The Latest Breaking News from Fortune

What if a rogue AI agent goes on a spending spree? Mastercard is preparing for that risk

As AI agents gain spending power, business leaders face a costly question of who pays when they go rogue.

Fortune · Oct 12

Psychedelic medicine is approaching a turning point. The U.S. needs the right infrastructure to be ready

Today’s psychedelics bear little resemblance to 1970s counterparts. These medicines undergo rigorous clinical trials and licensed manufacturing processes.

Fortune · Oct 12

U.S. private equity deal value was down 14.1% in Q3, PitchBook says

U.S. private equity—with more than $3 trillion in assets under management—has been locked in a cycle of geopolitical uncertainty and possible rate hikes.

Fortune · Oct 12

Can we trust OpenAI and Anthropic to monitor their own technology?

Also: All the news and watercooler chat from Fortune.

Fortune · Oct 12

Jeff Bezos says he gets why socialism is surging—but politicians blaming ‘greedy landlords’ have housing all wrong

A record 43% of Americans now view socialism favorably. The Amazon founder blames government policy for the housing crunch and holds up Austin, where rents have fallen, as proof that building more works.

Fortune · Oct 12

Vikrom Kromadit built his industrial park empire in Thailand and Vietnam. Laos is next

Laos’s green-energy potential is why the Amata CEO calls the landlocked country “the battery of Southeast Asia.”

Fortune · Oct 12

Nearly 70 million kids now have a Trump Account—but parents have to claim it first. Here’s who gets the $1,000

The Treasury auto-enrolled more than 60 million children, and $4.5 billion has flowed in since July. But the government’s seed money goes only to kids born from 2025 through 2028, and the new stock gifts come with strings attached.

Fortune · Oct 12

The IEA wants to empty its oil reserves faster. A federal watchdog says the U.S. isn’t ready for what comes next

The IEA is racing to finish its record 400-million-barrel release as diesel prices spike. Meanwhile, a federal watchdog warns the U.S. Strategic Petroleum Reserve is aging, shrinking, and operating without a target size.

Fortune · Oct 12

‘If nothing is done, it’s almost inevitable’: Ukraine’s Yuriy Ryzhenkov on why steelmaking is on the brink of collapse as Russian bombing intensifies

Amid the flames and destruction, the CEO of Metinvest says that this period of the war is as tough as anything the company has seen since Russia’s full-scale invasion of Ukraine more than four years ago.

Fortune · Oct 12

Oil theft is on the rise in the heart of U.S. shale country—and it’s mostly carried out in targeted, organized heists

According to a Dallas Fed survey, 32% of executives who were impacted by oil theft said it had increased slightly over the past 12 months.

Fortune · Oct 11