Latest line: A good week for Nancy Pelosi, a bad week for Intel

Democratic powerbroker sees her gambit pay off, while a Silicon Valley giant hits tough times

Nancy Pelosi

After leading the delicate effort to convince President Biden not to run for re-election, San Francisco’s former House speaker sees Kamala Harris raise $300 million and leap in the polls, boosting Democrats’ hopes.

 

 

 

Intel

Santa Clara chipmaker announces plans to lay off 15% of its workforce worldwide after posting a $1.6 billion second-quarter loss and admitting it has been slow to capitalize on artificial intelligence.

 

 

 

Daniel Lurie

Heir to the Levi Strauss fortune reports raising $894,548 in his San Francisco mayoral campaign during the first six months of 2024, more than any candidate. But he spent $1.1 million and ended June $137,525 in debt.