<description>&lt;p&gt;Tim Cook will step down as Apple’s chief executive in September,&lt;strong&gt; &lt;/strong&gt;representatives for US President Donald Trump’s ‘Board of Peace’ held discussions with DP World about managing supply chains in Gaza, and UK Prime Minister Keir Starmer fended off calls for him to quit over the Peter Mandelson vetting affair. Plus, wealth advisers at banks and independent brokerages generated billions of dollars in fees by steering individual investors into private market funds.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/5b5a466c-fc48-429d-b505-2c81d87e3615?accessToken=zwAAAZ5HLvBgkc9bWkZs_EhCndO1BSyB2H42FQE.MEQCID6nfSICeCV7Db4Lps_9u3kkzro1xhdRjBw2rB74MliYAiBmproA3H2sk71kndQg4Hjt63EP_-dfrhEbJFdrEGgjOg&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Tim Cook to step aside as Apple chief executive in September&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/873b866b-fd17-426d-8cb1-a34566e2e1d4?accessToken=zwAAAZ5Gt0GflNOhHXWoWIVNZdOXwQyrhfffTdOfjQHdTvhHXtOLdpyw4yX7YNONYqdNd9BNyNOo8TI0fvTy3tOHO4Zr_RdCbdOMsaNFZuLh1AE.MEQCIEjdcKeQVRcpBHarSG2YO2JJz_k3Bq1PXl6HO5-LDFvmAiB1ir6wRQfjgH9hFsn5YEB9zKE4DPk5Rwpgmp3LOGz6Wg&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Donald Trump’s ‘Board of Peace’ held talks with DP World over Gaza reconstruction&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/8d62a74d-77d0-4dc8-a8f1-32347ef4f2de?accessToken=zwAAAZ5Gt0GflNOhHXWoWIVNZdOXwQyrhfffTdOfjQHdTvhHXtOLdpyw4yX7YNONYqdNd9BNyNOo8TI0fvTy3tOHO4Zr_RdCbdOMsaNFZuLh1AE.MEQCIEjdcKeQVRcpBHarSG2YO2JJz_k3Bq1PXl6HO5-LDFvmAiB1ir6wRQfjgH9hFsn5YEB9zKE4DPk5Rwpgmp3LOGz6Wg&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Keir Starmer accused of scapegoating officials over Peter Mandelson scandal&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/9f8d01dd-4ef8-475e-8b76-9cb0e325fb60?accessToken=zwAAAZ5Gt0GflNOhHXWoWIVNZdOXwQyrhfffTdOfjQHdTvhHXtOLdpyw4yX7YNONYqdNd9BNyNOo8TI0fvTy3tOHO4Zr_RdCbdOMsaNFZuLh1AE.MEQCIEjdcKeQVRcpBHarSG2YO2JJz_k3Bq1PXl6HO5-LDFvmAiB1ir6wRQfjgH9hFsn5YEB9zKE4DPk5Rwpgmp3LOGz6Wg&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Keir Starmer was told to vet Peter Mandelson before appointing him&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/dbc5aac7-fbfd-466a-aa46-bc562f249cec?accessToken=zwAAAZ5GuRzikdPbxarH-_1GatOqRrxWLySc7AE.MEUCIQDshCJZyOMcZ0GWPYtTMbgm4Qq0Wj_GxToF9xPq2de9gAIgUeP_NEXrNR1_Z1qSE6LG9kD02tc4fXGi29FkTeX0zlI&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Wealth advisers made more than $2bn from private capital fees&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/a11d75a8-5885-4d65-97c1-0cab85f7df4d?accessToken=zwAAAZ5Gt0GflNOhHXWoWIVNZdOXwQyrhfffTdOfjQHdTvhHXtOLdpyw4yX7YNONYqdNd9BNyNOo8TI0fvTy3tOHO4Zr_RdCbdOMsaNFZuLh1AE.MEQCIEjdcKeQVRcpBHarSG2YO2JJz_k3Bq1PXl6HO5-LDFvmAiB1ir6wRQfjgH9hFsn5YEB9zKE4DPk5Rwpgmp3LOGz6Wg&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Kevin Warsh: Trump’s next fall guy at the Fed?&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Credit: UK Parliament&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Note: The FT does not use generative AI to voice its podcasts&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Today’s FT News Briefing was hosted and edited by &lt;a href="https://www.ft.com/marc-filippino" rel="noopener noreferrer" target="_blank"&gt;Marc Filippino&lt;/a&gt;, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/207006bb-8523-4718-8395-efe095aa694b" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

