Trump may have skipped APEC—but Xi’s using it to sell China as globalization’s last defender
Chinese leader Xi Jinping told Asia-Pacific leaders on Friday that his country would help to defend global free trade at an annual economic regional forum snubbed by U.S. President Donald…
What big companies get wrong about innovation, according to an IBM insider
Thomas says that combination has sharpened his understanding of why many large companies fail to innovate. “It comes down to one word,” he says. “Iteration.”Thomas explains that most large organizations…
Adult obesity rate fell from record high—and big pharma is reaping the benefits from mainstream sales of weight-loss drugs like Zepound and Mounjaro
The decline comes as a growing number of Americans turn to GLP-1 drugs to lose weight. Gallup found that the use of these drugs specifically to lose weight (they’re also…
Crypto’s second wave of ETFs arrives, investors snap up new Solana offering
Based on early demand, the hot new offering is an ETF that provides exposure to Solana, the sixth most popular cryptocurrency. According to Eric Balchunas, an analyst at Bloomberg Intelligence,…
AI empowers criminals to launch ‘customized attacks at scale’—but could also help firms fortify their defenses, say tech industry leaders
Over the past decade, “cyberattacks have gone from more innocuous attacks to really destructive ones,” Bipul Sinha, CEO of cybersecurity firm Rubrik, said Monday during a lunch session at the…
Billie Eilish calls on billionaires to give away their wealth—with Mark Zuckerberg in the room: ‘If you’re a billionaire, why are you a billionaire?’
Billie Eilish has a message for the world’s most prominent billionaires: Give your money away, shorties. “I love you all, but there are a few people here with a lot more…
Since ChatGPT launched, job openings are down 30% while the stock market is up 70%. One economist says the true culprit isn’t AI, but monetary policy
For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.source
Goldman Sachs CEO: AI’s opportunity is enormous, but ‘there will be winners and losers’
Good morning. David Solomon, chair and CEO of Goldman Sachs, leads one of the world’s most prominent investment banks and sees AI as a key growth driver, though he cautions…
Reddit founder Alexis Ohanian kept receipts from trolls who mocked his bet on women’s sports: ‘Every time we hit another revenue milestone, I tag them and thank them for the motivation’
“The argument that women’s sports don’t bring in the same dollars or viewers is inane,” he wrote—and in came ridicule from readers who didn’t believe that people would want to…
The government shutdown won’t be completely recouped—and it could cost the economy up to $14 billion, estimates say
A government shutdown usually reduces real GDP temporarily, halting non-essential federal operations, delaying government payments, and cutting spending on services and salaries. But the overall drop in economic output is…
