The US director of national intelligence has warned that Iran and Russia are attempting to influence American voters before the November 3 US election, Tesla delivered a fifth straight quarterly profit in the three months to the end of September, and one of the biggest US public pension funds has frozen new investments with Apollo Global Management over concerns regarding Leon Black’s connections to Jeffrey Epstein. Plus, the FT’s West Africa bureau chief,Neil Munshi, reports on the violent crackdown by security forces on peaceful demonstrators in Lagos. US official warns of Iranian and Russian election interferenceft.com/content/82d92abf-2dd2-4fb6-8d0a-1f12f7aedcb4Tesla delivers its fifth straight quarterly profit https://www.ft.com/content/e782cac4-cbdf-4d39-986e-8b7b7971de1dApollo investor halts new commitments over Leon Black’s Epstein ties https://www.ft.com/content/7aa15cae-0baf-488b-8713-c4dc29bf193cViolent crackdown on Nigerian protests prompts outragehttps://www.ft.com/content/1e06b3c1-f453-4e7e-b71b-b0dba31faaa3  See acast.com/privacy for privacy and opt-out information.

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US intelligence election warning, Apollo hit by Leon Black’s Epstein ties, report from Lagos

Snap posted record revenues and attracted the highest-ever number of advertisers to its platform in the third quarter, and the US Department of Justice has accused Google of suppressing competition in internet search. Plus, the FT’s west coast editor, Richard Waters, explains how the US and Europe are handling the regulation of big tech in very different ways. Netflix subscriber growth slows as lockdown boost fadeshttps://www.ft.com/content/de870037-4859-4660-87c8-b6bba656bd02Snap reaps the benefits of Facebook boycott falloutft.com/content/cb762955-10bb-4d1e-bfb3-87c4ecf9d915?US election: Facebook’s political balancing acthttps://www.ft.com/content/ebbf9be3-307b-4fdd-a582-069099e3096cNick Clegg: Europe should tear down digital walls not build new oneshttps://www.ft.com/content/98cf847c-96f9-4558-9a30-7d72ea4e79c2  See acast.com/privacy for privacy and opt-out information.

Snap Inc rises on advertising, US Department of Justice takes on Google, big tech regulation

US stocks slid on Monday as a deadline on US stimulus talks looms and coronavirus cases continue to rise, and ConocoPhillips is betting on a post-pandemic oil recovery with its plans to buy Concho Resources for $9.7bn. Plus, the FT’s greater China correspondent, Kathrin Hille, explains why Chinese companies of all stripes are rushing into the country’s semiconductor industry. US stocks slide as stimulus deadline loomshttps://www.ft.com/content/6c0fd8ae-618e-42e9-8537-b6f6a4558ac2ConocoPhillips to buy rival Concho in $9.7bn dealhttps://www.ft.com/content/1da54146-244a-4e42-a90d-415298db3866Chinese groups go from fish to chips in new ‘Great Leap Forward’ https://www.ft.com/content/46edd2b2-1734-47da-8e77-21854ca5b212  See acast.com/privacy for privacy and opt-out information.

Stimulus uncertainty, Conoco-Concho deal, China’s semiconductor push

Economists worry rising coronavirus infections and fresh government restrictions will cut short the region’s recent recovery, and UK chancellor Rishi Sunak is preparing to release tens of millions of pounds to end a coronavirus restriction deadlock with leaders in Greater Manchester. Plus, investors are keeping a close eye on sterling as the Brexit transition period nears the end. The FT’s Katie Martin will take a look at Brexit’s impact on sterling and the markets. Europe’s economy is sliding towards a double-dip recessionhttps://www.ft.com/content/700355e2-362c-4f9f-a24e-ddc9f6ea9cb0Sunak ready to release ‘tens of millions’ to secure Manchester Covid deal https://www.ft.com/content/68e8e775-e69c-492c-bef2-a1c2863f5167  See acast.com/privacy for privacy and opt-out information.

European double-dip recession concerns, Sunak dangles lockdown money, Brexit market

The World Health Organization has found the Covid-19 treatment remdesivir does little to prevent deaths and Boris Johnson could push Brexit talks into crisis on Friday. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why suburban women might be the key to victory when it comes to the US presidential election. Remdesivir has little effect on Covid-19 mortality, WHO study sayshttps://www.ft.com/content/ee9b611f-2b4b-4572-afe1-b0b804d17a94Summit ‘atmospherics not good’ as Brussels seen as dragging its feet on trade deal https://www.ft.com/content/252d3ea4-0ddf-498b-b993-59c13b0de004  See acast.com/privacy for privacy and opt-out information.

