Semafor Business

XRG’s board scrapped plans for a partnership with Apollo to invest in AI and energy projects after pushback from Blackstone’s Jon Gray, people familiar with the matter said.

In a true run for the exits, it could take investors years to get their money back. “We need to be very, very clear about the expectations,” Harvey Schwartz

David Ellison and his team impressed Warner Bros. investors with their pitch — and their price tag.

The world’s top asset managers are convening in the city as the government commits billions of dollars to accelerate its ascent as a global financial hub.

The central bank is widely expected to cut interest rates tomorrow, despite inflation remaining closer to 3% than the Fed’s long-held target of 2%.

WBD’s board grew uneasy with how complicated Paramount’s offer became.

The Ellisons “leaned into the stereotypes” of a politicized regulatory process in its aggressive pursuit of Warner Bros.

The enterprise software CEO sees AI creating ‘chaos’ inside some companies — and opportunities for his own.

Wall Street’s solution to the death of the defined retirement benefit plans looks an awful lot like defined retirement

Manhattan US Attorney Jay Clayton’s told Semafor “the defense bar shouldn’t worry about the breadline.”

Loan defaults won’t be catastrophic and are to be expected after a decade of easy money, said a BlackRock senior executive.

OpenAI’s bizarre investment in Thrive — normally venture firms give money to startups, not the other way around — looks like a classic diversification play.