How Ireland became the weak spot in Europe’s defences

Traders are piling into bets that Wednesday’s UK Budget will push the pound lower against the dollar, and the pharmaceutical industry saw some promising — and not so promising — clinical trial results. Plus, US tech stocks leapt on Monday and Ireland’s military neutrality has created a weak spot in Europe’s defences. Mentioned in this podcast:Currency traders bet against sterling ahead of BudgetNovo Nordisk shares slump after drug failure in Alzheimer’s trialBayer soars on promising trial results for stroke prevention drugUS tech stocks surge as Fed rate cut bets fuel reboundHow Ireland became the weak spot in Europe’s defencesNote: 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 Fiona Symon, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.