Gas prices hit the $4 per gallon mark on Tuesday—a “psychological wall” that will have many Americans rethinking summer travel.

That’s according to Patrick De Haan, GasBuddy’s head of petroleum analysis, who told Forbes the Trump Administration has “two to three weeks” before travelers change plans based on costs. “We’re going to start seeing an economic impact that lasts into the start of the summer, and that’s hard to get back.”

The U.S. economy is on tenuous footing, and a recent survey found 45% of Americans are “extremely” or “very” worried about being able to afford gas in the next few months.

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OpenAI raised $122 billion in its latest funding round, the artificial intelligence giant announced Tuesday, bringing its post-money valuation to $852 billion. OpenAI is raking in $2 billion every month, the company said, but it’s not yet profitable despite its strong revenue numbers.

Major stock indexes had their best day of trading since May 2025 as President Donald Trump signaled in an interview with the New York Post on Tuesday that U.S. military forces will not need to be in Iran “much longer.” The S&P 500 gained 2.9%, the Nasdaq climbed 3.8% and the Dow Jones Industrial Average advanced 2.5%, though all three have fallen at least 5% in the last month.

Increased optimism about the job market led the consumer confidence index to an unexpected jump in March, the Conference Board reported. Still, consumers’ long-term expectations declined, driven by concerns about inflation and the Iran war.

Oracle slashed thousands of positions, reportedly citing “current business needs” as the firm plans to accelerate its AI spending this year. Shares of Oracle rose 6% Tuesday. TD Cowen analysts had previously indicated that the tech firm could free up to $10 billion in cash flow if it cut as many as 30,000 employees.

It’s not just entry-level roles: AI could be coming for middle management, too, billionaire Jack Dorsey and former Sequoia managing partner Roelof Botha are arguing. The technology can track projects, spot problems and share information faster than humans, they say. Dorsey’s fintech firm Block has already laid off 40% of its workforce on that bet, but there are reasons to be skeptical.

MORE: Four years after retiring from his role at Sequoia Capital, billionaire Doug Leone is returning as chairman. Leone will resume making investments for the firm, after backing companies like ServiceNow, NuBank and Wiz, though the move comes at a turbulent time for the storied venture capital firm.

The Trump Administration cannot defund NPR and PBS, a federal judge ruled, and the executive order he signed last year amounts to “viewpoint discrimination and retaliation” not tolerated by the First Amendment. It’s the latest legal blow to the administration’s efforts to target the media for coverage he deems unfavorable, after a federal judge sided against the Trump Administration’s removal of the Associated Press’ White House credentials last year.

A separate federal judge ordered the administration to stop construction on the new White House ballroom following a legal challenge from the National Trust for Historic Preservation. The judge found that the challenge is likely to succeed unless Congress authorizes the construction, ruling that while President Donald Trump is the “steward” of the presidential home, “he is not, however, the owner!”

President Donald Trump signaled he is considering pulling the U.S. out of NATO in an interview with The Telegraph, describing the Western alliance as a “paper tiger.” He’s been lashing out at the group’s reluctance to help the U.S. in its conflict with Iran and reopening the Strait of Hormuz, as some European NATO members have restricted or closed airspace to U.S. military aircraft involved in the war.

The OpenAI Graveyard: All The Deals And Products That Haven’t Happened

In January, OpenAI’s CEO of applications Fidji Simo defended the company’s spaghetti-at-the-wall product approach—ads, shopping, health, a social network, browser, physical devices, video generation and an App Store-like marketplace—as variations on the same theme. “AI is going to transform everything,” Simo told Forbes at the time. “And so we don’t really think of these as completely separate bets.”

But just two months later, OpenAI reversed course on its flashiest initiative yet: its once-viral, beloved-by-some Sora video model and app, and a “landmark” licensing deal with Disney that was set to include a $1 billion equity investment. The retreat points to a strategic shift toward more financial discipline within the company. Facing pressure to build products that actually make money ahead of a potential upcoming IPO—and with rival Anthropic gaining steam—OpenAI has been shedding so-called “side quests” left and right. With $13 billion in 2025 revenue but still deeply unprofitable, the company is now refocusing on areas where demand is already proven—coding and enterprise productivity tools.

Every startup pivots if things aren’t working. But OpenAI’s reversals have felt like whiplash. And with many other projects and deals announced but not yet realized—like an AI hardware product designed by famed Apple designer Jony Ive, whose company OpenAI acquired for over $6 billion in (mostly unvested) stock, or a secretive social network based on people’s biometrics—it’s not clear which of Altman’s many promises will turn into reality.

WHY IT MATTERS “OpenAI is one of the world’s biggest companies that is disrupting how we think, work and live,” say Forbes’ Phoebe Liu and Rashi Shrivastava. “The company’s product promises and deal announcements move markets, sometimes to the tune of tens of billions in a day, and influence the trajectories of both giants (like Walmart or Nvidia) and the little guys (like indie developers or artists). But the ChatGPT maker’s flashy press releases sometimes come with strings attached or some kind of out. That means it’s important to keep track of what they do and don’t follow through with to understand the company and broader AI landscape.”

MORE OpenAI Wants To Create A Biometric Social Network To Kill X’s Bot Problem

Novo Nordisk launched a new subscription program for Wegovy in an effort to lower the weight loss drug’s price, as cost remains a major barrier to access. The program is available for self-pay patients for either the pill or injectable version:

$249: The cost per month of the cheapest program under the plan

32%: The share of people who start drugs like Wegovy and are still taking them one year later, analysis from Prime Therapeutics showed

‘Help people start and stay’: What Novo Nordisk says its Wegovy subscription is designed for

Moving into a management role used to be the natural goal for many professionals, but these days, fewer workers are interested in climbing the corporate ladder. While a management title may come with additional pay, it can also bring added stress—and experiences with lackluster leadership are turning more people away. Organizations should think about careers in a less linear way and offer multiple opportunities for employees to build new skills.

President Donald Trump shared a video Monday with renderings of his future presidential library in Miami. What kind of building is the library depicted as?

Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.

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