Israel’s war strategy strains relations with US
6/9/202612 min
OpenAI filed to go public, Wall Street stocks rebounded on Monday, and top BP investors and former executives are concerned the UK oil major may lose momentum in its restructuring plan. Plus, Israel’s strikes on Lebanon are putting the US between a rock and a hard place.
Mentioned in this podcast:
OpenAI files to go public in blockbuster listing
Wall Street stocks rebound after AI-led rout
BP investors push for clarity over ousting of chair
Israel attacks Beirut days after Trump’s showdown with Netanyahu
Donald Trump and Benjamin Netanyahu replay 1982 Beirut stand-off
Sam Bankman-Fried seeks Trump pardon
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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips 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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Transcript preview
First 90 secondsMark Filippino· Host0:00
[on hold music] Good morning for the Financial Times. Today is Tuesday, June 9th, and this is your FT News Briefing. OpenAI is officially going public and US investors are getting the rate increase heebie-jeebies. Plus, the White House is trying to figure out how to handle Israel's recent strikes on Lebanon. I'm Mark Filippino, and here's the news you need to start your day. [intro music] OpenAI confidentially filed for an initial public offering yesterday. The ChatGPT maker will likely be valued at more than a trillion dollars. This comes just a week after OpenAI's rival, Anthropic, filed its own IPO paperwork and just days before SpaceX, Elon Musk's company, is set to go public. But OpenAI's IPO might not come so quickly. The company said in a statement that it hadn't decided on timing yet, and that it, quote, "may be a while because there are things we want to do that are likely easier as a private company." OpenAI's potential listing will test the appetite that investors have for a company with unprecedented revenue growth, but also huge losses. [music] Okay, we're gonna zoom out and talk about the US equities market as a whole now. Wall Street had a slight change of heart yesterday. US equities rebounded