Good morning. On Fortune’s radar today:
- Apple CEO John Ternus launches a foldable iPhone today .
- How rich you would be if you had bought Apple stock instead of an iPhone.
- Markets: Oil above $100 as Iran escalates conflict in the Gulf.
- Bessent: ‘I am the house now … You can bet against me if you want.’
- GM CEO Mary Barra is sticking with EVs .
- AI is hurting job creation.
- America’s $40 billion sandwich habit.
- The internet’s undersea ‘chokepoints’ mapped.
- Why bears increasingly want to get inside your car .
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