Newsletters
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The Big Story: SpaceX IPO means more to the Gulf than you might expect
In Fortune’s Gulf Brief today: SpaceX IPO: Gulf money will take center stage IMF warns Saudi on GDP growth for 2026 The UAE comes to Washington with investment on its mind War effects—Middle East family offices are reshaping global portfolios Plus: The 3 things we really enjoyed reading this week It was hard to read…
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The man behind Claude Code says you’re comparing AI costs to the wrong thing
Good morning. Five years after its founding, Anthropic is preparing for what could be one of the largest IPOs in history. Its coding agent, Claude Code, is already generating an annualized revenue run rate exceeding $2.5 billion. At the Fortune Brainstorm Tech conference in Aspen on Monday, Boris Cherny, the architect behind Claude Code, made…
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Jenn Landis rebuilt Citi’s Wall Street credibility. Her reward: CFO of a $22 billion business
Good morning. Jenn Landis always knew she’d want to return to a CFO role. After spending the past five years rebuilding investor confidence in Citigroup as head of investor and rating agency relations, Landis is getting that opportunity. Last week, Citi named her CFO of its Markets business that generated approximately $22 billion in revenue…
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Visa and Mastercard are planning to shake up the stablecoin market—but pulling it off won’t be easy
The stablecoin market, which has been dominated for a decade by Tether and Circle, could look very different in a year. The leading legacy players in payments, Visa and Mastercard, have been circling the sector for some time and are reportedly cooking up a plan with other big players to put their own spin on…
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AI disruption arrived 6 years early—now executives are drawing the line
Good morning! Three years ago, Cisco piloted an AI agent designed to analyze employee communications and diagnose the root causes of workplace conflict. It never made it out of the test phase. Why? “We believe that’s a conversation that a leader needs to have,” said Francine Katsoudas, Cisco’s chief people, policy, and purpose officer, at…
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Snowflake CEO says there’s a big myth at the heart of every org chart
In today’s CEO Daily: Snowflake CEO Sridhar Ramaswamy on building a team in the AI era. The big leadership story: How to justify SpaceX’s expected market cap. The markets: Down big in Asia as the Iran ceasefire frays. Plus: All the news and watercooler chat from Fortune. Good morning. What does it mean to be…
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Can unions power the AI economy? AFL-CIO’s Liz Shuler thinks so
In today’s CEO Daily: AFL-CIO president Liz Shuler on why business leaders must work with labor The big leadership story: Melinda French Gates hikes her total investment in women’s health to $600 million The markets: Asian markets drop as investors grow wary of tech Plus: All the news and watercooler chat from Fortune. Good morning.…
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What Suno’s $5.4 billion valuation says about the future of AI and music—and what remains uncertain
Welcome to Eye on AI, with AI reporter Sharon Goldman. In today’s issue: The small business owners managing whole armies of AI employees…Meta keeps delaying the release of its new AI Model to developers…How courts are coping with a flood of AI-generated lawsuits. Yesterday, AI music generator Suno announced a new $400 million funding round…
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Why SpaceX is breaking the IPO playbook with a $75 billion fixed-price offering
Good morning. Elon Musk is taking SpaceX public his way. Rather than following the Wall Street convention of setting a price range ahead of the IPO marketing process, SpaceX priced its offering at a single fixed price of $135 per share, a move that signals confidence in demand but is raising eyebrows among market watchers.…
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These COOs became CEOs. Here’s what they wish everyone knew about the tricky transition
In today’s CEO Daily: Two chief executives on how to nail the COO-to-CEO handoff. The big leadership story: Inside Lip-Bu Tan’s turnaround at Intel. The markets: Mostly down as Middle East tensions rise. Plus: All the news and watercooler chat from Fortune. Good morning. CEO succession is never easy and coming up through the COO…