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The Latest Breaking News from Fortune

Canva’s billionaire founders are minting overnight millionaires with employee share sale

Past and present “Canvanauts” will be able to sell up to $3 million of their vested equity, an internal email says.

Fortune · Aug 22, 2025

Ex-Applebee's exec was told she’d never be CEO—she bought the chain and fired her naysayer: ‘We don't need two of us, so I'm gonna have to let you go’

Multimillionaire baby boomer Julia Stewart grew IHOP’s business and got back at her former employer after being denied the top role. Spanx’s and FedEx’s founders also created billion-dollar companies after their business ideas were rejected.

Fortune · Aug 22, 2025

Gen Z want 'secure' jobs in healthcare—but this CEO left the industry after realizing he could make millions getting Americans to eat more fruit instead

A medical school grad walked away from a secure path in health care to build a $100 million snack company. Now he hires without even looking at degrees.

Fortune · Aug 22, 2025

From analysis to the latest developments in health,
read the most diverse news in one place.

Dreamworks cofounder Jeffrey Katzenberg joins Kimbal Musk’s drone entertainment company

Nova Sky Stories is also raising $50 million from various investors, including Katzenberg’s tech investment firm, WndrCo.

Fortune · Aug 22, 2025

Walmart’s CFO on competing for tech talent: 'You’re helping shape the future of retail on a massive scale'

Amid soaring e-commerce sales and rising tech salaries, Walmart is focused on the long term.

Fortune · Aug 22, 2025

Private equity dealmaking in aerospace and defense drops 32% in Q2, PitchBook says

PitchBook data shows a 32% year-over-year decline in aerospace and defense deal count, a drop the research platform links to tariffs and broader geopolitical uncertainty.

Fortune · Aug 22, 2025

Former Siemens and Alcoa CEO Klaus Kleinfeld dismisses the idea of work-life separation: 'You are one person'

Also: All the news and watercooler chat from Fortune.

Fortune · Aug 22, 2025

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Trump's 19-year war on wind power is 'weaponizing bureaucracy to undermine American energy production,' critics say

Trump is tying wind and solar projects up in ever-increasing bureaucratic layers and reviews while expediting fossil fuels.

Fortune · Aug 22, 2025

Bitcoin dips ahead of Fed chair’s remarks at Jackson Hole

The world’s largest cryptocurrency is down almost 5% after notching an all-time high one week ago.

Fortune · Aug 21, 2025

Bernie Sanders and Donald Trump form an unlikely alliance over billions in chipmaker subsidies

Trump has a newfound taste for state involvement in the private sector. It’s a palate Sanders has long enjoyed.

Fortune · Aug 21, 2025

Airline customers are suing Delta and United, claiming millions of travelers paid extra for window seats only to be seated next to windowless walls

“They have quite literally sold customers a window seat without a window,” one lawyer representing the classes of airline passengers told Fortune.

Fortune · Aug 21, 2025

OpenAI may soon be the most valuable private company—but Sam Altman’s net worth won’t jolt, as the CEO holds no equity and makes just $76,001 a year

OpenAI’s Sam Altman didn’t build his fortune off his modest CEO salary. The tech titan worth $1.9 billion instead made critical early investments in Uber, Airbnb, and Reddit that yielded hundreds of millions of dollars.

Fortune · Aug 21, 2025

How crypto’s top lobbyist persuaded lawmakers—and President Trump—to embrace the blockchain industry

Longtime D.C. veteran Kristin Smith on crypto’s political crusade and what comes next.

Fortune · Aug 21, 2025

CEOs at America’s 100 largest low-wage employers are paid 632 times as much as the average worker, study finds

From 2019 to 2024, average CEO pay at these firms climbed 34.7%, compared with just a 16.3% rise for their average worker pay. Inflation was 22.6% over the same period.

Fortune · Aug 21, 2025

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Fortune · Aug 21, 2025

Exclusive: Twin Health, metabolic health startup, raises $53 million Series E at $950 million valuation

Twin Health raised a $53 million Series E led by Maj Invest of Denmark, Fortune has exclusively learned.

Fortune · Aug 21, 2025

Starbucks’ CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise instead

The coffee chain cited limiting costs during a turnaround effort as its reason for the modest pay bump.

Fortune · Aug 21, 2025

Gen Zer washed his college basketball team’s dirty clothes and mopped floors to prove his passion—now he’s one of the youngest interns ever at the NBA

Mocked as ‘mop boy,’ Daniel Sung turned a year of college basketball grunt work into a dream NBA internship, LinkedIn fame, and multiple startup offers at just 19.

Fortune · Aug 21, 2025

Beyond snubbing Tinder, Bumble, and casual flings, more than half of Gen Z is spending $0 monthly on dating, BofA finds

Gen Z’s economic anxiety—as well as disinterest in casual dating—has led many young people to spend little to nothing on dates.

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news in one place.

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Fortune · Aug 21, 2025

How Target let Walmart steal its rizz

Also: All the news and watercooler chat from Fortune.

Benzinga · Aug 21, 2025

Elon Musk's $29 Billion Tesla Pay Package Sparks Investor Revolt As Major Shareholder Group Demands NASDAQ Probe

The SOC Investment Group has called for a formal investigation by NASDAQ into Tesla Inc. (NASDAQ:TSLA) regarding a recent $29 billion equity grant to CEO Elon Musk.

Fortune · Aug 20, 2025

Meta wants to speed its race to ‘superintelligence’—but investors will still want their billions in ad revenue

Mark Zuckerberg has hired a new AI all-star team, but Facebook, Instagram, and Ray-Bans are still getting most of the love.

Fortune · Aug 20, 2025

Tesla shareholder group urges probe, ‘appropriate remedial action’ from Nasdaq over Elon Musk’s $29 billion pay package

The group’s letter argues that Tesla shareholders likely “did not believe they were voting on an equity plan that would cover compensation to Mr. Musk” all the way back in 2019.

Fortune · Aug 20, 2025

Target's incoming CEO started as an intern at the $44 billion retail giant 20 years ago—he advises Gen Z who want to copy him to 'embrace feedback'

What started as a summer placement in Target’s finance department two decades ago has turned into the top job for Michael Fiddelke. His advice for Gen Z interns? "Slow down and ask questions. Embrace feedback."

Fortune · Aug 20, 2025

AI anxiety has sent markets into a tizzy, but experts say the jitters will only ‘punish those chasing the froth’

“The crash is separating real AI revenues from companies that only have AI PowerPoints.”

Fortune · Aug 20, 2025

President Trump may want a lower base rate on behalf of consumers, but it sure is convenient for national debt too

While Trump frames the issue as consumer pain, Wharton’s Joao Gomes told Fortune that cheaper borrowing would also ease interest payments on the government’s $37 trillion debt burden—likely a central motivation.

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