Scott Bessent said the US would expand the scope of secondary sanctions on Iran, and JPMorgan Chase is relaxing its approach to lending money against shares in companies that have recently gone public. Plus, US private equity growth funds raised a record amount of capital in the first half of this year, and Pakistan’s focus on securing US financing is a big shift after years of relying on state loans from China.

Mentioned in this podcast:

Scott Bessent threatens more US sanctions on Iran’s economic partners

JPMorgan eases approach on lending against shares to court AI’s new wealth

Private equity growth funds attract record first-half inflows as sector rebounds

Pakistan seeks US funding in shift from reliance on China

Credit: NBC News

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. 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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US threatens Iran’s economic partners

FT News Briefing

US threatens Iran’s economic partners