Biden's Bruising Day, UK Listings Overhaul & Toy Drones Rewrite War Economics

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) President Joe Biden faced mounting opposition within his own party Wednesday as a Senate Democrat joined a growing number of House lawmakers in calling on him to step aside. (2) UK regulators have overhauled their rules for companies looking to make their public debut in London, part of a concerted effort to draw more initial public offerings to the City. (3) Chancellor of the Exchequer Rachel Reeves faces the prospect of a budgetary hole worth as much as £30 billion pounds ($39 billion) that would hinder the ability of the UK's new government to fix the country's ailing public services. (4) Archegos Capital Management founder Bill Hwang was found guilty of criminal charges stemming from his firm's 2021 collapse, concluding a two-month trial that captivated Wall Street. (5) Ukraine is deploying an aerial arsenal of toy drones and duct-taped bombs to fight Russia as the economics of war changes. See omnystudio.com/listener for privacy information.