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The Latest Breaking News from Fortune

Trump's Golden Dome plan will cost $1.2 trillion, says the CBO, five times more expensive than initially expected

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

Fortune

AI is a ‘euphoric’ bubble and you should buy into it, Wells Fargo analyst urges

"You can't own anything but AI—that's how a bubble forms. We expect limited downside," Ohsung Kwon says.

Fortune

CEOs join Trump in China as AI takes priority over trade deals

Also: All the news and watercooler chat from Fortune.

Fortune

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What drones and drug discovery have in common

What do weapons and drug discovery have in common? Over the last 24 hours, billions of dollars and a lead investor.

Fortune

Shaq's father once gave his White Castle burgers to a homeless vet—and it inspired the NBA legend's business and philanthropy empire

Basketball legend Shaquille O'Neal says his father taught him to give people help when they’re in need—and he’s lived by that lesson throughout his three-decade career.

Fortune

Encrypted texts reveal how Nvidia chips and U.S. tech are being smuggled to China and Russia

American-made tech components are being illegally smuggled to Russia, Iran, and China and lawmakers fear it could give them a battlefield edge.

Fortune

Frankenpipelines: Inside Trump's bid to resurrect Keystone XL and stretch Dakota Access north

A patchwork of smaller, connected projects using existing pipe aims to resurrect Keystone XL and extend the Dakota Access Pipeline to Canada.

Fortune

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Michael Burry, Paul Tudor Jones, and a Nobel-winner all see the same thing: A stock market reckoning

The last time Shiller's CAPE index soared to 40, the market took 12 years to recover.

Fortune

Japanese snack giant resorts to black-and-white bags of potato chips as Iran War literally sucks color out of the world

Japan gets 70% of its total imports of naphtha, a petroleum-based material used in printing inks, from the Middle East.

Fortune

Sam Altman defends himself as a 'honest and trustworthy businessperson' in trial testimony detailings his past dealings with Elon Musk

The OpenAI CEO took the witness stand Tuesday to defend his business record in a trial that has invited further scrutiny of Altman’s leadership after testimony from former board members last week.

Fortune

‘That doesn't sound very healthy’: Amazon’s reported tokenmaxxing might gamify AI usage, analyst warns

Amazon employees are reportedly gaming internal AI leaderboards to inflate their token counts.

Fortune

Teenage soccer sensation Lamine Yamal hobnobs with Olivia Rodrigo, wins championship, waves Palestinian flag

All in all, it was a very Gen Z way to celebrate the La Liga title.

Fortune

DHS wants to build AI smart glasses using the facial recognition tech ICE agents already ‘could be’ using on Americans

Budget documents describe "operational prototypes" that would let immigration agents identify people on the street using biometric data.

Fortune

The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises

The parents of billionaire Amazon founder Jeff Bezos have deep ties to Robin Hood, one of Wall Street’s favorite local charities.

Fortune

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It’s not just Canadian tourists snubbing U.S. cities. Business leaders are cancelling more trips to America as geopolitical tensions continue

An analysis of cell phone data shows Canadian visits to U.S. cities have plummeted 42% year-over-year, dwarfing previous estimations.

Fortune

Ted Turner built the original infinite scroll. The attention economy is running on his playbook

The CNN founder, who died May 6 at 87, designed the open-loop content model decades before Facebook's algorithm. The man with the Midas touch.

Fortune

India brings back COVID-era work-from-home rules and asks farmers to halve fertilizer use as the Iran war chokes its oil lifeline

India is particularly exposed to the Iran oil shock as 50% of its crude oil imports pass through the Strait of Hormuz.

Fortune

The U.S. auto industry went from global hegemon to running a $3.3 trillion trade deficit with the world: 'That's not acceptable'

Lagging American car companies is a bad sign for the industry and for national security.

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news in one place.

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Fortune

'It's like we don't exist': Nearly 50,000 Lake Tahoe residents face power loss as utility redirects lines to data centers

Roughly 49,000 Lake Tahoe residents could lose 75% of their power after their energy provider said it's directing energy to neighboring data centers.

Fortune

Even as hallucinations show up in legal filings, Big Law goes all in on AI with new Anthropic release

Quinn Emanuel's Christopher Kercher built his firm's litigation platform on Claude and it's "far beyond what I would've done on my own — probably ever."

Fortune

The China shock hollowed out factory towns. This professor thinks the AI shock is coming for your urban coffee shop

A new AI index maps out where in the U.S. the technology stands to hit hardest, echoing an economic trauma America is still recovering from.

Fortune

AI chatbots are becoming mental health tools before they are ready

Chatbots are becoming a first stop for emotional support for many users, but new research suggests their tendency to provide reassurance can be harmful.

Fortune

Delta CEO Ed Bastian asked AI to write his graduation speech—then scrapped it and warned Gen Z against ‘pushing the easy button’

As AI reshapes the job market, Delta CEO Ed Bastian warned Gen Z graduates about over relying on the technology that lacks ‘soul.’

Fortune

Anthropic’s Daniela Amodei says entrepreneurs should go on vacation to road test potential cofounders—if they’re a drain, they’re ‘the wrong choice’

The Anthropic cofounder and former OpenAI exec says the secret to picking the right cofounder is to travel together before you build together.

Fortune

'A miserable number': Iran war and AI spending drove inflation to a 3-year high

KPMG's Diane Swonk says the Iran war is in your groceries, AI is in your electricity bill, and the Fed has no easy way out.

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