Your morning briefing, the business news you need in just 15 minutes.

On today's podcast: 

(1) Business leaders tells us the government has failed to meet the twin challenges of Brexit and the foreign subsidies arms race.

(2) 167 years of independence come to an end -- UBS finalizes it takeover of troubled rival Credit Suisse.

(3) Odey Asset Management removes its founder following fresh assault allegations.

(4) Boris Johnson quits parliament and the former Scottish First Minister Nicola Sturgeon is arrested.