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Trump says U.S.-Iran peace deal is done, but hard questions still loom

Also: All the news and watercooler chat from Fortune.

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Fortune

Diane Brady

Animoca Brands cofounder Yat Siu argues Asia will fuse AI and the blockchain before the West does

“In Asia, we don’t have this problem since we’re much more comfortable with money.”

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Fortune

Angelica Ang

Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion

"I need more data than Elon does to make a decision," Gwynn Shotwell once said.

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Fortune

Eva Roytburg

Oil and gas supplies could take months to return to normal after Iran deal, energy experts say

In addition, some producers in the Middle East paused extracting oil from the ground, known as a shut-in, when they ran out of storage space.

yesterday 1

Fortune

Cathy Bussewitz

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world’s top superpower can at least punch open a hole

Hegseth said the U.S. naval blockage in Iran is "impenetrable" and 125 million barrels of oil have now exited the Gulf, "showing that we control the...

yesterday 2

Fortune

Jason Ma

Canadian Prime Minister Mark Carney warns U.S. restrictions on new Anthropic AI models show danger of relying too much on American providers

“You’ll hear me say this over and over again. It is never a good idea to have one option.”

yesterday 2

Fortune

Rob Gillies

Iran pushes differing versions of deal as U.S. sticks to timeline

The versions diverge in key respects, making it hard to assess how much of a win the deal will be for either side.

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Fortune

Salma El Wardany

Vietnam has bold plans for its economic future. It will need U.S. tech, capital, and speed to make them happen

Vietnam already has the attention of global business, but it needs to convert that interest into committed capital.

yesterday 1

Fortune

Brian Mcfeeters, Opinion Contributor

A warning from Amazon led the White House to shut down Anthropic’s Mythos model

Amazon's CEO raised the alarm about a jailbreak in Anthropic's Fable 5 model, triggering an unprecedented export control order and a fresh clash with...

yesterday 1

Fortune

Beatrice Nolan

Social Security faces steep cuts. These senators want to bet on stocks and $27 trillion in debt to save it—but ‘the gamble does not always pay off’

"As a result, the most likely outcome is that in the 75th year, the government will end up with a big pile of debt, requiring large interest...

yesterday 2

Fortune

Jason Ma

Trump says a deal has been reached with Iran and orders end to U.S. naval blockade as Hormuz to reopen — ‘Ships of the World, start your engines’

“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” Pakistan said.

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Fortune

Julia Frankel

Markets celebrate U.S.-Iran deal as both sides confirm this time is real. Trump says oil will flow and ‘I never cared about regime change’

“Deal with the Islamic Republic of Iran is now complete. Congratulations to all!"

yesterday 3

Fortune

Jason Ma

Trump warns Israel and Iran not to ‘blow it’ after new strikes threaten ceasefire deal that he says will bring peace to Lebanon

Trump has pressed Israeli Prime Minister Benjamin Netanyahu to stop hitting Lebanon hard while a deal is near, but the prime minister has defied him.

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Fortune

Julia Frankel

AI job disruption is here. The problem may be compounded because nearly 75% of people don’t apply for unemployment benefits

Many don’t apply because they don’t believe they will be eligible for benefits.

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Fortune

Jacqueline Munis

Prices for whey protein ingredients are up as much as 250% on U.S. dairy commodities markets as demand soars

The average U.S. supermarket now has 38,708 products advertising their protein content, according to NielsenIQ.

yesterday 1

Fortune

Dee-Ann Durbin

Wall Street is gaining access to new catastrophe models to help predict wars

The same people modeling natural disasters are now adapting their methodology to help investors, banks and insurers predict military conflicts.

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Fortune

Gautam Naik

SpaceX surge further boosts Saudi billionaire prince’s fortune

Prince Alwaleed bin Talal’s investment firm Kingdom Holding Co. surged after SpaceX’s share gains on its first day of trading drove the value of...

yesterday 0

Fortune

Adveith Nair

Early vote tally shows Switzerland rejecting bid to cap population at 10 million, a proposal dubbed the ‘Swiss Brexit’

The proposal could jeopardize Switzerland’s deep ties to the EU anchored by deals that foster economic growth, cultural ties and cross-border...

yesterday 1

Fortune

Jamey Keaten

Israel strikes Hezbollah targets in Beirut, potentially complicating efforts to finalize a deal to end the U.S.-Iran war

The deal in its current form is a deep disappointment to Israel's government, which has been sidelined in negotiations led by Pakistan and others.