Remdesivir and Covid-19 deaths, Johnson set to force no deal, suburbanites in US election

France and the Netherlands jointly issued a call for the bloc’s competition authorities to take pre-emptive measures against big tech companies, and investors have been unimpressed by recent US bank earnings despite lower loan loss provisions. Plus, the FT’s Dave Lee explains whether Amazon will be able to handle the logistical hurdles thrown its way this holiday season. Falling interest rates drag on Bank of America and Wells Fargo profitshttps://www.ft.com/content/8b8a4bec-6d28-462e-a18f-73b4856e1fc7Amazon braces for winter of demand with relentless expansionhttps://www.ft.com/content/9cd8038e-b38c-40d6-b2db-8f6e01cd166a?France and Netherlands join forces to back EU move against tech giantsft.com/content/4a9ed79e-c8c8-4b47-8055-1cd029541c32  See acast.com/privacy for privacy and opt-out information.

Investors unimpressed by US bank earnings, Paris and The Hague team up on EU tech, Amazon logistics

The EU has been given the green light to hit almost $4bn of US goods with punitive tariffs in retaliation for illegal state aid to Boeing, and the IMF said the coronavirus crisis will wreak “lasting damage” on people’s living standards across the world. Plus, some hedge funds are betting that the best days for the stock market’s coronavirus winners are in the past.EU given green light to hit US with tariffs in Airbus-Boeing rulinghttps://www.ft.com/content/3198d2ef-c3bb-44b9-a1e0-b27d9c1483dePandemic will cause ‘lasting damage’ to living standards, IMF warnshttps://www.ft.com/content/8b286455-d9ed-42a9-b933-5a1d3f4f08b2Hedge fund short sellers target pandemic winners ft.com/content/0a14e904-5fac-41bd-a9b4-a8a588db15c5?Apple enters the 5G market with new line of iPhoneshttps://www.ft.com/content/eac7ed4b-5fb4-4f0e-944d-f5f61300bd12  See acast.com/privacy for privacy and opt-out information.

WTO Boeing-Airbus ruling, IMF’s warning, short-sellers target pandemic winners

US stocks built on last week’s rally with investors assessing US presidential election polls that show a strong lead for former vice-president Joe Biden, and unemployment looks set to hit the UK’s youth the hardest with the country’s economy facing a sharp slowdown. Plus, the FT’s US finance editor, Rob Armstrong, explains why US banks might suddenly be hoping for a Democratic wave and what their most recent earnings could look like. Wall Street rallies as angst over contested US election waneshttps://www.ft.com/content/1dcbbed2-6d9e-4898-98bf-00e98a19eb5bFive things to watch in US bank earnings seasonhttps://www.ft.com/content/2604ab01-c562-4601-a8d6-921825a9e4aeUK’s youth count the cost of the Covid pandemicft.com/content/1220ba66-de09-4507-8616-ef112cd2c109?Samuel Brittan, economics editor, 1933-2020https://www.ft.com/content/b763bf06-3fc2-4e95-9fe6-a17acf3d8f3b  See acast.com/privacy for privacy and opt-out information.

US equities taking election polling to heart, US banks kick off earnings season, UK lockdowns

EU regulators are drawing up a “hit list” of up to 20 large internet companies that will be subject to new and far more stringent rules, and government ministers of poor and indebted nations plead for more ambitious debt relief programmes. Plus, FT’s Brexit editor David Bond speaks with Sam Fleming and Victor Mallet about how European countries are viewing the progress of Brexit talks. EU targets Big Tech with ‘hit list’ facing tougher rulesft.com/content/c8c5d5dc-cb99-4b1f-a8dd-5957b57a7783?Emerging economies plead for more ambitious debt relief programmesft.com/content/edb18d34-844b-43b5-a78a-fec73f1d0583?  See acast.com/privacy for privacy and opt-out information.

EU targets Big Tech with ‘hit list’, EM countries call for ambitious debt relief, EU countries on Brexit progress

Tensions between Washington and Beijing reflect a shift in how America views Asia’s superpower. We'll look at how both Joe Biden and Donald Trump are handling China in the presidential campaign. Plus, why a Silicon Valley start-up has decided to disrupt whiskey. How the US elite became hawks on Xi’s Chinahttps://www.ft.com/content/75ce186e-41f7-4a9c-bff9-0f502c81e456Silicon Valley start-up launches ‘Nespresso machine’ for whiskyhttps://www.ft.com/content/3926e3bf-352b-4c47-8acb-d9b47dfa11cb  See acast.com/privacy for privacy and opt-out information.

