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🟡 Semafor Business: ‘A lot of chaos’
In today’s edition, CEO optimism about the Trump administration is waning, and Semafor’s Editor-in-Chief Ben Smith has a plea for billionaires.
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Drax CEO wants to move ‘more quickly’ on renewable energy overhaul
Will Gardiner, head of the biomass pioneer, is rethinking the business again in the face of skepticism and growing political volatility.
Phil Noble/File Photo/Reuters
American business leaders are turning on Trump — fast
Biden-era regulations are still standing, and new ideologically driven crackdowns and market-roiling policies are being piled on. The MAGA vibes are fading.
Evelyn Hockstein/Reuters
Signs of economic doubt emerge in the US
Stocks in the US and Asia fell Tuesday after Trump vowed to go ahead with tariffs against Mexico and Canada.
Brendan McDermid/Reuters
Owners of former Trump hotel quietly shopping the reemergent Washington hot spot
Investment bank BDT & MSD Partners is also continuing to negotiate with the Trump family business about repurchasing hotel.
ajay_suresh/Wikimedia Commons
US Steel, Nippon executives court Trump officials in bid to salvage deal
The case to save the merger that just won’t die is now filtering down to the Eisenhower Executive Office Building and the Commerce Department.
Vincent Alban/Reuters
BlackRock and JPMorgan CEOs, along with US lawmakers, tackle looming retirement ‘crisis’
They will be part of a March summit in Washington to address the issue, after BlackRock found one-third of Americans have no retirement savings.
Brendan McDermid/Reuters
‘This is about augmenting humans’: Workday’s CEO on layoffs, reskilling and treating AI agents as digital employees
Carl Eschenbach has just laid off 1,750 people, but he sees a ‘human-centric’ future of work even as he is helping clients ‘onboard’ their agentic colleagues.
Corporations dig deeper: using bunkers to secure data (and their CEOs)
Several large companies are building underground housing for their data centers and executives.
Corporate giants want a free hand to merge. They might not get it.
Trump’s antitrust cop signals no retreat from tough Biden merger rules, a not-so-fast moment for the business community; the “Khanservatives” appear in charge for now.
A MAGA adviser is proposing a ‘DOGE dividend’
James Fishback, who launched an anti-woke fund an has been advising DOGE, wants to send its savings back to Americans.
How AI drives Mark Read’s ‘year of execution’ at WPP
The advertising CEO says clients now expect the firm to be as good at technology as it is at creativity.
Crypto heavyweight Coinbase releases US legislative wishlist
After battling regulators in the Biden administration and funneling millions to Republicans in the 2024 elections, the crypto exchange is formalizing its asks of a GOP-controlled Washington.
BlackRock paused corporate meetings in wake of new rules on ESG engagement
The big asset manager kiboshed meetings in the immediate aftermath but is just one of many companies retooling in the face of the Trump administrations rapid rulemaking.
Xi Jinping set to host top Chinese CEOs amid economic push
The gathering could reassure global investors that “another crackdown is not around the corner,” one analyst said.
Argentina’s Milei backtracks after promoting crypto coin as means to boost economy
The cryptocurrency token, which had the same name as Javier Milei’s political party, rapidly rose in value Friday before cratering, drawing opposition ire.
Qatari-backed investor eyes Papa Johns takeover
A Qatari royal and a takeover pro have teamed up and are mulling a bid for the struggling $1.4 billion pizzeria.
Debate over whether Trump’s clash with courts will lead to ‘constitutional crisis’
Some legal scholars worry about the Trump’s potential defiance of court orders after his vice president said, “Judges aren’t allowed to control the executive’s legitimate power.”
CFPB on life support as senior staff exit
Congress is weighing whether to restructure the agency or dissolve it after the Trump administration temporarily halted its operations.