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The Latest Breaking News from Fortune

The U.S. has shown China and Russia ‘who really is a military power,’ says Trump’s ex–commerce secretary. Don’t expect them to get involved in Iran

Speaking exclusively with Fortune, Wilbur Ross said the Iran war “is going at least as well as anyone could have hoped,” and that he is “intrigued” that China and Russia have not intervened.

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The French AI startup gunning for Workday, Oracle, and SAP

Fortune has exclusively learned that Eléonore Crespo’s Pigment is approaching $100 million in ARR, having doubled ARR for a third consecutive year.

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Famed investor Vinod Khosla predicts free AI labor will lead to an era of few jobs and great abundance

Also: All the news and watercooler chat from Fortune.

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Trump promised lower drug prices. Here's how Congress virtually guaranteed the opposite

Mark Cuban says we wouldn't pay for potato chips like this. Congress is complicating things even more.

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U.S. oil and gas exporters profit from the Iran war, but they can’t begin to fill the supply gap as global prices spike

Energy prices continue to spike, but a worst-case scenario has yet to unfold.

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Trump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought

AI has made battlefield decision-making faster. But it also raises questions about risk and ethics.

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Cities join Amazon in ending their partnership with license-plate reader Flock following Super Bowl Ad. ‘Your privacy is totally fine,’ says Ring CEO

"It was a shame" that people reacted that way to Ring's Super Bowl ad, says Ring CEO Jamie Siminoff. The company won't use Flock, but the reaction means people want safer neighborhoods.

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$15 billion of the insurance industry is at risk from AI, BofA says

BofA accused the insurance industry of clogging its ranks with tons of unnecessary salespeople, with a “snowball effect” about to start happening.

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Why the stock market thinks the Iran war will last 4 weeks, according to Goldman's head of oil research

The market is pricing in about a month of action in the Middle East, but experts warn triple-digit oil prices could become reality if war lasts even longer.

Fortune

Visa to expand card partnership with Stripe’s Bridge to over 100 countries

The two firms previously launched stablecoin-backed cards for 18 countries in April.

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The Iran war could accelerate the rise of the 'poly-national' company

Also: All the news and watercooler chat from Fortune.

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Want to live forever? Meta patented an AI model that would keep your profile active after you die

Meta’s new AI patent means your dead uncle could still comment fire emojis on your posts, but experts say this could undermine grief and closure.

Fortune

Trump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says

“One problem I have with cost-of-war calculations is that they really do ignore the counterfactual,” Kent Smetters of the Penn Wharton Budget Model told Fortune.

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This boomer CEO became a Social Security advocate 15 years ago. Trump's big tax cut 'did not help,' she says

“Very few at the very top gain more and more tax advantages…the lower and middle class aren’t really seeing a benefit,” Martha Shedden told Fortune.

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Social media companies are fighting the 'age verification trap' as collecting biometrics on kids violates privacy rights

Big Social is reaching its Big Tobacco moment as it regulations intensify and social media companies look to implement age verification methods on its platforms.

Fortune

U.S. war with Iran forces CEOs to prepare for the worst—from rising energy prices to cyber attacks

Also: All the news and watercooler chat from Fortune.

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The electrician shortage is a threat to Big Tech’s ‘life or death’ race to build data centers—and an opportunity for Gen Z

By going all in on AI, tech companies like Meta and Microsoft are shaking up white-collar career paths—and creating a huge demand for new electricians.

Fortune

American schools weren’t broken until Silicon Valley used a lie to convince them they were—now reading and math scores are plummeting

Neuroscientist Jared Cooney Horvath warns that the U.S.’s $30 billion bet on laptops in schools has made Gen Zers less cognitively capable than their parents.

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news in one place.

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Gen Z can't afford the American Dream—so they've traded homeownership for paying off debt. 'Their debt feels heavier because it hits earlier'

Gen Zers carry an average of $94,000 in personal debt.

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USAA CEO says Gen Z ‘are not going to be as well off’ as boomers and Gen Xers—they need to take ownership of their success, he urges

USAA's Juan C. Andrade says Gen Zers are struggling, especially as AI continues to upend entry-level jobs. Young workers can take control by adopting this career strategy.

Fortune

Your grandparents are the reason the U.S. isn't in a recession right now. That won't last forever

Boomers—particularly wealthy older people—are “driving the train” when it comes to the economy right now, economists told Fortune.

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Your utility bills keep going up. Here's everyone you can blame—AI data centers included

Utilities announce hundreds of billions in spending as data centers boom and ratepayers' costs rise.

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Your spend as a 'weapon’: Scott Galloway’s ‘Resist and Unsubscribe’ movement asks you to ditch Amazon, Apple, and Netflix to oppose Trump

The NYU professor and podcast host is hoping to wipe out a quarter billion in market cap from 10 tech companies in his protest of Trump administration immigration policies.

Fortune

Meet the Gen Z college students who turned Excel into a competitive esport—they’re competing in spreadsheet challenges and it’s helping them land jobs

Microsoft-backed spreadsheet competitions are turning Gen Z college students into job-market standouts.

Fortune

The week the AI scare turned real and America realized maybe it isn't ready for what's coming

From the "Ghost GDP" to mass layoffs at tech companies, this was the week AI's new collar economy took full effect.

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