The challenge to Delaware’s corporate dominance
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 29 May 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
A US court invalidated President Donald Trump’s “liberation day” tariff scheme yesterday. Nvidia reported a nearly 70 per cent surge in quarterly revenues, and the US has said it will not renew Chevron’s oil licence in Venezuela. Plus, Texas and Nevada are seeking to challenge the dominance of Delaware with company-friendly law.
Mentioned in this podcast:
US trade court invalidates Donald Trump’s reciprocal tariffs
Nvidia quarterly revenue surges nearly 70% on AI boom
US government will not renew Chevron’s Venezuela oil licence
Texas vs Nevada — the battle to woo companies is heating up
Today’s FT News Briefing was produced by Sonja Hutson, Henry Larson and Marc Filippino. Additional help from Blake Maples and Michael Lello. Topher Forhecz is the FT’s acting co-head of audio. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We're Equinor, an energy company searching for better. Currently, we supply 27% of the UK's gas, |
| 0:07.0 | 15% of its oil, and we're playing our part in the UK's energy transition. In 2023, we invested |
| 0:14.1 | 20% of our global gross spend in renewables and lower carbon solutions. Today, our wind farms power |
| 0:20.0 | 750,000 homes, and we expect this to grow to |
| 0:23.3 | over 7 million UK households. We're an energy company searching for better. Equinor.com. |
| 0:29.0 | UK. |
| 0:32.2 | Good morning from the Financial Times. Today is Thursday, May 29th, and this is your FT News briefing. |
| 0:38.9 | NVIDIA is still riding high on the AI wave, and the Trump administration is playing rough |
| 0:44.2 | with Venezuela. Plus, Delaware was the spot for companies to incorporate. Now, Nevada and Texas |
| 0:51.7 | are challenging that. I'm Mark Filipino, and here's the news you need to start your day. |
| 1:02.4 | A U.S. Court invalidated President Donald Trump's so-called Liberation Day tariff scheme yesterday. |
| 1:08.2 | The move could throw Trump's global trade policy into disarray. |
| 1:12.0 | The U.S. Court of International Trade found that the president did not have the power to introduce |
| 1:16.7 | the levies using emergency economic powers legislation. Trump cited that legislation when |
| 1:22.2 | imposing the sweeping tariffs on countries around the world last month. A White House spokesperson defended using the |
| 1:28.7 | emergency powers, the Trump administration says it will appeal the ruling. |
| 1:38.5 | The Trump administration said this week that it will not renew Chevron's oil license in Venezuela, |
| 1:45.4 | which means the company can no longer produce oil in the country. The announcement by the U.S. State Department |
| 1:50.3 | complicates an increasingly tense relationship between Washington and Caracas. Here to talk about |
| 1:56.1 | it is the FTs Washington Bureau Chief James Politi. Hey, James. Hey, Mark. |
| 2:01.8 | So bring us up to speed. |
| 2:05.0 | Why is Chevron's presence in Venezuela kind of a sticky situation? |
... |
Transcript will be available on the free plan in 8 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.