UK prime minister accused of scapegoating officials over Peter Mandelson appointment

Tim Cook will step down as Apple’s chief executive in September, representatives for US President Donald Trump’s ‘Board of Peace’ held discussions with DP World about managing supply chains in Gaza, and UK Prime Minister Keir Starmer fended off calls for him to quit over the Peter Mandelson vetting affair. Plus, wealth advisers at banks and independent brokerages generated billions of dollars in fees by steering individual investors into private market funds. Mentioned in this podcast:<a href="https://www.ft.com/content/5b5a466c-fc48-429d-b505-2c81d87e3615?accessToken=zwAAAZ5HLvBgkc9bWkZs_EhCndO1BSyB2H42FQE.MEQCID6nfSICeCV7Db4Lps_9u3kkzro1xhdRjBw2rB74MliYAiBmproA3H2sk71kndQg4Hjt63EP_-dfrhEbJFdrEGgjOg&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Tim Cook to step aside as Apple chief executive in September</a><a href="https://www.ft.com/content/873b866b-fd17-426d-8cb1-a34566e2e1d4?accessToken=zwAAAZ5Gt0GflNOhHXWoWIVNZdOXwQyrhfffTdOfjQHdTvhHXtOLdpyw4yX7YNONYqdNd9BNyNOo8TI0fvTy3tOHO4Zr_RdCbdOMsaNFZuLh1AE.MEQCIEjdcKeQVRcpBHarSG2YO2JJz_k3Bq1PXl6HO5-LDFvmAiB1ir6wRQfjgH9hFsn5YEB9zKE4DPk5Rwpgmp3LOGz6Wg&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Donald Trump’s ‘Board of Peace’ held talks with DP World over Gaza reconstruction</a><a href="https://www.ft.com/content/8d62a74d-77d0-4dc8-a8f1-32347ef4f2de?accessToken=zwAAAZ5Gt0GflNOhHXWoWIVNZdOXwQyrhfffTdOfjQHdTvhHXtOLdpyw4yX7YNONYqdNd9BNyNOo8TI0fvTy3tOHO4Zr_RdCbdOMsaNFZuLh1AE.MEQCIEjdcKeQVRcpBHarSG2YO2JJz_k3Bq1PXl6HO5-LDFvmAiB1ir6wRQfjgH9hFsn5YEB9zKE4DPk5Rwpgmp3LOGz6Wg&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Keir Starmer accused of scapegoating officials over Peter Mandelson scandal</a><a href="https://www.ft.com/content/9f8d01dd-4ef8-475e-8b76-9cb0e325fb60?accessToken=zwAAAZ5Gt0GflNOhHXWoWIVNZdOXwQyrhfffTdOfjQHdTvhHXtOLdpyw4yX7YNONYqdNd9BNyNOo8TI0fvTy3tOHO4Zr_RdCbdOMsaNFZuLh1AE.MEQCIEjdcKeQVRcpBHarSG2YO2JJz_k3Bq1PXl6HO5-LDFvmAiB1ir6wRQfjgH9hFsn5YEB9zKE4DPk5Rwpgmp3LOGz6Wg&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Keir Starmer was told to vet Peter Mandelson before appointing him</a><a href="https://www.ft.com/content/dbc5aac7-fbfd-466a-aa46-bc562f249cec?accessToken=zwAAAZ5GuRzikdPbxarH-_1GatOqRrxWLySc7AE.MEUCIQDshCJZyOMcZ0GWPYtTMbgm4Qq0Wj_GxToF9xPq2de9gAIgUeP_NEXrNR1_Z1qSE6LG9kD02tc4fXGi29FkTeX0zlI&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Wealth advisers made more than $2bn from private capital fees</a><a href="https://www.ft.com/content/a11d75a8-5885-4d65-97c1-0cab85f7df4d?accessToken=zwAAAZ5Gt0GflNOhHXWoWIVNZdOXwQyrhfffTdOfjQHdTvhHXtOLdpyw4yX7YNONYqdNd9BNyNOo8TI0fvTy3tOHO4Zr_RdCbdOMsaNFZuLh1AE.MEQCIEjdcKeQVRcpBHarSG2YO2JJz_k3Bq1PXl6HO5-LDFvmAiB1ir6wRQfjgH9hFsn5YEB9zKE4DPk5Rwpgmp3LOGz6Wg&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Kevin Warsh: Trump’s next fall guy at the Fed?</a>Credit: UK Parliament&nbsp; Note: The FT does not use generative AI to voice its podcasts&nbsp; Today’s FT News Briefing was hosted and edited by <a href="https://www.ft.com/marc-filippino" rel="noopener noreferrer" target="_blank">Marc Filippino</a>, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. <a href="https://www.ft.com/content/207006bb-8523-4718-8395-efe095aa694b" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

