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Donald Trump escalates his clash with Harvard, Kim Jong Un fumes about a failed warship launch, and ͏‌  ͏‌  ͏‌  ͏‌  ͏‌  ͏‌ 
 
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May 23, 2025
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The World Today

Semafor “World Today” map graphic.
  1. Trump escalates Harvard fight
  2. US tax bill advances
  3. OpenAI’s Gulf push
  4. No winner in innovation race
  5. BYD outsells Tesla in EU
  6. Telegram makes a profit
  7. Goodbye, pennies
  8. NK’s failed warship launch
  9. Bringing back supersonic jets
  10. Pro-doping sporting event

A bloody artifact from Abraham Lincoln’s assassination fetches more than $1 million at auction, and a Chinese temple of bureaucracy features in our latest Substack Rojak.

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1

US escalates clash with Harvard

Chart showing international students’ presence at Harvard University.

The Donald Trump administration on Thursday blocked Harvard University from enrolling international students, a major escalation in the White House’s conflict with the US’ oldest college. The government said it was terminating Harvard’s student visa program after the school rebuffed a request for information on its foreign students’ campus activities. Harvard will likely challenge the move in court. Academics have warned that Trump’s higher education crackdown will hinder the US in the global tech race. Stanford University researcher and the “godmother of AI” Fei-Fei Li told Semafor Wednesday it was crucial the US remain a “magnet” for international talent: “Continuing to nourish our higher education, our public sector, for this kind of innovative, blue sky, curiosity-driven research is critical.”

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2

Trump mega bill narrowly passes

Chart showing yields on 30-year Treasury bonds.

The US House narrowly passed Republicans’ sweeping tax and spending package on Thursday, though Wall Street appears less enthusiastic about the so-called “big, beautiful bill.” The legislation now advances to the Senate, marking a major win for President Donald Trump and his economic agenda, but the package still faces hurdles: The bill would necessitate trillions of dollars in new borrowing, spurring concern among analysts and corporate leaders. Yields on 30-year US Treasury bonds hit their highest levels since 2007, before stabilizing. Spiraling yields “will become a problem quite quickly,” one investor told Semafor. “It’s not a theoretical exercise. The math breaks down… If the market wants to force discipline, it can do that.”

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3

OpenAI plans UAE data center expansion

OpenAI CEO Sam Altman in the UAE.
Brian Snyder/Reuters

OpenAI plans to build a massive artificial intelligence data center in Abu Dhabi, the company’s first large-scale project outside the US. The project, in partnership with United Arab Emirates firm G42, aims to become one of the most powerful AI computing clusters, reaching a capacity of 1 gigawatt. The US and UAE are deepening their AI partnership: US President Donald Trump recently agreed to give the UAE expanded access to advanced AI chips, and has championed the data center plans as a way to develop an edge over China in the region. But some US officials worry about what they see as an offshoring of American AI capabilities, and a lack of guarantees to limit Beijing’s access to the chips.

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4

No leader in US-China innovation race

A Nurabot developed by Foxconn using Nvidia tech on display at Computex in Taipei.
Ann Wang/Reuters

The US leads China in artificial intelligence and quantum computing innovations, while Beijing is ahead in semiconductors — and Europe lags in all three fields, an AI-aided analysis found. Bruegel researchers used large language models to analyze patents and identify “radical novelties,” groundbreaking concepts repeated in at least five other patents. AI innovations, the report found, spread fastest between the three contenders, with the EU being slowest to replicate foreign innovations. Perhaps surprisingly, the US and China were quick to replicate each other’s technological ideas despite Washington’s export controls, showing their ecosystems are “far more integrated with one another than they are with the EU.” As the superpowers grapple for tech supremacy, Bruegel found no “overall frontrunner in the innovation race.”

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5

BYD overtakes Tesla in Europe

Chart showing Europe battery electric vehicle registrations for April 2025.

Chinese electric vehicle giant BYD outsold Tesla in Europe for the first time last month, in what one analyst called a “watershed moment” for the continent’s car market. BYD’s sales jumped nearly 170% compared to April last year, while Tesla sales slumped as CEO Elon Musk’s high-profile role in the White House and support for far-right European parties sparked global anti-Tesla protests. BYD is a relative newcomer in Europe, but has made inroads through increased sales of plug-in hybrids, which aren’t subject to the European Union’s high tariffs on Chinese EVs. But BYD’s aggressive expansion is facing challenges elsewhere: Automakers in Brazil are urging the government to immediately increase tariffs to keep the Chinese company from building up inventory.

