Binance set to buy FTX
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 9 November 2022
⏱️ 10 minutes
🧾️ Download transcript
Summary
Americans voted in crucial midterm elections yesterday, cryptocurrency exchange Binance agreed to buy rival FTX, and TikTok has slashed its worldwide revenue targets for 2022 by at least $2bn.
Mentioned in this podcast:
Midterm elections 2022: what Republicans may do with a House majority
Binance rescues crypto rival FTX
TikTok slashes revenue targets by at least $2bn
TikTok overhauls US business following advertising slump
Swamp Notes: Memo to Dems: sanctimony won’t save the republic
Uzbekistan lobbies EU to lift sanctions on oligarch
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.0 | Good morning from the Financial Times. |
| 0:11.5 | Today is Wednesday, November 9. |
| 0:13.6 | And this is your FT News Briefing. |
| 0:19.2 | Two of the biggest names in crypto are merging. |
| 0:22.1 | Our correspondent calls it an earthquake of a deal. |
| 0:25.4 | And TikTok is dealing with a slowing economy |
| 0:28.9 | and lots of workplace drama. |
| 0:31.6 | Very high turnover, constantly switching strategies, |
| 0:35.3 | leadership is changing, and it's kind of chaotic. |
| 0:40.4 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:50.9 | Americans voted yesterday in critical midterm elections. |
| 0:54.4 | We're following the results closely. |
| 0:56.8 | And we'll have a better idea of the consequences once the outcome is confirmed. |
| 1:01.4 | Our journalists will join us tomorrow and later in the week to help us understand |
| 1:05.6 | what this means for the world's biggest economy. |
| 1:08.0 | For real-time results, head to FT.com. |
| 1:10.8 | For analysis, you can read our Swamp Notes newsletter. |
| 1:13.9 | This week it's coming out every day and it's free. |
| 1:17.6 | We'll have a link to that in the show notes. |
| 1:19.9 | There was upheaval yesterday in the world of cryptocurrency. |
... |
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