Donald Trump’s new favourite billionaire
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 28 August 2025
⏱️ 11 minutes
🧾️ Download transcript
Summary
Nvidia’s earnings report signalled solid growth, cryptocurrencies are taking a hold of Venezuela’s economy, and more than half of the UK’s biggest listed companies chose external candidates as their new chief executive. Plus, SoftBank’s Masayoshi Son has become an unofficial diplomat between Washington and Tokyo.
Mentioned in this podcast:
Nvidia revenue jumps 56% on robust AI demand
How SoftBank’s Masayoshi Son became Donald Trump’s favoured foreign investor
Crypto goes mainstream in Venezuela
London’s rush for external CEO candidates shows succession planning weakness
Today’s FT News Briefing was produced by Sonja Hutson and Marc Filippino. Additional help from Blake Maples and Gavin Kallmann. 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 | 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. |
| 0:10.1 | 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 equinor.com.uk. |
| 0:32.3 | Good morning from the Financial Times. |
| 0:34.4 | Today is Thursday, August 28th. |
| 0:36.6 | And this is your FT News briefing. |
| 0:39.0 | Invidia delivered a solid earnings report. And Venezuelans are really into crypto right now. |
| 0:45.9 | Plus, SoftBanks, Masa Yoshi's son and Donald Trump are two peas in a pod. And that's good for business. |
| 0:52.9 | The two play golf together regularly, the two chat regularly. |
| 0:57.5 | Massa, as a risk taker, as a very, very wealthy man, appeals to Trump, appeals to his sensibilities. |
| 1:04.1 | I'm Mark Filipino, and here's the news you need to start your day. The tech giant at the heart of the artificial intelligence boom showed resilient growth last quarter. |
| 1:22.8 | US chip designer, NVIDIA, reported earnings yesterday. |
| 1:26.4 | The company's revenue was up 56% year-on-year |
| 1:29.5 | and slightly above estimates. And this report was a biggie for investors. They've become |
| 1:35.6 | increasingly jittery about the financial payoff of all this AI investment and excitement. |
| 1:41.3 | But even with the solid figures, investors were still nervous. The company's shares |
| 1:46.5 | fell in after-hours trading on Wednesday. |
... |
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