Friday, May 24

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.4 • 1.3K Ratings

🗓️ 24 May 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Donald Trump says that Huawei could be included in a trade deal with Beijing, Facebook says it took down a record 2.2bn fake accounts in the first three months of this year and JPMorgan Chase drops its client Purdue Pharma, the OxyContin maker, which has been accused in thousands of lawsuits of fuelling the US opioid crisis. Plus, the FT’s Eric Platt explains how three Wall St banks, Morgan Stanley, Goldman Sachs and JPMorgan Chase, dominate advising on tech IPOs, and why that grip might be under threat after Uber’s listing.

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Transcript

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0:00.0	The UK's energy partner.
0:06.0	Learn more at equinore.
0:10.0	Good morning from the newsroom of the Financial Times. Today is Friday, May 24th, and this is your
0:16.1	F.T. news briefing.
0:18.4	U.S. President Donald Trump opens the door to including Huawei in a trade deal with China.
0:23.6	Facebook takes down almost as many fake accounts
0:26.9	as it has active monthly users.
0:29.2	And JPMorgan Chase drops its client Perdue Pharma, the maker of OxyContin.
0:35.0	Plus, the F.T.'s Eric Platt explains how three Wall Street Banks have developed a vice-like
0:41.0	grip on advising top technology companies and why that hold might be under threat.
0:47.0	I'm Amy Keene and here's the news you need to start your day.
0:55.0	Wawa is something that's very dangerous.
0:58.0	You look at what they've done from a security standpoint, from a military standpoint, it's very dangerous.
1:02.0	So it's possible that Huawei even would be
1:05.4	included in some kind of a trade deal if we made a deal I could imagine Huawei
1:09.6	being possibly included in some form of or some part of a trade deal.
1:15.0	That's US President Donald Trump speaking yesterday.
1:18.0	He was talking to reporters after announcing a $16 billion aid package for American farmers.
1:24.0	These farmers have been hit by the escalating tariff feud with China.
1:27.0	His comments also came as financial markets suffered another day of losses.
1:32.0	All on concerns about the effect the trade war would have
1:34.7	on company earnings.
	...

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