Category: Semafor

Under pressure from federal and state lawmakers, Kalshi promised to ratchet up scrutiny of athletes and politicians who trade on their own contests. “All markets have bad actors,” a lawyer for the prediction market operator wrote. “We believe that staying ahead of bad actors means developing new technology and policies.” ...

Southeast Asian countries’ planned expansion of gas power could increase the cost of generating electricity to $109 billion by 2030 based on future price projections — more than double the cost of generating the same amount of electricity with solar, according to analysis by energy think tank Ember. Gas generation ...

The US electricity grid is increasingly vulnerable to cyberattacks, a senior US energy official told Semafor. As the grid expands to keep up with the AI race, “you have a growing surface of attack on which our adversaries can target us,” said Alexander Fitzsimmons, the Acting Undersecretary of Energy. “The ...

The News Senate Minority Leader Chuck Schumer has indicated to colleagues that he sees a potential deal to reopen the Department of Homeland Security this week — but is still seeking more concessions, according to two people briefed on the conversations. The New York Democrat and his 47-member caucus are ...

A cyberattack on a US breathalyzer firm left thousands unable to drive, underscoring once again the risk of growing internet connectivity for devices designed for offline activity. Intoxalock provides court-mandated breath tests to drivers with DUI convictions; if they fail the in-car test, their vehicle won’t start. But the unspecified ...

A US judge will begin hearing arguments today in Anthropic’s legal case against the Pentagon, which it accuses of breaching its rights by designating it a supply chain risk.  The Department of Defense said the AI company could no longer work with military contractors after Anthropic refused to allow its ...

Chevron’s CEO said Venezuela must do more to liberalize its oil and gas sector, despite the country’s recent moves to court oil giants. Washington wants Caracas to loosen restrictions to help ramp up crude production, a push that has gained momentum as the Iran war sends fuel prices soaring. But ...

Stocks rose and oil prices fell after US President Donald Trump eased his threats on Iran. Trump announced a five-day suspension of US strikes on Iran’s energy infrastructure, hailing productive talks with Tehran, which Iranian officials denied even took place. Trump’s sudden talk of de-escalation — he said the US ...

Drivers lined up at gas stations across China on Monday, as the country starts to feel the pain of the energy shock triggered by the Iran war. China has a considerable crude stockpile and is swiftly electrifying its economy, but hundreds of millions of drivers who still rely on gas ...

Europe is quietly supporting the US’ campaign against Iran, even as President Donald Trump lambasts the continent for staying on the sidelines. US military bases in the UK, Germany, Portugal, Italy, France, and Greece are fueling and launching American bombers and drones. The continent’s cooperation underscores how any move to ...