Uncommon bonds: ‘Right to repair’ in the military
DNC considers holding new vice char election after audio leak
The World at a Glance
Updated 6:56am EDT
1
California’s governor accused Trump of acting like a ‘dictator’ after federal troops were sent to quell LA protests.
2China and the US will hold trade talks in London today, as data showed Beijing’s exports to the US plummeting.
3Mexican authorities warned of the spread of a deadly new opioid 40 times more powerful than fentanyl.
4Apple’s flagship developer event kicks off today, but a lack of major innovations highlights the tech giant’s challenges.
5Chinese authorities pumped the brakes on domestic EV makers, saying regulators needed time to catch up.
6Russia’s Wagner paramilitary said it would cease operations against Islamic extremists in Mali.
How David Gitlin turned Carrier into one of America’s biggest industrial growth stories
Gitlin’s turnaround of the US air conditioning and refrigeration group has earned him a reputation as one of the country’s most effective industrial executives.
Screenshot/Carrier Colombian presidential hopeful’s shooting stirs echoes of past political violence
Miguel Uribe Turbay, a right-wing critic of current President Gustavo Petro, remained in serious condition.
Luisa Gonzalez/Reuters‘Nobody got any joy from our products’: John Hancock’s CEO on nudging behavior
John Hancock nudges its customers to get more exercise, eat healthier food, and go for preventative health screenings. That’s helped its business, too.
Courtesy of John HancockTrump ties his legacy to steamrolling Musk on his megabill
After a shock-and-awe run of asserting executive power, he’s now digging in at the Capitol, and failure isn’t an option for Republicans.
Kent Nishimura/ReutersAD
‘Clash of the Titans’: Inside the Trump-Musk implosion
The very public feud between the president and his onetime friend carries real risks for the GOP.
Nathan Howard/Reuters‘He’s gotta go’: The MAGA right cheers Musk-Trump rift
Steve Bannon’s faction is declaring victory.
Screenshot/“War Room”Trump deploys National Guard to LA amid immigration raid protests
The move marked an intensification of the president’s immigration enforcement crackdown.
Barbara Davidson/Reuters
politics
Kent Nishimura/Reuters
Emily Elconin/Reuters
Nathan Howard/Reuters
Uncommon bonds: ‘Right to repair’ in the military
Warren and Sheehy are teaming up to reform contracting at the Pentagon.
Kent Nishimura/ReutersDNC considers holding new vice char election after audio leak
On Sunday, Politico published a clip from a May 15 DNC discussion about vice chair David Hogg’s role in a PAC that might fund primary challengers.
Emily Elconin/ReutersTrump-Musk feud simmers down, for now
But there won’t necessarily be a reconciliation.
Nathan Howard/Reuters Ohio senator pushes for more auto breaks in Trump’s megabill
Sen. Bernie Moreno is circulating several proposed changes, he told Semafor.
Pentagon fueled UFO rumors for decades, WSJ reports
The efforts were uncovered by a Pentagon office established in 2022 to investigate reports of UFOs, but weren’t publicly disclosed.
Trump deploys National Guard to LA amid immigration raid protests
The move marked an intensification of the president’s immigration enforcement crackdown.
Senior Trump DOJ official expected to depart, run for Texas AG
Aaron Reitz currently serves as the assistant attorney general for the DOJ’s Office of Legal Policy.
Democratic congressman steps up his work to pull Musk toward his party for the midterms
Rep. Ro Khanna, D-Calif., has known the former Donald Trump ally for more than a decade.
What Washington can learn from a legendary London meltdown
Dominic Cummings’ ties to Johnson share plenty of parallels with Musk’s closeness to Trump.
No call between Trump and Elon planned, White House sources say
The US President said that Elon Musk had ‘lost his mind’ and that he is ‘not particularly’ interested in speaking with him.
Trump ties his legacy to steamrolling Musk on his megabill
After a shock-and-awe run of asserting executive power, he’s now digging in at the Capitol, and failure isn’t an option for Republicans.
business
REUTERS/Kylie Cooper/File Photo
Wall Street’s animal spirits start to stir — selectively
The dealmaking revival is real, but not very broad, with companies sticking to terrain they know well.
REUTERS/Kylie Cooper/File PhotoStablecoin issuer Circle soars in public market debut
The IPO pop reflects crypto’s newfound importance to the US financial system and investors starved for new issuances during a long listings drought.
Bank of America dropped private-prison clients. Now it’s taking them back.
Six years after backing away from doing business with prisons, gun manufacturers, coal companies, and other companies then out of political favor, banks are edging back in.
The Treasury Secretary underestimates Jamie Dimon’s soothsaying
Jamie Dimon’s track record isn’t as bad as Scott Bessent says it is, but the CEO has a consistently gloomy outlook.
Trump administration lays groundwork to make CEO perks easier to hide
Trump’s SEC aims to roll back rules requiring detailed disclosure of private-jet use, security, and other lifestyle benefits for executives.
technology
Carlos Barria/File Photo/Reuters
Reuters/Nathan Howard
Apple event likely highlights company’s challenges
Apple’s annual Worldwide Developers Conference is not expected to offer any groundbreaking innovations this year.
Carlos Barria/File Photo/ReutersTech got played by the Musk-Trump bromance, but average Americans will pay the price
The US innovation ecosystem has been gutted by DOGE cuts and the White House targeting of foreigners, hurting American prosperity.
