In the escalating trade war with the United States, European officials are discussing imposing barriers on imports of U.S. services with a trade weapon that could allow the bloc to place restrictions on Big Tech and Wall Street. “We have the power to push back,” Ursula von der Leyen, the European Commission president, said this … Read more
“The capital need is in the trillions, not billions,” Ms. Anadu said. “It’s no secret that there’s a big market opportunity,” said Bennett Goodman, the executive chairman and a co-founder of Hunter Point Capital, an investment firm that backed Vistria in 2022. “What’s hard is being able to put together a scalable platform where you … Read more
The stakes behind Musk’s China briefing The boundaries of Elon Musk’s influence appear to be expanding by the day: The Times broke the news that the Pentagon was scheduled to brief him on its plans for any war with China. While the highly unusual development raises all sorts of questions, it underscores just how deeply … Read more
Over the last 12 months, Google’s efforts to use artificial intelligence to accelerate drug design have achieved breakthroughs in mimicking human biology and won its top scientists the Nobel Prize in Chemistry. Now Isomorphic Labs, the division within the software giant meant to develop and commercialize the technology, is taking another big step: raising money … Read more
Paul Marchant, the chief executive of Primark, has resigned “with immediate effect” from his role leading the discount clothing retailer after an allegation about his behavior, the company announced Monday. Mr. Marchant, who joined Primark in 2009, left after the company hired lawyers to investigate “an allegation made by an individual about his behavior towards … Read more
No Kumbaya moment President Trump has opened a new front in his attack on Big Law. On Tuesday, he signed an executive order that targeted Jenner & Block, a major white-shoe firm, days after issuing a far-reaching memorandum threatening to punish any law firm that he contends has unfairly challenged his administration. One of the … Read more
In the past few months, some of the largest banks and asset managers in the United States have quit net zero networks, the climate groups that encourage their members to set ambitious carbon reduction targets and collaborate internationally on sustainability efforts. But the week after Donald J. Trump won re-election in November, NYCERS, a pension … Read more
Trevor Milton, who was convicted by a federal jury in 2022 of defrauding investors in the electric truck maker Nikola, has received a pardon from President Trump, the White House confirmed. Mr. Milton, who founded and is the former chief executive of Nikola, was sentenced to four years in prison and fined $1 million after … Read more
“Inconsistent with my administration’s priorities” Business leaders and deal makers have already been grappling with a whirlwind of chaos from the Trump administration across various fronts, which they have said has disrupted key decisions. But in many ways, President Trump’s firing of the Federal Trade Commission’s two Democratic commissioners is a major shock to the … Read more
