00:19:49)

    It’s been exactly 90 days since US President Donald Trump paused most of his ‘reciprocal’ tariffs. With just a 10 per cent blanket tariff on all imports and a higher tariff on China, economists predicted the American economy would feel the heat pretty quickly. But the sky hasn’t fallen yet – the world’s largest economy is holding strong. The FT’s US economics editor Claire Jones explains why that is and when markets may start to feel the effects of Trump’s tariffs. Clips from CBS News, CNBC, TODAY- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Donald Trump renews threat to hit trading partners with steep tariffsTariffs on household goods bring home costs of Trump’s trade warsUS tariff receipts surge in Donald Trump’s trade warUS narrows trade focus to secure deals before Donald Trump’s tariff deadline- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Claire Jones on X (@senoj_erialc) and Saffeya Ahmed on X (@saffeya_ahmed), or follow Saffeya on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

25. How oil traders called the Middle East war02.07.2025 (00:19:14)

    When Iran attacked a US airbase in Qatar – a response to strikes on its nuclear facilities – many feared a global war may be imminent. But there was one market that didn’t break a sweat: oil. It’s typically a commodity that surges at the first sight of conflict in the Middle East. This time though, oil traders bet that the conflict involving Iran, Israel and the US would be short-lived. The FT’s energy editor Malcolm Moore explains how traders called the outcome correctly. Clips from ABC News, Al Jazeera, Associated Press, CBS News, Fox 9 Minneapolis St Paul, ITV News, KTLA 5, NBC News- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:How oil traders called the Middle East conflictFuel and fury: energy becomes a Middle East battlefieldWhy oil traders are watching the Strait of HormuzWhy is the oil price not surging?- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Malcolm Moore (@MalcolmMoore) and Saffeya Ahmed on X (@saffeya_ahmed), or follow Saffeya on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.