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The Latest Breaking News from Fortune

AI systems are unlikely to make the scientific discoveries some leading labs are hoping for, Hugging Face’s top scientist says

Hugging Face cofounder Thomas Wolf is pouring cold water on hopes that current AI systems could revolutionize scientific progress.

Fortune

The art of debate, as not demonstrated by Senator Ted Cruz

Plus: All the news and watercooler chat from Fortune.

Fortune

200 Central Banks, Foreign Entities Dump $48B in US Treasuries as Confidence in US Assets Falters

Global central banks continue to withdraw US Treasuries from the New York Federal Reserve since Trump's tariff play in late March. This trend could force the Treasury to hike yields to attract bond buyers, which could drive up borrowing costs.

International Business Times UK

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ICE raids and immigration crackdowns are creating anxiety in the workplace. Here’s how business leaders can talk about it with employees

The recent efforts have created a new sense of urgency for business leaders around how to prepare their workplaces.

Fortune

DaVita CEO Javier Rodriguez: The Trump administration is 'very aggressive in trying to change the trajectory of health care'

Also: All the news and watercooler chat from Fortune.

Fortune

How much you should walk to see fitness gains, according to experts

What you need to know about walking for fitness.

Fortune

Why CEO Michelle MacKay hit the reset button on Cushman & Wakefield and turned it into a "different kind of engine"

"We're growing a different kind of engine, a different kind of company, and a different kind of culture that's far more tapped into where the world is going," MacKay told Fortune.

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Inside the Four Seasons' ultra-luxurious $188,000 ‘White Lotus’ private jet experience: Rare whiskey, five-star Wagyu, and spontaneous tattoos

“We are constantly evolving and innovating to meet guests’ wishes,” Marc Speichert, executive vice president and chief commercial officer at Four Seasons, told Fortune.

Fortune

How retail giant Home Depot is preparing employees for ICE raids

Companies may have to initiate new policies to handle an uptick in interactions with federal authorities.

Fortune

Meta’s $100m signing bonuses for OpenAI staff are just the latest sign of extreme AI talent war

Big Tech companies are shelling out jaw-dropping compensation amid a fierce AI talent war.

Fortune

War, tariffs, and Trump: What members of the FOMC will be thinking as they finalize their base rate decision today

ANALYSIS: Here are a handful of factors likely impacting the Fed’s interest rate decision being announced today.

Fortune

Traversal emerges from stealth with $48 million from Sequoia and Kleiner Perkins to reimagine site reliability in the AI era

Traversal launches from stealth with $48 million in funding from its seed and Series A rounds, led by Sequoia and Kleiner Perkins, Fortune has exclusively learned.

Fortune

Exclusive: Health tech startup Tennr raises $101 million Series C at $605 million valuation to fix the patient referral process

Venture firm IVP led the round along with existing investors Andreessen Horowitz, Lightspeed, and Iconiq.

Fortune

Amazon’s AI boss reveals the make-or-break trait that decides whether you get hired—and it can't be faked, rehearsed, or tested for

“If you're not genuine, you won't do well in an Amazon interview,” the tech giant’s AI chief warns—and both Jeff Bezos and Andy Jassy have said the same.

Fortune

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Autodesk CEO fights declining optimism around AI

Also: All the news and watercooler chat from Fortune.

Fortune

Trump’s $499 ‘built in the U.S.’ smartphone will likely be made in China, analysts say, making it subject to his own tariff policy

“The idea that [manufacturing] could be replicated in the U.S. in any sort of short- to medium-term time scale is fanciful,” one analyst said.

Fortune

Stocks sink amid instability in the Middle East, Fed decision

The S&P 500 dropped as Trump weighs whether to enter Israel’s war with Iran.

Fortune

Coinbase is seeking regulatory approval to offer blockchain-based stock trading

The company’s chief legal officer reportedly calls “tokenized equities” a “huge priority.”

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news in one place.

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Fortune

To get the benefits of AI, businesses must change how they operate, Microsoft says

Automating existing processes provides limited gains. Bigger leaps come from new workflows and organizational structures.

Fortune

Ethereum critics say it has failed—but boosters say cryptocurrency has become ‘digital oil’

The second largest cryptocurrency has lagged behind Bitcoin in price and is still about 50% below all-time highs in 2021.

Fortune

Cushman & Wakefield’s Michelle MacKay on the advantages of board-to-CEO leaders

Also: All the news and watercooler chat from Fortune.

Fortune

Canva’s cofounder is looking to hire ‘AI natives’ and university dropouts

“They’re really good hires, especially when you add them to a nontechnical team and upskill the rest of the organization,” Cliff Obrecht said. “[They] become evangelists in the organization and really help drive that mindset shift.”

Fortune

Fed meets as policymakers are expected to assert their independence amid Trump’s pressure

After a turbulent spring, investors will be watching this latest Fed meeting to see if Chair Jerome Powell will offer any hints about whether the worst has passed or is yet to come.

Fortune

Exclusive: Trump’s former commerce secretary says an overconfident White House may push trade allies like the EU too far

The Trump administration is scoring wins with its new foreign policy, says Wilbur Ross, but runs the risk of getting overconfident because of its successes.

Fortune

Merck exec says Chernobyl changed the course of her life after her father begged her to leave nuclear physics on his deathbed

Gen Z grads are slamming degrees as worthless—but Fortune 500 boss, Doina Ionescu, says her MBA was the best investment because ‘it has fundamentally changed me as a person’.

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