Kennedy injects uncertainty into big pharma
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 26 November 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
The US Department of Justice is seeking to drop two federal criminal cases against Donald Trump, and Robert F Kennedy Jr’s nomination for top health role is concerning the pharmaceutical industry. Plus, Italy’s UniCredit has launched a €10bn takeover bid for domestic rival Banco BPM, Brussels is planning to force Chinese companies to transfer intellectual property in return for EU subsidies and TikTok is creating an unlikely frontrunner in Romania’s presidential race.
Mentioned in this podcast:
US special counsel Jack Smith moves to drop criminal cases against Donald Trump
Biotechs test IPO market despite concerns over Robert Kennedy’s health role
UniCredit makes €10bn offer for Italian rival Banco BPM
EU to demand technology transfers from Chinese companies
How a pro-Putin TikTok star topped Romania’s presidential poll
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song 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 | We're Equinor, an energy company searching for better. |
| 0:03.0 | Currently, we supply 27% of the UK's gas, 15% of its oil, |
| 0:07.7 | and we're playing our part in the UK's energy transition. |
| 0:11.0 | Our wind farms power 750,000 homes, |
| 0:14.0 | and we expect that to grow to over 7 million. |
| 0:16.5 | Last year, we invested 20% of our global growth spend in renewables |
| 0:20.1 | and lower carbon solutions. |
| 0:22.0 | We plan to increase that to 50% by 2030. |
| 0:25.4 | We're an energy company searching for better. |
| 0:28.4 | equinore.co.uk. |
| 0:33.6 | Good morning from the Financial Times. |
| 0:36.2 | Today is Tuesday, November 26th, and this is your FT News Briefing. |
| 0:41.7 | Two major criminal cases against Donald Trump are ending. |
| 0:46.1 | And we look at how big pharma will fare under the incoming U.S. administration. |
| 0:51.3 | Plus, a new EU rule will allow the block to peak under the hood of Chinese |
| 0:57.6 | electric vehicles. I'm Sonia Hudson, and here's the news you need to start your day. |
| 1:20.2 | The U.S. Department of Justice is dropping two federal criminal cases against Donald Trump. |
| 1:27.4 | One accused the incoming president of interfering with the 2020 election. The other alleged that he mishandled classified documents. |
| 1:30.4 | Special counsel Jack Smith said in a court filing yesterday that continuing the cases would violate a longstanding DOJ policy against prosecuting a sitting president. |
| 1:41.8 | The filing related to the election interference charge asks for dismissal, |
| 1:46.6 | quote, without prejudice. That means the case could be refiled later. But for now, this filing |
| 1:54.3 | closes the book on an unprecedented effort to prosecute a former president. |
... |
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