MPs chastise Starmer over Mandelson scandal

<description>&lt;p&gt;US President&lt;strong&gt; &lt;/strong&gt;Donald Trump said he’s sending senior officials to Pakistan for new negotiations with Iran, the European Commission will encourage remote working and public transport subsidies to cut fossil fuel use, and FTSE 100 companies boosted chief executives’ pay by almost a fifth in the past year. Plus, there’s a new craze hitting Wall Street: super-charged tax-loss harvesting.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/0e51cdea-99df-4913-8c71-03396c4a6faf?accessToken=zwAAAZ5BUx4dkc8OUc3qmd9JE9OMcQM5bEpvrwE.MEQCIGGneQPOoASNcld5f1gUB_FrPl6BcqiMEmRqBBgfdmAKAiAx6tcYWjfWf0mZ0Kwh1Tu-tbIKtfu3Tq_DeNUpEW3tFQ&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Donald Trump to send US officials to Pakistan for fresh peace talks with Iran&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/bbc9c31e-cc43-41a6-8fb7-057d44b25a21?accessToken=zwAAAZ5AidDTk9O7ycMezENBptOPtwV9RLJaIdPbxarH-_1GatOqRrxWLySc7M9HTw3bua1NCdOJ5pKN2Yp2UAE.MEQCIDJJXNpBw7wBtFxpakDfBTBKcWW6diZKXoaf8LgGy3NiAiALsyEEd5fbkv_0Ioy8ImG_UMTr220dRrk-NnZ2AUA9MA&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Brussels pushes remote working to ease energy crisis&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/474f0ddb-b9ad-4d09-89e6-928dd98a7650?accessToken=zwAAAZ5AidDTk9O7ycMezENBptOPtwV9RLJaIdPbxarH-_1GatOqRrxWLySc7M9HTw3bua1NCdOJ5pKN2Yp2UAE.MEQCIDJJXNpBw7wBtFxpakDfBTBKcWW6diZKXoaf8LgGy3NiAiALsyEEd5fbkv_0Ioy8ImG_UMTr220dRrk-NnZ2AUA9MA&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;FTSE bosses receive 18% pay bump this year in global fight for talent&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/fad9d0ca-0b7a-4c22-8cfe-fb26fea9219b?accessToken=zwAAAZ5AkEbMkdP62dDKC3pMItOM_vsm_qkhmwE.MEYCIQDWqqkGXaHMQusghpYscvYHfMYTjzugQFx7Fl3yg0_m2AIhAKsWDdSqa2oYzSg0af_VQ7dVfT1iLtVcG6EMHBt6WyXB&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;The tax-focused hedge fund craze taking over Wall Street&lt;/a&gt;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Note: The FT does not use generative AI to voice its podcasts&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Today’s FT News Briefing was hosted by &lt;a href="https://www.ft.com/sonja-hutson" rel="noopener noreferrer" target="_blank"&gt;Sonja Hutson&lt;/a&gt;, and produced by Saffeya Ahmed and Victoria Craig. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/e9c58201-e802-49b4-8b50-becd9fa0c900" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

European Commission recommends remote work, heat pumps and public transport subsidies

