Tim Cook will step down as Apple’s chief executive in September, representatives for US President Donald Trump’s ‘Board of Peace’ held discussions with DP World about managing supply chains in Gaza, and UK Prime Minister Keir Starmer fended off calls for him to quit over the Peter Mandelson vetting affair. Plus, wealth advisers at banks and independent brokerages generated billions of dollars in fees by steering individual investors into private market funds.

Mentioned in this podcast:

Tim Cook to step aside as Apple chief executive in September

Donald Trump’s ‘Board of Peace’ held talks with DP World over Gaza reconstruction

Keir Starmer accused of scapegoating officials over Peter Mandelson scandal

Keir Starmer was told to vet Peter Mandelson before appointing him

Wealth advisers made more than $2bn from private capital fees

Kevin Warsh: Trump’s next fall guy at the Fed?

Credit: UK Parliament

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Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. 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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MPs chastise Starmer over Mandelson scandal

FT News Briefing