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FT News Briefing

DIY gene editing

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 4 October 2021

⏱️ 12 minutes

🧾️ Download transcript

Summary

Read a transcript of this episode on FT.com

https://www.ft.com/content/fc9fe04c-96ad-4127-ac98-2fbf579c36b6


The International Monetary Fund’s board will meet this week to examine allegations that managing director Kristalina Georgieva manipulated data to favour China while she worked at the World Bank; Deutsche Bank severed relationships with “a very small number” of wealthy clients with criminal records after the arrest of disgraced financier Jeffrey Epstein; Plus, the FT’s Alphaville editor, Izabella Kaminska, talks about how the availability of gene-editing tools such as Crispr has led to an explosion of unchecked DIY experiments and dangers associated with biohacking. 


War of words escalates over China bias claims against IMF chief

https://www.ft.com/content/7fbface9-9e1c-41c4-84e9-1eb7fbb2023e


Deutsche Bank dropped risky clients after Epstein scandal

https://www.ft.com/content/28744ecd-e798-4516-b9bb-6257b37f2377


Bioterror: the dangers of garage scientists manipulating DNA

https://www.ft.com/content/9ac7f1c0-1468-4dc7-88dd-1370ead42371


The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning from the Financial Times. Today is Monday, October 4th, and this is your FT News Briefing.

0:08.4

A war of words over the IMF's managing director could come to a head this week,

0:12.8

and a top Deutsche Bank official tells the FT that good compliance can be painful for business.

0:18.8

Plus, what do you get when you combine gene editing tools like CRISPR with YouTube? A whole bunch

0:24.8

of biohackers. If you think of the mad scientist and his garage who's kind of blowing himself up,

0:30.7

guys operate off-grid because they just have a compulsion to do it.

0:35.3

Our AlphaVill editor Isabella Kaminsky met some amateur gene scientists and shares some of their

0:40.5

concerns. I'm Mark Filipino and here's the news you need to start your day.

0:49.4

The board of the International Monetary Fund will meet this week to discuss allegations

0:53.5

against the IMF's managing director. Kristalina Georgieva has been accused of manipulating data

0:59.2

to favor China while in her previous role at the World Bank. A report commissioned by the bank's

1:04.5

board found her responsible for falsifying scores in the 2018 edition of the bank's influential

1:10.1

doing business report so that China could move up in the rankings. Here's the FT's Jonathan Wheatley.

1:16.6

It has been very, very widely followed. Governments put huge pressure on the World Bank every year

1:22.4

to evaluate favourably rare attempts to reform. It's actually used an awful lot by foreign investors

1:29.4

who are thinking of investing in a country and if a country climbs up the rankings or scores very

1:33.7

well, then it is viewed as a better investment prospect for direct investment. As people I've spoken

1:40.8

to during the reporting for this story have said that billions of dollars hang on it.

1:46.0

Jonathan, what could this mean for the World Bank's reputation? I mean, the investigation was

1:49.9

done by a prominent law firm Wilmer Hale and that's a lot, right? Well, Mark, there's a lot to

1:56.1

say about that, but basically the implication, the suggestion, actually the quite compelling evidence

2:03.2

from the Wilmer Hale report is that those numbers were being manipulated. The big implication of that

...

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