A new cold war, whiskey in days

Eli Lilly, a US drugmaker, has applied for an emergency authorisation of its Covid-19 antibody in the US. According to documents seen by the Financial Times, the Vatican invested donations for the needy in derivatives that bet on the creditworthiness of Hertz. And the FBI picks up the case of two men found dead in a hotel room in Missouri; British prosecutors had seen the men as potential witnesses in a corruption probe into the multibillion-dollar mining house, Eurasian Natural Resources Corporation. Lilly seeks emergency approval for Covid drughttps://www.ft.com/content/dc7d2abf-1cd2-40db-b040-27b3d9031e8bVatican used charity funds to buy Hertz credit derivativeshttps://www.ft.com/content/f966e8b4-945a-45d0-8391-a305b3d8f7f5Silent witnesses: what do three corpses have to do with a corruption case?https://www.ft.com/content/7dc13ec9-721c-41a7-8423-daeb9a743e9a  See acast.com/privacy for privacy and opt-out information.

Lilly Covid drug, Vatican derivatives, UK mining corruption probe

Donald Trump abruptly broke off talks with congressional Democrats on a new fiscal stimulus package until after next month’s presidential election, and economists estimate the coronavirus pandemic has put millions more workers across the developed world out of jobs than official unemployment statistics suggest. Plus, why US department store chain Macy’s is set to take a stake in Europe’s highest valued private fintech. Trump calls off stimulus talkshttps://www.ft.com/content/9f130c9c-fb1e-4d05-8864-1c8ac08c54bbHidden joblessness threatens economic recovery in US and Europehttps://www.ft.com/content/ec3d88dc-0dc1-4f6e-adf7-37e8f4316a22Macy’s takes stake in Klarna as part of payment partnershiphttps://www.ft.com/content/c2a26072-8c45-4ce3-9249-bd5b856bbe1c  See acast.com/privacy for privacy and opt-out information.

US stimulus talks end, Macy’s buys stake in Swedish fintech

Donald Trump returned to the White House on Monday evening after three days of hospital treatment for coronavirus, although his doctor warned that the president was not yet “out of the woods”. Plus, the IMF is instructing rich countries to spend on infrastructure, and a court case over trade secrets between two South Korean companies could affect the future of electric cars in the United States. Donald Trump returns to White House after three days in hospitalhttps://www.ft.com/content/4909a63c-8f7d-4621-9fba-73b5dac2ee5cIMF calls on rich nations to boost public investmenthttps://www.ft.com/content/fc7ad858-0fdd-401e-bce5-796a8353ba30Stakes are high in bitter battle over battery secretshttps://www.ft.com/content/98678ea4-7eba-4873-8815-47b0efe7c9df  See acast.com/privacy for privacy and opt-out information.

Trump returns to White House, a fight over lithium batteries

Donald Trump’s doctors said the president could be discharged from hospital today, after a weekend of mixed messages from the White House concerning Mr Trump’s health. Plus, the FT’s Brexit editor, David Bond, talks with the FT trading room editor Philip Stafford about what financial services will look like after Brexit.  Trump’s doctor says he could be out of hospital on Mondayhttps://www.ft.com/content/f331c9b9-6f2b-4cd5-831c-00cc10929940Brexit and the City: Brussels’ new battle to rival London in financehttps://www.ft.com/content/dd7e6828-f603-47bf-bdd7-61e9dcb5f9acBrussels’ next financial policy chief warns of Brexit frictionshttps://www.ft.com/content/d80ccc42-9156-4f9f-a103-6a8faa33014b  See acast.com/privacy for privacy and opt-out information.

Trump’s Covid-19 case prompts questions, financial services in a post-Brexit world

Donald Trump and his wife Melania have tested positive for Covid-19 and will start quarantine barely a month before the US presidential election, US personal income dropped by 2.7 per cent in August after the lapse of emergency unemployment benefits, and Brussels is suing the UK over plans to violate last year’s Brexit withdrawal agreement. Plus, the FT’s Washington bureau chief Demetri Sevastopulo explains why Ohio might be the key to the US presidential election. US personal income falls after lapse of Covid benefits https://www.ft.com/content/314c74e3-984c-4bde-bb03-8a05622be305Brussels launches legal action against UK over Brexit deal breachhttps://www.ft.com/content/8389cc9c-3ced-47f1-a85e-710ad20468a2The battle for Ohio: Trump tries to retain edge with working classhttps://www.ft.com/content/8d3e2e6f-3f40-4d1c-905f-b2dd416d055dBiden vs Trump: who is leading the 2020 US election polls?https://ig.ft.com/us-election-2020/Playboy returns to public markets through Spac dealhttps://www.ft.com/content/d79065d3-b6d4-4991-9033-d48dcc383c68  See acast.com/privacy for privacy and opt-out information.

Trump tests positive for Covid-19, EU sues UK over internal market bill, Trump & Biden compete over Ohio

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.

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FT News Briefing

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