Category: Semafor

Washington is reportedly looking to redirect Iranian assets to Gulf countries to help them rebuild following strikes from Tehran. A recent wave of attacks against Kuwait and Bahrain has damaged infrastructure including energy facilities, military sites, and airports. The initiative from the Trump administration comes as the $24 billion in ...

A patient received two kidneys and a whole liver from a pig, the first example of multi-organ xenotransplantation. The patient was brain-dead, and the procedure, which was performed in China, was a trial, but the organs — from a pig genetically modified to improve compatibility with human immune systems — ...

The US Defense secretary attacked European immigration policies in a speech commemorating the 82nd anniversary of D-Day, reflecting the growing rift between Washington and its transatlantic allies. Speaking in France on Saturday, Pete Hegseth decried a modern “invasion” of “boats and men,” one day after the US vice president blamed ...

The Scoop Saudi authorities expect to spend more money canceling projects at NEOM than building them over the next five years, the latest sign of retrenchment of what was one of the world’s most ambitious development projects. The vast, futuristic new city in northwestern Saudi Arabia was at one point ...

The Treasury Department took its first step this morning toward implementing an executive order that drafted banks to help crack down on undocumented immigrants. The department’s illicit finance arm joined with other regulators to direct financial institutions to flag certain suspicious activity like identity theft and payroll fraud — as ...

The Scoop Kalshi on Friday asked some of its paid political influencers to remove X posts that sowed doubt about the integrity of the Los Angeles mayoral election while promoting Kalshi odds, a spokesperson told Semafor. Earlier this week X user Gunther Eagleman, a MAGA influencer with 1.7 million followers, ...

Alexis’s view Ghana’s president gave a rare insight this week into what it is like to lead an African government hit by the shuttering of Washington’s international aid agency. Accra factored an average of $154 million a year from USAID into government budgets, of which nearly half went into “critical ...

The US labor market is on a hot streak. A strong May jobs report boosted market expectations that the Federal Reserve will have to raise interest rates this fall — putting President Donald Trump in a tough spot heading into the midterm elections. US employers added 172,000 jobs last month ...

The News Lakie Derrick was about to graduate from East Tennessee State University three years ago when she saw an intriguing piece of news from Italy. Giorgia Meloni, the country’s conservative prime minister, had attended a “Family Day” celebration of traditional values. Some news outlets, bungling the translation of the ...

Echoing throughout New York Tech Week this year were conversations from business leaders about AI’s ROI, as companies begin cutting back on token spending. CEOs are trying to prove to their boards that the cost is worthwhile during a time of “massive over-investment” industry-wide, IBM Vice Chairman Gary Cohn said ...