The bidding war for Warner Brothers Discovery begins
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 20 November 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Nvidia grew sales of its chips even faster than Wall Street anticipated in its latest quarter, and UK inflation fell to 3.6 per cent in October. Plus, Paramount is trying to buy Warner Brothers Discovery and China’s opaque economic data is coming under scrutiny.
Mentioned in this podcast:
Nvidia reports strong growth from bumper AI chip sales
The president’s men: Ellisons’ Trump ties shape battle for Warner Bros
UK inflation falls to 3.6% in October
The growing problem with China’s unreliable numbers
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted by Marc Filippino and produced by Lucy Baldwin, Fiona Symon, Victoria Craig, Sonja Hutson Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, 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 | Good morning from The Financial Times. |
| 0:04.0 | Today is Thursday, November 20th, and this is your FT News briefing. |
| 0:08.7 | Invidia released another splashy earnings report, and the bidding war for Warner Brothers' discovery officially kicks off today. |
| 0:16.5 | Plus, critics say that China's growth numbers don't quite add up. |
| 0:20.6 | We'll explain why. |
| 0:22.4 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:33.5 | News about the AI sector has been pretty gloomy lately, but big tech investors saw a ray of sunshine yesterday. |
| 0:40.8 | Nvidia reported that sales of its chips grew even faster than Wall Street expected last quarter, |
| 0:45.5 | and its revenue forecast for the current quarter was well above estimates. |
| 0:50.8 | Nvidia's shares were higher in after-hours trading. |
| 0:53.6 | They were down 11% from their peak in early November before the earnings report came out. |
| 0:59.0 | Nvidia's results are a bellwether for the health of the AI sector. That's because its advanced chips power important models like ChatGPT. |
| 1:07.0 | The earnings report could help soothe investor worries about massive valuations of big U.S. tech |
| 1:12.4 | groups and all the money those companies are spending on chips and data centers. |
| 1:23.0 | For the fourth time since September, Paramount's chief executive David Ellison is making a bid to buy Warner Brothers Discovery. |
| 1:30.8 | But this time, he has some competition. |
| 1:33.5 | And this bidding war has been described as Paramounts to lose. |
| 1:37.8 | Here to tell us more as the FTs James Fontenella Khan, our U.S. Finance editor. |
| 1:41.7 | Hey, James. |
| 1:42.7 | Hi, Mark. |
| 1:44.1 | James, can you tell us a little bit about |
| 1:45.9 | David Ellison's backstory when it comes to bidding for Warner Brothers Discovery? |
... |
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