- In today’s CEO Daily: FedEx CEO Raj Subramaniam is leading through a moment of “re-globalization.”
- The big leadership story: New York bans new AI data centers for now.
- The markets: Mostly up after softer-than-expected U.S. inflation data
- Plus: All the news and watercooler chat from Fortune .
Good morning. Fortune Editor-in-Chief Alyson Shontell writing from New York this morning.