- D.C.
- BXL
- Lagos
- Riyadh
- Beijing
- SG
Intelligence for the New World Economy
- D.C.
- BXL
- Lagos
- Riyadh
- Beijing
- SG
Semafor Recommends
A History of the Novel in Britain, by Philip Hensher, is ‘600 pages of deep pleasure.’
Joseph Ogilvy’ history of California fisheries, Tin Can Coast, boasts ‘propulsive prose that elevates [it] above a simple history.’
The Story of Your Life, by Kathryn Jezer-Morton, examines social media narratives that ‘please the algorithm but fail to leave space for our humanity and fallibility.’
Virginia Eubanks’ A Guide to Open Water Lifesaving offers an ‘eloquent, well-buttressed plea’ for trauma survivors.
Halt and Catch Fire, a 2014 drama about a PC industry on the brink of revolution, ‘went hugely unnoticed’ at the time, but is “compelling and addictive.”
Phillips 66, Marathon held now-scuttled merger talks
The talks underscore the exuberance in today’s dealmaking environment.
‘It’s an unbundling’: ADP’s Maria Black on how AI is changing the workforce
The payroll processor sees technology disrupting low-value tasks but making human judgment more valuable.
Pirro’s special grand jury raises eyebrows among Trump allies
Some officials see the special grand jury move as an obvious ploy to “save her job at all costs,” as one administration official put it.
Talarico touts endorsement from man who accused Paxton of stealing his pen
Joe Joplin left his $1,000 pen in a dish near a courthouse metal detector, after which a security camera captured Texas Attorney General Ken Paxton picking it up and walking away.
Democrats eye Republican-held Florida district
Democrats are hoping a potential blue wave will make a Rep. Anna Paulina Luna’s district competitive.
OpenAI annual revenue set to top $40 billion
The figures, reported by Bloomberg, mark one of the quickest growth stories in history, as the company prepares for what is expected to be a blockbuster IPO in the coming months.
Tech companies mum on Trump executive privilege memo
Top tech companies are staying quiet so far about a new Justice Department memo that signals an executive privilege assertion over a wide swath of his communications with the private sector.
AD
Politics
White House prepares to host crypto and prediction market execs
Attendees will include executives from Coinbase, a16z, Ripple, and Chainlink, plus Kalshi and Paradigm, as well as trade association Digital Chamber, according to people familiar with the plans.
Annabelle Gordon/Reuters
Talarico touts endorsement from man who accused Paxton of stealing his pen
Joe Joplin left his $1,000 pen in a dish near a courthouse metal detector, after which a security camera captured Texas Attorney General Ken Paxton picking it up and walking away.
Joel Angel Juarez/Reuters
Democrats eye Republican-held Florida district
Democrats are hoping a potential blue wave will make a Rep. Anna Paulina Luna’s district competitive.
Aaron Schwartz/Reuters
Pirro’s special grand jury raises eyebrows among Trump allies
Some officials see the special grand jury move as an obvious ploy to “save her job at all costs,” as one administration official put it.
Tech companies mum on Trump executive privilege memo
Top tech companies are staying quiet so far about a new Justice Department memo that signals an executive privilege assertion over a wide swath of his communications with the private sector.
US develops cheaper drones in arms shift
The US has lost upwards of 25% of its Reaper drones since the start of the Iran war.
Trump administration accuses China of dodging tariffs
“It’s big money, but there’s also a very human cost here,” said Peter Navarro, senior counsel for trade and manufacturing.
‘At a standstill’: Türkiye’s F-35 buy faces headwinds
A Russian air defense system is still standing in the way of a deal that President Donald Trump announced last month.
Balkans’ Trump lobbying heats up
Bosnian Croat leader Dragan Čović has tapped Trump-linked firm Mercury Public Affairs to lobby for his party.
Republican students trust their colleges despite Trump scrutiny, poll finds
Sixty-two percent of Republican students said their college’s leadership mostly acts in students’ best interests, compared with 55% of Democrats and half of independents.
El-Sayed’s money challenge raises question for Sanders
Bernie Sanders got his guy in Michigan, but he’s going to have to do more if he wants to successfully shepherd Abdul El-Sayed through the general election.
Business
Phillips 66, Marathon held now-scuttled merger talks
The talks underscore the exuberance in today’s dealmaking environment.
Semafor
‘It’s an unbundling’: ADP’s Maria Black on how AI is changing the workforce
The payroll processor sees technology disrupting low-value tasks but making human judgment more valuable.
Chipmaker CXMT becomes China’s most valuable company
The changeover occurred after Tencent reported it had doubled its quarterly AI spending.
What the LA Lakers ‘firesale’ says about sports investing
The fact that Mark Walter found the cash he needs in a professional sports team, and not in his pile of loans and financial instruments, points to a bigger change unfolding in the financial frenzy around sports these days.
How Britain’s No. 10 intervened in the AstraZeneca-Bristol merger
The scuttled pharma deal triggered UK government worries.
Technology
China’s AI ecosystem gears up to challenge US
ByteDance is reportedly developing an AI model rivaling Anthropic’s most advanced Mythos system, and DeepSeek is touting its efforts to build a Claude Code challenger.
Go Nakamura/Reuters
Flock tightens guardrails aimed at stopping cops from abusing its license plate cameras
CEO Garrett Langley pushed back against a “misconception that we are some evil entity that has these diabolical plans.”
Cheney Orr/Reuters
AI trade surges on firms’ cloud earnings
The race to develop ever more sophisticated AI models shows no sign of slowing.
