A democratic socialist backed by New York City Mayor Zohran Mamdani leads Rep. Adriano Espaillat in this month’s Democratic primary for New York’s 13th Congressional District. www.semafor.com/article/06/1...

AFL-CIO is skeptical of a proposal that leading AI firms cede equity to the Trump administration in order to distribute their returns among Americans. www.semafor.com/article/06/1...

The number of direct conflicts between states reached its highest level since World War II. www.semafor.com/article/06/1...

This week’s IPO of SpaceX isn’t just about growing the rocket and satellite company. It’s about Elon Musk consolidating his empire, writes Liz Hoffman. Read more from the full view: www.semafor.com/article/06/1...

🟡 Exclusive: The State Department circulated a memo internally making the case that the US response to the Ebola crisis in Africa has been better than China’s. www.semafor.com/article/06/1...

Defend the Vote, a Democrat-aligned group is pushing party leadership to link affordability and corruption through a “Cost of Corruption” messaging plan. Read more from Nicholas Wu: www.semafor.com/article/06/1...

🟡 Exclusive: The State Department is being pressed for answers about Trump’s Board of Peace. www.semafor.com/article/06/1...

Ukraine has built and tested a low-cost alternative to US Patriot missiles, potentially reducing a shortfall in anti-air interceptor weapons. www.semafor.com/article/06/1...

A spate of high-profile violent crimes is roiling the UK and France, testing European leaders as the UK government grapples with a wave of anti-immigration violence in Northern Ireland. www.semafor.com/article/06/1...

Chinese investors are using work arounds involving cryptocurrency to get in on US IPOs. www.semafor.com/article/06/1...

SpaceX IPO is more than 4 times oversubscribed, raising concerns among some investors that the offering will simply be too large for the market to absorb in a healthy way. www.semafor.com/article/06/1...

Democrats weigh whether a Senate majority is possible without Platner www.semafor.com/article/06/1...

Anthropic CEO Dario Amodei called for worker protection against AI-driven job losses and a new US regulatory body to oversee frontier AI research. www.semafor.com/article/06/1...

Most companies didn’t budget for the exorbitant cost of AI tokens, but no company can function without them, Box CEO Aaron Levie told Semafor’s Reed Albergotti at the Semafor Tech summit in San Francisco. www.semafor.com/article/06/1...

Google didn’t take funding from the Trump administration for quantum computing because of “conditions” that would’ve prevented the tech giant from moving as quickly as it would like. www.semafor.com/article/06/1...

The US and Iran exchanged fire again, straining an already fragile ceasefire and pushing oil prices up. www.semafor.com/article/06/1...

🟡 Exclusive: Nvidia exec says data centers’ adverse impacts, including higher electricity costs, are smaller than people think and “the benefits are very, very significant.” www.semafor.com/article/06/1...

China’s beating the US in neuroscience: “There is a very real possibility that without significant regulatory reform, if you’re a wealthy American, in 10 years, the only place you’ll be able to get your state-of-the-art cancer care is in Shanghai,” said Max Hodak, former president of Neuralink.

US launched another wave of strikes against Iran, marking the latest sign that the countries’ ceasefire is deteriorating, after Iran struck US bases in Bahrain, Jordan, and Kuwait. www.semafor.com/article/06/1...

Jeff Bezos raises $12B for AI that builds things: Prometheus, the secretive AI startup he’s leading with former Google X executive Vik Bajaj. www.semafor.com/article/06/1...

Roughly 20% to 30% of operating expenses will come from spending on agents versus humans in the next three to four years, report shows. www.semafor.com/article/06/1...

The complicated economics of Africa’s football success www.semafor.com/article/06/1...

Zipline, the Washington-backed logistics firm pioneering large-scale drone deliveries in Africa, plans to extend its presence on the continent by rolling out services trialled in Rwanda. www.semafor.com/article/06/1...

Rwanda has secured a $250M IMF credit facility. It's the first African country to seal an IMF economic package since the start of the Iran war. www.semafor.com/article/06/1...

