Spotify has its leadership on shuffle mode 🔀
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 1 October 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
The US government has shut down after Democrats and Republicans failed to agree on a spending deal before the October 1 deadline, and Sir Keir Starmer has tried to revive his floundering premiership by urging his Labour party to launch a “patriotic” fight against Nigel Farage’s Reform UK. Plus, US President Donald Trump is launching a direct-to-consumer drug sales programme, and Spotify is appointing co-CEOs to replace Daniel Ek.
Mentioned in this podcast:
Donald Trump announces direct-to-consumer ‘TrumpRx’ drug sales programme
What happens if the US government shuts down?
Starmer urges Labour to launch ‘patriotic’ fight against Reform
Spotify CEO Daniel Ek to step down as music streamer splits role
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Today’s FT News Briefing was produced by Fiona Symon, Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music 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 | For over 40 years, Equinoor has been an energy partner to the UK. |
| 0:04.1 | During that time, we've played our part in the switch from coal to gas, |
| 0:07.1 | and we're working hard to help the UK's energy transition. |
| 0:10.2 | We may not have all the answers yet, but we're determined to find them. |
| 0:13.5 | Equinor, an energy company, searching for better. |
| 0:16.9 | 99.6% of Equinor's energy output is oil and gas. |
| 0:20.5 | Our investment in renewables and low carbon |
| 0:22.4 | solutions has increased from 4% in 2020 to 27% in 2024. Find out more at equinor.com. |
| 0:32.1 | Good morning from the Financial Times. Today is Wednesday, October 1st, and this is your FT News Briefing. |
| 0:38.4 | The OS government has been shut down, and UK Prime Minister Kier Starmar set out to unify his party yesterday. |
| 0:46.4 | Plus, Spotify founder Daniel Eck is no longer the CEO. We'll talk about what's next for the audio streaming giant. |
| 0:53.9 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:05.1 | Democrats and Republicans could not agree on a deal to fund the U.S. government before last night's deadline, and at one |
| 1:12.2 | minute past midnight on Wednesday, the U.S. had its first government shut down in nearly seven years. |
| 1:19.8 | Democrats refused to sign off on the deal proposed by Republican lawmakers. It would have kept |
| 1:24.8 | federal funding at current levels until November 21st. |
| 1:28.4 | Democrats said that any deal should include a permanent extension of health insurance |
| 1:32.7 | subsidies that are set to expire at the end of the year. |
| 1:35.8 | Now, with the government shut down, all, quote, non-essential functions will stop. |
| 1:41.1 | That includes the Bureau of Labor Statistics. |
| 1:44.1 | It's expected to delay the release of |
| 1:45.9 | crucial economic data like the September jobs report. Now, past shutdowns force the furlowing |
... |
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