Disney’s new CEO faces first challenge
5/5/202611 min
The US and Iran traded fire in the Strait of Hormuz, and Anthropic formed a more than $1.5bn joint venture with Wall Street groups including Blackstone, Hellman & Friedman and Goldman Sachs. Plus, the FT’s Anna Nicolaou explains whether Disney’s chief executive can handle the latest challenge thrown by the Trump administration.
Mentioned in this podcast:
US to ‘guide’ stranded ships out of Strait of Hormuz, says Trump
Blackstone and Goldman among backers for $1.5bn JV with Anthropic
Trump vs Kimmel: inside Disney chief Josh D’Amaro’s baptism of fire
‘Plastic shock’ hits Asia as Iran oil crisis strangles supplies
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova and Saffeya Ahmed. Our show was mixed by Sam Giovinco. Additional help from Michael Lello. 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.
Read a transcript of this episode on FT.com
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Clips
Transcript preview
First 90 secondsMarc Filippino· Host0:00
[upbeat music] Good morning from the Financial Times. Today is Tuesday, May 5th, and this is your FT news briefing. The US-Iran ceasefire is more fragile than ever, and Anthropic is boasting a new partnership with Wall Street. Plus, Josh D'Amaro is less than two months into his new gig as Disney CEO, and boy, has it been eventful.
Anna Nicolaou· Guest0:22
A lot of people say he's actually quite similar to Bob Iger. That being said, even Bob Iger, he struggled quite a bit with how to handle Trump, with how to handle these political issues.
Marc Filippino· Host0:33
I'm Mark Philippo, and here's the news you need to start your day. [upbeat music] The US military says it traded fire with Tehran near the critical Strait of Hormuz yesterday. A fifth of the world's oil used to flow through the strait, but since the war started at the end of February, it's effectively been shut and oil tankers have been stuck. US President Donald Trump started a plan on Monday to help guide tankers out of the strait. Iran, however, said it would attack any naval vessels that tried. It says it launched missiles and drones yesterday at the US Navy in order to defend its own ships. The strait isn't the only place in the field of fire either. The UAE said it intercepted several missiles and drones launched from Iran yesterday. One sparked a fire at a major petrochemical site. The escalation sent Brent crude to as much as $115 a barrel.