ExxonMobil’s gas project is forecast to lift Mozambique’s economy by more than 4%. www.semafor.com/article/06/1...

US inflation hit a three-year high of 4.2%, the highest level in 3 years. www.semafor.com/article/06/1...

Building data centers in space could be cost-effective by the early 2030s. www.semafor.com/article/06/1...

🟡 Exclusive: $35 insulin deal in the Senate now has enough votes to clear a filibuster www.semafor.com/article/06/1...

🟡 Exclusive: A bipartisan group of lawmakers warn the Trump administration is going easy on foreign companies potentially involved in dumping Chinese and Russian goods in the US. www.semafor.com/article/06/1...

Why Democrats rejected ‘class traitor’ Steyer in California Read David Weigel's full view: www.semafor.com/article/06/1...

Abu Dhabi continues to attract startup founders despite war, argues Kelsey Warner. Read the full view: www.semafor.com/article/06/1...

Before the war in Iran, Gulf corporate profits were on track for a record year. www.semafor.com/article/06/1...

Oman announces $9 billion worth of projects involving investors from Asia, Europe, and the Middle East. www.semafor.com/article/06/1...

Europe ordered Meta to reverse a block on third-party AI assistants on WhatsApp, arguing that the tech giant was using its dominance to favor its own AI services. www.semafor.com/article/06/1...

Foxconn, the world’s biggest electronics manufacturer, said it will invest in one gigawatt of solar and wind energy production in Vietnam. www.semafor.com/article/06/1...

Soaring fertilizer prices are taking a toll on poorer nations. Around 30% of global fertilizer supplies flowed through the Strait of Hormuz before the start of the Iran war, with many poorer nations — which import the majority of their needs — left badly exposed. www.semafor.com/article/06/1...

Inflation across the world’s biggest economies accelerated as a result of higher energy costs and threats to trade resulting from the Iran war. www.semafor.com/article/06/1...

Widening violence across the Middle East raised concerns that the Iran war was expanding. www.semafor.com/article/06/1...

South Africa recorded modest GDP growth of 0.5% in the first three months of 2026. www.semafor.com/article/06/1...

Some Trump admin officials and congressional Republicans are marshaling their clout against one of the US’ strongest trade partners in a remarkable display of support for South Korea’s biggest online retailer: Coupang. www.semafor.com/article/06/1...

China tech on display at World Cup: Qingdao-based Hisense is the official display partner for the video assistant referee systems, while Lenovo, as FIFA’s “Official Technology Partner,” is deploying servers in Texas to power the broadcast, as well as features like AI-enabled 3D player avatars.

🟡 Exclusive Todd Blanche faces a rocky road to confirmation in the Senate www.semafor.com/article/06/1...

The case for putting data centers in space: Building them in space could be cost-effective by around 2040. www.semafor.com/article/06/0...

India is still waiting for a long-awaited trade deal with the US as the country's economic woes pile up. www.semafor.com/article/06/0...

As OpenAI joins Anthropic and SpaceX in the IPO queue, the question for Wall Street: Is there enough money for all of them? www.semafor.com/article/06/0...

Our story last week about a Spanish soccer team’s hedge against its own relegation to a lower league ending up on Kalshi touched a nerve, writes Liz Hoffman. The idea of a team betting against itself sits uneasily with fans. The discomfort is understandable but misplaced. Read more:

The denial of a World Cup ref from Somalia is triggering some scrutiny on Capitol Hill, where at least one Democrat is demanding Artan’s denial be reversed.

An uncomfortable energy deadline is looming for the White House. One of Trump’s key oil market fixes is about to break, argues Tim McDonnell. www.semafor.com/article/06/0...

Oil prices ticked down after Iran and Israel halted mutual attacks, even though there remains little sign of progress toward a full reopening of the Strait of Hormuz. www.semafor.com/article/06/0...

🟡 Exclusive: Uranium mining market heats up amid nuclear-powered data centers bet www.semafor.com/article/06/0...