Friday, March 20
FT News Briefing20 Maalis 2020

Friday, March 20

Republicans in the US Senate have introduced legislation to inject more than $1tn of fiscal stimulus into the economy as it grapples with the coronavirus outbreak. Sir Paul Tucker, the former deputy governor of the Bank of England and current chair of the Systemic Risk Council, says it’s time for policymakers and bankers to prepare for a wartime setting if conditions deteriorate. Plus, the only US drugmaker that makes a potential treatment for the coronavirus raised the price nearly 100 per cent in January as the outbreak wreaked havoc in China.

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Jaksot(2099)

Novo Nordisk hits back at copycat drugs

Novo Nordisk hits back at copycat drugs

Gilts rebounded from earlier losses on Monday afternoon, and Novo Nordisk is suing US telehealth company Hims & Hers over ‘knock-off’ versions of its weight-loss drugs. Plus, France’s central bank chi...

10 Helmi 11min

Pressure mounts on Starmer even as top aide resigns

Pressure mounts on Starmer even as top aide resigns

UK Prime Minister Sir Keir Starmer’s chief of staff resigned amid controversy over the Mandelson scandal, and Japan’s conservative governing party have won a landslide victory in snap elections. Plus,...

9 Helmi 12min

A crunchy week for chipmakers

A crunchy week for chipmakers

Amazon’s new AI spending blitz sent shares tumbling, chipmakers got swept up in a wider tech equities sell-off, Sir Keir Starmer has apologised to the victims of Jeffrey Epstein for appointing Peter M...

6 Helmi 12min

Jeffrey Epstein’s web of influence

Jeffrey Epstein’s web of influence

Google said it plans to spend at least $55bn more on capital expenditure this year than Wall Street had forecast, US tech stocks were hit by a fresh wave of selling on Wednesday, and the FT’s Chris Co...

5 Helmi 12min

The Muskverse enters a new era

The Muskverse enters a new era

US tech stocks fell on Tuesday over AI concerns, Elon Musk is charting a new path for his “Muskverse” of companies, and the US military shot down an Iranian drone as Middle East tensions escalate. Plu...

4 Helmi 11min

Who will be Disney’s next CEO?

Who will be Disney’s next CEO?

France has adopted a deficit-cutting budget for 2026 after months of political wrangling, and the FT’s Christopher Grimes tells us about the front runner to be Disney’s next CEO. Plus, US President Do...

3 Helmi 11min

What would Kevin Warsh’s Federal Reserve look like?

What would Kevin Warsh’s Federal Reserve look like?

Europe’s largest oil companies are poised to curb share buybacks, and Kevin Warsh’s nomination to Fed chair could spark a rethink of how America’s central bank works. Plus, consumer giants deal with b...

2 Helmi 12min

Blackstone lines up huge IPO pipeline

Blackstone lines up huge IPO pipeline

Apple reported a blockbuster rise in revenue last quarter, and Blackstone is preparing to take a series of long-held investments public. Plus, Canada’s oil industry is thriving as it pushes into Asian...

30 Tammi 11min

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