US President Donald Trump said he’s sending senior officials to Pakistan for new negotiations with Iran, the European Commission will encourage remote working and public transport subsidies to cut fossil fuel use, and FTSE 100 companies boosted chief executives’ pay by almost a fifth in the past year. Plus, there’s a new craze hitting Wall Street: super-charged tax-loss harvesting.&nbsp; Mentioned in this podcast:<a href="https://www.ft.com/content/0e51cdea-99df-4913-8c71-03396c4a6faf?accessToken=zwAAAZ5BUx4dkc8OUc3qmd9JE9OMcQM5bEpvrwE.MEQCIGGneQPOoASNcld5f1gUB_FrPl6BcqiMEmRqBBgfdmAKAiAx6tcYWjfWf0mZ0Kwh1Tu-tbIKtfu3Tq_DeNUpEW3tFQ&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Donald Trump to send US officials to Pakistan for fresh peace talks with Iran</a><a href="https://www.ft.com/content/bbc9c31e-cc43-41a6-8fb7-057d44b25a21?accessToken=zwAAAZ5AidDTk9O7ycMezENBptOPtwV9RLJaIdPbxarH-_1GatOqRrxWLySc7M9HTw3bua1NCdOJ5pKN2Yp2UAE.MEQCIDJJXNpBw7wBtFxpakDfBTBKcWW6diZKXoaf8LgGy3NiAiALsyEEd5fbkv_0Ioy8ImG_UMTr220dRrk-NnZ2AUA9MA&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Brussels pushes remote working to ease energy crisis</a><a href="https://www.ft.com/content/474f0ddb-b9ad-4d09-89e6-928dd98a7650?accessToken=zwAAAZ5AidDTk9O7ycMezENBptOPtwV9RLJaIdPbxarH-_1GatOqRrxWLySc7M9HTw3bua1NCdOJ5pKN2Yp2UAE.MEQCIDJJXNpBw7wBtFxpakDfBTBKcWW6diZKXoaf8LgGy3NiAiALsyEEd5fbkv_0Ioy8ImG_UMTr220dRrk-NnZ2AUA9MA&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">FTSE bosses receive 18% pay bump this year in global fight for talent</a><a href="https://www.ft.com/content/fad9d0ca-0b7a-4c22-8cfe-fb26fea9219b?accessToken=zwAAAZ5AkEbMkdP62dDKC3pMItOM_vsm_qkhmwE.MEYCIQDWqqkGXaHMQusghpYscvYHfMYTjzugQFx7Fl3yg0_m2AIhAKsWDdSqa2oYzSg0af_VQ7dVfT1iLtVcG6EMHBt6WyXB&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">The tax-focused hedge fund craze taking over Wall Street</a> Note: The FT does not use generative AI to voice its podcasts&nbsp; Today’s FT News Briefing was hosted by <a href="https://www.ft.com/sonja-hutson" rel="noopener noreferrer" target="_blank">Sonja Hutson</a>, and produced by Saffeya Ahmed and Victoria Craig. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. <a href="https://www.ft.com/content/e9c58201-e802-49b4-8b50-becd9fa0c900" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Brussels’ plan to ease the energy crisis

<description>&lt;p&gt;Global oil markets have faced&amp;nbsp;historic disruption since the Iran war began in February. The FT’s Jamie Smyth speaks with shale pioneer Scott Sheffield and his son Bryan about energy security and why the crisis could reshape the future for oil and gas.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/0f41cbd9-58e5-4f0c-b975-3e6b919f1431?syn-25a6b1a6=1" rel="noopener noreferrer" target="_blank"&gt;Trump administration urges US oil bosses to increase drilling&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/97142bb8-cd79-4c61-bc96-286949a4164b?syn-25a6b1a6=1" rel="noopener noreferrer" target="_blank"&gt;Fracking pioneers look overseas as US shale revolution goes global&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/ac41fd5b-dcd8-4a12-8c81-f10df7cc4c8a?syn-25a6b1a6=1" rel="noopener noreferrer" target="_blank"&gt;‘As big as Saudi Arabia’: the Permian oilman who sold Pioneer to Exxon&lt;/a&gt;&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Note: The FT does not use generative AI to voice its podcasts&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;This episode was hosted and produced by &lt;a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank"&gt;Michela Tindera&lt;/a&gt;. It was edited by Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallman. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/333765b8-a1d1-4859-b870-6c9b525f84e0" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

The FT’s Jamie Smyth speaks with shale pioneer Scott Sheffield and his son Bryan about energy security

