US fuel exports have surged to a record level, and hedge funds had their best month since 2020. Plus, Samsung Electronics is locked in a feud with its workers over how to share the spoils of the AI-driven semiconductor boom, and LVMH is considering selling some of its iconic brands.

Mentioned in this podcast:

US fuel exports hit record in boon for oil companies and threat to Trump

LVMH goes from buyer to seller as luxury’s winter drags on

Tech rally hands hedge funds biggest gains since 2020

Samsung workers demand bigger slice of surging AI profits

Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Katya Kumkova, Saffeya Ahmed, and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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LVMH looks to shrink its luxury empire

FT News Briefing

LVMH looks to shrink its luxury empire