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The Latest Breaking News from Fortune

Traversal emerges from stealth with $48 million from Sequoia and Kleiner Perkins to reimagine site reliability in the AI era

Traversal launches from stealth with $48 million in funding from its seed and Series A rounds, led by Sequoia and Kleiner Perkins, Fortune has exclusively learned.

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Exclusive: Health tech startup Tennr raises $101 million Series C at $605 million valuation to fix the patient referral process

Venture firm IVP led the round along with existing investors Andreessen Horowitz, Lightspeed, and Iconiq.

Fortune

Amazon’s AI boss reveals the make-or-break trait that decides whether you get hired—and it can't be faked, rehearsed, or tested for

“If you're not genuine, you won't do well in an Amazon interview,” the tech giant’s AI chief warns—and both Jeff Bezos and Andy Jassy have said the same.

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Autodesk CEO fights declining optimism around AI

Also: All the news and watercooler chat from Fortune.

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Trump’s $499 ‘built in the U.S.’ smartphone will likely be made in China, analysts say, making it subject to his own tariff policy

“The idea that [manufacturing] could be replicated in the U.S. in any sort of short- to medium-term time scale is fanciful,” one analyst said.

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Stocks sink amid instability in the Middle East, Fed decision

The S&P 500 dropped as Trump weighs whether to enter Israel’s war with Iran.

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Coinbase is seeking regulatory approval to offer blockchain-based stock trading

The company’s chief legal officer reportedly calls “tokenized equities” a “huge priority.”

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To get the benefits of AI, businesses must change how they operate, Microsoft says

Automating existing processes provides limited gains. Bigger leaps come from new workflows and organizational structures.

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Ethereum critics say it has failed—but boosters say cryptocurrency has become ‘digital oil’

The second largest cryptocurrency has lagged behind Bitcoin in price and is still about 50% below all-time highs in 2021.

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Cushman & Wakefield’s Michelle MacKay on the advantages of board-to-CEO leaders

Also: All the news and watercooler chat from Fortune.

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Canva’s cofounder is looking to hire ‘AI natives’ and university dropouts

“They’re really good hires, especially when you add them to a nontechnical team and upskill the rest of the organization,” Cliff Obrecht said. “[They] become evangelists in the organization and really help drive that mindset shift.”

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Fed meets as policymakers are expected to assert their independence amid Trump’s pressure

After a turbulent spring, investors will be watching this latest Fed meeting to see if Chair Jerome Powell will offer any hints about whether the worst has passed or is yet to come.

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Exclusive: Trump’s former commerce secretary says an overconfident White House may push trade allies like the EU too far

The Trump administration is scoring wins with its new foreign policy, says Wilbur Ross, but runs the risk of getting overconfident because of its successes.

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Merck exec says Chernobyl changed the course of her life after her father begged her to leave nuclear physics on his deathbed

Gen Z grads are slamming degrees as worthless—but Fortune 500 boss, Doina Ionescu, says her MBA was the best investment because ‘it has fundamentally changed me as a person’.

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Inside Blackstone’s $500 billion bet on Europe

As Steve Schwarzman braces to dethrone Warren Buffett as the longest-running Fortune 500 CEO, he and other Blackstone execs talk about the asset manager’s plans for Europe.

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JPMorgan Chase files for blockchain-related trademark, triggering speculation it has stablecoin plans

The trademark filing for “JPMD” referred to digital currencies and other blockchain technology.

Fortune

Exclusive: Congressman Tim Moore failed to properly disclose hundreds of thousands of dollars worth of personal stock purchases made around Trump's 'Liberation Day' in a potential STOCK Act violation

Moore did not publicly disclose a dozen stock trades that he made throughout April until Friday, which is well after a federal deadline for doing so.

Fortune

The CEOs of Starbucks and Chipotle hit the gym together each morning—they bounce ideas off each other at 5 a.m. between sets

The newest coffee or burrito innovation might not be spun out of the boardroom—but rather the weight room. Brian Niccol and Scott Boatwright spot each other every morning—and bounce ideas off each other in between sets.

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Nonprofit run by former CEO Anne Wojcicki wins bid to acquire 23andMe for $305 million

Price tag is $305 million.

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Corporate CFOs are warming up to blockchain

Interest in stablecoins is becoming increasingly common.

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Free breakfast is disappearing at popular hotel brands

Experts explain why this perk is being reconsidered.

Fortune

WorkWhile, flexible labor platform, raises $23 million Series B

WorkWhile raised a $23 million Series B, Fortune has exclusively learned. Rethink Impact led the round.

Fortune

OpenAI plans to continue working with Scale AI despite rival Meta’s $14.3bn deal, CFO says

Despite the $14.3 billion investment that is shaking up the AI landscape, OpenAI's CFO says the company plans to keep working with Scale AI.

Fortune

General Mills CEO Harmening: 'We don't sell Cheerios in the morning and then think about sustainability in the afternoon'

Also: Israel-Iran conflict enters fourth day, Trump orders more mass deportations.

Fortune

Exclusive: Trump's fixation with 90-day pauses is less about foreign governments, and more about signing deals by mid-terms, says his former commerce secretary

"In history the senators always had a big voice in tariffs—so far he hasn't given them any voice, and there's always the danger that they will suddenly start to exert a voice," Wilbur Ross tells Fortune.

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