Category: Semafor

The Scoop Principal Asset Management, the Iowa-based firm that manages more than $590 billion, is planning to launch a Sharia-compliant US private credit fund aimed at Gulf family and institutional investors. The firm is working on the fund — which it says will be one of the first of its ...

The AI data center buildout is forcing companies and legislators to rethink their climate pledges. Amazon’s carbon emissions have risen for two consecutive years, and its chief sustainability officer told Semafor they would continue to do so for years to come — the latest signal that Big Tech’s AI ambitions ...

OpenAI is considering giving the US government a 5% stake, a move that could improve relations with the Trump administration and head off public blowback against the sector. How to redistribute AI windfalls is being debated on either side of the political aisle: Left-wing Senator Bernie Sanders recently called for ...

The Trump administration is expected to launch Trump Accounts next week without a way for firms to host the children’s savings accounts on their own platforms, people familiar with the talks told Semafor. Firms like Chime, Empower, Fidelity, and SoFi had initially hoped they would have the green light to ...

The News Congressional Republicans could bank on an unorthodox investigative strategy if they lose the House this fall: relying on the threat of parallel probes by Trump’s administration to power the House minority’s congressional investigations next Congress. It could amount to an unusual assertion of power from the House minority, ...

US regulators allowed Philip Morris to advertise its Zyn oral nicotine pouches as less harmful than cigarettes. The decision is a marketing win for the tobacco giant, which like other manufacturers is investing in smoke-free products. Tobacco replacements, such as nicotine pouches or vapes, are vastly less deadly than smoking ...

Anthropic is rolling back spyware-like code it implemented to track whether users are affiliated with Chinese AI labs. A cybersecurity newsletter reported that the Claude Code feature covertly tracked and transmitted information based on a user’s timezone and potential connection to Chinese tech companies accused of illicitly training their own ...

The recent surge in commercial shipping through the Strait of Hormuz could give the US additional leverage in talks with Iran, analysts said. More than 10 million barrels of oil are flowing through the waterway daily, a US official told Bloomberg, adding that the jump underscores Tehran’s limited ability to ...

Global chaos isn’t spreading, but is highly localized, a new report argued. The impression in foreign policy circles, a former US ambassador to NATO wrote, is that “the erosion of the international rules-based order is a uniform, global trend.” But the reality, according to the Atlas of Impunity report, is ...

Russia is starting to import gasoline from India, Reuters reported, in a sign of the severity of Moscow’s fuel shortages. The shipments mark a shift in the countries’ energy dynamic: Earlier this year, India turned to Russia to mitigate a disruption to oil supplies spurred by the Iran war. Russian ...