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Alex Jones no longer on-the-hook for $50 million owed to Sandy Hook families—but he still has $1.25 billion looming over his head

The Infowars' founder can only be forced to pay about $6 million from the Texas court, but still has a separate judgement in Connecticut up to $1.25 billion.

Republicans say let them eat overpriced burgers, turning on Trump for ‘flooding the market with foreign beef’

“You don’t put America first by putting U.S. cattle producers last,” U.S. Cattlemen's Association President Justin Tupper said.

The AI boom is lifting economies across Asia. But for Southeast Asia, it might just be a ‘short-term blip’

Economists studying the region are worried that AI’s gains won’t be evenly shared across Asia.

Chief Justice John Roberts allows Trump’s ballroom crews to keep working 20-hour days

The White House says the privately funded project is already 65% complete, even as courts test the limits of presidential renovation power

YouTube offers creators millions to not work with Netflix

YouTube’s stars built streaming’s new prime time and now Netflix is forcing it to pay to keep them

Leader of Fat Marmot Week fights the budget cut era: ‘we’re going to be laughing our way down as the Titanic sinks’

Marmot researchers in Gothic, Colorado, affectionately call themselves “marmoteers.” Funding cuts have already wiped out a third of the grad students.

Bitcoin soars to nearly $80,000—but crypto’s new favorite coin, Hyperliquid, is stealing its thunder

Bitcoin’s rally to $78,200 coincided with a record run for Hyperliquid as active traders increasingly use the platform to place leveraged bets on crypto prices.

Trump admits tariffs are a tax on America’s love for hamburgers and allows 300,000 metric tons of ground beef imports at ‘below current market prices’

“Tariffs are simply taxes on American consumers,” said economist Steve Hanke. Meanwhile, cattle groups are "disappointed" in the president's post.

Forget RTO: Fully remote workers report the highest well-being—and are less likely to quit, new study of 7,700 employees finds

The research found little evidence that remote workers felt less connected to colleagues or workplace culture—despite what CEOs like Jamie Dimon say.

The bond market is sending CEOs a blunt message: Borrowing costs are going to go up

Also: All the news and watercooler chat from Fortune.

The AI ‘death zone’ is here and most corporate AI strategies are standing in it

Chinese models just swept the top five spots on the world's largest AI marketplace. American labs still own the frontier. Don't get caught in between.

AI productivity tools are overhyped and overfunded. Investors should look elsewhere

Over 50 years ago, Charlie Munger convinced his best friend Warren Buffett to ditch the proverbial cheap cigar butts for durable, high-quality businesses.

Amazon, Uber, DoorDash, and Walmart are taking the delivery wars to the skies

After years of experiments and setbacks, some of America’s biggest delivery companies are racing to make drones mainstream.

MacKenzie Scott gave California public education $461 million—and let the recipients decide how to spend every dollar

The billionaire's unrestricted gifts to 16 institutions reflect a giving philosophy built on trusting recipients to know their own communities best.

Our AI startup is growing 40% a month helping financial advisers do what they love: giving advice

Our growth has come at a time when the investment landscape is more complicated than ever. It's no coincidence.

Billionaire Jeff Bezos once asked Warren Buffett why so few people copy his strategy—now he’s backing $7 billion Liverpool FC

If Amazon founder Jeff Bezos takes his own Warren Buffet-inspired advice, Liverpool fans can expect him to stick around for at least seven years.

Baby boomers look richer than ever—but many are retiring with record levels of debt

Decades of home-price gains made older Americans wealthy on paper. Debt and rising costs are making that wealth harder to live on

Prediction market exec says gambling fight could reach Supreme Court by June

A possible circuit split could determine whether federal commodities law overrides state gambling rules.

Airwallex expands from cross-border payments to autonomous finance—though president Lucy Liu says it’s still ‘not the best time’ for an IPO

In late June, Airwallex raised $320 million in a Series H funding round led by Addition, which valued the cross-border payments platform at $11 billion

Amazon can’t quit Bezos’ drone dream

In today's edition: Amazon drones, Stripe OpenRouter, Google Marvell deal, Meta trial, OpenAI IPO, SpaceX Cognition, YouTube v Netflix, Rivian spinoff Also

Venezuela oil minister to U.S. companies: ‘It’s an entire world waiting to be discovered’

Smaller, private U.S. oil producers are beginning to ink deals in Venezuela as the dilapidated energy industry evolves.

Meta faces a $1.4 trillion threat that could mean ‘turning in the keys and walking away’—but the stakes of the case reach across tech

The $1.4 trillion figure may be unlikely, but the case could give states a new way to challenge how social media platforms are designed.

Companies are spending trillions on AI. The C-suite doesn’t know who is in charge of it

Boards, CEOs, and the executives who report to them are sharply divided on who owns AI.

Teachers in one of San Francisco’s richest suburbs are so underpaid that a philanthropist just gave each of them $9,161

Local philanthropist Maja Kristin donated $1 million to fill the gap in teacher salaries.

