Andy Burnham Win Puts UK PM Under Pressure & US-Iran Talks Called Off | The Pulse 6/19/2026

UK Prime Minister Keir Starmer is facing fresh calls to resign, after potential leadership rival Andy Burnham comfortably won the special election in Greater Manchester, to return to parliament. His victory paves the way for him to challenge Starmer for the top job.

The US Vice President JD Vance has postponed a trip to Switzerland, where face-to-face talks over Iran’s nuclear program were meant to begin. The Swiss Foreign Ministry confirmed the postponement without giving a reason. A White House spokesperson cited logistical challenges for the delay.

And Bloomberg has learnt that the US Commerce Secretary Howard Lutnick has expressed concern to ASML executives, that one of its top-of-the-line chipmaking machines may have made its way into China, in violation of US-led export restrictions. ASML has pushed back, saying it has never shipped an EUV machine to China.

Today’s guests: Mark Haefele, UBS Global Wealth Management, CIO; Laurel Rapp, Chatham House, US and North America Programme Director; Jane Green, University of Oxford, Politics Professor.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:01:56 – Andy Burnham wins UK’s Makerfield special election
00:06:02 – Vance delays Swiss trip for Iran talks
00:07:53 – Mark Haefele, UBS Global Wealth Management, CIO
00:16:59 – Supertankers ready to pass through Hormuz
00:18:45 – Laurel Rapp, Chatham House, US and North America Programme Director
00:25:10 – Friday headlines
00:25:41 – US concerned China may have ASML top chip tool
00:29:39 – EU’s Virkkunen: EU has AI legislation
00:32:48 – EU’s Costa defends Putin back channel
00:38:02 – Tracking the costs of a chocolate croissant
00:42:30 – Jane Green, University of Oxford, Politics Professor
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