US sues to block drug merger
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 17 May 2023
⏱️ 11 minutes
🧾️ Download transcript
Summary
The Federal Trade Commission sued to block the biotechnology company Amgen’s $28.3bn deal to acquire Horizon Therapeutics, Italy is struggling to spend €200bn in EU Covid recovery funds, and Ukraine said it repelled an unprecedented barrage of Russian missiles over Kyiv.
Mentioned in this podcast:
FTC warns of ‘rampant’ pharma consolidation as it targets $28bn Amgen deal
Italy overhauls plans for €200bn in EU Covid recovery funds
Ukraine says it repelled ‘exceptional’ barrage of Russian missiles
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by 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 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 at Equino. |
| 0:23.0 | We have to do these things together. |
| 0:24.7 | Industry cannot do this alone. |
| 0:26.9 | Listen to the full episode wherever you get your podcasts. |
| 0:29.3 | Enjoy. |
| 0:30.6 | Good morning from the Financial Times. |
| 0:32.2 | Today is Wednesday, May 17th. |
| 0:34.4 | This is your FT News briefing. |
| 0:39.4 | US regulators are trying to stop a big drug industry merger. |
| 0:43.6 | Keve says it's blocked a Russian hypersonic missile attack. |
| 0:47.6 | And Italy can't come up with a plan to spend 200 billion euros in COVID recovery funds. |
| 0:53.6 | Part of the problem is with some of the spending proposals. |
| 0:56.6 | There is a town that wants 100,000 euros or a little more to build a new |
| 1:02.6 | nativacy scene that they can put out at Christmas. |
| 1:06.8 | Our Rome correspondent will tell us what's at stake if Italy can't meet the deadline. |
| 1:11.8 | I'm Mark Filipino and here's the news you need to start your day. |
| 1:20.7 | Shares in two big US pharmaceutical companies fell yesterday. |
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