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Fortune

Julia Frankel

Gen Z grad landed an internship by wearing her university baseball cap to her pizza joint job. Now she works at Cisco

“I decided to resort to unusual networking methods,” says Ayala Ossowski, who recited an elevator pitch to pizza restaurant customers.

yesterday 3

Fortune

Orianna Rosa Royle

‘The cost of compute is far beyond the costs of the employee’: Nvidia executive says right now AI is more expensive than paying human workers

Big Tech has announced $740 billion in capex this year, but AI has yet to show evidence of widespread increased productivity.

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Fortune

Sasha Rogelberg

Just months after Trump warned states not to regulate AI, Republican and Democratic lawmakers are doing it anyway

A mix of Republican- and Democratic-led states have passed such laws this year, including Colorado, Connecticut, Idaho, Iowa, Nebraska and Oregon.

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Fortune

Marc Levy

Kevin O’Leary says being liked has nothing to do with success—Steve Jobs taught him: ‘You can’t worry about whose feelings you bruise’

The multimillionaire investor told Fortune he learned from working with the late Apple CEO embracing a “founder’s mindset” involves tough love....

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Fortune

Emma Burleigh

The Sun Belt boom is over. Midwest real-estate investors say ‘I told you so’

While capital chased Sun Belt momentum, secondary markets have been delivering something rarer: steady, reliable returns.

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Fortune

Ivan barratt

SpaceX went from three consecutive rocket explosions and near-bankruptcy in 2008 to the biggest IPO in history

Elon Musk once gave SpaceX less than a 10% chance of surviving.

yesterday 10

Fortune

Marco Quiroz-Gutierrez

Boomers actually do hold most of the wealth and power. So why do they call it ‘whiny’ to point that out?

My inbox called Millennials whiny. The Federal Reserve, a field of social scientists and Aristotle disagree.

yesterday 1

Fortune

Nick Lichtenberg

A 1% mistake costs $10 billion: Inside the impossible math of managing Elon Musk’s trillionaire SpaceX wealth

SpaceX's record IPO made Musk a trillionaire—and created a wealth-management challenge no advisor has ever faced.

yesterday 8

Fortune

Sydney Lake

The Gen Z cofounder of $1.6 billion Whop says his platform has minted over 650 millionaires—he wants to make work fun and money worries obsolete

CEO Steven Schwartz says workers enjoying their jobs is a “foreign” concept to most, but hundreds are becoming millionaires by profiting from...

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Fortune

Emma Burleigh

Nexstar CEO: big tech swallowed local newspapers. Local TV could be next

I started with one television station in Scranton over 30 years ago, now I employ nearly thousands of journalists coast to coast.

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Fortune

Perry a. sook

Pump pain, Wall Street gain: Iran war sends U.S. oil profits, stocks soaring as the big winners

The higher oil price environment may extend well into 2028 as the world refills its depleted energy reserves, analysts warned.

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Fortune

Jordan Blum

A quartz countertop tariff could double your kitchen renovation cost — and kill 13 jobs for every one it creates

The ITC just ruled that imported quartz is hurting domestic manufacturers. The cure may be worse than the disease.

yesterday 1

Fortune

Steve swedberg

Middle-aged adults taking GLP-1s for obesity can save over $192K on lifetime medical costs, higher if they don’t have college degrees, new study finds

The National Bureau of Economic Research paper's lead author hopes putting a dollar value on the benefits of GLP-1s will lead to better access

yesterday 10

Fortune

Mia osmonbekov

OpenAI hit with multistate probe into possible user harm, days after filing for a highly anticipated IPO

“AI is a new and powerful technology, and we work every day to safely bring its benefits to people in a responsible way," OpenAI said.

