Category: Semafor

The News LeBron James’ longtime business partner has been laying the groundwork to grow the basketball superstar’s business when he steps away from the game. In an appearance at last week’s Semafor World Economy gathering, Maverick Carter said that changes in the tech and media landscape allowed James some flexibility ...

India’s pharmaceutical companies are in an intense race to create cheaper generic versions of weight-loss drugs after the patent for the active ingredient semaglutide expired in the country. The surge in GLP-1 development — which one executive called a “bloodbath” — comes as the industry rushes to meet the growing ...

Progressive leaders of mostly small to mid-sized countries held a rally in Barcelona on Saturday, reflecting an emerging coalition of middle powers positioning themselves as alternatives to nationalist politics. At the gathering, convened by Spanish Prime Minister Pedro Sánchez and Brazil’s Luiz Inácio Lula da Silva, participants avoided mentioning US ...

A bipedal humanoid robot finished a half marathon in China in under 51 minutes, underscoring rapid advancements in the country’s physical AI sector. The winner, made by Chinese smartphone maker Honor, beat the fastest-ever human half marathon time — with the caveat that the robot crashed and had to be ...

The US struck and seized an Iranian-flagged cargo ship trying to evade a blockade in the Gulf of Oman, President Donald Trump said Sunday, as Tehran reversed its decision to reopen the Strait of Hormuz. The incident — the first in which the US used force to impose its blockade ...

Fresh uncertainty around the Strait of Hormuz over the weekend compounded concerns over global energy supplies ahead of a busy travel season. Even if the waterway were to reopen, it’s unclear how quickly insurance rates would come down, and tankers would still need several weeks to complete their journeys, Semafor’s ...

The News President Donald Trump on Saturday signed an executive order directing federal agencies to speed up research on the therapeutic effects of psychedelics like LSD and ibogaine. “Today’s order will ensure that people suffering from debilitating symptoms might finally have a chance to reclaim their lives,” Trump said in ...

Washington and Tehran announced an opening of the Strait of Hormuz, a tentative breakthrough in the global energy crisis — but one that only makes the oil market more distorted. US oil prices plunged after Iran’s foreign ministry said that the strait was “completely open for the remaining period of ...

Reed’s view I had two big questions this week for Michael Kratsios, director of the White House Office of Science and Technology Policy, at Semafor World Economy in DC. If the administration’s policy is to cut funding for the wrong research, how do you determine which scientific endeavors lack merit? ...

The people who manage technology and the people who manage people are starting to converge. As C-suite staff go, chief technology officers and chief human resources officers haven’t always overlapped much. But as more AI agents are employed in businesses, top executives are increasingly having to work together to manage ...