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The Latest Breaking News from Fortune

Bill Gates got climate communication right. Let's focus on saving lives, not spreading fear

I'm the dean of the nation's first climate school and I know that fear-based messaging has outlived its usefulness.

Fortune

Microsoft, freed from its reliance on OpenAI, is now chasing ‘superintelligence’—and AI chief Mustafa Suleyman wants to ensure it serves humanity

Microsoft follows Meta in rebranding its advanced AI efforts as “superintelligence.” But Suleyman says Microsoft’s “humanist” approach means it will try to ensure superpowerful AI “doesn’t harm us.”

Fortune

Citi CFO Mark Mason on how AI powers a global advantage

Citi is using AI to streamline operations while maintaining risk controls, Mason says.

Fortune

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Progress but uneven: Energy transition reality check

As COP30 kicks off in Belém, leaders need take on board the fact that this transition is nuanced and dynamic.

Fortune

Wall Street can’t decide whether the job market is showing a ‘rebound’ or declining to ‘stall speed’

U.S. futures are flat this morning as traders try to figure out whether new jobs data makes a Fed rate cut in December more or less likely.

Fortune

The only phone notifications Jamie Dimon gets are from his kids—everyone else should call the office

“If you send me a text during the day, I probably do not read it,” Dimon said.

Fortune

Founders are getting huge paydays before their startups are close to an exit—and that’s fine with many VCs

Venture firms don’t like to talk about early stage secondary sales but the practice is common in bull markets.

Fortune

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Delta CEO Ed Bastian rejected a mentor’s advice on how to run the $38 billion airline

Delta CEO Ed Bastian says he reads through thousands of customer emails while flying in coach.

Fortune

The best way to test the 'Musk magic premium' may be to give Elon Musk everything he wants

Also: All the news and watercooler chat from Fortune.

Fortune

From Jamie Dimon to Bill Ackman, Wall Street's billionaires are now changing their tune and offering to help Zohran Mamdani

Over $22 million was spent by billionaires to prevent the democratic socialist from becoming mayor-elect, estimates say.

Fortune

Robinhood is pulling in big money on prediction markets—but doesn’t want one of its own

CEO Vlad Tenev said Robinhood’s distribution channels mean it can rely on partner firms like Kalshi to supply prediction market exchanges.

Fortune

Novo Nordisk wants to keep its crown leading the weight-loss drugs pack. Despite outlook downgrades and lawsuits, its CFO has a plan

“The ultimate defense in our industry is in innovation,” Karsten Munk Knudsen told Fortune in an exclusive interview.

Fortune

WeRide’s CEO pitches robotaxis as a solution to aging populations and long commutes, as the firm raises more money for R&D with an HK IPO

CEO Tony Han talks about Chinese investors, self-driving cars as a social good, and why companies like Uber are turning to Chinese robotaxi partners.

Fortune

Zohran Mamdani’s signature housing policy is widely loathed by economists. Here’s why

Economists argue rent freezes benefit insiders at the expense of outsiders.

Fortune

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Fortune

Bank of America prioritizes bigger AI initiatives, as annual spending on new tech increased by 44% over the past decade

Hari Gopalkrishnan, the chief technology and information officer for Bank of America, is responsible for the $4 billion spent this year on AI and other new technology initiatives.

Fortune

Inflation is so bad Americans are counting on Black Friday just to afford groceries and everyday essentials

"Black Friday is still a make-or-break moment for retailers, but shopper behavior is shifting," says Lightspeed Commerce founder and CEO Dax Dasilva.

Fortune

The under-the-radar factor that helped Democrats win in Virginia, New Jersey, and Georgia

As the AI land rush accelerates, local fights over water, power, and land may shape who wins and loses in American politics.

Fortune

Ford CEO Jim Farley strikes a cautious tone on Apple’s new CarPlay Ultra and its increasing control over cars: ‘Do you want the Apple brand to start the car?’

Farley said he has talked to Apple CEO Tim Cook “many times” on the subject of CarPlay.

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Fortune

Ulta Beauty CEO Kecia Steelman says she has the best job ever: 'My job is to help make people feel really good about themselves'

"I could think of a lot worse jobs out there than that," Steelman told Fortune.

Fortune

McDonald’s and Cava earnings have one thing in common: The K-shaped economy has a vise grip on the lunchtime crowd

The restaurant chain CEOs noted that while young, lower-income consumers are pulling back, high-income earners are still hungry to spend.

Fortune

Millennial CEO shares 'the most honest' absence request from his Gen Z staffer: 'I recently had a breakup... I need a short break'

The boss approved the request without question, but concluded: “Gen Z doesn’t do filters!”

Fortune

A top analyst warned of a 'prisoner's dilemma' and 'AI wobble' in the stock market just days before Palantir seemed to confirm everyone's fears

"Is there going to be an AI wobble at some point?" Tony Yoseloff told Goldman Sachs. "There's a little bit of a prisoner's dilemma, let's call it."

Fortune

IBM's CEO admits Gen Z's hiring nightmare is real—but after promising to hire more grads, he’s laying off thousands of workers

IBM’s CEO Arvind Krishna promised Gen Z he would hire more college grads and be the “opposite” of companies like Amazon laying off workers. Days later, he's giving thousands the pink slip.

Fortune

Meet Mira Nair, Zohran Mamdani’s 68-year-old mother, who hit it big in Hollywood directing critical darlings like ‘Monsoon Wedding’

Nair is the first woman director to win the Venice Film Festival’s top prize, and famously turned down Warner Bros.’ offer to direct the fourth Harry Potter movie.

Fortune

Palantir says college is no longer a reliable training ground—so it hired 22 high school students instead: ‘Skip the debt. Skip the indoctrination.'

22 Gen Zers are currently graduating from Palantir’s Meritocracy Fellowship, as CEO Alex Karp calls his company "the best credential in tech."

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