Brussels sprouts critical minerals plan
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 19 November 2025
⏱️ 10 minutes
🧾️ Download transcript
Summary
Meta has won the antitrust case that threatened to break it apart, the EU plans to create a central body to co-ordinate the purchasing and stockpiling of critical minerals. Plus, US tech stocks sold off on Tuesday as worries mounted over high valuations for artificial intelligence companies, and activist hedge fund Elliott Management has built a large stake in Barrick Mining.
Mentioned in this podcast:
Meta wins US case that threatened split with WhatsApp and Instagram
Brussels plans minerals stockpile centre to stop US snapping up supplies
US tech stocks dip as traders fret over ‘frothy’
AI valuations Elliott builds stake in gold miner Barrick
Today’s FT News Briefing was produced by Fiona Symon and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music 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 | Good morning from the Financial Times. |
| 0:04.1 | Today is Wednesday, November 19th, and this is your FT News briefing. |
| 0:08.7 | Meta notched a significant legal W yesterday, and the European Union is trying to play catch-up with critical minerals. |
| 0:16.3 | Plus, Elliott Management sees a golden opportunity with barrack mining. |
| 0:21.3 | Yeah, we'll get there, I promise. |
| 0:23.9 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:35.0 | Meta does not hold an illegal monopoly. |
| 0:38.1 | That's what a U.S. judge ruled yesterday. |
| 0:40.4 | The Federal Trade Commission brought an antitrust case against Meta back in 2020. |
| 0:44.1 | The agency wanted the company to unwind its acquisitions of Instagram and WhatsApp. |
| 0:49.8 | But Judge James Bosberg said that the FTC failed to sufficiently prove that META gained monopoly power through a, quote, buy or bury strategy. |
| 0:59.2 | Meta argued, hey, of course we compete. |
| 1:01.2 | Rivals like TikTok and YouTube are vying for eyeballs, too. |
| 1:04.7 | Meta share price jumped after the ruling was announced, but still ended the day down nearly three-quarters of a percent. |
| 1:17.1 | Thank you. announced, but still ended the day down nearly three-quarters of a percent. Critical minerals that are used in things like magnets and batteries are now a source of tension |
| 1:21.4 | in the U.S.-China trade war, and the availability of these minerals, or, you know, lack thereof, |
| 1:26.8 | I guess, has now put a strain on the European Union, too. |
| 1:30.9 | So, the Block is taking measures in order to not be left out in the cold. |
| 1:35.1 | The F.T.'s Alice Hancock spoke to the EU's Executive Vice Chair of Industrial Strategy, and she joins me now. |
| 1:40.8 | Hi, Alice. |
| 1:41.8 | Hi, Alice. You spoke to Stefan Cisjnay about the Block's plan for critical minerals. |
| 1:48.7 | What did he have to say? |
... |
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