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The Latest Breaking News from Fortune

California Gov. Gavin Newsom doubles down on his criticism of the proposed billionaire wealth tax

The California governor said the wealth tax “actually will reduce investments” in education, child care, and public safety.

Fortune

Nvidia CEO denies ‘nonsense’ report he’s unhappy with OpenAI: ‘I really love working with Sam’

“We will invest a great deal of money,” Jensen Huang said, while clarifying that Nvidia’s potential $100 billion investment was “never a commitment.”

Fortune

Top AI leaders are begging people not to use Moltbook, a social media platform for AI agents: It’s a ‘disaster waiting to happen’

Moltbook might be fake, but even worse, it’s dangerous to run on your personal computer, experts say.

Fortune

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Trump is channeling Ford in his plan for a U.S. strategic rare earths reserve

Trump’s latest move to secure U.S. supply of irreplaceable materials is a callback to a Nixon-era strategy.

Fortune

OpenAI launches Codex app to bring its coding models, used to build OpenClaw, to more users

OpenAI is locked in an increasingly intense battle with rival Anthropic over tools to create AI agents. The debut of the Codex app comes weeks after Anthropic launched a similar Claude Cowork product.

Fortune

How a ‘spy sheikh’ bought 49% of the Trump family’s flagship crypto company: ‘We’ve got some pretty meaningful investors’

Investors with ties to the Abu Dhabi royal family signed a deal to inject $500 million into World Liberty Financial.

Fortune

Trump’s tariffs ‘woke the rest of the world up to the formula’ of leveraging economic firepower against trade partners, says Morgan Stanley CIO

“Our view is that this is a multiyear phenomenon that is worth investing in,” Morgan Stanley Wealth Management’s Lisa Shalett said.

Fortune

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$15 billion tech CEO says she doesn’t know what jobs will look like in 2 years—but she’s still pushing her son into computer science

HubSpot CEO Yamini Rangan admits tech jobs are changing fast—but says Gen Z shouldn’t ditch higher education: “Depth in an area, combined with learning how to learn, is what really matters.”

Fortune

‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture

The millionaire said eating well, getting sleep, and exercising, not overworking, will help founders “optimize.”

Fortune

In 2026, many employers are ditching merit-based pay bumps in favor of ‘peanut butter raises’

Bucking the trend of rewarding only top staffers, around 44% of companies are planning fixed pay bumps spread out evenly to all their employees—and it could help low-income workers.

Fortune

Elon Musk warns a new social network where AI agents talk to one another is the beginning of ‘the singularity’

“Just the very early stages of the singularity,” Musk posted on X on Saturday.

Fortune

Exclusive: Anthropic partners with Allen Institute and Howard Hughes Medical Institute

Rather than use AI to achieve scientific breakthroughs, Anthropic is betting AI agents can make the routine work of science more efficient.

Fortune

Why Colgate-Palmolive uses global rotations to develop leaders

Global rotations have become a key tool in how Colgate develops leaders.

Fortune

A crypto social media network’s failure raises an awkward question: Is blockchain good for anything beside finance?

The stablecoin giant has heaps of gold and has invested in a wide range of P2P technologies.

Fortune

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Fortune

What CFOs at Adobe, Dataminr, and Huntington say about scaling AI

From pilots to production, finance chiefs are reshaping AI strategy around data, governance, and speed.

Fortune

‘FOMO’ trade finally loses steam as gold and silver sink on Warsh nomination

“Price action had long since detached from any sane discussion on debasement, but it often takes only a small ripple to trigger a broader correction,” noted Deutsche Bank’s Jim Reid.

Fortune

As Silicon Alley turns 30, New York is building its own tech mecca

From the dot-com bubble to Datadog, New York has become its own version of Silicon Valley.

Fortune

How Pfizer’s CEO wielded moral clarity to help his team do the impossible

The pharma company had to scale vaccine production from 200 million annually to 3 billion at the pandemic's peak.

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Fortune

30 years after the founding of 'Silicon Alley,' New York's tech scene is so big it has no center

Also: All the news and watercooler chat from Fortune.

Fortune

Goldman Sachs leads $75 million funding round for Fieldguide, an AI-native accounting and audit platform

Valued at $700 million, Fieldguide is combating the “existential” talent crisis in the CPA industry.

Fortune

Singapore to establish national space agency to seize opportunities in space economy

The World Economic Forum predicts the global space economy to exceed $1.8 trillion by 2035, up from $613 billion in 2024.

Fortune

This 'mutually assured destruction' threat in the $7.3 trillion JGB market helps prevent Japan from triggering a debt crisis — for now

"Yet the JGB has unique features going for it, which limit the odds that the next debt crisis will be made in Japan."

Fortune

How FedEx CEO Raj Subramaniam is adapting to the era of 're-globalization'

Subramaniam—FedEx's second-ever CEO, and a company lifer—now has to lead the Global 500 company without founder Fred Smith for the first time.

Fortune

Top energy expert says probability the U.S. will attack Iran soon is 75% as risk of major disruption to oil supply is priced in — 'this one is real'

“The markets are pricing the risk that this time the past will not indicate the future—that we could have a sustained disruption in energy flows.”

Fortune

China's export-led growth is looking more and more unsustainable while a real estate crash and reeling consumers fuel deflationary spiral

"China’s growth model is becoming increasingly difficult to sustain."

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