FT News Briefing

Joe Biden drops out of US presidential race

US President Joe Biden has abandoned his re-election bid following overwhelming pressure from fellow Democrats, and India’s prime minister Narendra Modi faces an early test to his third term in office. Plus, the UK’s new chancellor, Rachel Reeves, will present a fiscal statement to parliament later this month.  Mentioned in this podcast:<a href="https://on.ft.com/4f9nbTl" rel="noopener noreferrer" target="_blank">Joe Biden drops out of 2024 US presidential election race and endorses Kamala Harris</a><a href="https://on.ft.com/3zSCqQA" rel="noopener noreferrer" target="_blank">Labour’s moment to blame, borrow and tax</a><a href="https://on.ft.com/4d9eYwK" rel="noopener noreferrer" target="_blank">India’s Narendra Modi faces budget demands from ‘kingmaker’ allies </a> The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Denise Guerra, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. 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/22b8425f-e395-4685-8c89-7c54da8f0b21" 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.