White House reviews TikTok deal, Nvidia’s Arm Holdings deal, VW on ‘Dieselgate’
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 15 September 2020
⏱️ 10 minutes
🧾️ Download transcript
Summary
The Trump administration will review the “technical partnership” deal struck between Oracle and ByteDance before deciding whether to approve the agreement, Nvidia’s $40bn agreed purchase of Arm Holdings gives the US company control over a technology that powers everything from mobile devices to data centres, and a Volkswagen executive claims scandals such as “Dieselgate” could no longer pass undetected at Volkswagen. Plus, the FT’s venture capital correspondent, Miles Kruppa, explains what the Trump Administration is considering as it reviews the partnership agreement between ByteDance and Oracle.
Trump administration to review Oracle’s TikTok deal this week
https://www.ft.com/content/0ccd4a25-381f-46a7-a9e6-ee12ecf1aa88
Nvidia secures control of key global tech with $40bn Arm deal
https://www.ft.com/content/5bc5d0dc-24cd-407f-9fde-0d38c157d833
Dieselgate could not happen again, VW executive claims
https://www.ft.com/content/777cee39-f811-47d5-9841-5952f9a8bab7?
Carlos Ghosn’s deputy goes on trial in Japan
https://www.ft.com/content/03d8a98b-07b1-4d33-b837-64f065446448?
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Tuesday, September 15th. |
| 0:04.0 | And this is your FT news briefing. |
| 0:07.0 | Invidia's $40 billion pickup of arm holdings |
| 0:11.0 | could mean some big changes for the chip industry. |
| 0:15.0 | And Volkswagen claims that another dieselgate scandal isn't going to happen. |
| 0:19.8 | But first, Oracle is the big winner of the Tik-Toc bidding. |
| 0:23.0 | But will the deal get the Trump administration stamp of approval? |
| 0:27.0 | I'm Mark Filipino. |
| 0:29.0 | Here's the news you need to start your day. Oracle beat Microsoft over the weekend for a steak. |
| 0:37.0 | Oracle beat Microsoft over the weekend for a stake in the bike dance owned video apps US business. |
| 0:46.0 | But there are still a few things to untangle from this agreement, including what to make of the so-called technical partnership, |
| 0:52.0 | and whether the Trump administration |
| 0:54.1 | will approve it. |
| 0:55.1 | Miles Krupa is our venture capital correspondent and he's been reporting on the |
| 0:59.2 | Tik-Toc deal. Hey Miles. |
| 1:00.5 | Hi Mark, thanks for having me. Miles, let's start with the deal itself. |
| 1:05.1 | What exactly is this technical partnership and what does it mean? |
| 1:09.5 | So the full details haven't been made public yet, but our understanding is that the goal is to |
| 1:15.5 | safeguard the US data domestically and to have Oracle B, the trusted American company that ensures that there's no data transfer over to Beijing. |
| 1:25.7 | Steve Manuchin on Monday told CMBC that part of the deal will be creating a US-based |
| 1:31.2 | headquarters for Tik-Toc that will create 20,000 jobs. |
... |
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