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

On today's podcast:

(1) US lender PacWest confirms Bloomberg's reporting that it's discussing options, including a possible sale.

(2) Powell hints rates have peaked as the Federal Reserve hikes by a quarter point.

(3) The ECB gets ready to reveal its latest rates decision.

(4) Vodafone and CK Hutchison are reported to be close to agreeing a £15bn tie-up.