Business

Most recent stories in Business

• The launch of Pershing Square US was supposed to be a key step in Bill Ackman’s decade-long comeback — but his online celebrity didn't translate into "buy" orders.

  

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  Bill Ackman’s IPO dream goes from $25 billion to zero

  Semafor - Liz Hoffman

  Bill Ackman’s decision to cancel the long-awaited launch of his US fund is the latest example of the billionaire’s mouth getting ahead of his …

• A House Judiciary Committee report alleged BlackRock was at the center of a left-wing cabal — but a close read reveals money, not ideology, is actually the bottom line.

  

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  This BlackRock left-wing conspiracy theory has more to it than meets the eye

  Semafor - Liz Hoffman

  Congressional Republicans alleged this week that a vast left-wing conspiracy in the machinery of corporate governance is pushing a progressive agenda. …

• A US bank regulator has been asked to look into a 2020 wire transfer that has roped the Republican party’s favorite lender and JPMorgan into a long-running dispute.

  

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  The strange tale of a $457 million deposit, 100 million masks from China, and one tiny bank

  Semafor - Liz Hoffman

  It seemed like a straightforward case of pandemic fraud. In May of 2020, a pop-up medical-supply company run by political insiders found itself under …

• One bonsai seller reported losing 33 trees worth $120,000 in a single robbery.

  

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  Japan’s bonsai trees are being targeted for theft and trafficking

  Semafor - Prashant Rao

  Bonsai growing traces its roots to 8th century China, eventually making its way to Japan more than 1,000 years ago, but was not recorded in the West …

• Exxon finds itself at the middle of two fights that could reshape the industry as it braces for an uncertain shift toward renewables.

  

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  Forget AI — this week, the corporate world is focused on oil

  Semafor - Liz Hoffman

  Exxon is on an epic corporate winning streak. It has become the unlikeliest of faces of an unlikely shift in prevailing business winds, suing two of …

• The UAE's economy minister is pitching Western investors on stability in an unstable region.

  

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  UAE economy minister pitches Western investors on stability in an unstable region

  Semafor - Liz Hoffman

  Liz Hoffman: Has the geopolitical situation in the Middle East changed your pitch, or changed how Western investors are thinking about the …