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FT News Briefing

The weight-loss drug craze

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 9 August 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

The UK government is pushing back against an attempt by some members of the House of Lords to close loopholes in transparency legislation, US bank stocks fell after Moody’s cut the credit ratings of 10 midsized banks, and the FT’s Jamie Smyth explains the craze behind new weight-loss drugs. 


Mentioned in this podcast:

UK government resists moves to tighten corporate transparency rules

Weak bank stocks weigh on US and European markets 

Novo Nordisk’s obesity drug cuts risk of strokes and heart attacks

Orange juice futures hit record high after storms ravage Florida crop


The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. 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

The latest episode of the next five podcasts is all about financing net zero.

0:04.6

I speak to Tim Gould, Chief Energy Economist at the IEA.

0:07.6

We're up to $1.7 trillion going into clean energy transition investments this year.

0:13.1

Nick Standsbury, Head of Climate Solutions at LGIM.

0:15.6

We need to put a proper price on all greenhouse gas emissions.

0:19.6

And Eric Werners, SVP and Chief Economist are equinox.

0:23.0

We have to do these things together.

0:24.7

Industry cannot do this alone.

0:26.8

Listen to the full episode wherever you get your podcasts.

0:29.3

Enjoy.

0:32.7

Good morning from the Financial Times.

0:34.3

Today is Wednesday, August 9.

0:36.2

And this is your FT News briefing.

0:39.7

Britain is resisting moves to tighten corporate transparency rules.

0:43.7

And Moody's cut the credit ratings of some mid-sized US banks.

0:48.7

Plus, the FT's Jamie Smith explains the craze behind new weight loss drugs.

0:53.7

Analysts are saying that the combined market for these weight loss and diabetes drugs

0:58.7

could be worth up to $100 billion per year.

1:02.1

You know, that's a massive amount of money.

1:04.5

And it could really provide a gold mine for these companies.

1:08.3

I'm Mark Filipino, and here's the news you need to start your day.

1:16.1

Some members of the House of Lords are trying to close loopholes

...

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