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6

Telegram makes a profit

Telegram Founder and CEO Pavel Durov.
Pawel Walerjewitsch Durow/Wikimedia Commons. CC BY 2.0

Telegram’s profit jumped to $540 million last year despite the arrest of its founder in August. The messaging app achieved its first annual profit, the Financial Times reported, from a surge in paying users and its own cryptocurrency-related gains. But the charges brought by French authorities against CEO Pavel Durov — who was recently granted a temporary release — weigh on the company’s future: Officials said Telegram lacked proper content moderation and refused to turn over data on a child abuse investigation. Since Durov’s arrest, the app has been markedly more cooperative with government requests, 404 Media reported, providing data on more than 22,000 users in the first quarter of 2025.

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7

US moves forward with ending penny

Chart showing costs of US currency production.

The US said it made its final order of blank pennies and will stop producing the coin when those run out. President Donald Trump in February ordered the US Treasury Department to stop making the 1-cent coin, calling the currency “wasteful”: Each penny costs almost 4 cents to produce, and officials predict an annual savings of $56 million once manufacturing stops. The nickel, though, costs more to make than the penny, so if the Mint increases production of the 5-cent coins to compensate for the pennies, the savings would be quickly wiped out, penny advocates argue. The total pennies currently in circulation are worth more than $1 billion, but their use has decreased as Americans shift to card and digital payments.

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Live Journalism
Semafor Live Journalism graphic for “Powering Our AI Future.”

As electricity demand soars — driven by the rapid expansion of data centers and AI — pressure is mounting to scale secure and reliable energy resources.

Join Semafor for a timely conversation with Rep. Brett Guthrie, R-Ky., and Aamir Paul, President of North American Operations at Schneider Electric, as they discuss how the new administration plans to accelerate domestic energy production—and whether current infrastructure is up to the task. The discussion will also explore the innovative policies and technologies that could help close the growing supply-demand gap.

June 11, 2025 | Washington, DC | RSVP

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8

Kim fumes after failed warship launch

North Korean leader Kim Jong Un attends a ceremony for the launch of a “new multipurpose destroyer.”
KCNA via Reuters

North Korean leader Kim Jong Un lashed out at his own military after the country’s newest warship was damaged in a failed launch. Kim, who was present at the ceremony that was meant to be a celebration, said the naval destroyer partially capsized because of “absolute carelessness,” characterizing it as a “criminal act.” The botched launch was an embarrassing setback for North Korea’s efforts to modernize its naval forces amid perceived threats from the US and South Korea. But Pyongyang’s rare move of acknowledging the mishap shows that Kim wants to project seriousness about deploying larger ships and confidence that the country can eventually build a greater navy, a Seoul-based expert said.

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9

Supersonic flights could make comeback

Boom Supersonic’s XB-1 model.
Boom Supersonic

Lawmakers are looking to repeal a law banning supersonic flight over the US mainland. The 1973 law was a significant factor in Concorde’s eventual demise: Supersonic flight was only possible over water, severely limiting the routes the aircraft could offer. But modern aerodynamic technology makes much quieter supersonic flight possible. The CEO of Boom Supersonic — a startup backed by OpenAI’s Sam Altman — argued that “supersonic flight without an audible sonic boom should obviously be allowed.” The bipartisan bill would permit flights as long as “no sonic boom reaches the ground.” Boom has test-flown a prototype, which travels significantly slower than Concorde but faster than sound, while NASA and Lockheed Martin are soon planning to try out their own.

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10

Enhanced Games embraces doping

Enhanced Games swimmer Kristian Gkolomeev poses with his medal on the podium after winning the men’s 50m freestyle final in the European Aquatics Championships.
Enhanced Games athlete Kristian Gkolomeev. Novak Djurovic/Reuters

An Olympics-style competition in Las Vegas next May will feature athletes who are allowed, if not encouraged, to use steroids, testosterone, and growth hormone. Enhanced Games, which announced its plans this week, aims to “infuse unprecedented levels of science, money and performance-enhancing drugs” in sport, ESPN wrote. The company has reportedly raised millions in funding from investors including billionaire Peter Thiel, longevity enthusiast Christian Angermayer, and a Donald Trump Jr.-led firm: It argues current anti-doping rules are outdated and should be reinvented for the technological age. But the idea has drawn staunch criticism from traditional sporting bodies and scientists, who warned steroid use leads to higher risk of heart attacks, psychiatric issues, and “killed off” libidos.

