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UNBELIEVABLE: 5 - Caught on Camera

Welcome to the 'upper-middle-class trap': why $300,000 a year doesn't feel like winning anymore

Investopedia put a $5 million price tag on the American Dream, but Nick Maggiulli says six-figure earners are more financially fragile than they look.

Fortune

Zohran Mamdani's business council includes the CEOs of Chobani and Etsy. But Wall Street and Big Tech turned him down

The New York City mayor got 15 business leaders to join his new council, but some of New York’s biggest corporate names are absent.

Fortune

The supply-chain savant: How FedEx CEO Raj Subramaniam leads through ‘reglobalization’

Tariffs, conflict, and shifting trade routes are upending the flow of goods around the world. Raj Subramaniam is betting FedEx can use the disruption to its advantage.

Fortune

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We laid him off. Then we hired him back

When we rehired Jonathan at Syndio, he logged back in and found our cold, corporate restructuring announcement still sitting in his inbox. Gut punch.

Fortune

Pete Hegseth is worried about the Pentagon’s ‘Soviet-style bureaucracy,’ but the military’s $285 billion maintenance mess is all-American

“You have to question whether the resources are being allocated in a way that provides maximum benefits,” Harvard’s Linda Bilmes told Fortune.

Fortune

Trump Visa Restrictions Could Worsen Economic Strains by Cutting Labor Supply, Experts Say

Economists warn new Trump administration legal immigration restrictions, including a $103k H-1B fee and visa pauses, could harm U.S. labor, tourism, and innovation.

Latin Times

Meta's $18 billion settlement won't be enough to escape its trust problem

Also: All the news and watercooler chat from Fortune.

Fortune

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Google DeepMind is losing its grip on elite AI talent

New data shared exclusively with Fortune shows the lab’s share of top research and engineering hires in Europe has fallen sharply as OpenAI, Anthropic, and a new generation of rivals gain ground.

Fortune

Why Wall Street sees a $39,800 pancreatic cancer pill as proof of a much bigger bet

Dr. Danish Nagda, a shareholder in the developer, told Fortune it was "incredibly exciting ... maybe half a decade away from the post-cancer era."

Fortune

Don't praise Meta 'for what the court orders them to do': Meta will only pay the full $17.1 billion settlement if TikTok and YouTube match it

State attorneys general guaranteed $12.1 billion. Meta says it's holding back $5.3 billion unless its rivals sign on.

Fortune

Meta's $18 billion settlement leaves out the child protections New Mexico already won at trial, its Attorney General says

Raúl Torrez said New Mexico secured stronger protections against AI chatbots and predators than the national settlement. Child safety experts agree.

Fortune

A major German bank just let Claude and ChatGPT trade for customers. In one test, Claude beat human traders 76% of the time—but there's a catch

Scalable Capital is rolling out an AI assistant program that lets users make trades, analyze portfolios, and set up savings plans with just a few prompts.

Fortune

Exclusive: Struggling DraftKings awards $30 million marketing contract to co-founder who recently stepped down

Six weeks before leaving his post, Matthew Kalish signed agreements with his startup HardScope potentially worth millions.

Fortune

‘It’s very objective’: Billionaire Marc Lore's Wonder uses an AI algorithm to determine who gets promoted

Lore has spent his career turning messy business problems into math. At Wonder, he’s now applying that instinct to employees’ careers.

Fortune

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Fortune

Dolly Parton once gave $1 million to help develop the Moderna COVID vaccine at Vanderbilt: ‘I’m kind of addicted to the feeling of giving’

Dolly Parton had a $450 million fortune at her passing, but spent much of her life giving it away—including $1 million toward COVID-19 vaccine research.

Fortune

The $40 trillion national debt and the bond market's revolt: top Wall Street strategists explain how we got into this mess

David Kelly and Torsten Slok reached the same conclusion from opposite directions: with DC unwilling to touch the deficit, the bond market is the bad cop.

Fortune

New York metro area touts $3.5 billion impact from World Cup, silent on full costs from transit overruns and hosting FIFA

The final tally came after some naysayers derided the total spend from both New York and New Jersey, which put up an estimated $245 million.

International Business Times UK

Harvard Built AI Clones of Its Professors and Sold Startup Courses for $699: 'Creepy'

Harvard Business School's Foundry course uses AI avatars of top lecturers to guide 760 founders through an 8-week online program for $699, preparing entrepreneurs for real-world investor pitches.

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Fortune

OpenAI's new revenue chief has a simple mission: make the money match the hype

Rajic, 53, has earned a reputation as one of the most disciplined, successful enterprise sales leaders in tech.

Fortune

Mark Cuban wants companies to give their employees more stock. Could that narrow the divide between the bottom and the top?

Also: All the news and watercooler chat from Fortune.

Fortune

Nike brought back a 32-year veteran to save the $60B brand. Its turnaround is still a ‘long, hard slog’

CEO Elliott Hill has started fixing Nike’s business. Winning back the consumers and cultural cachet it lost could be much harder.

Fortune

Deloitte puts the lunar economy at up to $566 billion by 2050—and SpaceX is speeding the timeline

The report, shared with Fortune ahead of its Wednesday release, says ripple effects could push the total above $1.1 trillion if water-ice rocket fuel and orbital data centers pan out.

Fortune

Instagram is like a digital cigarette and box of chocolates that 'encourages gluttony.' How do you fix that?

“The algorithms change the whole nature of it, and that’s where my chocolate metaphor went awry,” safety advocate Larry Magid told Fortune.

Fortune

Corporate America’s anti-woke retreat is reaching its limits

Some absurd questions I hear: Which words create the most risk? Which commitments belong in communications? Which programs are central to the business?

Fortune

Scott Bessent, Stanley Druckenmiller and a hedge-fund legend hoist on his own petard

The protege, the mentor, and a hedge-fund global macro strategy turned against its own pioneer as the bond vigilantes ride again.

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