Category: Semafor

The News Senate Minority Leader Chuck Schumer has indicated to colleagues that he sees a potential deal to reopen the Department of Homeland Security this week — but is still seeking more concessions, according to two people briefed on the conversations. The New York Democrat and his 47-member caucus are ...

A cyberattack on a US breathalyzer firm left thousands unable to drive, underscoring once again the risk of growing internet connectivity for devices designed for offline activity. Intoxalock provides court-mandated breath tests to drivers with DUI convictions; if they fail the in-car test, their vehicle won’t start. But the unspecified ...

A US judge will begin hearing arguments today in Anthropic’s legal case against the Pentagon, which it accuses of breaching its rights by designating it a supply chain risk.  The Department of Defense said the AI company could no longer work with military contractors after Anthropic refused to allow its ...

Chevron’s CEO said Venezuela must do more to liberalize its oil and gas sector, despite the country’s recent moves to court oil giants. Washington wants Caracas to loosen restrictions to help ramp up crude production, a push that has gained momentum as the Iran war sends fuel prices soaring. But ...

Stocks rose and oil prices fell after US President Donald Trump eased his threats on Iran. Trump announced a five-day suspension of US strikes on Iran’s energy infrastructure, hailing productive talks with Tehran, which Iranian officials denied even took place. Trump’s sudden talk of de-escalation — he said the US ...

Drivers lined up at gas stations across China on Monday, as the country starts to feel the pain of the energy shock triggered by the Iran war. China has a considerable crude stockpile and is swiftly electrifying its economy, but hundreds of millions of drivers who still rely on gas ...

Europe is quietly supporting the US’ campaign against Iran, even as President Donald Trump lambasts the continent for staying on the sidelines. US military bases in the UK, Germany, Portugal, Italy, France, and Greece are fueling and launching American bombers and drones. The continent’s cooperation underscores how any move to ...

The chaos plaguing US airports deepened on Monday as travelers faced hours-long lines stemming from a partial government shutdown. As security officers work without pay, leading many to call out of work or quit, federal immigration agents were dispatched to airports across the country, ramping up a fight in Washington ...

The launch of a new venture capital fund focused on prediction markets underscores the rapid growth of the nascent industry. The founders of the two biggest platforms, Kalshi and Polymarket, are among the investors in 5c(c) Capital, which plans to raise up to $35 million, with some 20 companies in ...

Reduced oil flows from the Gulf could have some upsides for more nimble US shale producers, as a projected glut in oil supplies quickly evaporates. Analysis by JPMorgan suggests US shale companies and Canadian oil sands producers could emerge as “relative winners” as oil consumers seek alternative supplies in stable ...