Swamp Notes

• Big Pharma’s big tariffs

  When US President Donald Trump threatened 200 per cent tariffs on foreign-made pharmaceuticals, investors responded like it was a placebo. It’s the latest spat between drugmakers and an administration that share a complicated relationship. The FT’s Hannah Kuchler and Patrick Temple-West explain why Trump and Big Pharma aren’t getting along, and what that prescribes for the future of the industry.Mentioned in this podcast:Email Marc your questions ([email protected])Investors shrug off Donald Trump’s 200% tariff on pharmaThe looming ‘patent cliff’ facing Big PharmaSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Henry Larson. Topher Forhecz is the FT’s executive producer. The FT’s acting co-head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. CREDIT: The White House, Roll CallRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• The corporate winners and losers under Trump

  US President Donald Trump’s approach to the economy has left investors on edge and markets unsure how to react. But his tariffs, trade deals and Truth Social posts have left some corporations better off than others. The FT’s Derek Brower and Gregory Meyer break down who is coming out on top, and who is getting left behind.Mentioned in this podcast:Triumphing under Trump: the corporate winners and losersIs Donald Trump’s ‘big, beautiful bill’ a political curse for Republicans?Sign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Henry Larson. This week’s episode was mixed by Samantha Giovinco. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. CREDIT: The White House, LiveNOW from Fox, ForbesRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• John Bolton on the Iran war that wasn’t

  After more than a week of fighting between Israel and Iran, US President Donald Trump bombed the Islamic republic and then announced a ceasefire. Former national security adviser John Bolton and the FT’s chief foreign affairs commentator Gideon Rachman share their views on what America’s relationship with Iran should look like next and what will happen to the embattled regime.Mentioned in this podcast:Email Marc with your questions ([email protected])How Israel inadvertently reawakened Iranian nationalismEarly intelligence suggests Iran’s uranium largely intact, European officials sayTrump’s fragile peace in the Middle EastListen to the Rachman Review podcast Sign up for the FT’s Swamp Notes newsletterSwamp Notes is produced by Henry Larson. Kelly Garry mixed this week’s episode. The FT’s acting co-head of audio is Topher Forhecz. Special thanks to Pierre Nicholson.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• Trump considers war in Iran

  As the conflict between Israel and Iran enters its second week, US President Donald Trump is openly considering bombing the Islamic republic. If he does, he runs the risk of angering a faction in his coalition that has long derided US military intervention overseas. The FT’s Edward Luce and Guy Chazan unpack the conservative power players and Maga influencers who now find themselves on opposite sides. Mentioned in this podcast:Donald Trump’s anti-war pledge tested as Israel’s attack on Iran splits Maga baseMaga’s battle with Israel for Trump’s mindHow Trump can offer Iran a way outSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Henry Larson and Lauren Fedor. This week’s show was mixed by Kelly Garry. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. CREDIT: Tucker Carlson, OANN, Christian Science Monitor, Fox NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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• What a militaristic president means for democracy

  US President Donald Trump deployed federal troops to quell protests in Los Angeles the same week of a massive military parade in Washington, DC. How might this change the relationship between the country and its military? James Politi, the FT’s Washington bureau chief, and Chris Mirasola, law professor at the University of Houston, break down how the administration is defending its growing comfort with displays of armed force.Mentioned in this podcast:Donald Trump tests limits of presidential authority by sending troops into Los AngelesUS court halts order demanding Donald Trump return control of California’s National GuardSign up for the FT’s Swamp Notes newsletter hereSwamp Notes is produced by Henry Larson, Katya Kumkova and Lauren Fedor. Kelly Garry mixed this episode. The FT’s acting co head of audio is Topher Forhecz. Special thanks to Pierre Nicholson. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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