<p>Tesla on Wednesday reported its first-ever fall in annual revenue,&nbsp;Donald Trump has warned Iran that “time is running out” to reach a deal to avert US military action, and the Federal Reserve kept interest rates on hold. Plus, the world’s biggest mining companies have added close to half a trillion dollars to their valuations this year, triggered by heightened geopolitical tensions.</p><br><p><strong>Mentioned in this podcast:</strong></p><br><p><a href="https://www.ft.com/content/78d53ce6-a731-496c-8d8b-e53bc35f49a8?accessToken=zwAAAZyhtzqAks941TzmpzFJbNONi-U7w19JqM9WH67KhFpFCNO7wqIEiaxA8QE.MEUCIBYncSVhB9shWUS7bVLDbIG5yFU1l1VuJwvxwlC4JA9NAiEAq9FgnMLfQMbr9wRi2fu5U8Ft_W9Ex_YBGU5MkNU8LII&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Tesla trims car line up in pivot to AI as annual revenue falls for first time</a></p><p><a href="https://www.ft.com/content/561faeca-845a-4508-bbc2-a20489ac40f1?accessToken=zwAAAZyhtzqAks941TzmpzFJbNONi-U7w19JqM9WH67KhFpFCNO7wqIEiaxA8QE.MEUCIBYncSVhB9shWUS7bVLDbIG5yFU1l1VuJwvxwlC4JA9NAiEAq9FgnMLfQMbr9wRi2fu5U8Ft_W9Ex_YBGU5MkNU8LII&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Federal Reserve signals no rush to cut interest rates as US economy powers ahead</a></p><p><a href="https://www.ft.com/content/070b13a2-61c8-48fb-9bb0-42512f0c487d?accessToken=zwAAAZygscv_ks8HCxOiYchI-9ObsEJRLwxIfc8y7z_2s1ZJ49ONf4A5FhyIsAE.MEUCIHUmjTPoAuYOqYhsIcmAPCDuao0-ooxGmD2fNQqXcNe9AiEA23zOXSxLIruPe2HHjSs-LiAjhVdrHEQWQFCxa8e0Tr4&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Trump warns Iran ‘time is running out’ for deal to avert US military action</a></p><p><a href="https://www.ft.com/content/32ef3ff6-b356-49e3-8d7f-8039161c88b0?accessToken=zwAAAZygscv_ks8HCxOiYchI-9ObsEJRLwxIfc8y7z_2s1ZJ49ONf4A5FhyIsAE.MEUCIHUmjTPoAuYOqYhsIcmAPCDuao0-ooxGmD2fNQqXcNe9AiEA23zOXSxLIruPe2HHjSs-LiAjhVdrHEQWQFCxa8e0Tr4&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Metals surge boosts value of mining groups by almost $500bn</a></p><br><p>Note: The FT does not use generative AI to voice its podcasts&nbsp;</p><br><p>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 Fiona Symon, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann 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.&nbsp;</p><br><p><a href="https://www.ft.com/content/264d6c80-c93a-4924-ada9-19059e1f0d19" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><hr><p style='color:grey; font-size:0.75em;'> 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.</p>