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

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...