Donald Trump testifies in New York today, Japan’s prime minister turns to stimulus to offset the pain of inflation, private equity is getting pummelled by higher interest rates, and Berkshire Hathaway reported a record amount of cash on hand.

Mentioned in this podcast:

Japan’s PM Fumio Kishida bets on $113bn stimulus to tackle inflation pain

Private equity: higher rates start to pummel dealmakers

Warren Buffett’s Berkshire Hathaway sells stocks as cash pile swells to record levels

Donald Trump prepares to testify in New York civil fraud trial

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Joanna Kao, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Episode 1189 - Millennial Farmer