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Surge in imports drives US GDP down as businesses navigate Trump tariffs

The new data indicated that growth is slowing, rather than shrinking, while a measure of inflation ticked up.
Shoppers walk through King of Prussia mall in PA.Rachel Wisniewski/Reuters

Key crypto group backs specific lawmakers for the first time

Stand With Crypto will name eight bipartisan members of Congress as its first-ever “crypto champions” today.
Ritchie TorresElizabeth Fraser/US Army/Arlington National Cemetery

US consumer confidence falls again amid rising fears of price hikes, slowdowns

Recent polling also indicates that trust in Trump’s ability to handle the economy is faltering, while recession fears are rising.
Shoppers at King of Prussia Mall.Rachel Wisniewski/Reuters

Why ‘Margin Call’ remains Wall Street’s favorite movie — and the best indictment of it

Semafor talks with JC Chandor, who wrote the 2011 movie that gains new relevance and fans when markets shudder.
A graphic with snapshots from the film Margin Call.

Shareholder adviser Glass Lewis joins political retreat

In what would be a seismic shift in how shareholders vote in corporate elections, the advisory firm is considering scrapping its “house views,” which have drawn fire from conservatives — and from Jamie Dimon.
The US CapitolElizabeth Frantz/Reuters

FedEx CEO’s ‘catbird seat’ view of the global supply chain amid a trade war

“So far, things are OK, but I can’t tell you what happens next week,” says FedEx’s Raj Subramaniam.
FedEx CEO Raj Subramaniam speaking at Semafor’s World Economy Summit.Kris Tripplaar/Semafor

Semafor World Economy Summit: Views from policymakers and CEOs on health and the global economy

Pfizer CEO Dr. Albert Bourla and Manas AI co-founder Reid Hoffman were among those discussing how health shapes the global economy.

Semafor World Economy Summit: Views from policymakers and CEOs on AI

Nasdaq CEO Adena Friedman and Uber boss Dara Khosrowshahi are among those discussing the power of artificial intelligence to transform businesses at the Semafor World Economy Summit.

White House health adviser says weight loss drugs are being ‘pushed’ on American children

At the Semafor World Economy Summit, Calley Means slammed the health industry for focusing on weight loss drugs to combat childhood obesity.

USAFacts CEO urges Education Dept. to preserve data unit

Former Microsoft CEO Steve Ballmer sent a letter last week to Education Sec. Linda McMahon, pleading to not cut funding to an internal department that does ‘critical work’ gathering and publishing statistics that help rank schools.

DOGE is learning ‘very fast,’ says Booz Allen Hamilton CEO

The cost-cutting agency’s efforts have already raised public interest in how the government works, says Booz Allen’s CEO.

Illinois Republican Rep. LaHood considering Senate run in 2026

The House Republican is weighing whether to make a bid for the seat held for decades by Democratic Sen. Dick Durbin, who’s retiring next year.

Railing against ‘woke AI’ hurts American success, Reid Hoffman says

The prominent venture capitalist criticized White House AI czar David Sacks’ “foolish” mentality over “woke AI.”

Bennet questions Schumer’s Senate leadership

Democrats should usher in a new generation of leaders and be prepared to make “uncomfortable decisions,” Sen. Michael Bennet told Semafor.

Semafor World Economy Summit: Views from policymakers and CEOs on the global workforce

US Energy Sec. Chris Wright and USAFacts founder Steve Ballmer are among those discussing the challenges and opportunities facing the global workforce.

Reid Hoffman: Musk has ‘complete lack of credibility’ on OpenAI lawsuit

Transitioning to a for-profit entity is “actually, in fact, them pursuing their mission,” he said at Semafor’s World Economy Summit.

Highlights from the World Economy Summit

Highlights from Semafor’s World Economy Summit

Nasdaq CEO says global investors won’t necessarily flee US, but they need more predictability

Nasdaq CEO Adena Friedman also touted the potential of AI in automating workflows and detecting criminal behavior.