# European defence stocks face uncertainty Page: https://stenobird.com/podcast/ft-news-briefing-73509/european-defence-stocks-face-uncertainty Text version: https://stenobird.com/podcast/ft-news-briefing-73509/european-defence-stocks-face-uncertainty.md Podcast: [FT News Briefing](https://stenobird.com/podcast/ft-news-briefing-73509) Published: 2026-06-25T04:00:00+00:00 Episode link: https://shows.acast.com/ftnewsbriefing/episodes/european-defence-stocks-face-uncertainty Audio file: https://sphinx.acast.com/p/acast/s/ftnewsbriefing/e/6a3c6dcb5a67dba1ad5b20ec/media.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/ft-news-briefing-73509/episodes/european-defence-stocks-face-uncertainty Duration seconds: 688 ## Resource Anthropic accuses Alibaba of obtaining ‘illicit’ access to Claude, and concern is brewing over KNDS’s upcoming initial public offering after Germany scraps warship plans. Plus, Meta is turning to AI content moderators, and the FT’s John Plender breaks down Donald Trump’s contributions to the US national debt.  Mentioned in this podcast: Anthropic accuses Alibaba of obtaining ‘illicit’ access to Claude Meta races to replace human moderation with AI Berlin warship U-turn hits defence sector as KNDS heads to market Trump’s empire of debt Tell us your thoughts to enter a prize draw for a chance to win a pair of Bose QuietComfort Headphones worth £229.  Take our survey: https://www.feedback.ft.com/c/a/6f9bJBvxsxaEBSIB5esBIS Over 18s only. Find full T&Cs here   Prize Draw winners’ surnames and regions may be made available upon request, as required by the Advertising Standards Authority. If you do not want your information to be made available, please email Privacy.Officer@ft.com upon entry. For more information on your rights and how we use your data, please read our Privacy Policy . Want to get in touch? Email us at podcasts@ft.com Note: The FT does not use generative AI to voice its podcasts  The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips 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 Hosted on Acast. See acast.com/privacy for more information. ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/ft-news-briefing-73509/episodes/european-defence-stocks-face-uncertainty/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/ft-news-briefing-73509/european-defence-stocks-face-uncertainty.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.