The “spin” is Trump threatened Zelensky unless he looked into Biden corruption. Same accusation that’s been made all along, and the DEMs hold up this transcript as proof of the accusation.
The Ukrainian President even asked for more information if you have it.
Which is nonsense:
"we do a lot for Ukraine. We spend a lot of effort and a lot of time. [...] the United States has been very very good to Ukraine"
[multiple unrelated topics discussed]
"The other thing, There's a lot of talk about Biden's son,. that Biden stopped the prosecution and a lot of people want to find out about that so whatever you can do with the Attorney General would be great. Biden went around bragging that he stopped the prosecution so if you can look into it ... It sounds horrible to me."