Category: Semafor

President Donald Trump is spending his second day out west on Wednesday, with a planned speech in Las Vegas highlighting his administration’s efforts to address the cost of living. The trip, which began with an Republican National Committee fundraiser in California on Tuesday, comes at a dire time for the ...

The Trump administration told a handful of tech firms Tuesday that it will not publicly release its new framework for voluntary government reviews of advanced AI models, people familiar with the meeting told Semafor. The decision, reported first by Axios, is fueling industry concerns that firms not briefed on the ...

The News With the brutal Michigan primary behind them and Abdul El-Sayed looking likely to be their nominee, Senate Democrats are immediately refocusing on Republican nominee Mike Rogers, according to new details shared first with Semafor. The Democratic Senatorial Campaign Committee is out with a six-figure ad buy starting Wednesday ...

The News Africa’s early-stage startups are facing a new funding squeeze as venture capital firms increasingly prioritize backing proven companies over riskier young ventures in a bid to deliver returns to investors. In the first half of the year, African startups raised around $1.4 billion, on par with the same ...

The News The Democratic establishment couldn’t get some of its candidates over the line. The party’s rising left wing couldn’t win some key races. Republicans in two red states couldn’t convince voters to change election rules to make their party stronger. Tuesday’s primaries refused to settle into one of the ...

The US has used up “virtually all” of its highly accurate long-range missiles during the Iran war, Reuters reported, raising doubts about Washington’s preparedness. The US has also expended nearly two-thirds of its Patriot interceptors, CSIS found. The Pentagon’s rush to plug shortfalls has sparked a bonanza among incumbent military ...

SpaceX’s revenue jumped 92% from a year ago, blowing past Wall Street expectations in the rocket maker’s first post-IPO earnings report, after weeks of bumpy trading. Starlink’s growth was driven by consumer, government, and enterprise businesses, SpaceX’s president told analysts, highlighting recent tie-ups with major airlines. Still, shares wobbled after ...

Stocks jumped and Brent crude prices plunged Tuesday after the US signaled a deal to reopen the Strait of Hormuz could be imminent, but the drop is unlikely to translate to immediate relief at the pump. US President Donald Trump castigated oil majors for not doing more to bring down ...

The News The Trump administration is under increasing pressure to answer questions about the management of Venezuela’s oil revenue. House Oversight Committee Democrats wrote to the Treasury, Energy and State departments and asked what they’ve done with the $13 billion that Trump said the US has collected from selling Venezuelan ...

Several Democrats are pushing for Ohio GOP Rep. Max Miller to resign or face expulsion over allegations of domestic abuse, but privately some wouldn’t mind if he stuck around for now. Democrats think Miller is the weakest nominee that ironworker Brian Poindexter could face this fall in a district Trump ...