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Semafor Business: Jon Hilsenrath on the tarnished economic records of Biden and Trump
In today’s edition, the Semafor contributor and WSJ alum breaks down their past performance on growth and spending as they vie for the presidency.
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Banking on the Future: The Next Era of Fintech
Join us for a convening of policy makers and the leading voices in fintech that will bridge the divide between regulators and innovators.
Hilsenrath: Trump and Biden share a legacy of outsized, ill-timed debt accumulation
The Semafor contributor and former chief economics correspondent for WSJ breaks down their past performance on growth and spending as they face off once again.
Morry Gash/Reuters
Giant firms push Japan to accelerate renewables adoption
Companies like Microsoft and Softbank want Tokyo to embrace clean energy.
REUTERS/Matt Mills McKnight
Semafor Business Summit: Beware of the the mushy middle
Highlights from our second annual event in New York, where we heard from Pfizer CEO Albert Bourla and other business leaders.
Daniel McKnight/Semafor
Pfizer is testing new non-GLP-1 mechanism for weight-loss drug, CEO reveals
The company is testing three potential weight-loss drugs, including two that use the same GLP-1 protocol as Ozempic or Wegovy, and a third based on a new mechanism, CEO Albert Bourla told Semafor.
Semafor
Beijing intervenes in China’s solar industry as overcapacity dries up profit
The country said it will limit the production of some solar panels as firms struggle to stay afloat.
REUTERS/Muyu Xu
Can tiny-home mortgages fix California’s housing crisis?
Seizing on Wall Street’s hunger for loans, one startup thinks it can finance its way to a solution.
Dell staff reject return-to-office push
The tech giant told staff to classify themselves as either hybrid or remote workers, with remote staff ineligible for promotion.
Nvidia overtakes Microsoft to become world’s most valuable company
The AI boom is powering the unprecedented growth of the American chip manufacturer.
Bitcoin (sort of) grows up
A Coinbase executive talks about why traditional financial players like pension funds want to invest in bitcoin.
NATO venture capital fund makes first investments to boost defense tech
The NATO innovation fund announced investments in AI, unmanned vehicles, and space technologies.
Will the US vote to halt public funding for oil and gas projects?
Ten OECD member states are meeting this week to discuss the public financing of oil and gas projects, with the US vote seen as pivotal.
‘All roads run through Paris’: How Publicis got ahead
The Paris-based Publicis Groupe has built an unusual, dramatic lead in the marketing business.
The Euros are propelling China’s BYD in the face of European tariffs
The Chinese EV maker may escape nearly unscathed from EU tariffs, as it sponsors one of the world’s top soccer tournaments.
Tesla CEO Elon Musk’s $46B pay package approved but legal woes remain
Tesla shareholders also voted to relocate the company fully from Delaware to Texas.
Meloni’s G7 sustainable food plan faces political, financial gridlock
Italy wants to tackle global climate change through sustainable food programs, but Prime Minister Giorgia Meloni could be biting off more than she can chew.
This BlackRock left-wing conspiracy theory has more to it than meets the eye
A House Judiciary Committee report alleged the asset manager was at the center of a left-wing cabal, but a close read reveals money, not ideology, is actually the bottom line.
Japan leads the world in ‘quiet quitting’
More than 60% of workers globally did not feel engaged at work in 2023, according to a new Gallup report.