The world’s biggest direct carbon capture plant
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 9 September 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/7344543b-aefa-4715-8494-7c92e1e531f2
A court heard opening arguments in the case against the founder of the failed blood-testing technology start-up Theranos, Janet Yellen has warned that the US Treasury could run out of cash next month, and PayPal has acquired the Tokyo-based buy now, pay later company, Paidy. Plus, the FT’s environment and clean energy correspondent, Leslie Hook, explains how the world’s largest CO2 direct capture plant works.
‘Failure is not a crime,’ Theranos founder’s lawyers tell jury
https://www.ft.com/content/b7462815-f022-4e11-a3fd-a7845b1191a2
Janet Yellen warns US Treasury risks running out of cash in October
https://www.ft.com/content/4433d8ef-7d18-4c07-ba08-7f05fcbdb0b8
PayPal to acquire buy now, pay later provider Paidy for $2.7bn
https://www.ft.com/content/cdeccd3c-fe41-4228-ad11-9efc6f5c9d2d
World’s biggest ‘direct air capture’ plant starts pulling in CO2
https://www.ft.com/content/8a942e30-0428-4567-8a6c-dc704ba3460a
EY will invest $2bn to improve audits after series of scandals
https://www.ft.com/content/737dd635-dba2-49d7-bcdd-34f467b218ea?
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. 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 Thursday, September 9th, |
| 0:03.7 | and this is your FT News Briefing. |
| 0:08.9 | Janet Yellen warned that the U.S. Treasury could run out of cash next month, |
| 0:13.5 | and PayPal is building up its by-now-paid later business. |
| 0:17.2 | Defense lawyers for a Theranos founder Elizabeth Holmes said failing to build up a business |
| 0:21.7 | isn't a crime, plus yesterday was the opening day for the world's largest facility |
| 0:26.9 | built to suck carbon dioxide right out of the air. |
| 0:30.0 | Ever wondered what that looks like? |
| 0:31.8 | What you would see is kind of like a wall of dozens of fans spinning, |
| 0:36.5 | and that's it. It just looks like this magic black box. |
| 0:39.8 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:49.6 | Yesterday was the opening salvo in a closely watched Silicon Valley trial involving failed |
| 0:55.2 | blood testing startup Theranos, a company once valued at $9 billion. |
| 1:00.8 | Its founder Elizabeth Holmes is facing charges of wire fraud and conspiracy to commit wire fraud. |
| 1:06.4 | Her lawyers told the federal judge that Holmes failure to build her startup into a viable business |
| 1:11.3 | was not a crime. Prosecutors alleged that Holmes and a former Theranos president |
| 1:16.6 | falsely promoted the company's finances, and its technology, despite knowing it had issues with |
| 1:22.0 | reliability. A lot of people will be watching this trial, which is expected to scrutinize Silicon |
| 1:27.2 | Valley's promotional culture and Holmes's mental state. |
| 1:36.1 | The online payments giant PayPal is spending $2.7 billion to buy a Japanese group called |
| 1:42.6 | PADY. It specializes in the growing field of buy now pay later technology. |
| 1:47.4 | You may have noticed this option when you're checking out online. |
... |
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