‘Buyers aren’t yet opening their wallets’: AI-generated assets are flooding marketplaces, but consumers are snubbing them for human-made products

In 3D model marketplace CGTrader, AI-generated assets made up one-sixth of newly uploaded models, but just 2.6% of sales.

In this economy, millennials and Gen Z would rather break up than date someone in debt: ‘There’s a pretty big divide’

Nearly half of Americans say a partner's debt is a dealbreaker, and younger generations are the pickiest of all.

Amazon isn’t giving up on Jeff Bezos’ drone deliveries dream—and after 13 years of turbulence, the momentum is finally shifting

The e-commerce giant announced it is expanding drone delivery to nearly 500 U.S. cities and towns by the end of this year, a sixfold increase from its current capabilities.

Bitcoin posts surprise rally as currency nears $70,000 for the first time since June

The U.S. Treasury’s bond-buyback announcement helped send Bitcoin up nearly 6% with one analyst saying a broader recovery may be afoot.

Millionaire Mel Robbins says her waitressing boss taught her how to spot the most influential person in the room: ‘It’s never who you think it is’

“The Mel Robbins Podcast” host says the most powerful person in the room is “never who you think it is.”

Current price of oil as of August 19, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Iran has Trump right where it wants him and suggests he seek ‘a dignified exit’

Everything you need to know before you reach the office this morning.

One of the VC world’s biggest stars is doubling down on sports in a big way, and there’s a compelling tax reason behind the strategy

Thrive Capital founder Joshua Kushner's $12.5 billion deal with former Disney CEO Bob Iger to buy the Los Angeles Lakers vaults him into an elite club.

How the UAE has emerged as a ‘leading light’ for tokenization

Coinbase's decision to base its global tokenization hub in Abu Dhabi is the latest sign that the emirate's bet on regulated digital assets is paying off—with $500 billion in GCC assets predicted to move onto blockchain by 2030.

Coinbase establishes Abu Dhabi tokenization hub

In this week’s Fortune Gulf Brief.

OpenAI hits pause on training in Hugging Face aftermath

In today's edition: OpenAI presses pause; China's robot dogs; Apple's EU sacrifices, teen AI, TikTok money, Meta, China's edge, Alibaba, and Etched.

For CEOs, retirement is the ultimate performance review—and 60% are failing it

New data from BCG shows why the CEOs best at running companies are often the worst at leaving them.

The IRS is scrutinizing how UnitedHealth moved money through foreign subsidiaries—and whether it underpaid taxes

The agency wants to raise the health giant's taxable income for four straight years. Neither side will say how much is at stake.

Tesla asked Las Vegas for 5,000 robotaxi permits. Sin City gave it 10, capped the speed at 45mph, and banned airport trips

Nevada capped Tesla's fleet at a fraction of its request and kept it away from Harry Reid airport.

Ousted L3Harris CEO Chris Kubasik forfeits $45 million—but he’ll still walk away with $80 million in stock and options

The ex-CEO was previously forced to resign from Lockheed Martin after a 2012 ethics investigation confirmed he had a personal relationship with a subordinate.

New Mexico’s attorney general reportedly pushes new social media safety laws a day before 29 AGs testify against Meta in federal trial

Raul Torrez, New Mexico’s attorney general, is drafting two bills as a separate 29-state trial over child safety opens in Oakland tomorrow.

57 Trump officials are worth $100 million or more—quadruple the combined total of the last three presidents

The tally comes as only 32% of Americans approve of Trump's handling of the economy, down from 40%

Check your fridge: Nearly 19 million eggs are under the FDA’s most serious recall classification

Nearly 19 million eggs linked to a 98-person salmonella outbreak now carry the FDA's highest-risk classification. Some may still be in fridges.

‘Only idiot startup founders stay in Cali’: Mark Cuban rips billionaire tax—and opens a rift inside the Democratic Party

The business mogul fired shots at the Democratic economic patriot over concerns of taxing young startup companies out of California.

U.S. strategic reserves are getting so low the drawdown threatens to damage the 60 underground salt caverns storing American oil

“We should be highly concerned about the integrity of the caverns anytime crude inventories drop below 300 million barrels,” one petroleum engineering professor warned.

The ‘Jamie premium’ nears $1 trillion as JP Morgan flirts with historic market valuation

CEO Jamie Dimon has spent two decades building JP Morgan into the lion of Wall Street. Its market cap was $138 billion when he took over

Trump pivoted from bombs to an economic war against Iran. But Tehran is now ‘fully offensive’ and doesn’t think the real fighting has even started yet

Unless the U.S. implements the June ceasefire deal in a few weeks, Iran will launch a “timely and precise” ​attack to break the blockade, an Iranian official told Reuters.

Like Nvidia’s Jensen Huang, Siemens’ CEO has no recurring meetings with direct reports to save time—he also replies to emails with just ‘OK’ or ‘No’

CEO of $256 billion Siemens, Roland Busch, replies to emails with just ‘OK’ or ‘No.’ Anything longer, and the boomer will voice note his team on the move.

Selena Gomez accused of fraud by mental-health startup investors

Five investors accuse Gomez and Wondermind co-founders of concealing the startup's financial distress for three years before its 2025 collapse