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The Latest Breaking News from Fortune

Elon Musk's trillion dollars aren't real — and that's the point

He draws no salary, can't sell his shares without collapsing their value, and his net worth depends on bets that haven't paid off yet.

Fortune

Yale School of Management: surveillance pricing is just the beginning. AI agents will be the real test of corporate trust

Maryland and Connecticut have banned personalized pricing based on consumer data. But who do AI agents actually work for?

Fortune

SpaceX's drop off sees Elon Musk's net worth fall $240 billion—roughly the same value as computing giant IBM

Musk’s net worth has dropped from a peak of $1.32 trillion to $1.08 trillion at the time of writing, per the Bloomberg Billionaires Index.

Fortune

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Corporate America's top ranks are nearing a retirement tipping point, expert says

A surge of CEO and CFO retirements is looming, raising urgent questions about succession planning and board readiness.

Fortune

Gen Z: if you want to succeed at work, you need to start friction-maxxing

It’s going to feel awkward. Let it. Lean into that discomfort, get your training reps in, and watch how fast you outpace everyone else in the room.

Fortune

Cooley CEO: Big Law won't survive if it treats AI as just an efficiency tool

The billable hour is losing its grip and law firms face a choice: redesign the business of law around AI, or let the future be decided for them.

Fortune

Saudi PIF's governor wants the kingdom to become a global investment center

After deploying billions in capital around the world, Saudi now wants to attract global investment to the kingdom

Fortune

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Markets tumble worldwide as Fed resets interest rate expectations: $400 billion wiped off SpaceX stock

Everything you need to know before you reach the office this morning.

Fortune

Saudi Aramco’s chairman calls for “energy realism”

As the world grapples with the greatest oil shock in history, Saudi Aramco's Chairman calls for "energy realism"

Fortune

CPJ: press freedom must endure the American World Cup

FIFA's biggest tournament is here but ICE crackdowns, AI surveillance and restricted access threaten what that holds the Beautiful Game accountable.

Fortune

United Nations: business can’t build economic resilience from the sidelines

As geopolitical risk rises and the $4 trillion SDG financing gap widens, blended finance will only scale if companies help design systems.

Fortune

Technology Innovation Institute: AI agents need proof, not promises

As AI systems shift from answering questions to taking action, enterprise trust has to be verifiable while the work happens, not asserted after it.

Fortune

The CEO with real-time data on 1 in 6 American workers says stop worrying about jobs—and start thinking about tasks

Also: All the news and watercooler chat from Fortune.

Fortune

‘This is the least crazy AI is ever going to get’: The lessons Europe’s execs must take from Anthropic’s shutdown

The challenge for Europe’s senior executives is that access to the world’s best AI may come at the cost of strategic autonomy, and they need to decide whether that tradeoff is worth it.

Fortune

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Brexit, 10 years later: 7 prime ministers, a demographic slide, and a 6% to 8% smaller economy

Keir Starmer’s resignation will give the U.K. its seventh prime minister since the Brexit vote 10 years ago—a period that has reshaped the country’s population and economy.

Fortune

AI drug discovery firm Insilico Medicine signs deal with Korea’s SK Biopharmaceuticals worth $2.5 billion

“We want to be the SpaceX of the pharmaceutical industry,” Alex Zhavoronkov, co-CEO of Insilico Medicine, tells Fortune.

Fortune

Steve Jobs became a billionaire thanks to a Pixar gamble. Now ‘Toy Story 5’ is breaking box office records thanks to that bet

Before Jobs made Apple the most valuable company on Earth, he helped bring Pixar to life.

Fortune

The World Cup’s biggest winner so far? Prediction markets, where a $5.4 billion betting frenzy has shattered previous records

What began as a quirky corner of finance is quickly becoming another default app on fans’ phones during one of the world’s biggest sporting events.

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Fortune

Kraft pounces on World Cup ranch craze with TSA-approved travel kits after the agency tells visitors to ‘avoid chugging’ the dressing

World Cup visitors are so enamored with the dressing, they’re chugging it outside of airport security, forcing TSA to issue a no-chugging warning.

Fortune

Nvidia says its new data center design will fix AI’s water problem

The company says it has eliminated “pretty much all water usage” with its new liquid cooling design.

Fortune

What leaders can learn from the Knicks ending their 53-year championship drought

Resilience isn't built in winning seasons. It's built in losing ones.

Fortune

Drowning in AI: Companies are launching hundreds of projects, and that’s a problem

At Fortune Brainstorm Tech, executives from Carvana, GXO, and other firms shared lessons for companies about rapid AI adoption.

Fortune

Data center protests have become a national sport, despite only 8% of opponents actually living near one

Data center opposition—and the AI backlash in general—is more about anxiety towards the future than experience in the present.

Fortune

Elon Musk to get a billion shares of SpaceX if he can settle a million humans on Mars

Prediction market traders think a human colony on Mars is unlikely, and SpaceX itself did not specify a timeline in its prospectus.

Fortune

The Fed is fed up with inflation and will bring down the hammer with a series of rate hikes this year, reversing earlier cuts, BofA says

“The Fed was willing to look through the tariffs, but it is losing patience after the latest round of supply shocks.”

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