Jack Dorsey exits Twitter
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 30 November 2021
⏱️ 11 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/b6aa92ea-4a07-4423-acbe-deacad5313a5
Twitter co-founder Jack Dorsey stepped down as the company’s chief executive on Monday, and an activist investor has called on commodities giant Glencore to spin off its thermal coal business. Plus, the FT’s global pharmaceutical correspondent, Hannah Kuchler, explains how Pfizer came to dominate the market for Covid jabs and what the concerns are about the company’s market power.
Activist calls on Glencore to spin off coal assets
https://www.ft.com/content/6f5a8c43-76d4-4843-a15e-47bc767ec6d8
Jack Dorsey resigns as Twitter chief executive
https://www.ft.com/content/bf45fd08-51d1-41bb-82cd-b3157a5da055
The inside story of the Pfizer vaccine: ‘a once-in-an-epoch windfall’
https://www.ft.com/content/0cea5e3f-d4c4-4ee2-961a-3aa150f388ec
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 and Michael Bruning. 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
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| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, November 30th. |
| 0:04.0 | And this is your FT News Briefing. |
| 0:09.1 | Jack Dorsey posted his final tweet as CEO of Twitter, |
| 0:12.4 | and commodities giant Glencore is under pressure to get out of its dirtiest, |
| 0:16.4 | but very profitable, thermal coal business. Plus, some say Pfizer has saved the world with its |
| 0:21.7 | COVID vaccine. A global pharmaceuticals correspondent, Henna Kushler, talks about how it got there |
| 0:27.0 | and the downside of Pfizer's dominance. Well, I think it puts them in a very powerful |
| 0:31.5 | position over things that companies don't normally have power over. |
| 0:35.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:42.7 | Glencore is under pressure to spin off its thermal coal business. |
| 0:46.8 | Activist hedge fund Bluebell Capital Partners wrote to the mining and commodities |
| 0:50.9 | trading company earlier this month in a letter seen by the FT, |
| 0:54.3 | in which Bluebell urged Glencore to chart a future without the world's most polluting fossil fuel. |
| 1:00.3 | Bluebell also urged the group to divest non-core assets and improve corporate governance. |
| 1:05.7 | Glencore is the world's biggest exporter of thermal coal, which is burned in power stations, |
| 1:11.0 | and its coal business is expected to make billions. Glencore does have a plan to close down its |
| 1:16.4 | mines over the next 30 years, but Bluebell says the strategy is morally unacceptable and financially |
| 1:22.5 | flawed. The hedge fund isn't big, but it's known to be shrewd. It's campaign at French food |
| 1:28.3 | maker, Dan and led to the ousting of the company's CEO earlier this year. |
| 1:38.0 | Jack Dorsey resigned as head of Twitter yesterday, 15 years after he co-founded it. |
| 1:43.6 | The 45-year-old said he wants the company to move on from its founders. |
| 1:47.6 | But when we look into the reporting a little bit more, one person familiar with the process said |
... |
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