China Blocks Meta’s $2 Billion AI Deal; DeepSeek Slashes Prices | The Pulse 4/25

China has decided to block Meta’s $2 billion acquisition of agentic AI startup Manus, a surprise move to unwind a controversial deal that’s drawn fire for the leakage of technology to the US.
Meanwhile DeepSeek is aggressively pitching low-priced-plans for its just-released flagship model, intensifying competition across a Chinese artificial intelligence industry trying to take on Silicon Valley’s best.

Today’s guests:
Simon Dangoor, Goldman Sachs Asset Management, Fixed Income Deputy CIO & Fixed Income Macro Strategies Head; Julie Norman, University College London, Professor; Evie Aspinall, British Foreign Policy Group, Director.

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“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:41 – Iran’s FM in Russia to meet with Putin amid US talks stalmate
00:03:38 – Gunman in DC gala attack to be arraigned Monday
00:06:21 – Simon Dangoor, GS Asset Management, Fixed Income CIO
00:16:55 – Julie Norman, UCL Professor
00:23:55 – Monday headlines
00:24:47 – UK-US roundtable: Bloomberg’s Joe Mayes & British Foreign Policy Group’s Evie Aspinall
00:33:15 – China blocks Meta’s $2 billion acquisition of Manus
00:38:27 – Leaders with Francine Lacqua: Emma Grede, Good American CEO & Co-founder
00:44:45 – HSBC reviews school fee perks for Hong Kong bankers
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