CoreWeave’s takeover deal hits a speedbump
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 7 August 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
European companies are falling behind US counterparts and CoreWeave’s takeover of Core Scientific is facing some pushback. Plus, Boston Consulting Group helped create plans to relocate Gazans to Somalia, and the FT found that Iranian nuclear scientists made a covert visit to Russia last year.
Mentioned in this podcast:
European earnings lag behind US as trade war saps market revival
CoreWeave’s $9bn takeover of Core Scientific faces revolt from top shareholders
BCG consultants modelled relocating Gazans to Somalia
The covert trip by Iranian nuclear experts to Russia
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Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, and Michael Lello. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. 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 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.2 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low-carbon solutions has increased from 4% in 2020 to 27% in 2024. |
| 0:27.5 | Find out more at equinore.co.uk. |
| 0:32.3 | Good morning from the Financial Times. |
| 0:34.2 | Today is Thursday, August 7th, and this is your FT News Briefing. |
| 0:38.6 | Companies in Europe are having a hard time right now, and Corweave's deal to buy its landlord |
| 0:44.0 | is hitting some speed bumps. Plus, Iranian nuclear scientists took a covert trip to Russia |
| 0:50.4 | last year. We'll tell you what an FT investigation learned about it. |
| 0:57.2 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:10.0 | European companies are falling behind their American counterparts. |
| 1:15.1 | European stocks actually outpaced their Wall Street peers at the beginning of this year, |
| 1:22.9 | but now Bank of America found that the Stock 600 Index is on track for no earnings growth last quarter compared with a year ago. |
| 1:29.3 | Meanwhile, the members of the S&P 500 are expected to report 9% average growth year-on-year. |
| 1:35.4 | That's largely due to banger earnings from Silicon Valley's tech giants and Wall Street banks. |
| 1:41.3 | U.S. President Donald Trump's new tariff regime has been an obstacle for many European exporters, but the direct impact of the tariffs is still yet to be seen. |
| 1:52.3 | CoreWeave's deal to buy its landlord could be facing a revolt. Now, Corweave operates AI data centers, |
| 1:59.4 | and it wants to take over the AI infrastructure company |
... |
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