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Fortune

Bernard Condon

Canadian Prime Minister Mark Carney says ‘new world order will be built starting with Europe’

“Canada is the most European of non-European countries. We are transforming our cooperation with Europe.”

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Fortune

Rob Gillies

You can ignore AI giants like SpaceX, but your 401(k) won’t

Nasdaq changed its rules to allow some huge companies to join its Nasdaq 100 index after just 15 trading days.

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Fortune

Stan Choe

Trump to name one of his personal lawyers for powerful Southern District of New York, which handles terrorism, espionage, and securities cases

James M. McDonald, a former federal prosecutor, is part of the legal team handling Trump’s appeal of felony convictions related to hush money...

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Fortune

Fatima Hussein

The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends

"The reason is that companies tend to issue when equity demand is strong, earnings momentum is healthy and investor risk appetite is elevated."

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Fortune

Jason Ma

U.S.’s screwworm fix is still a year away, risking more spread

A facility that breeds sterile flies to halt reproduction of the parasite isn’t slated to begin operating until November 2027.

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Fortune

Ilena Peng

Trump at 80 works to project strength as political woes mount

He is struggling to end an unpopular war with Iran, some fellow Republicans have begun to resist his ideas and polls show his support outside his...

previous day 1

Fortune

Catherine Lucey

Trump expects to sign a deal with Iran on Sunday, but Tehran may want to avoid giving him a gift on his birthday

"Seems fitting that this should serve as the endgame."

previous day 2

Fortune

Jason Ma

‘It’s not a jailbreak’ — Research leading to U.S. export restrictions on top Anthropic models was for defense, cybersecurity CEO says

"It was Defense Oriented Prompting (DOP), capabilities defenders need."

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Fortune

Jason Ma

Trump says he’ll sign deal with Iran to reopen Hormuz Sunday

Trump also said Iran would not get any money in the deal, which was a key sticking point for Iran during negotiations mediated by Pakistan.

previous day 2

Fortune

Arsalan Shahla

The real star of the UFC fight at the White House may be the Claw: a behemoth cage constructed for the Octagon

The mixed martial arts show on Sunday night that is streaming on Paramount is timed for Trump’s 80th birthday and the celebration of the nation’s...

previous day 1

Fortune

Dan Gelston

Meet the lone star tick: the primary U.S. source of alpha-gal syndrome, which is a life-threatening meat allergy that’s on the rise

Regulators recently approved the first drug for the condition, and more therapies may be on the way.

previous day 2

Fortune

Matthew Perrone

Trump to talk with allies at G7 summit in the coming week about removing mines from the Strait of Hormuz as deal to end Iran war nears

Britain and France, who are both members of the G7, have expressed interest in assisting with demining the critical waterway once the conflict is...

previous day 1

Fortune

Munir Ahmed

More and more of Musk’s companies end up under the same roof. Here’s a look at his sprawling empire

He still holds the CEO role at several corporations today, in addition to other various executive titles or ownership stakes.

previous day 10

Fortune

The Associated Press

A deal to the end the U.S.-Iran war could be finalized within 24 hours. Tehran wants to charge ships crossing Hormuz ‘for services rendered’

Pakistan is preparing for the electronic signing of the agreement, followed immediately by technical-level talks next week.

previous day 10

Fortune

The Associated Press

I spent 8 years flood-proofing a city. Capital markets are running out of time to take El Niño seriously

Federal forecasters put the odds of a strong El Niño this winter at two in three. The bigger story isn't the weather.

previous day 2

Fortune

Ravi s. bhalla

Workers start removing Trump’s name from the Kennedy Center, but there’s little on the venue’s schedule after a few upcoming events

After a day of legal maneuvers and thunderstorms, workers began the process in the early morning hours of removing the Republican president's name...

previous day 2

Fortune

Steven Sloan

America just committed $1.2 trillion to fix its infrastructure. We’re still flying blind

A data center secretly drained 29 million gallons from a drought-stricken Georgia county. Digital twins could have caught it in real time.

previous day 2

Fortune

Gregg herrin