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The Latest Breaking News from Fortune

Tesla shareholders who are furious with Elon Musk have 2 main options to advocate for change

Launching a lawsuit against Musk is unlikely to work, says a legal scholar.

Fortune

Oracle is reportedly among wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’

The Department of Defense announced $580 million in funding, grant, and contract cuts last week.

Fortune

Airbnb cofounder Joe Gebbia says DOGE is pushing to create an ‘Apple Store–like experience’ in government

Gebbia joined Elon Musk and six other DOGE members to share details of their planned federal overhaul in an interview with Fox News.

Fortune

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Boston Fed president says tariff-induced inflation ‘looks inevitable.’ She suspects the central bank will hold rates steady for longer

However, Susan Collins said the inflation could be short-lived.

Fortune

Putin says it’s ‘a profound mistake’ to treat Trump’s push for Greenland and its vast deposits of rare minerals as ‘some preposterous talk’

President Donald Trump has made U.S. control of Greenland a pillar of his second term’s burgeoning foreign policy.

Fortune

Lululemon adds to warnings about consumer spending as stock tanks 15% on weak revenue outlook amid tariff uncertainty

Lululemon's CEO said “consumers are spending less due to increased concerns about inflation and the economy.”

Fortune

This real estate billionaire prepared his son for succession by forcing him to work for a different boss—'You’re not going to work for me'

Billionaire Jorge Pérez shocked his son Jon Paul by refusing him a job at the family real estate company until he earned experience working elsewhere. The hard work paid off decades later, with Jon Paul now taking over as CEO.

Fortune

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Expert blames phones as a driving factor for the declining birth rate that Elon Musk warns could lead to human extinction

This social scientist says to stop blaming childless cat ladies for the global fertility decline.

Fortune

Sam Bankman-Fried parts ways with ‘Diddy’ as feds transfer crypto con man from Brooklyn prison to Oklahoma

The former FTX CEO is presumably en route to California, where his parents live.

Fortune

Publishers, journalists and film producers attack plan for enforcing Europe's new AI law

Draft guidance for AI companies won’t ensure that they comply with the AI Act or EU copyright law, say rights holders.

Fortune

Markets may be past peak tariff uncertainty, even as investors weigh new tax on auto imports and brace for 'Liberation Day'

The “American exceptionalism” trade might not be dead yet, fund managers told Fortune.

Fortune

American worker confidence just hit a record low and is even worse than it was during the darkest days of the pandemic.

“It is essentially an employer’s marketplace right now.”

Fortune

Trump warns U.S. carmakers not to take advantage of tariffs by hiking prices on consumers

The Trump administration believes auto execs could be tempted to use the tariffs as cover to push through their own hefty price hikes without risking the competitiveness of their U.S.-built vehicles.

Fortune

Doja Cat and Charli XCX's agent on her groundbreaking career in the music industry

'I always wanted to run everything,' says Jenna Adler.

Fortune

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Fortune

Sam Altman says ChatGPT's Studio Ghibli-style images are ‘melting’ OpenAI’s GPUs

The flood of Ghibli-style images has forced OpenAI to impose temporary limits—and raised questions about potential copyright violations.

Fortune

LVMH heir Alexandre Arnault will join the board of top-end ski wear brand Moncler after the French giant struck a deal with its CEO

LVMH bought a 10% minority stake in Double R, Moncler’s largest shareholder and the vehicle owned by its CEO Remo Ruffini, six months ago.

Fortune

ASICS, the 75-year-old sportswear maker behind the Onitsuka Tiger brand, gets into virtual reality with a new Pong-like video game

DISC, which resembles Tron or 1994 cult classic Windjammers, is ASICS's first foray into the gaming space, from its new ASICS Ventures division.

Fortune

MrBeast told Mark Zuckerberg the first thing he would change if he ran Meta

In a joint interview, YouTube sensation MrBeast and Meta CEO Mark Zuckerberg swapped thoughts on reaching audiences with video.

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Fortune

There are 372 AI unicorns right now, according to PitchBook. Here’s what that means

Right now, in the tech industry paddock, there are 372 AI unicorns, according to PitchBook.

Fortune

Ferrari's U.S. customers face 10% price hikes over Trump tariffs

Ferrari CEO Benedetto Vigna warned in March the carmaker was ready with countermeasures in the event of tariffs.

Fortune

Toast's CFO and president Elena Gomez got her start in finance at age 5, with the help of her grandfather

Gomez was recently appointed president of the $20.5 billion market cap tech company.

Fortune

Just a few years into joining the world of work, 4 in 10 Gen Zers are ready to quit and survive on unemployment benefits instead

Many Gen Z workers are already over the nine-to-five grind of work. A PwC report warns that the huge pool of unemployed young people—or NEETs—is about to get bigger.

Fortune

23andMe says it won permission from a judge to sell customers’ medical and ancestry data. Here’s how to delete yours

The company says that during bankruptcy, its security precautions concerning genetic data will remain the same, but its privacy policy says these measures can change at will.

Fortune

‘We're just hanging on for dear life’: How CEOs are navigating increasing geopolitical uncertainty.

Also: Putin unbothered by Trump’s push for Greenland, Musk responds to car tariffs.

Fortune

The vibecession is back. But a change in mood about the economy is often ‘a harbinger of things to come’: a drop in consumer spending and business investment, economist says

“If you believe the latest survey data…you would think the economy is on the cusp of a recession,” said Jeffrey Roach, LPL Financial chief economist.

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