Big tech continues to rock

Meta will reward shareholders with its first-ever dividend and an additional $50bn in share buybacks, US President Joe Biden has approved financial sanctions on Israelis in the West Bank, and Tesla chief executive Elon Musk is hitting back after a Delaware court struck down his $56bn pay package. Plus, the EU has agreed a deal on a €50bn financial support package for Ukraine.

Mentioned in this podcast:

EU agrees €50bn support package for Ukraine

US to put sanctions on Israeli settlers responsible for West Bank violence

Tesla shareholders will vote on moving incorporation to Texas, says Elon Musk

What the $56bn Tesla pay deal setback means for Elon Musk and his empire

Formula One’s Lewis Hamilton to join Ferrari from Mercedes

Meta dividend signals 'coming of age' for Mark Zuckerbergs company

CREDIT: Formula 1

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

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