Summary: Read a transcript of this episode on FT.com https://www.ft.com/content/e83a0e51-9195-4c95-8f0b-263f97794302 Joe Biden has nominated Jay Powell to serve a second term as chair of the Federal Reserve, opting for continuity as the US economy grapples with persistently high inflation and a patchy labour market recovery; China’s hypersonic weapons test in July included a technological advance that enabled it to fire a missile as it approached its target travelling at least five times the speed of sound, a capability no country has previously demonstrated and one that caught Pentagon scientists off guard. Joe Biden nominates Jay Powell for second term as Fed chair https://www.ft.com/content/9e9540a2-2ba8-4e0e-84d8-a1945c20453a Chinese hypersonic weapon fired a missile over South China Sea, Pentagon struggles to understand how Beijing mastered technology https://www.ft.com/content/a127f6de-f7b1-459e-b7ae-c14ed6a9198c Uber to sell cannabis to customers in Canada https://www.ft.com/content/22855150-d04c-4f43-adb1-f066c170555a The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. <br><hr><p style="color: grey;">See <a style="color: grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>
