With Democrats threatening to block a Foreign Intelligence Surveillance Act extension over the elevation of Bill Pulte to be acting director of national intelligence, some Republicans say the way out is pretty simple. “Democrats are not going to vote to pass 702 until he’s withdrawn,” said Sen. John Cornyn, R-Texas. ...
Category: Semafor
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Greer heads to Silicon Valley to promote onshoringGreer heads to Silicon Valley to promote onshoring
US Trade Representative Jamieson Greer files to California later this week for a tour of manufacturing facilities that will hype the Trump administration’s efforts to onshore jobs, according to plans shared first with Semafor. Greer is slated to visit Tesla and NextFlex in Fremont and San Jose, respectively, on Thursday ...
Germany bears the brunt of China Shock 2.0Germany bears the brunt of China Shock 2.0
Andy’s view Beijing often gets blamed for the devastation of US factory towns that spawned an opioid epidemic and a populist revolt, but the “China Shock” was largely a Made-in-America phenomenon — one led by US multinationals. After Washington ushered China into the World Trade Organization in 2001, US Fortune ...
China is keeping oil markets balancedChina is keeping oil markets balanced
Amena’s view When it comes to managing oil markets, the focus typically falls on OPEC and its efforts to regulate supply. Yet with the Strait of Hormuz effectively closed for more than three months and roughly 12 million barrels per day of OPEC+ production shut in, market balancing has taken ...
Republicans want Trump and Netanyahu to smooth things overRepublicans want Trump and Netanyahu to smooth things over
The News Republicans are in a place where they prefer to see Democrats: caught in a bind on US-Israel relations. Many GOP lawmakers don’t like the tense dynamic between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu on the Iran war, particularly the rift between them that reopened over ...
OpenAI files to go public in major test of AI investment boomOpenAI files to go public in major test of AI investment boom
OpenAI confidentially filed for an IPO on Monday, one week after rival Anthropic and ahead of SpaceX’s expected public debut Friday, setting up a trio of potential trillion-dollar US tech debuts. Valued at more than $850 billion, the Sam Altman-led firm jumped to the front of the AI race in ...
Republicans want Trump and Netanyahu to return to lockstepRepublicans want Trump and Netanyahu to return to lockstep
The News Republicans are in a place where they prefer to see Democrats: caught in a bind on US-Israel relations. Many GOP lawmakers don’t like the tense dynamic between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu on the Iran war, particularly the rift between them that reopened over ...
Chip stocks rose on Monday, following last week’s selloffChip stocks rose on Monday, following last week’s selloff
Chip stocks rose more than 5% on Monday, following a selloff last week that knocked off more than $1 trillion in market value. The rebound was a sign that the AI-powered bull run isn’t coming to an end any time soon. “A correction was inevitable and ultimately healthy,” a Morgan ...
SpaceX IPO a boon for banks, ultrarichSpaceX IPO a boon for banks, ultrarich
SpaceX’s public market debut, expected on Friday, will create remarkable wealth — but only a sliver of investors will reap the bulk of the gains. Like with many IPOs, most individual investors won’t get in at the offering share price, which usually delivers a first-day pop before fizzling out. That ...
Apple shares fall on Siri’s AI upgradeApple shares fall on Siri’s AI upgrade
Apple on Monday announced an AI-driven overhaul of its Siri voice assistant, but the long-awaited rollout left investors underwhelmed. Shares in the US tech giant fell nearly 2%; many of the new AI features Apple announced were similar to advances that were previously unveiled and delayed, and are central to ...