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The Latest Breaking News from Fortune

Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’

Commerce Secretary Howard Lutnick previously said the U.S. government should receive equity in return for the CHIPS Act cash grants Intel has received.

Fortune

Cracker Barrel's first rebrand in nearly 50 years backfired. The company's stock lost nearly $100 million after introducing a more minimalist look

The restaurant chain has gotten heat, accused of going too woke.

Fortune

Thousands of Grok conversations have been made public on Google Search

More than 370,000 Grok chats have been indexed by search engines, exposing sensitive queries that include intimate medical and psychological questions, business details, and at least one password.

Fortune

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Chipotle And Cava Are Pouring $25 Million Into Robot Kitchen Technology To Transform Fast-Casual Dining

Chipotle (NYSE:CMG) and Cava (NYSE:CAVA) compete for health-conscious customers, but their recent team-up demonstrates where the industry is heading next.

Benzinga

Elon Musk tried to court Mark Zuckerberg to help him finance xAI’s attempted $97 billion OpenAI takeover, court filing shows

Musk has taken up legal arms against Sam Altman’s OpenAI, not only trying to acquire it in a hostile takeover, but claim the startup breached its contract

Fortune

Canva’s billionaire founders are minting overnight millionaires with employee share sale

Past and present “Canvanauts” will be able to sell up to $3 million of their vested equity, an internal email says.

Fortune

Ex-Applebee's exec was told she’d never be CEO—she bought the chain and fired her naysayer: ‘We don't need two of us, so I'm gonna have to let you go’

Multimillionaire baby boomer Julia Stewart grew IHOP’s business and got back at her former employer after being denied the top role. Spanx’s and FedEx’s founders also created billion-dollar companies after their business ideas were rejected.

Fortune

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Gen Z want 'secure' jobs in healthcare—but this CEO left the industry after realizing he could make millions getting Americans to eat more fruit instead

A medical school grad walked away from a secure path in health care to build a $100 million snack company. Now he hires without even looking at degrees.

Fortune

Dreamworks cofounder Jeffrey Katzenberg joins Kimbal Musk’s drone entertainment company

Nova Sky Stories is also raising $50 million from various investors, including Katzenberg’s tech investment firm, WndrCo.

Fortune

Walmart’s CFO on competing for tech talent: 'You’re helping shape the future of retail on a massive scale'

Amid soaring e-commerce sales and rising tech salaries, Walmart is focused on the long term.

Fortune

Private equity dealmaking in aerospace and defense drops 32% in Q2, PitchBook says

PitchBook data shows a 32% year-over-year decline in aerospace and defense deal count, a drop the research platform links to tariffs and broader geopolitical uncertainty.

Fortune

Former Siemens and Alcoa CEO Klaus Kleinfeld dismisses the idea of work-life separation: 'You are one person'

Also: All the news and watercooler chat from Fortune.

Fortune

Trump's 19-year war on wind power is 'weaponizing bureaucracy to undermine American energy production,' critics say

Trump is tying wind and solar projects up in ever-increasing bureaucratic layers and reviews while expediting fossil fuels.

Fortune

Bitcoin dips ahead of Fed chair’s remarks at Jackson Hole

The world’s largest cryptocurrency is down almost 5% after notching an all-time high one week ago.

Fortune

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Fortune

Bernie Sanders and Donald Trump form an unlikely alliance over billions in chipmaker subsidies

Trump has a newfound taste for state involvement in the private sector. It’s a palate Sanders has long enjoyed.

Fortune

Airline customers are suing Delta and United, claiming millions of travelers paid extra for window seats only to be seated next to windowless walls

“They have quite literally sold customers a window seat without a window,” one lawyer representing the classes of airline passengers told Fortune.

Fortune

OpenAI may soon be the most valuable private company—but Sam Altman’s net worth won’t jolt, as the CEO holds no equity and makes just $76,001 a year

OpenAI’s Sam Altman didn’t build his fortune off his modest CEO salary. The tech titan worth $1.9 billion instead made critical early investments in Uber, Airbnb, and Reddit that yielded hundreds of millions of dollars.

Fortune

How crypto’s top lobbyist persuaded lawmakers—and President Trump—to embrace the blockchain industry

Longtime D.C. veteran Kristin Smith on crypto’s political crusade and what comes next.

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Fortune

CEOs at America’s 100 largest low-wage employers are paid 632 times as much as the average worker, study finds

From 2019 to 2024, average CEO pay at these firms climbed 34.7%, compared with just a 16.3% rise for their average worker pay. Inflation was 22.6% over the same period.

Fortune

Exclusive: Twin Health, metabolic health startup, raises $53 million Series E at $950 million valuation

Twin Health raised a $53 million Series E led by Maj Invest of Denmark, Fortune has exclusively learned.

Fortune

Starbucks’ CEO is ditching a merit system and giving all salaried staff a flat 2% pay raise instead

The coffee chain cited limiting costs during a turnaround effort as its reason for the modest pay bump.

Fortune

Beyond snubbing Tinder, Bumble, and casual flings, more than half of Gen Z is spending $0 monthly on dating, BofA finds

Gen Z’s economic anxiety—as well as disinterest in casual dating—has led many young people to spend little to nothing on dates.

Fortune

Gen Zer washed his college basketball team’s dirty clothes and mopped floors to prove his passion—now he’s one of the youngest interns ever at the NBA

Mocked as ‘mop boy,’ Daniel Sung turned a year of college basketball grunt work into a dream NBA internship, LinkedIn fame, and multiple startup offers at just 19.

Fortune

How Target let Walmart steal its rizz

Also: All the news and watercooler chat from Fortune.

Benzinga

Elon Musk's $29 Billion Tesla Pay Package Sparks Investor Revolt As Major Shareholder Group Demands NASDAQ Probe

The SOC Investment Group has called for a formal investigation by NASDAQ into Tesla Inc. (NASDAQ:TSLA) regarding a recent $29 billion equity grant to CEO Elon Musk.

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