Category: Semafor

The US has used up “virtually all” of its highly accurate long-range missiles during the Iran war, Reuters reported, raising doubts about Washington’s preparedness. The US has also expended nearly two-thirds of its Patriot interceptors, CSIS found. The Pentagon’s rush to plug shortfalls has sparked a bonanza among incumbent military ...

SpaceX’s revenue jumped 92% from a year ago, blowing past Wall Street expectations in the rocket maker’s first post-IPO earnings report, after weeks of bumpy trading. Starlink’s growth was driven by consumer, government, and enterprise businesses, SpaceX’s president told analysts, highlighting recent tie-ups with major airlines. Still, shares wobbled after ...

Stocks jumped and Brent crude prices plunged Tuesday after the US signaled a deal to reopen the Strait of Hormuz could be imminent, but the drop is unlikely to translate to immediate relief at the pump. US President Donald Trump castigated oil majors for not doing more to bring down ...

The News The Trump administration is under increasing pressure to answer questions about the management of Venezuela’s oil revenue. House Oversight Committee Democrats wrote to the Treasury, Energy and State departments and asked what they’ve done with the $13 billion that Trump said the US has collected from selling Venezuelan ...

Several Democrats are pushing for Ohio GOP Rep. Max Miller to resign or face expulsion over allegations of domestic abuse, but privately some wouldn’t mind if he stuck around for now. Democrats think Miller is the weakest nominee that ironworker Brian Poindexter could face this fall in a district Trump ...

Taiwan’s “Tiger economy” is back, propelled by chips and other AI-related exports to the US, capping a decade-long pivot away from the mainland market. Economic growth is on track to expand 11% for the full year, more than double the rate of China. For the first time in a quarter ...

China’s tech giants are deepening their push into enterprise AI to drive profits. For years, China’s AI race was dominated by a quest for market share, but Alibaba and Tencent are now also trying to grow by bundling their models into workplace tools, while ByteDance announced last week it was ...

President Donald Trump has a social-media site. He says market-moving things on that site, which is now selling early access to those things for $100,000 a month. It’s a blatant bit of self-dealing, requiring none of the complicated flow charts that accompany most reporting about all the other ways the ...

AstraZeneca’s deal talks with US-headquartered Bristol Myers Squibb, which Semafor confirms remain active, would strike another blow to the UK’s effort to keep hold of its corporate champions. A merger would tilt AstraZeneca’s revenues even further away from the UK and Europe and could portend a full relisting in New ...

This is what capitulation looks like: Airtable, a maker of workflow software, is being sold for just 10% of its peak valuation. It’s a sign that some companies hit hard by the SaaS selloff (or their venture-capital backers, as Airtable is still privately held) are bowing to reality and taking ...