Global oil markets have faced&nbsp;historic disruption since the Iran war began in February. The FT’s Jamie Smyth speaks with shale pioneer Scott Sheffield and his son Bryan about energy security and why the crisis could reshape the future for oil and gas.&nbsp; Mentioned in this podcast:<a href="https://www.ft.com/content/0f41cbd9-58e5-4f0c-b975-3e6b919f1431?syn-25a6b1a6=1" rel="noopener noreferrer" target="_blank">Trump administration urges US oil bosses to increase drilling</a><a href="https://www.ft.com/content/97142bb8-cd79-4c61-bc96-286949a4164b?syn-25a6b1a6=1" rel="noopener noreferrer" target="_blank">Fracking pioneers look overseas as US shale revolution goes global</a>&nbsp;<a href="https://www.ft.com/content/ac41fd5b-dcd8-4a12-8c81-f10df7cc4c8a?syn-25a6b1a6=1" rel="noopener noreferrer" target="_blank">‘As big as Saudi Arabia’: the Permian oilman who sold Pioneer to Exxon</a>&nbsp; Note: The FT does not use generative AI to voice its podcasts&nbsp; This episode was hosted and produced by <a href="https://www.ft.com/michela-tindera" rel="noopener noreferrer" target="_blank">Michela Tindera</a>. It was edited by Victoria Craig. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallman. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.&nbsp; <a href="https://www.ft.com/content/333765b8-a1d1-4859-b870-6c9b525f84e0" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Bonus: A US shale pioneer on the Middle East war 

<description>&lt;p&gt;President&lt;strong&gt; &lt;/strong&gt;Donald Trump said Lebanon and Israel had agreed to a 10-day ceasefire, the US Treasury’s status as the world’s lowest-cost dollar borrower is facing a fresh challenge, and Netflix’s chair and founder is stepping down. Plus, Iran secretly acquired a Chinese spy satellite that has helped it target US military bases across the Middle East during the war, and shares in the world’s biggest chocolate maker aren’t looking so sweet.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/34c827e4-eda0-4094-ab29-d104c49469c6?accessToken=zwAAAZ4yELuOlNOtIXlkvMlGitOGj4EOEYpPvM80yCfk7aBAlNOrKdEExJRpxtP62dDKC3pMItOM_vsm_qkhm9PKYw59QJ5FndOKmNoxVcqwdAE.MEQCIAinBILv_YGeu0e-PilMuISN-BPcf_2IJ5o6Ag7CV-g5AiANJ-c6086dk43XsPW9FwG8gtXK0t21bJpJtpVGoYhJDA&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Israel and Lebanon agree 10-day ceasefire, Trump says&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/ad217964-bcc9-468a-868f-810e118a4fbc?accessToken=zwAAAZ4yELuOlNOtIXlkvMlGitOGj4EOEYpPvM80yCfk7aBAlNOrKdEExJRpxtP62dDKC3pMItOM_vsm_qkhm9PKYw59QJ5FndOKmNoxVcqwdAE.MEQCIAinBILv_YGeu0e-PilMuISN-BPcf_2IJ5o6Ag7CV-g5AiANJ-c6086dk43XsPW9FwG8gtXK0t21bJpJtpVGoYhJDA&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/1c89d041-f46f-4190-b9b0-3565c0cdd079?accessToken=zwAAAZ4ygyCPkc8cidBB9G9BkNO5sDVlwM3QeQE.MEUCIGGT13rxYUWS18_1gEyGCRsG82PKfXor5RRjQqVr63r1AiEA3TesAGiH8G1G8iMMa_uzE9Y64Ft139OidKJg6wgGn7k&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Netflix founder Reed Hastings to step down from board&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/1fddd2cd-1294-4e9c-a17d-5ea06b399355?accessToken=zwAAAZ4yKeYNkc8f3dLNEpROnNOhfV6gazmTVQE.MEUCIGEF7jCnhFDHIFAs6gcCVVeJhygpZRAOwU5Sqws66ucFAiEAqT5UlFl3Yk94DsNmUEIuKvZbNriLSM77YFZX6AJVh1k&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Iran used Chinese spy satellite to target US bases&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/ca630e7d-409e-459d-8a98-da3155cab074?accessToken=zwAAAZ4yELuOlNOtIXlkvMlGitOGj4EOEYpPvM80yCfk7aBAlNOrKdEExJRpxtP62dDKC3pMItOM_vsm_qkhm9PKYw59QJ5FndOKmNoxVcqwdAE.MEQCIAinBILv_YGeu0e-PilMuISN-BPcf_2IJ5o6Ag7CV-g5AiANJ-c6086dk43XsPW9FwG8gtXK0t21bJpJtpVGoYhJDA&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Shares at world’s biggest chocolate maker Barry Callebaut plunge as cocoa prices collapse&lt;/a&gt;&lt;/p&gt;&lt;p&gt;Credit: BBC&lt;/p&gt;&lt;br&gt;&lt;p&gt;Note: The FT does not use generative AI to voice its podcasts&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Today’s FT News Briefing was hosted by &lt;a href="https://www.ft.com/sonja-hutson" rel="noopener noreferrer" target="_blank"&gt;Sonja Hutson&lt;/a&gt;, and produced by Saffeya Ahmed, Victoria Craig, and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, David da Silva, and Michela Tindera. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/c6c3636c-2bd0-4b78-a9b6-b97fbfd45eda" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

