“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
Tariff turmoil President Trump’s tariff week has arrived, and the world is none the wiser about what to expect. Among the unknowns: Who will get hit, and by how much? Tariff tensions have fueled a $5 trillion stock market sell-off over the past six weeks, and Goldman Sachs economists have just raised their odds of … 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
Army food has been vexing and perplexing the soldiers who have to eat it for about as long as there’s been an Army. An age-old marching song describes a biscuit that “rolled off the table and killed a friend of mine.” Troops in World War II immortalized a much-reviled beef dish with the nickname S.O.S., … Read more
Ahead of President Trump’s plan to impose sweeping tariffs across the globe this week, his administration is weighing a new round of emergency aid to farmers, who are likely to be caught in the middle if America’s trading partners retaliate. The early discussions offer a tacit acknowledgment that Mr. Trump’s expansive tariffs could unleash financial … Read more
In recent weeks, managers of the nation’s resorts, plant nurseries, fish processors and racetracks started getting very worried. The Trump administration had yet to release a batch of H-2B visas — those available for seasonal businesses that often can’t find enough workers domestically to fulfill demand. Usually, the Department of Homeland Security releases them a … Read more
The question posed to Wen Han, founder of the electric truck maker Windrose Technology, was a simple one: Is it accurate to call the firm a Chinese company? After some rambling, Mr. Han settled on an answer: “I would describe it as Chinese origin.” There’s a reason it felt like a trick question: Windrose’s investors … Read more
In Washington, President Trump has said he is willing to meet with Xi Jinping, China’s top leader. In Beijing, Chinese officials and experts agree that a meeting between the heads of state must precede any broad reset of relations with the United States amid Mr. Trump’s aggressive approach to trade and foreign policy. But arranging … Read more
Stocks in Asia tumbled Monday as investors braced for a week of market tumult caused by an expected announcement of more tariffs by President Trump on America’s biggest trading partners. Japan’s Nikkei 225 index fell nearly 3 percent in early trading. Stocks in South Korea and Taiwan were down more than 2 percent. Stocks in … Read more