CoreWeave reported a 420% rise in revenue in its first quarter as a listed company, the furious rally in US assets has caught big investors off guard, and Nvidia is seeking to build a research and development centre in Shanghai. Plus, the Kurdistan Workers’ party, the militant group that has been in conflict with the Turkish state for more than 40 years, said it would disband.

Mentioned in this podcast:

CoreWeave beats estimates in first results as a listed company

Wall Street’s sudden rebound catches investors ‘offside’

Nvidia plans Shanghai research centre in effort to redesign chips for China

Kurdish militant group PKK says it will disband and end Turkey conflict

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Sam Giovinco, and Michael Lello. 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

Hosted on Acast. See acast.com/privacy for more information.

The White House unveiled what it says is $600bn worth of defence and artificial intelligence deals with Saudi Arabia, UnitedHealth Group shares sink to the lowest level in more than four years, and US inflation fell to 2.3 per cent in April. Plus, Nissan plans to axe 15 per cent of its global workforce and almost halve its number of plants.

Mentioned in this podcast:

Donald Trump lauds Saudi Arabia as he unveils AI and defence deals

UnitedHealth chief Andrew Witty steps down as shares plunge

US inflation falls to 2.3% in April as tariff effect looms

Nissan to axe 15% of global workforce and almost halve number of plants

Today’s FT News Briefing was produced by Sonja Hutson, Kasia Broussalian, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s co-head of audio. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Global stocks surged after the US and China slashed tariffs for 90 days, and Brussels is preparing to use capital controls and tariffs against Russia. Plus, OpenAI and Microsoft are rewriting the terms of their multibillion-dollar partnership in a high-stakes negotiation.

Mentioned in this podcast:

Who blinked first? How the US and China broke their trade deadlock

Wall Street stocks soar on US-China tariff reprieve

EU readies capital controls and tariffs to safeguard Russia sanctions

OpenAI negotiates with Microsoft to unlock new funding and future IPO

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Simon Panayi, Breen Turner, Sam Giovinco, 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

Hosted on Acast. See acast.com/privacy for more information.