Category: Semafor

The Trump administration plans to invite CEOs from Nvidia, Apple, Exxon, Boeing, and other big companies to accompany the president on his trip to China next week, a person familiar with the matter said. The list also includes executives from Qualcomm, Blackstone, Citigroup, and Visa, and is likely to grow ...

Liz’s view Federal prosecutors’ indictment of 30 white-shoe lawyers and their associates, alleging more than a decade of insider trading on corporate mergers, is both juicy and quaint. Savor it. The next big insider-trading case will look nothing like this one. The case unveiled yesterday in Boston federal court alleges ...

The price of crude oil fell on signs of progress in US-Iran peace talks, but US gasoline prices continued to rise, with President Donald Trump running out of moves to lower them. If negotiators do manage to agree on the one-page memo that is reportedly under discussion, it could still ...

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. ...