Chinese authorities are demanding wealthy individuals and companies double-check their taxes for unpaid liabilities, and the largest US companies are facing two starkly different financial futures after the election. The UK Conservative party elects right-wing Kemi Badenoch as leader, and share prices of clean hydrogen companies have collapsed due to delayed projects and dwindling demand.

Mentioned in this podcast:

China piles pressure on rich people and companies to cough up taxes

What’s at stake in US election? $250bn in taxes for corporate America

Kemi Badenoch wins Conservative party leadership race

US and European hydrogen stock prices collapse as prospects deflate

The FT Alphaville pub quiz returns to New York City this November

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. 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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The $250bn in corporate taxes riding on US election

FT News Briefing

The $250bn in corporate taxes riding on US election