America’s puzzling yen intervention artwork
FT News Briefing

America’s puzzling yen intervention

Aug 4, 2026 · 12:01

Novo Nordisk’s CEO checks in on his first year at the helm, and Russia is quietly assembling a "shadow fleet" of ships to circumvent EU sanctions. Plus, we take a deep dive into a historic joint intervention in Japan’s currency.Mentioned in this podcast:‘Arrogance kills’: Novo chief injects risk-taking into Ozempic-makerAstraZeneca investors raise concerns over mega-merger talksRussia expands shad…