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Intelligence for the New World Economy

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Intelligence for the New World Economy
Semafor World Economy
Rohan Goswami

Rohan Goswami

Business Reporter

Email Rohan@rogoswami

Rohan Goswami is a business reporter at Semafor, where he covers dealmaking, the boardroom, and finance. He co-hosts the Compound Interest podcast. He’s broken news on an array of companies, including Warner Bros. Discovery, Paramount, Intel, US Steel, Union Pacific and TSMC. He previously worked at CNBC, where he broke major stories including the scandal that cost Norfolk Southern’s CEO his job.

T-Mobile, Deutsche Telekom merger stalls

T-Mobile executives have told their controlling shareholder that they no longer support the $300 billion merger.
REUTERS/Mike Blake/File Photo

With SpaceX circling, Verizon figures out succession

Inside the company, executives worry about a potential sale.
Dan Schulman
Annabelle Gordon/Semafor

SpaceX looks to compete with the carriers

The company is expected to bid in upcoming spectrum auctions.
Illustration/Dado Ruvic/Reuters

Brown-Forman rejects Sazerac approach

The closely held liquor giant has been the subject of multiple takeover efforts in recent months.
Sazerac
“Sazerac Rye Whisky” by Dwstultz via Wikimedia Commons, licensed under CC BY-SA 3.0

Alphabet’s free cash flow turns negative

It’s the first time in its 22 years as a public company that the tech giant’s free cash flow turned negative, and it bought back zero shares for the second straight quarter.
The Gemini app icon on a smartphone
Dado Ruvic/Illustration/Reuters

Lina Khan gets a new NYC gig

Khan will chair the city’s economic development board, which oversees the leasing and use of huge chunks of city property, including Hudson Yards.
Lina Khan.
Angelina Katsanis/Reuters

Intel seeks operating partners for Ohio chip fab

The chipmaker has struggled to get the $32 billion Ohio facility online to meet increasing demand.

Burnham faces Britain’s overseas business woes

Many of Britain’s corporate crown jewels make more of their money in the US and fast-growing Asian markets than at home.

Is Walmart backing America’s next financial super-app?

Financial-services app OnePay, valued at $4 billion, thinks it’s found a way around the customer-churn trap that tanks startups.

Retirement giant Voya Financial fields ongoing takeover interest

Voya has been considered an attractive takeover target from almost the moment it spun out of Dutch financial giant ING in 2013.

Stripe and Advent bid $53B for PayPal

PayPal was valued at $360 billion in 2021, but that has now fallen to just $36 billion due to competition from Apple Pay and other rivals.

IBM’s warning sows anxiety for investors

CEO Arvind Krishna’s comments paint an ominous picture for more than just IBM, whose shares dropped 25% Tuesday, wiping out $70 billion in market value.

Bonta’s Paramount suit underwhelms

Paramount plans to contest Bonta’s definition of “blockbuster” films as a market unto themselves and argue that cable TV competition remains robust.

UK law firm Linklaters sought to merge with Cleary Gottlieb

Linklaters’ approach was rebuffed, but it’s the latest effort to consolidate among big law firms.

Paramount weighs leaving California over Warner Bros. rift

David Ellison is wary of decamping, but his battle with state regulators is intensifying.

Prediction markets hit a federal snag

An SDNY judge’s ruling against Kalshi gives powerful ammunition to the 16 other states that have filed similar claims against prediction markets.

Cloudflare puts prices on AI scraping

Cloudflare recently rolled out what is essentially a bot paywall that would allow its customers to charge AI models for scraping its customers’ content.

FIFA is printing money from the World Cup. What about the host cities?

Alex Lasry, in charge of the New York-New Jersey host committee, on why it’s all worth it: “If you can’t sell the World Cup, you can’t sell.”