US prepared for protracted stalemate with Iran artwork
FT News Briefing

US prepared for protracted stalemate with Iran

Oct 23, 2026 · 14:45

Global stocks sold off as AI spending fears flare up, Brazilians will vote this weekend in a close presidential race, and the US is prepared for a lengthy stalemate in the war with Iran. Plus, how banks are reacting to a potential tax rise from UK chancellor John Healey, and why are western pharmaceutical companies heading to China?Mentioned in this podcast:Meta sell-off drags US tech stocks lower…