Meta’s revenues jumped by more than a quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment supplier, and earnings from Boeing reflected a slowdown of 737 Max production and compensation to customers. Plus, weapon shipments are heading to Ukraine after President Joe Biden signed a highly anticipated $95bn foreign aid bill.

Mentioned in this podcast:

Meta shares fall as it predicts higher expenditure on AI

EU conducts ‘dawn raid’ on Chinese security equipment supplier

Pentagon rushes $1bn in weapons to Kyiv after Biden signs aid bill

Joe Biden tells Volodymyr Zelenskyy US weapons will arrive ‘quickly’

Boeing burns through $4bn in first quarter after door plug blowout

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by 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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