FT News Briefing: Finance Bosses Skip COP29, EU Market Stalemate and Boeing Strikes

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FT News Briefing: Finance Bosses Skip COP29, EU Market Stalemate and Boeing Strikes
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Financial titans are increasingly shunning the COP29 climate summit, while Spain proposes a novel solution to bridge the EU's capital markets gap. Plus, activist investor Starboard Value acquires a significant stake in struggling pharmaceutical giant Pfizer, and machinists' strikes pose a challenge to Boeing's recovery.

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Big bank bosses join a growing list of prominent financiers expected to skip COP29 next month, and Spain proposes a new mechanism to help harmonise the EU’s capital and credit markets. Plus, activist investor Starboard Value has built a $1bn position in struggling drugmaker Pfizer, and tens of thousands of striking machinists are threatening Boeing’s recovery.

Mentioned in this podcast: “You only go to the party if everyone is going”: finance bosses shun COP29 Spain to propose mini-coalitions to break EU capital markets stalemate Activist investor Starboard builds $1bn stake in drugmaker Pfizer ‘They’re just mad’: Boeing strikers prepare for long haul The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino.

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