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🟡 Semafor Business: Brand equity
In this edition, how the political battles between Musk and Trump, and Unilever and Ben & Jerry’s, impact branding.
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The stories (& the scoops) from Wall Street.
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Consumer perception of Tesla plummets among both Democrats and Republicans: survey
New data from EV Intelligence shows Tesla’s popularity tanking with Republicans, who are 11 percentage points less likely to buy one than they were in April.
Nathan Howard/File Photo/Reuters
Call-center software maker Verint seeks buyers in AI dealmaking test
Verint’s stock is down about 20% year-to-date, despite efforts to position itself to the market as an AI-forward company.
Kecko/Flickr/CC BY-ND 2.0
Fed’s Powell says tariff hit to consumers likely coming this summer
The central banker’s remarks reflect a consensus among many economists that Donald Trump’s tariffs will raise prices.
Kevin Mohatt/Reuters
Unilever cuts off funding for Ben & Jerry’s foundation amid tensions over Gaza, audit
The conglomerate is preparing to spin off its ice cream business later this year.
Xavi Lopez/SOPA Images/Sipa USA via Reuters
German inflation falls unexpectedly, hitting ECB target
Inflation across Europe appears to be easing, but analysts warned that price volatility remains likely in the long term.
Annegret Hilse/File Photo/Reuters
Trump’s tax and spending bill amplifies US debt fears
The One Big Beautiful Bill Act is forecast to increase the deficit by a further $3.3 trillion over a decade.
Nathan Howard/Reuters
‘Central bank of central banks’ warns of rising inflation risks
The Switzerland-based Bank for International Settlements noted in a new report that consumers across the globe expect steep price increases in the next year.
World powers scramble to secure US trade deals
US President Donald Trump’s pause on his ‘Liberation Day’ tariffs ends July 9.
‘Addicted to negativity’: Allstate’s Tom Wilson takes on America’s trust deficit
The insurance company CEO is doubling down after a backlash to his call to overcome the country’s divisions.
African blockchain currency exchange aims to break dollar dominance
The aim is to make it easier for companies to repatriate their profits.
Lumen Technologies’ CEO on ‘playing to win’ after its $6B deal with AT&T
Culture change was key to turning the legacy telecoms company into a trusted network for AI, says CEO Kate Johnson.
‘I’m not an apologist for myself’: Grindr’s George Arison on its return-to-office revolt
The gay dating app’s stock has more than doubled as its CEO pushes teams to ‘go through all the pain’ of a startup.
Anna Wintour to step down as editor of American Vogue
Anna Wintour, arguably one of fashion’s most influential figures, is reportedly leaving her post as editor-in-chief of American Vogue after 37 years.
Eric Adams suddenly finds ‘overwhelming support’ from NYC’s desperate business elites
Wall Street’s business community looks poised to rally behind Adams, dogged by corruption and low japproval ratings, to keep Zohran Mamdani from winning November’s general election.
Shell denies report of possible BP merger
The Wall Street Journal reported that Shell was in early talks to acquire BP, leading to a spike in the latter’s stock price.
Strikes threaten Wall Street’s love affair with the Gulf
Gulf countries aren’t as rich or liquid as the gilded palaces suggest. They need Wall Street — and Wall Street needs them, a growing relationship that’s now top of mind for executives watching tensions simmer.
NYC mayoral race panics business elite
It’s as much fears about personal income tax as Mamdani’s posture on the conflict in Israel.
Missiles fly, investors shrug: Why markets are so calm, and what a post-nuclear Iran could offer Wall Street
Semafor talks with Admiral James Stavridis, ex-NATO commander and now Carlyle vice chair, about investing after a ceasefire, assuming it holds.