Reuters/Nathan HowardThe ease of vibe coding could upend the economics of scarcity and scale
As the cost and difficulty of coding falls, how do companies adapt strategies and processes built on husbanding and prioritizing scarce tech resources?
The Rippling and Deel spy saga takes a turn with new allegations
Deel claims a Rippling employee posed as a customer and stole proprietary information.
Vibe coding will bring software closer to users
In a few years, creating a complex piece of software may be something third graders do. And that could mean developers will get much closer to the end-users of their products.
How vibe coding is tipping Silicon Valley’s scales of power
The rise of AI coding assistants puts software development into the hands of anyone with a good idea, with the next unicorn founder possibly having no technical background.
net zero
Ben Whitley/PA Images via Getty
Ali Jarekji/Reuters
Nathan Howard/File Photo/Reuters
BlackRock is writing a playbook for navigating the ESG backlash
The world’s biggest asset manager read the writing on the wall before many of its peers.
Ben Whitley/PA Images via GettyCheap oil will come at a cost for the US
A prolonged stretch of sub-$60 oil will hurt Russia but give Gulf countries more leverage.
Ali Jarekji/ReutersTax credit cuts could spoil an even more important clean energy goal
A bipartisan push for permitting reform will be on the docket in Congress after budget talks.
Nathan Howard/File Photo/Reutersgulf
Saudi Press Agency/Handout via Reuters
Drones and air conditioning to keep pilgrims safe during Hajj
Saudi authorities are increasing their use of technology to protect Hajj pilgrims from the heat, with more than 1.8 million expected at the world’s largest annual religious gathering.
Saudi Press Agency/Handout via ReutersAnalysis: Another word for the Trump Doctrine — Pragmatism
President Donald Trump’s Middle East strategy is to abandon the lectures and embrace partnerships that benefit all sides.
OPEC+ increases output again, potentially lowering prices
The oil cartel continued to increase output, as what once shocked markets is now becoming routine.
Abu Dhabi residents’ wealth leads to skyrocketing divorce settlements
Recent changes to UAE courts are bringing in a growing number of divorce cases, with more than 1,000 cases involving expats argued in Abi Dhabi in less than five years.
Gulf countries look east and west for trade agreements
An inaugural summit of Southeast Asian countries, China, and the Gulf was held in Kuala Lumpur as countries look to counter economic volatility and US tariffs.
africa
Philimon Bulawayo/File Photo/Reuters
Zoubeir Souissi/File Photo/Reuters
Chinese pullback reshapes African energy investment landscape
As Chinese finance scales back, Africa’s clean energy future increasingly hinges on the appetite of private capital to fund innovation and scale.
Philimon Bulawayo/File Photo/ReutersAfrica can unlock $4 trillion to finance vital infrastructure: Report
The Africa Finance Corporation lays out the case in a new report.
Zoubeir Souissi/File Photo/ReutersCôte d’Ivoire debuts West African commodities exchange
Around $54,000 of raw cashews, kola nuts, and maize were traded in the first 10 minutes of launch, RFI reported.
Nigerian drone maker beats Israeli firm to security contract
Terra Industries told Semafor it would supply a dozen drones and more than 35 towers to boost surveillance of two hydropower plants.
African green hydrogen ‘prohibitively expensive’ for Europe: Report
The fuel, known as “green” hydrogen, has drawn much interest globally as a way to decarbonize heavy industries that are hard to electrify.
Majority of Bill Gates’ $200B pledge to go to Africa
The tech multibillionaire told Semafor in May that he plans to give away “virtually” all his wealth via the Gates Foundation over the next 20 years.
media
Diarmuid Greene/Web Summit via Sportsfile/Flickr/CC BY 2.0
Ahead of Cannes Lions, Michael Kassan and UTA try to bury their feud
A settlement could be announced in time for the annual festival later this month.
Diarmuid Greene/Web Summit via Sportsfile/Flickr/CC BY 2.0Netflix buys Daily Beast TV pilot as it races against YouTube
The project is still in its early stages.
Politico’s AI tool spits out made-up slop, union says
Unionized staffers say the AI tool violates language in their contract.
Mixed Signals: Top Chef’s Tom Colicchio and Gail Simmons on how food ate media
Top Chef has been shaping how we think and talk about food for the past two decades.
Politics, when nothing’s behind the scenes
The most plugged-in people in Washington are reading the same tweets you are.
security
Sofiia Gatilova/Reiters
US Defense Secretary Pete Hegseth and his British counterpart John Healey. Yves Herman/Reuters.
The Arak nuclear complex in Iran. Wikimedia Creative Commons photo/Nanking2012/CC BY-SA 3.0.
Russia plans multi-pronged attack on Ukraine following drone strikes, US officials say
Russia launched a massive drone and missile attack on the Ukrainian city of Kharkiv Saturday.
Sofiia Gatilova/ReitersNATO agrees ambitious defense spending expansion
The US and NATO leadership pushed to increase the alliance’s spending target from 2% of each member country’s GDP to 5%.
US Defense Secretary Pete Hegseth and his British counterpart John Healey. Yves Herman/Reuters.Iran nuclear talks appear to stall
Tehran ‘is drafting a negative response’ to the latest American proposal, an Iranian diplomat said.
The Arak nuclear complex in Iran. Wikimedia Creative Commons photo/Nanking2012/CC BY-SA 3.0.AD