The US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk

President Donald Trump said Lebanon and Israel had agreed to a 10-day ceasefire, the US Treasury’s status as the world’s lowest-cost dollar borrower is facing a fresh challenge, and Netflix’s chair and founder is stepping down. Plus, Iran secretly acquired a Chinese spy satellite that has helped it target US military bases across the Middle East during the war, and shares in the world’s biggest chocolate maker aren’t looking so sweet. Mentioned in this podcast:<a href="https://www.ft.com/content/34c827e4-eda0-4094-ab29-d104c49469c6?accessToken=zwAAAZ4yELuOlNOtIXlkvMlGitOGj4EOEYpPvM80yCfk7aBAlNOrKdEExJRpxtP62dDKC3pMItOM_vsm_qkhm9PKYw59QJ5FndOKmNoxVcqwdAE.MEQCIAinBILv_YGeu0e-PilMuISN-BPcf_2IJ5o6Ag7CV-g5AiANJ-c6086dk43XsPW9FwG8gtXK0t21bJpJtpVGoYhJDA&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Israel and Lebanon agree 10-day ceasefire, Trump says</a><a href="https://www.ft.com/content/ad217964-bcc9-468a-868f-810e118a4fbc?accessToken=zwAAAZ4yELuOlNOtIXlkvMlGitOGj4EOEYpPvM80yCfk7aBAlNOrKdEExJRpxtP62dDKC3pMItOM_vsm_qkhm9PKYw59QJ5FndOKmNoxVcqwdAE.MEQCIAinBILv_YGeu0e-PilMuISN-BPcf_2IJ5o6Ag7CV-g5AiANJ-c6086dk43XsPW9FwG8gtXK0t21bJpJtpVGoYhJDA&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">US’s status as lowest-cost dollar borrower challenged as investors shun Trump risk</a><a href="https://www.ft.com/content/1c89d041-f46f-4190-b9b0-3565c0cdd079?accessToken=zwAAAZ4ygyCPkc8cidBB9G9BkNO5sDVlwM3QeQE.MEUCIGGT13rxYUWS18_1gEyGCRsG82PKfXor5RRjQqVr63r1AiEA3TesAGiH8G1G8iMMa_uzE9Y64Ft139OidKJg6wgGn7k&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Netflix founder Reed Hastings to step down from board</a><a href="https://www.ft.com/content/1fddd2cd-1294-4e9c-a17d-5ea06b399355?accessToken=zwAAAZ4yKeYNkc8f3dLNEpROnNOhfV6gazmTVQE.MEUCIGEF7jCnhFDHIFAs6gcCVVeJhygpZRAOwU5Sqws66ucFAiEAqT5UlFl3Yk94DsNmUEIuKvZbNriLSM77YFZX6AJVh1k&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Iran used Chinese spy satellite to target US bases</a><a href="https://www.ft.com/content/ca630e7d-409e-459d-8a98-da3155cab074?accessToken=zwAAAZ4yELuOlNOtIXlkvMlGitOGj4EOEYpPvM80yCfk7aBAlNOrKdEExJRpxtP62dDKC3pMItOM_vsm_qkhm9PKYw59QJ5FndOKmNoxVcqwdAE.MEQCIAinBILv_YGeu0e-PilMuISN-BPcf_2IJ5o6Ag7CV-g5AiANJ-c6086dk43XsPW9FwG8gtXK0t21bJpJtpVGoYhJDA&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Shares at world’s biggest chocolate maker Barry Callebaut plunge as cocoa prices collapse</a>Credit: BBC Note: The FT does not use generative AI to voice its podcasts&nbsp; Today’s FT News Briefing was hosted by <a href="https://www.ft.com/sonja-hutson" rel="noopener noreferrer" target="_blank">Sonja Hutson</a>, and produced by Saffeya Ahmed, Victoria Craig, and Fiona Symon. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann, David da Silva, and Michela Tindera. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.&nbsp; <a href="https://www.ft.com/content/c6c3636c-2bd0-4b78-a9b6-b97fbfd45eda" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

