The Scoop New York City Mayor Zohran Mamdani is bringing his populist bent to bear on a little-noticed merger. Mamdani is urging New York State’s top financial regulator to block Western Union’s $500 million deal for Intermex, a money transferrer that mostly services immigrants sending remittances back to Latin America. ...
Category: Semafor
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Vision 2030’s biggest breakthrough isn’t in the chartsVision 2030’s biggest breakthrough isn’t in the charts
Wael’s view On paper, Vision 2030 is succeeding. The Saudi government’s latest annual report on its diversification strategy shows real GDP up 4.5% in 2025, while non‑oil activities now account for more than half the economy, and unemployment is at historic lows. The machinery of 1,290 initiatives and nearly 400 ...
Russian ship bound for N. Korea sank in ‘mysterious circumstances’, report findsRussian ship bound for N. Korea sank in ‘mysterious circumstances’, report finds
A Russian ship reportedly carrying two nuclear reactors bound for North Korea sank in mysterious circumstances off the coast of Spain, a CNN investigation found. The 2024 sinking of the Ursa Major — which the outlet said had a hole in its bow with the damaged metal facing inward, suggesting ...
CIA kills cartel boss in secret Mexico operationCIA kills cartel boss in secret Mexico operation
The CIA reportedly killed a cartel boss in a secret operation in Mexico, the latest sign of Washington’s increased interference in Latin American security. US President Donald Trump has made stopping drug flows across the southern border and cracking down on cartels a priority in his second term. The moves ...
Big Bang origin theory disputed by scientistsBig Bang origin theory disputed by scientists
The largest-ever survey of physicists found they disagree on some of science’s greatest questions. Popular understanding of science thinks of the Big Bang as the moment time itself started, but only 20% agreed with that; 68% thought it was just a hot, dense state. They also disagreed over whether Schrödinger’s ...
Mubadala-backed M42 pitches genomics data platform to the worldMubadala-backed M42 pitches genomics data platform to the world
The Scoop Abu Dhabi healthcare company M42 has begun pitching its genomic sequencing platform to governments and pharmaceutical companies around the world, and is rolling out AI chatbots tailored to patients with chronic diseases, its CEO told Semafor. It is part of a data-led push that will see M42 launch ...
Nvidia CEO joins Trump in China despite ‘awkward’ politicsNvidia CEO joins Trump in China despite ‘awkward’ politics
The News President Donald Trump restored Nvidia’s Jensen Huang to the list of CEOs accompanying him to China at the 11th hour Tuesday, in spite of worries that the chipmaker’s presence could be a political liability. The president “called Jensen this morning after seeing reports that he wasn’t joining trip. ...
SK official proposes AI dividend for citizens, spooking investorsSK official proposes AI dividend for citizens, spooking investors
A top South Korean official proposed that citizens should share in the profits of the country’s AI chip boom. Samsung and SK Hynix have seen huge profits and soaring share prices as demand for semiconductors surges. Kim Yong-beom’s suggestion that some of that windfall should be redistributed to support basic ...
Iran war draws in more Gulf nationsIran war draws in more Gulf nations
US President Donald Trump on Tuesday said Iran must strike a deal or “be decimated,” as Gulf nations’ involvement in the war came into clearer view. The warning, which Trump issued as he departed for Beijing, underscored the fragility of the ceasefire with Tehran and the stalemate in the Strait ...
OpenAI’s Altman under scrutiny amid trial, IPO plansOpenAI’s Altman under scrutiny amid trial, IPO plans
The head of OpenAI is facing heightened scrutiny thanks to a lawsuit from Elon Musk and a massive, planned IPO. Sam Altman took the stand Tuesday in the trial against Musk; the Tesla CEO, who also co-founded OpenAI, has accused the AI startup of betraying its original nonprofit mission. Musk ...