Treatments for Alzheimer’s, finally
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 21 July 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
The Nasdaq Composite had its biggest one-day drop in more than four months, the winner of Thailand’s general election has been suspended from parliament, and the FT’s Clive Cookson tells us about two huge breakthroughs in the treatment of Alzheimer’s.
Mentioned in this podcast:
Nasdaq drops more than 2% after Netflix and Tesla results disappoint
Thai election winner blocked from premiership
Eli Lilly drug shown to slow Alzheimer’s progression
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Saffeya Ahmed, Monica Lopez, Katie McMurran, 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
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.3 | Good morning from the Financial Times. Today is Friday, July 21, |
| 0:14.1 | and this is your FT News Briefing. |
| 0:19.2 | Yesterday was a bad day for the NASDAQ, and a powerful political group in Thailand |
| 0:25.2 | has thrown a range in the country's democratic process. |
| 0:28.7 | Plus, we'll look at two huge breakthroughs in the treatment of Alzheimer's. |
| 0:32.9 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:42.4 | The tech-heavy NASDAQ composite had its biggest one-day drop since March on Thursday. |
| 0:47.6 | It fell a little more than 2% in New York, dragged down by Netflix and Tesla. |
| 0:52.8 | The streaming service and electric carmaker reported disappointing second-quarter earnings |
| 0:57.4 | the day before. Tesla dropped nearly 10% yesterday, Netflix fell about 8.5%. |
| 1:03.6 | It raises the question of whether the months-long rally in the tech sector is coming to an end. |
| 1:08.9 | Tech companies, especially the ones that focus on artificial intelligence, |
| 1:12.6 | have been propping up an otherwise underwhelming market. |
| 1:16.6 | We'll see more next week about how the tech sector is doing when companies including alphabet, |
| 1:21.3 | meta, and Microsoft report earnings. |
| 1:28.2 | Thailand's move forward party, when the country's general elections in May, |
| 1:33.6 | but the party leader, Peter Limjaer and Rot, was prevented from taking over his prime minister. |
| 1:39.7 | He was suspended from parliament on a technicality because he allegedly held a small number of shares |
| 1:45.2 | in a now-defunct TV station. |
| 1:48.1 | What's really going on is that the establishment in Thailand do not want the move forward party |
... |
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