UK drugmaker AstraZeneca is in talks to combine with US rival Bristol Myers Squibb, and European governments will hold an online meeting to discuss Spain’s migrant crisis. Plus, wildfires and heatwaves in Europe have already cost more than €3bn this year.

Mentioned in this podcast:

AstraZeneca holds talks with Bristol Myers Squibb over $400bn tie-up

EU ministers to discuss Spain’s migrant crisis after Sánchez hits out over criticism

Europe’s fire costs mount to beyond €3bn, FT analysis shows

Hungary braced for power cuts amid extreme drought

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

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Spain’s migrant crisis reopens deep EU rifts

FT News Briefing

Spain’s migrant crisis reopens deep EU rifts