Spoiler alert: The following contains major spoilers for Industry Season 3, Episode 3
In the latest episode of Industry, we see various characters grappling with their personal issues and professional setbacks while travelling to Switzerland for the COP climate conference.
The episode begins with a tense call in which Mock defends his actions while Eric Tao, leading the discussion, tries to handle the fallout from Lumi’s failure. Eric receives a message from senior manager Wilhelmina Fassbinder, offering him a new opportunity, but it turns out to be a way for the company to pin the responsibility on him. After Lumi’s poor IPO performance, other companies considering deals with Pierpoint panic, fearing they will be treated the same way.
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Bill Adler, a key figure in Lumi’s launch, is on personal leave, which in corporate parlance is called being suspended. Eric is now tasked with managing Pierpoint’s reputation and is sent to a climate conference in Switzerland to oversee Lumi’s public session. Yasmin, who was originally scheduled to accompany him, joins Robert Spearing, who is aware of Lumi’s troubles.
Meanwhile, Harper Stern, who was fired from Pierpoint, is working at Futuredawn. Petra Koenig, a senior manager at Futuredawn, has had a falling out with her boss, Anna Giering, and now plans to start her own investment firm. Petra and Harper travel to Switzerland to target investors at the conference and lure them away from Anna’s future deals.
Petra and Harper try to make their mark by launching a new fund, Leviathan, and attempting to steal investors from Anna. They initially struggle but eventually gain momentum, especially after Harper impresses Otto Mostyn with her pitch and secures support for the fund.
Harper seizes the opportunity to take revenge on Eric by causing a scene at the Lumi panel discussion. She publicly criticizes Lumi’s failing stock and reveals insider information, which attracts the attention of influential investor Peter Ferguson. This leads to Petra and Harper gaining backing for their new fund, Leviathan.
Meanwhile, Eric’s attempts to save his career fail miserably, leading him to a humiliating encounter with Petra and Harper. Mak’s personal and professional life also fall apart when Yasmin convinces Mak to leave Lumi, which could help him deal with his financial problems. She also uses her connections to help Harper, further complicating the dynamics between her, Eric, and the new competitors.
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