Shares of UK chip designer Arm fell after its revenue forecast for the current quarter left Wall Street underwhelmed, the US’s top diplomat has provided Washington’s most detailed plan for the postwar future of Gaza, Portugal’s corruption scandal is spelling trouble for the government’s economic plans, and US President Joe Biden got some pretty conflicting news for his re-election campaign this week.

Mentioned in this podcast:

UK chip designer Arm’s shares fall after disappointing revenue forecast

US calls for Palestinian Authority to run Gaza and West Bank after the war with Hamas

Portugal’s economic plans in disarray after PM resignation

Portuguese PM António Costa resigns as corruption crisis erupts

Democratic wins in US state votes boost Joe Biden

‘People are frustrated’: Gaza war opens rift among US Democrats

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Arm wrestles with bad first quarter as a public company

FT News Briefing