US companies love AI. But can’t say why
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 24 September 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
The boss of Eli Lilly has branded the UK “probably the worst country in Europe” for drug prices, US President Donald Trump hit out at the UN at a speech at the global body’s General Assembly, and the Federal Reserve has scope to cut interest rates another three times, the OECD has said. Plus, the biggest US-listed companies keep talking about artificial intelligence, but few appear to be able to describe how the technology is changing their businesses for the better.
Mentioned in this podcast:
Eli Lilly boss brands UK ‘worst country in Europe’ for cheap drug prices
Can the UN save itself from irrelevance?
Federal Reserve has room for three more rate cuts as US growth slows, says OECD
UK set for highest inflation in G7, says OECD
America’s top companies keep talking about AI — but can’t explain the upsides
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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. |
| 0:10.1 | 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. Today is Wednesday, September 24th. And this is your FT News briefing. |
| 0:38.7 | Eli Lilly is frustrated with the UK's cheap drug prices. And Donald Trump had some choice |
| 0:44.1 | words for the UN yesterday. Plus, American companies are in love with artificial intelligence, |
| 0:50.0 | but it turns out a lot of them don't really know why. They had this fear of missing out, |
| 0:55.9 | but none of them could really underline or tell us how they're using it. |
| 1:00.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 1:14.4 | The head of Eli Lilly has branded the UK as, quote, |
| 1:17.6 | probably the worst country in Europe for drug prices. |
| 1:18.5 | Ouch. |
| 1:21.2 | CEO Dave Ricks told the F.T. |
| 1:25.5 | that Britain would miss out on new drugs if it doesn't start charging more for them. He also said the country should get rid of a controversial rebate scheme that it's costing |
| 1:30.0 | farmer groups a lot of money. |
| 1:32.2 | Pharmaceutical companies have been pressuring the government to restart negotiations over |
| 1:35.9 | that program. |
... |
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