Hungary’s prime minister Viktor Orbán concedes, US President Donald Trump says America will launch a naval blockade of the Strait of Hormuz after peace talks with Iran failed, and Wall Street banks are set to report trading revenues of more than $40bn for the first quarter. Plus, Meta is building an AI version of its CEO Mark Zuckerberg.

Mentioned in this podcast:

Hungary’s Orbán concedes defeat as opposition heads for landslide win

Trump announces naval blockade of Strait of Hormuz as Iran peace talks fail

Fees for seas: a history of taxing waterways

Wall Street banks set to report $40bn trading haul as war rekindles volatility

Meta builds AI version of Mark Zuckerberg to interact with staff

Credit: DWS News

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

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Saffeya Ahmed and Julia Webster. Our show was mixed by Alex Higgins. Additional help from Peter Barber. 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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Hungary ousts longtime prime minister Viktor Orbán

FT News Briefing