FT News Briefing

Trump’s Truth Social hits the Nasdaq

Shares in Donald Trump’s social media business soared following its New York market debut, and Visa and Mastercard have agreed to cut their US transaction fees. Plus, UBS needs to boost its wealth business to make its Credit Suisse acquisition a success.  Mentioned in this podcast: <a href="https://on.ft.com/49bx4vp" rel="noopener noreferrer" target="_blank">Donald Trump has $4.6bn stake in social media group after market debut</a><a href="https://on.ft.com/3TH8HAm" rel="noopener noreferrer" target="_blank">Visa and Mastercard agree $30bn settlement over US transaction fees</a><a href="https://on.ft.com/3Tx99kj" rel="noopener noreferrer" target="_blank">Can UBS become Europe’s Morgan Stanley?</a><a href="https://on.ft.com/3x8k901" rel="noopener noreferrer" target="_blank">In German groceries, even computers have to obey century-old ban on Sunday work</a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Zach St. Louis, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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. <a href="https://www.ft.com/content/3d6235e9-7277-4267-9081-902e6928da05" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">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. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.