Glencore Jumps on Rio Merger Talks, Trump to Meet Venezuela's Machado | The Pulse 1/9/2026

Posted on 01/13/2026
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Glencore shares jumped almost 10% after the company confirmed that it's in talks to be taken over by Rio Tinto. A mega merger would create the world's biggest mining company, with a combined market value of more than $200 billion. It's little over a year since previous merger talks collapsed.

On the geopolitical front, US President Donald Trump says he's planning to meet Venezuela's opposition leader María Corina Machado as soon as next week.

Today's guests: Ludovic Subran, Allianz, CIO & Chief Economist; Irene Mia, International Institute for Strategic Studies, Latin America Senior Fellow; Dwayne Lysaght, JPMorgan, Co-Head of EMEA M&A; Roland Rudd, FGS Global, Global Chair

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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

00:00:24 - Glencore, Rio in talks to form world's biggest minter

00:03:32 - Markets brace for pivotal US jobs report, tariff ruling

00:04:18 - Ludovic Subran, Allianz Chief Investment Officer

00:13:57 - US oil bosses summoned to Washington

00:16:32 - Irene Mia, International Institute for Strategic Studies Senior Fellow

00:23:39 - Friday headlines

00:24:27 - Dwayne Lysaght, JP Morgan EMEA M&A Co-Head

00:31:27 - TSMC revenue tops estimates in upbeat outlook for AI

00:34:51 - Grammy-winning artist will.i.am on AI impact in the music industry

00:37:28 - Navarro sees end of China rare earths dominance

00:38:56 - Lagarde: Central bank independence critically important

00:40:45 - Roland Rudd, FGS Global, Global Co-Chair

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