New Covid-19 cases hit US record, airlines tap debt markets, Bayer settlement

Global markets dropped on Wednesday as rising Covid-19 cases  fuelled fears that the virus could derail an economic recovery, US airlines increased the size of their debt and equity fundraisings this week to nearly $10bn after receiving a warm welcome from investors, and Bayer will pay up to $10.9bn to settle a wave of lawsuits over the potential carcinogenic effects of its herbicide product Roundup. Plus, the FT’s currencies correspondent, Eva Szalay, explains why analysts at Bank of America say the British pound is an emerging-market currency in all but name.

Hosted on Acast. See acast.com/privacy for more information.

More from FT News Briefing

  1. 11:35Spotify grows upApr 24, 2024
  2. 10:30Taking the Byte out of TikTokApr 23, 2024
  3. 10:24Beijing bets on manufacturingApr 22, 2024
  4. 12:54Swamp Notes: How do you win Pennsylvania?Apr 20, 2024
  5. 13:00Big business bets on ModiApr 19, 2024
  6. 09:58AI’s electricity problemApr 18, 2024
  7. 11:28A glow-up for China’s state-owned enterprisesApr 17, 2024
  8. 12:09CVC hopes third time’s the charmApr 16, 2024
  9. 12:02Israel debates retaliation against IranApr 15, 2024
  10. 12:43Swamp Notes: What’s the Republican party’s position on abortion?Apr 13, 2024