Rise of the Russian informer
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 11 April 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Companies on the S&P 500 index are expected to report a 6.8 per cent decline in first-quarter earnings, Eli Lilly’s CEO told the Financial Times that Europe may miss out on new drugs if it pushes ahead with legislation reducing the time period for market exclusivity, and Russians are in a new era of fear and distrust as President Vladimir Putin’s regime encourages citizens to inform on members of their community..
Mentioned in this podcast:
US companies face biggest decline in profits since Covid shutdowns
Eli Lilly warns that EU will miss out on key drugs under planned changes to rules
‘Total distrust’: rise of the Russian informers
Behind the Money: Night School
Credit: The Telegraph: Russians spit out 'scum and traitors' like flies, Putin warns West
Credit: Tupperware Brands 1961 Tupperware Commercial
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. 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 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:09.6 | Before we get to today's briefing, I want to tell you about a new series from our sister |
| 0:13.5 | podcast Behind the Money. Over the next five weeks, Behind the Money Night School, |
| 0:18.3 | your guide to the biggest economic stories of 2023. |
| 0:21.8 | FT journalists will basically give you a crash course on major developments. |
| 0:25.8 | Behind the Money Night School runs on Mondays, starting April 17th. |
| 0:29.9 | We'll have a link at the show notes so you can subscribe and see you in class. |
| 0:35.5 | Good morning from the Financial Times. Today is Tuesday, April 11th, |
| 0:39.1 | and this is your FT News Briefing. |
| 0:45.0 | Moscow is encouraging Russians to rat each other out if they see signs of wartime dissent. |
| 0:51.1 | It's a form of policing that has basically become another pillar of support for |
| 0:55.6 | the Kremlin. And an EU law in the works has big pharma fighting back. But first, |
| 1:02.0 | corporate America is bracing for tough first quarter earnings. |
| 1:06.7 | I'm Mark Filipino and here's the news you need to start your day. |
| 1:17.5 | Corporate America is facing its sharpest drop in profit since the early stages of the COVID-19 |
| 1:23.4 | pandemic. Companies in the S&P 500 index are expected to report a nearly 7% decline in first |
| 1:30.0 | quarter earnings. That compares to the more than 30% plunge in second quarter earnings when |
| 1:34.8 | COVID first hit the global economy three years ago. Forecasts now see high inflation squeezing |
| 1:41.0 | margins and fears of a recession holding back demand. Earning season kicks off this Friday |
| 1:46.8 | with big US banks reporting results. One of the world's biggest pharmaceutical companies |
| 1:56.8 | says new EU legislation may force Europeans to miss out on important new drugs. |
... |
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