The gap is widening between corporate AI adopters and laggards
OpenAI’s enterprise customers are shifting toward agents that do work, not chatbots that answer questions, new data suggests.
India’s IT sector downsizes amid AI disruption
Several large employers have slashed headcount by as much as 6% in 2026.
US tech leaders stage data center charm offensive
Meta CEO Mark Zuckerberg published a 6,500-word essay Monday announcing plans for a $1 billion fund to invest in communities that host data centers.
Energy
Houthis claim strikes on Saudi refinery
The strikes could impact the kingdom’s efforts to maintain shipping volumes amid ongoing disruptions in the Strait of Hormuz.
Khaled Abdullah/Reuters
US clean energy investment surges 22% in second quarter
The results, published by the Clean Investment Monitor, were largely driven by residential battery storage installations.
Mike Blake/Reuters
US power demand to hit new highs on data center buildout
The federal projections come after two years of record electricity demand peaks.
Shelby Tauber/Reuters
Gulf
Gulf stuck in war-and-peace limbo
The “region cannot remain in a state of neither war nor peace indefinitely,” Anwar Gargash, diplomatic adviser to UAE President Sheikh Mohamed bin Zayed, warned this week.
US Navy/Handout via Reuters
Houthis claim strikes on Saudi refinery
The strikes could impact the kingdom’s efforts to maintain shipping volumes amid ongoing disruptions in the Strait of Hormuz.
Falcon frenzy descends on Riyadh
Falconry is an important part of Saudi sporting heritage — along with camel racing and horse racing — but its economic importance is increasing too.
Gulf startups are staying private for longer
Market volatility and geopolitical uncertainty is continuing to narrow the exit window for venture capital companies.
Saudi regulator probes investment banks as stock market listings flop
The Capital Market Authority is investigating the poor performance of recent share sales as it looks to revitalize the market.
China
China’s AI ecosystem gears up to challenge US
ByteDance is reportedly developing an AI model rivaling Anthropic’s most advanced Mythos system, and DeepSeek is touting its efforts to build a Claude Code challenger.
Go Nakamura/Reuters
Chipmaker CXMT becomes China’s most valuable company
The changeover occurred after Tencent reported it had doubled its quarterly AI spending.
Maxim Shemetov/Reuters
China’s economic reformer Zhu Rongji dies at 97
Zhu’s signal accomplishment was steering China into the World Trade Organization in 2001.
Maxim Shemetov/Reuters
Africa
Africa’s Amazon turns to World Bank for shock absorber
Jumia is betting that fresh capital from the IFC and existing investors will help it navigate geopolitical and supply-chain disruptions.
Afolabi Sotunde/Reuters
Africa gets new sovereign bond ETF
The new sovereign bond exchange-traded fund launched with up to $250 million in commitments.
Tiksa Negeri/Reuters
US lawmakers mull extending AGOA trade program
The US Senate passed a government funding bill over the weekend that included an extension for the program.
Ebola spread undetected for months, WHO says
The revelation raises the likelihood that the latest Ebola outbreak’s true scale is far larger than previously thought.
Nigeria tax breaks target $50B oil investment
Africa’s biggest oil and gas producer hopes to rekindle international interest in offshore projects.
South Africa’s unemployment rate hits four-year high
More than 340,000 people joined the ranks of the unemployed between April and June, pushing the total number of jobless to 8.5 million.
Security
Reform UK leader Farage faces parody candidate in by-election
Farage will likely win, but at some cost to his reputation.
Toby Melville/Jack Taylor/Reuters
US develops cheaper drones in arms shift
The US has lost upwards of 25% of its Reaper drones since the start of the Iran war.
Pavlo Palamarchuk / SOPA Images via Reuters
German cabinet approves new spying rules
The changes augur a “revolution” in Berlin’s intelligence infrastructure, the German interior minister said.
Maryam Majd/Reuters
Media
Warner Music Group CEO Robert Kyncl on AI, streaming power, and why music royalties are the safest asset on Wall Street
The Warner Music Group CEO joins Mixed Signals to explain what a record label actually does in a world where anyone can upload a song to Spotify.
Spotify’s new ‘skip’ button could end the podcast business as we know it
The Swedish streaming giant cast the move as streamlining a feature that already exists, the Spotify app’s 15-second skip button.
The AI ‘news’ accounts hyping a blue-state dystopia
AI-generated videos are flooding YouTube with fake narratives about chaos in California and New York.
Senate Democrat’s new bills would restrict AI-powered ads and paid influencers
California Sen. Adam Schiff plans to introduce two new bills that would attempt to illuminate who is paying influencers for political speech online and restrict AI-generated likenesses of politicians.
Former Surgeon General Vivek Murthy on loneliness and why he’s more worried about your phone than your body
Former US Surgeon General Vivek Murthy joins Mixed Signals to make the case that America’s loneliness crisis is a public health emergency.
CEO Signal
‘It’s an unbundling’: ADP’s Maria Black on how AI is changing the workforce
The payroll processor sees technology disrupting low-value tasks but making human judgment more valuable.
Courtesy of ADP/Graph Massara/Semafor
Reed Hastings on life after Netflix and the coming ‘creative destruction’
The streaming pioneer says we’re underestimating how AI will change competition.
Why Max Levchin wants Affirm to act like your smarter older sister
The fintech founder sees AI threatening traditional lenders by alerting consumers to their hidden fees.
AD