Good morning. On Fortune’s radar today:
- Bill Gates says the world is unprepared for AI’s risks : “There is no plan.”
- There is a deal to reopen the Strait of Hormuz, but Trump is silent so far.
- Markets: Nvidia , Nvidia, Nvidia.
- No, the U.S. can’t grow its way out of the national debt, experts say.
- Increased productivity from AI is refusing to show up.
- The insane price of decorating a college dorm room .