Category: Semafor

The Trump administration’s financial interventions in support of rare earths mining companies are working to drive more capital into the sector, the CEO of the latest such company to go public told Semafor. Rare Earth Americas listed on the New York Stock Exchange on Wednesday, the first rare earths mining ...

Without the cooling effect of trees, the urban heat island effect across the world’s cities would be twice as hot, a new study by The Nature Conservancy found. Trees in major cities worldwide mitigate nearly half of the heat effect generated by man-made surfaces such as roads, buildings, and car ...

Airline officials warned that fares will surge further if the Iran war does not end soon. The closure of the Strait of Hormuz has hit oil supplies, doubling the cost of jet fuel. US domestic flight prices were up 21% year-on-year in March, while AirAsia’s chief likened the fallout for ...

Tim’s view So far, the main direct threat that average Americans seem to have faced from the Iran War has been higher gasoline prices. But more could be at risk. On Monday, as US President Donald Trump launched a short-lived naval operation to escort ships through the Strait of Hormuz, ...

China pushed for the reopening of the Strait of Hormuz after hosting Iran’s foreign minister, an exchange that reflected Beijing’s fraught position in the conflict. China’s renewed call for a ceasefire comes as the Trump administration has urged Beijing to wield its influence with Tehran to unblock the waterway. The ...

Spending among Americans is holding up despite the volatility of the Iran war — at least according to two giant US consumer brands. Disney said demand at its parks and resorts is healthy, while Uber’s CEO said spending on rides and delivery orders remains “really strong… we don’t see any ...

Novo Nordisk’s new weight loss pill is proving more popular than expected, boosting the company’s shares as it looks to rebound from a prolonged slump. The Danish pharmaceutical giant was briefly Europe’s most valuable firm thanks to Ozempic, but has since struggled to keep up with American rival Eli Lilly. ...

Germany’s chancellor is falling behind on his core goals one year into his tenure, analysts argued. Friedrich Merz took office with the aim of restoring Berlin’s leadership in Europe and bridging a frayed transatlantic relationship. But the center-right leader’s recent comments on the US’ Iran war strategy have antagonized President ...

Rohan’s view The crux of Ryan Cohen’s $55 billion bid for eBay is a letter, signed by a bank and meant to convince the market and eBay’s board that he can pull off an unprecedented takeover of a company four times its size. So where is it? Pioneered by Carl ...

The new, polar bear-esque robot by the inventor of the iRobot vacuum was all over the internet this week — eyelashes beating and tail wagging. Called the “Familiar,” the robot intends to support emotional well-being. The launch of the new venture is just a few months after iRobot filed for ...