US stocks dropped for the second straight trading session, the Biden administration said it will unleash almost $6bn in additional aid to Ukraine, and South Korea plans to inspect all B737-800 Boeing aircraft operated by domestic airlines after a passenger jet crashed. Plus, US asset managers are gobbling up business from their European rivals and the nightclub business is in decline.
Mentioned in this podcast:
US stocks slip in broad pullback as investors cash in on 2024 gains
US to send Ukraine $6bn in fresh military and budget assistance
South Korea to inspect all Boeing B737-800 aircraft after crash
The relentless advance of American asset managers in Europe
Who killed the rave? Late-night dancing falls into global decline
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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
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