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Flagging

May 23:

  • Japan releases inflation data for April.
  • Leadership elections for Malaysia’s ruling People’s Justice Party conclude.
  • Mission: Impossible — The Final Reckoning premieres in US theaters.
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Substack Rojak

Rojak is a colloquial Malay word for “eclectic mix,” and is the name for a Javanese dish that typically combines sliced fruit and vegetables with a spicy dressing. In this recurring Flagship feature, we highlight the best newsletter writing from and about Asia.

Pressing pause

China’s Shanxi province is a nappers’ paradise. Every day, without fail, from noon to 2:30 p.m., the cities in the landlocked state effectively shut down. Stores and restaurants close, trains stop running, malls turn off their escalators, hospitals go into emergency-only mode. People nap whenever they find themselves post-lunch, whether that’s at home, in a park, or in a car. Even the animals take a siesta: “By noon, there’s virtually no carbon-based life activity left in Shanxi,” Jiang Jiang wrote in Ginger River Review, alongside some incredible photos of the sleepy tradition.

The Shanxi naps are a part of life from childhood. Naps are so strictly mandated at school that students who fail to follow through might dent their academic record. The province’s starchy, carb-heavy diet also helps. This aspect of Chinese life “often gets overlooked in global media — the side that isn’t all about high-speed trains and relentless productivity,” Jiang wrote. “Yes, Chinese people work hard. But they also know how to rest.”

Heavenly bureaucracy

A Taoist temple in Beijing doubles as a reliquary for bureaucracy. Taoism is an ancient Chinese philosophy and religion that over the centuries took on elements of Buddhism, Confucianism, and animistic rituals. Across 76 shrines at the Dong Yue temple, labeled “departments,” gods and goddesses serve as under-secretaries for various administrative tasks, making the temple a “heaven for middle-level bureaucrats with a penchant for paperwork in triplicate,” journalist Pallavi Aiyar wrote in her newsletter The Global Jigsaw.

Visitors can check out the Department of Signing Documents, which is in charge of authenticating records — not to be confused with the Signature Department next door. There’s the Measurement Department, in charge of keeping traders in line; “the Taoist hereafter certainly has better anti-dumping measures in place than China,” Aiyar wrote. For more punitive offices, look to the Department of Petty Officials, the Evidence Department for Issuing a Warrant, and Department of Confiscating Unwarranted Property. And China’s environment ministry could take a page out of the Taoist Department for Flying Birds and Department for Preserving Wilderness.

A sensory war

China’s burgeoning craft coffee scene is making a global splash. Peng Jinyang, a longtime Chinese coffee professional, last week won the World Brewers Cup, an international competition focused on manual filter coffee techniques. Chinese competitors have won four prestigious coffee titles in the last six years, including at the World Latte Art Championship. Their wins accompany the broader rise of specialty coffee culture in China, an industry that holds its own against the massive chains, Sam Tang wrote in his newsletter Momentum that is focused on brands in China.

Foreign coffee companies are taking note of the growing market. Roasters from Denmark, Copenhagen, and Australia now sell beans through domestic dealers in China and collaborate with local shops on pop-up events. Some have opened their own Chinese stores. “In the end, it’s a sensory war — not just a scale war — and the brands that truly capture consumer taste will be the ones that win,” Tang wrote.

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Curio

Abraham Lincoln’s bloostained gloves.
Freeman’s/Hindman

Abraham Lincoln’s bloodstained leather gloves, retrieved from the 16th US president’s pocket the evening he was fatally shot, were sold for $1.52 million at auction. The gloves fetched the highest price among 144 items on auction to help pay down a two-decade-old loan the Lincoln Presidential Foundation used to purchase an earlier collection of presidential artifacts. Other top-selling items included a “Wanted” poster featuring Lincoln’s killer, John Wilkes Booth, which fetched $762,500, as well as the earliest known sample of the president’s handwriting, from 1824, which went for $521,200.

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Semafor Spotlight
Semafor Africa graphic.South Africa’s President Cyril Ramaphosa and US President Donald Trump.
Kevin Lamarque/Reuters

In Donald Trump’s Oval Office — a space where egos clash and narratives collapse — Cyril Ramaphosa didn’t flinch on Wednesday. In the view of the country’s political leadership, South Africa’s president walked out with his dignity intact and his country’s name above water, Sam Mkokeli writes.

This wasn’t a negotiation. It was a reputational defense mission. He faced a president in a meeting that could’ve easily descended into a geopolitical brawl.

For more on the continent, subscribe to Semafor’s Africa briefing. â†’

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