The $30bn insurance broker deal that never came to be
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 27 July 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
The UK government will consider loosening travel restrictions for travellers from the EU and the US, Intel will change the way it names its most advanced technology and Japanese athletes are raking in the golds at the Tokyo Olympics. Plus, Ian Smith, the FT’s insurance correspondent, explains how pressure from the US Department of Justice caused the $30bn merger between Aon and Willis Towers Watson to collapse.
UK to consider relaxing travel restrictions from EU and US
https://www.ft.com/content/8f7b59c7-89b5-4ca5-a0a4-7f1355fab3e0?
Intel to drop names based on transistor size for advanced chip tech with west coast editor Richard Waters
https://www.ft.com/content/1afe75ed-7867-447d-abb8-6eea3598b029
Aon’s $30bn acquisition of Willis Towers Watson collapses, with insurance correspondent Ian Smith
https://www.ft.com/content/a6471af0-764d-49e7-87a0-dd2a2c110fd9
Tokyo Olympics Alternative medals table, with Asia business editor Leo Lewis
https://ig.ft.com/tokyo-olympics-alternative-medal-table/
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, July 27th, and this is your FT news briefing. |
| 0:08.3 | If you're double jabbed and you're a US or EU citizen, you might be able to visit the UK |
| 0:13.2 | soon without having to quarantine. Intel is hoping a rebrand will help give its chips new life, |
| 0:19.1 | and the $30 billion deal between Aeon and Willis is dead. We'll look at what's next for the |
| 0:24.4 | insurance brokers. Plus, we'll check in on Tokyo and how the hometown crowd is feeling so |
| 0:29.9 | far about hosting the Olympic Games. Just a few days of sport have really given extraordinary |
| 0:36.6 | reasons for the country to get behind its athletes and just sort of focus a bit more on sport |
| 0:41.2 | than all the other issues that are going on. I'm Mark Filipino and here's the news you need to start |
| 0:46.1 | your day. This week the British government will consider loosening up travel restrictions for US |
| 0:55.7 | and EU citizens, but only if they are fully vaccinated. If they are, they may be allowed to skip |
| 1:01.6 | having to quarantine. The move would open the door for easier travel back to Britain for expat |
| 1:07.0 | UK citizens, and it would be a boost to the tourism sector. But the looser standards wouldn't |
| 1:12.3 | be mutual. On Monday, the White House said it's keeping the travel ban put in place by former US |
| 1:17.3 | President Donald Trump in March 2020. The Biden administration said it's because of the |
| 1:22.0 | rapid spread of the Delta variant of coronavirus. |
| 1:30.2 | Semiconductor makers pride themselves in making small transistors. In fact, the smaller the |
| 1:35.2 | transistor, the better. That way, they can pack as many of them on a chip as they can. |
| 1:40.4 | Size has driven the chip industry for 60 years or so, and for most of that time, |
| 1:45.1 | America's Intel led the pack. But recently, they've fallen behind the likes of TSMC in Taiwan |
| 1:51.2 | and Samsung in South Korea. So Intel has come up with a pretty simple strategy. Let's change the way |
| 1:58.4 | we name chips so that we don't focus on size. And the FT's West Coast editor Richard Water says, |
| 2:04.4 | it's not a bad idea. Chip size doesn't mean what it used to mean. And this is where it gets |
... |
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