Fresh challenge for US Treasuries dominance

<description>&lt;p&gt;Gulf monarchies raised almost $10bn in private sales of bonds this month, oil shortages are coming if the Strait of Hormuz stays closed, and US President Donald Trump has renewed his threat to fire Federal Reserve chair Jay Powell. Plus, a second China shock is hitting the global economy, and Allbirds is pivoting from wool sneakers to AI.&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;strong&gt;Mentioned in this podcast:&lt;/strong&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/3b927d8b-4c6b-414a-bb85-3d6070495df7?accessToken=zwAAAZ4s8mV7k887kn2LTGtBStO7hT1gcEld988lu-8ovsJOCNOK3-sshJ37Z9OktjzBLRxEyNOiKkJc8O-1zwE.MEUCIChvChoDJEuQBqk1ME-IqlvoXTZQyhUh-ILu9fNRJbiBAiEA0_jqCGvxSiXAVDcDREVcJQsscyJ4YY07TWocpc8GyPw&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Gulf states turn to private deals in $10bn wartime borrowing spree&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/25bbef28-bec2-4e08-8adf-eb2c849dfb67?accessToken=zwAAAZ4s8mV7k887kn2LTGtBStO7hT1gcEld988lu-8ovsJOCNOK3-sshJ37Z9OktjzBLRxEyNOiKkJc8O-1zwE.MEUCIChvChoDJEuQBqk1ME-IqlvoXTZQyhUh-ILu9fNRJbiBAiEA0_jqCGvxSiXAVDcDREVcJQsscyJ4YY07TWocpc8GyPw&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Oil shortages are coming, and with them some difficult questions&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/d0ac6c5f-c1c5-43cb-8f1f-eb3bea48eca3?accessToken=zwAAAZ4s88I2kdPQrGxfwcVDy9OPH-s76kjsowE.MEUCIQCQ2YiBSGPUb1DzL2CeGVeVK9eVSWhBfLIBURTm3_C9RwIgfxzGI6HCJsmBxFmN6FZggocFQ1pL4cpbX0HEWEvjx0c&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Trump threatens to fire Jay Powell and refuses to halt criminal probe&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/7d51a630-a3de-4cc7-9f5f-0f3e7f0d305a?accessToken=zwAAAZ4s9PJ3kc99UaYwo95Mx9OfXw8-fw0wWgE.MEUCIC1HEN-JTZdbJNMfFd1qQ17ItcT79dpF6BOytOIqUMKPAiEA7K8w-1sudfeF-zwv5VZQvBSNosnKNkVwTnWuZsSYDUk&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;China shock 2.0: the flood of high-tech goods that will change the world&lt;/a&gt;&lt;/p&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/a4b63cc1-2d1c-44c8-a22a-425cf0efb5cf?accessToken=zwAAAZ4s8mV7k887kn2LTGtBStO7hT1gcEld988lu-8ovsJOCNOK3-sshJ37Z9OktjzBLRxEyNOiKkJc8O-1zwE.MEUCIChvChoDJEuQBqk1ME-IqlvoXTZQyhUh-ILu9fNRJbiBAiEA0_jqCGvxSiXAVDcDREVcJQsscyJ4YY07TWocpc8GyPw&amp;amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank"&gt;Allbirds is turning into an AI compute provider, because of course it is&lt;/a&gt;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Note: The FT does not use generative AI to voice its podcasts&amp;nbsp;&lt;/p&gt;&lt;br&gt;&lt;p&gt;Today’s FT News Briefing was hosted by &lt;a href="https://www.ft.com/victoria-craig" rel="noopener noreferrer" target="_blank"&gt;Victoria Craig&lt;/a&gt;, and produced by Saffeya Ahmed, Fiona Simon and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.&lt;/p&gt;&lt;br&gt;&lt;p&gt;&lt;a href="https://www.ft.com/content/2d49b07a-800c-43ae-9d9f-96a8f24a47d5" rel="noopener noreferrer" target="_blank"&gt;&lt;strong&gt;Read a transcript of this episode on FT.com&lt;/strong&gt;&lt;/a&gt;&lt;/p&gt;&lt;hr&gt;&lt;p style='color:grey; font-size:0.75em;'&gt; Hosted on Acast. See &lt;a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'&gt;acast.com/privacy&lt;/a&gt; for more information.&lt;/p&gt;</description>

