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

On today's podcast:

(1) UBS announces a new leadership team and operating model.

(2) Investors believe the UK will see the G7's biggest drop in living standards.

(3) Mitch McConnell talks debt limit deadlock as Bill Gross urges investors to buy T-Bills.

(4) Goldman to pay $215 million to settle claims it underpaid women.