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FT News Briefing
FT News Briefing

UBS bets on the US

02 July 2026 11:26 Financial Times

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About this episode

OpenAI has discussed giving a 5 per cent stake to the US government, UBS will start trialling everyday banking services for its American employees within months, and dealmaking hit record levels in the first half of the year. Plus, many Russians are angry that the Ukraine war is now playing out on their territory.


Mentioned in this podcast:

OpenAI proposes handing Trump administration 5% stake

UBS to trial US banking services in push for wealthy American clients

Mega takeovers drive record $2.8tn in dealmaking

Putin admits Ukrainian drones are causing ‘problems’

Putin ties himself to ruling party as war fatigue bites

Listen to the Rachman Review on Apple Podcasts, Pocket Casts or Spotify.


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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 is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber 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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