Markets shrug off investigation into Powell

13 January 2026 · 12m

FT News Briefing

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Show notes

UBS chief executive Sergio Ermotti is planning to step down in April 2027, and Paramount threatened a proxy fight in its latest move to force Warner Bros Discovery back to the negotiating table. Plus, the FT’s Robert Armstrong explains what could come next in US President Donald Trump’s crackdown on the Federal Reserve.

Mentioned in this podcast:

UBS boss Sergio Ermotti plans to step down in April 2027

Paramount threatens proxy fight in battle for Warner Bros Discovery

What is behind the criminal investigation into Jay Powell?

Former Fed chiefs attack DoJ probe into Jay Powell

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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 Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann. 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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