The return of ‘pump and dump’ stock scams
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 22 August 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
EU officials are accelerating plans for a digital euro, and the US Department of Justice has called for Federal Reserve governor Lisa Cook to be removed from her post. Plus, investors lost billions of dollars in July in what could be pump and dump stock scams.
Mentioned in this podcast:
EU speeds up plans for digital euro after US passes stablecoin law
Justice department calls on Federal Reserve to sack governor Lisa Cook
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Today’s FT News Briefing was produced by Katya Kumkova, Sonja Hutson, and Marc Filippino. Additional help from Kelly Garry, and Gavin Kallmann. 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 solutions has increased from 4% in 2020 to 27% in 2024. |
| 0:27.5 | Find out more at equinor.com.uk. |
| 0:32.2 | Good morning from the Financial Times. |
| 0:34.2 | Today is Friday, August 22nd. |
| 0:36.2 | And this is your FT News briefing. Pump and dump |
| 0:39.7 | stock scams are on the rise. And US President Donald Trump is going after the Fed yet again. |
| 0:46.4 | Plus, the European Union is working on a digital euro. And not to be dramatic, the stakes are |
| 0:52.0 | pretty high. If there's no dominant Euro stable coin, it might mean that the dollar becomes even more |
| 0:57.4 | dominant across the world. |
| 0:59.1 | I'm Mark Filipino and here's the news you need to start your day. |
| 1:10.0 | European Union officials are changing their plan for a digital euro. That's according to people |
| 1:15.6 | familiar with the matter. The block is speeding up the timeline and considering using a public |
| 1:20.6 | blockchain. And that's because the EU is worried about competing with the U.S. now that the |
| 1:26.1 | American stable coin market is advancing. |
| 1:28.5 | It's mostly dominated by digital dollars. Here to explain the benefits and the potential risks |
| 1:33.8 | is the FT's Niku Isgari. She covers digital markets. Hey, Niku. Hi. |
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