This is an audio transcript of the FT News Briefing podcast episode: ‘Sequoia Capital to spin off its China business’Marc FilippinoGood morning from the Financial Times. Today is Wednesday, June 7th, and this is your FT News Briefing.[MUSIC PLAYING]The destruction of a huge dam in Ukraine could give Russia a military advantage. And one of the biggest US venture capital firms is splitting off its China business.Kaye Wiggins It just feels like this is a step towards accepting that in the long..