We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas,

15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested

20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power

750,000 homes,

and we expect this to grow to over 7 million UK households.

We're an energy company searching for better.

Equinor.com.uk.

Hey, listeners, it's Mark Filipino.

I'm jumping on to tell you two things.

First is that we have a very special treat for you today.

This week, I was in London at the podcast show festival where I recorded a live episode with two of our favorite guests from the FT.

That live show is what you're going to be hearing today. And the other thing is that you've got to

subscribe to our brand new Swamp Notes feed wherever you get your podcasts. We'll be dropping new episodes

here for a couple of more weeks, but the way to keep listening to Swamp Notes is to sign up for

this new feed. We're going to have a link to that in the show notes. Okay, enjoy the show.

We are now more than four months into President Donald Trump's second term.

It's not a neat landmark like 100 days, but it's a good time to look back because the last

three weeks have brought us some relative calm.

We have answered some questions like, will the U.S. find a way to negotiate with China?

For now, yes.

Will the markets rebound after the initial, quote unquote, liberation day tariffs?

For now, yes.

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