Category: Semafor

SpaceX on Wednesday filed confidentially to go public, according to reports, setting up what could be the largest IPO ever. The Elon Musk-founded rocket and satellite maker is aiming to hit the stock market in June, with the goal of raising $50-75 billion from going public, per The New York ...

US regulators on Wednesday approved Eli Lilly’s GLP-1 pill for sale in the country, opening up a new phase in weight-loss medication. The drug, which will be sold under the brand name Foundayo, will compete with the pill version of Novo Nordisk’s Wegovy, approved in December. But Lilly’s pill is ...

A new AI-powered tool is helping track restitution work underway across Africa. Launched this week by pan-African research organization Open Restitution Africa, the platform helps to collate and narrativize the often-fragmented research and bureaucracy involved in the return of artifacts to Africa, many of which were stolen by Europeans during ...

War in the Middle East could cost Africa as much as 1.5 percentage points of growth this year, the African Development Bank said. A scenario in which the conflict stretched for six months would hurt the continent’s already fragile prospects and expose fiscal constraints on economies struggling to fund basic ...

South African President Cyril Ramaphosa launched a nearly $200 billion investment drive aimed at accelerating economic recovery and industrialization in the face of growing worry over the impact of the Iran war on the continent’s biggest economy. For more than a decade, South Africa’s economy has barely grown, leaving it ...

David’s view The murals went up in Chicago, Washington, Los Angeles, San Francisco, and Fort Lauderdale before Democrats finally took notice. In September, weeks after the fatal stabbing of Ukrainian refugee Iryna Zarutska on a Charlotte light rail train, Elon Musk joined a crowdfunded campaign to paint murals of her ...

The News GOFFSTOWN, N.H. — Rahm Emanuel took the stage at his first New Hampshire town hall, and the land acknowledgement began. “We also want to acknowledge that this land is part of the ancestral homeland of the Abenaki people and the Wabanaki Confederacy, whose connection to this place continues ...

Brent crude fell below $100 a barrel while Asian and European stock markets rose after US President Donald Trump said the war in Iran could end in “two or three weeks.” Trump — who is due to deliver a national address later today — said that “we have had regime ...

Germany’s economy minister said her country should rethink its opposition to nuclear energy, saying it leaves Europe’s biggest economy vulnerable to fossil fuel price swings. Her remarks to the Financial Times are one of a number by senior officials scrambling to address the energy upheaval caused by the Iran war, ...

Argentina’s poverty rate fell last year to its lowest level since 2018, a major victory for President Javier Milei even as progress against inflation stalls. Since becoming president in 2023, Milei has overseen a remarkable turnaround of South America’s second-biggest economy: His cuts to subsidies and pensions have led to ...