Liz’s view Who buys Perella Weinberg? Who cares, says this reporter, who chased that tip for months. Competitive hackles aside, the ranks of the independent advisory boutique now seem like so much ego detritus, a horse painting above a fireplace. The case for boutiques hasn’t disappeared — there will always ...
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US trade representative declines to commit to imposing new Russian sanctionsUS trade representative declines to commit to imposing new Russian sanctions
The News MILWAUKEE — US Trade Representative Jamieson Greer on Thursday declined to commit to imposing recently enacted Russian sanctions, telling Semafor and two other outlets that officials plan to “name names” this month but it’s ultimately President Donald Trump’s decision whether to enact the levies. Trump signed the sanctions ...
UK seeks to strengthen ties with the EUUK seeks to strengthen ties with the EU
The UK plans to accelerate efforts to strengthen relations with the EU, just as the bloc is seeking ways to smooth the ground for potential new entrants to join. British Prime Minister Andy Burnham plans to launch a plan to rebuild ties with Brussels at a summit in November, the ...
US midterms race on a knife’s edgeUS midterms race on a knife’s edge
The US political calendar is shifting from making legislation to the fight for November’s midterms, with a top Democrat telling Semafor the race for control of Congress is “50-50.” US President Donald Trump is set to kick off a month of campaigning, though GOP candidates in tough battles have distanced ...
Meta’s Mark Zuckerberg quietly shaped Trump’s AI pactMeta’s Mark Zuckerberg quietly shaped Trump’s AI pact
Mark Zuckerberg was a driving force behind the pact US President Donald Trump signed with AI industry leaders, cementing the Meta chief executive’s central role in the political debate surrounding the technology. The leaders of OpenAI and Anthropic have gained notoriety for public proclamations of their products’ threat to humanity, ...
Deepseek and Huawei partner to develop AI softwareDeepseek and Huawei partner to develop AI software
Chinese tech giants DeepSeek and Huawei announced a partnership to develop semiconductor software, part of an array of efforts to reduce China’s reliance on US chipmakers and challenge American AI dominance. Though US firms are widely seen as leading the hardware and software race surrounding AI, the scales are tipping: ...
Global bond rout gathers pace as debt fears growGlobal bond rout gathers pace as debt fears grow
A global bond selloff accelerated as concerns intensified over inflation and mounting piles of government debt worldwide. US 10-year Treasury yields reached their highest level since 2002 — following a similar move by 30-year Treasurys this week — helping drive bonds in Asia lower, too. Europe in particular appears vulnerable ...
Schumer embraces Trump’s campaign travel, puts Senate fight at ‘50/50’Schumer embraces Trump’s campaign travel, puts Senate fight at ‘50/50’
The Scoop Senate Democratic Leader Chuck Schumer and GOP campaign chair Tim Scott have something in common: They’re both really excited for President Donald Trump to hit the campaign trail. “When Trump travels, he hurts people,” Schumer told Semafor in an interview on Wednesday evening. “When he comes to town, ...
US economy shows resilience on solid consumer spending, growth dataUS economy shows resilience on solid consumer spending, growth data
Cooler-than-expected August inflation data and strong consumer spending lifted markets Wednesday before a frantic final hour of trading erased gains, underlining US economic resilience amid enduring concerns over elevated fuel prices. “Spending remained strong in August, but income growth is not keeping up,” Navy Federal Credit Union’s chief economist told ...
White House huddles on possible diesel export ban: ReportWhite House huddles on possible diesel export ban: Report
US President Donald Trump held crisis talks over whether to institute a diesel export ban as fuel prices surge nationwide, the Financial Times reported, with one industry figure suggesting a ban was “getting pretty close to movement.” Top Republicans have called on Trump to “stop the bleeding” as soaring prices ...