Friday, April 26

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 26 April 2019

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Uber lowers the price range at which it will pitch shares to investors, Amazon wants to cut shipping times to one day for its Prime members and the collapse of merger talks puts Deutsche Bank and Commerzbank in uncomfortable positions. Plus, the FT’s Ian Mount explains why a polarised Spain could face months of coalition talks following a general election this weekend.

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Transcript

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0:00.0	The F.T. News briefing is supported by Equinor. The UK's energy partner.
0:06.3	Learn more at equinor.co. UK.
0:10.0	Good morning from the Newsroom of the Financial Times.
0:12.8	Today is Friday, April 26th, and this is your FT news briefing.
0:17.8	Uber lowers its share price pitch,
0:20.7	Amazon plans to offer one day shipping, and merger talks between Germany's two largest
0:25.7	banks have fallen apart.
0:27.7	Plus, a divided Spain heads to the polls this weekend.
0:31.0	The FT's Ian Mount will tell us what to expect. I'm Mark
0:34.8	Filipino and here's the news you need to start your day. Today Uber is set to disclose key details about its highly anticipated market
0:46.1	debut, the number of shares it's planning to sell, and at what price.
0:50.2	Sources tell the FT that the Ride Sharing Service is planning to pitch investors an initial share price between $44 and $50 a piece.
0:58.0	This is lower than the $48 to $55 range that Uber previously told some investors.
1:04.5	At the revised range, Uber's IPO could give the company an initial valuation of
1:08.6	between $80 billion and $90 billion.
1:11.8	That would rank Uber as the second largest IPO by a US tech company next to Facebooks in 2012.
1:18.0	Uber and its lead underwriters, Morgan Stanley and Goldman Sachs, all declined to comment on the price range.
1:24.4	It's expected that the company will begin trading on the New York Stock Exchange in early May.
1:29.3	Amazon plans to make product shipping faster for prime customers.
1:36.0	It's betting that by offering faster delivery, it'll encourage customers to do more of their shopping on its website.
1:42.0	During the company's earnings call on
1:44.2	Thursday, the e-commerce giant says it hopes to whittle its two-day free
	...

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