It may not be those hit first who experience the most pain if the Strait of Hormuz stays closed

Gulf monarchies raised almost $10bn in private sales of bonds this month, oil shortages are coming if the Strait of Hormuz stays closed, and US President Donald Trump has renewed his threat to fire Federal Reserve chair Jay Powell. Plus, a second China shock is hitting the global economy, and Allbirds is pivoting from wool sneakers to AI.&nbsp; Mentioned in this podcast:<a href="https://www.ft.com/content/3b927d8b-4c6b-414a-bb85-3d6070495df7?accessToken=zwAAAZ4s8mV7k887kn2LTGtBStO7hT1gcEld988lu-8ovsJOCNOK3-sshJ37Z9OktjzBLRxEyNOiKkJc8O-1zwE.MEUCIChvChoDJEuQBqk1ME-IqlvoXTZQyhUh-ILu9fNRJbiBAiEA0_jqCGvxSiXAVDcDREVcJQsscyJ4YY07TWocpc8GyPw&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Gulf states turn to private deals in $10bn wartime borrowing spree</a><a href="https://www.ft.com/content/25bbef28-bec2-4e08-8adf-eb2c849dfb67?accessToken=zwAAAZ4s8mV7k887kn2LTGtBStO7hT1gcEld988lu-8ovsJOCNOK3-sshJ37Z9OktjzBLRxEyNOiKkJc8O-1zwE.MEUCIChvChoDJEuQBqk1ME-IqlvoXTZQyhUh-ILu9fNRJbiBAiEA0_jqCGvxSiXAVDcDREVcJQsscyJ4YY07TWocpc8GyPw&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Oil shortages are coming, and with them some difficult questions</a><a href="https://www.ft.com/content/d0ac6c5f-c1c5-43cb-8f1f-eb3bea48eca3?accessToken=zwAAAZ4s88I2kdPQrGxfwcVDy9OPH-s76kjsowE.MEUCIQCQ2YiBSGPUb1DzL2CeGVeVK9eVSWhBfLIBURTm3_C9RwIgfxzGI6HCJsmBxFmN6FZggocFQ1pL4cpbX0HEWEvjx0c&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Trump threatens to fire Jay Powell and refuses to halt criminal probe</a><a href="https://www.ft.com/content/7d51a630-a3de-4cc7-9f5f-0f3e7f0d305a?accessToken=zwAAAZ4s9PJ3kc99UaYwo95Mx9OfXw8-fw0wWgE.MEUCIC1HEN-JTZdbJNMfFd1qQ17ItcT79dpF6BOytOIqUMKPAiEA7K8w-1sudfeF-zwv5VZQvBSNosnKNkVwTnWuZsSYDUk&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">China shock 2.0: the flood of high-tech goods that will change the world</a><a href="https://www.ft.com/content/a4b63cc1-2d1c-44c8-a22a-425cf0efb5cf?accessToken=zwAAAZ4s8mV7k887kn2LTGtBStO7hT1gcEld988lu-8ovsJOCNOK3-sshJ37Z9OktjzBLRxEyNOiKkJc8O-1zwE.MEUCIChvChoDJEuQBqk1ME-IqlvoXTZQyhUh-ILu9fNRJbiBAiEA0_jqCGvxSiXAVDcDREVcJQsscyJ4YY07TWocpc8GyPw&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Allbirds is turning into an AI compute provider, because of course it is</a> Note: The FT does not use generative AI to voice its podcasts&nbsp; Today’s FT News Briefing was hosted by <a href="https://www.ft.com/victoria-craig" rel="noopener noreferrer" target="_blank">Victoria Craig</a>, and produced by Saffeya Ahmed, Fiona Simon and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. <a href="https://www.ft.com/content/2d49b07a-800c-43ae-9d9f-96a8f24a47d5" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a><hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

How the world is preparing for oil shortages

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning.<hr> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.

A rundown of the most important global business stories you need to know for the coming day, from the newsroom of the Financial Times. Available every weekday morning.

FT News Briefing

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