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Private-equity legend David Rubenstein on owning the Baltimore Orioles, and how sports ownership became big business
The Carlyle co-founder is a billionaire and a giant name in modern finance. His new book looks at sports ownership through a different lens.
McKinsey partners: you need to protect successful new ventures from the core business
The more successful a venture becomes the harder it is to protect.
U.S.-China gastrodiplomacy: Despite political tension, fast food chains from both countries gain popularity in each other’s territory
Mixue, one of the world’s largest fast-food chains with more than 53,000 locations, opened its first three U.S. stores in December.
Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’
Richard Brown’s career has taken him from the exam room to the classroom and boardroom. At 71, he’s still working—and is now focused on entrepreneurship.
Trump administration starts building border wall in Big Bend region of Texas, despite heavy opposition from landowners, businesses and ranchers
“We will continue to fight for this land no matter what the outcome is. We will continue fighting to the end.”
Blackstone bet on ZO Skin Health, a brand you won’t find at Sephora. Now it could be worth $2 billion
The skincare brand skipped celebrity endorsements and Sephora shelves, building its business inside dermatologists’ offices and med spas.
Snap is betting $3.5 billion on AR glasses that businesses can use as CEO Evan Spiegel sees a post-smartphone era
Snap CEO Evan Spiegel says the era of the smartphone is coming to an end—with smart glasses being the future.
Andrew Ng Dismisses AI Extinction Warnings as Science Fiction and PR Spin
Andrew Ng told Bloomberg TV that AI extinction warnings are "science fiction," splitting from Geoffrey Hinton and Anthropic over AI regulation.
Former White House economist: science has delivered a cancer detection revolution, now the FDA must keep pace
Nobody should defend the status quo. Routine screening exists for only a handful of cancers.
Zocdoc CEO: I’ve watched Walmart, IBM, and others try to ‘disrupt’ healthcare. Here’s why they failed
For too long, we have mistaken disruption for progress. Patients still struggle to find a doctor who takes their insurance.
‘It’s a raise against Trump:’ Despite inflation being ahead of target for five years, Trump says the Fed’s latest hike is political
"The problem they have is that we have the greatest economy in history ... so they're raising that only for political reasons, and that's a raise against Trump."
Anthropic merges its Claude chat and agentic Cowork products into a single AI assistant as part of a push to build an AI superapp
Anthropic is folding its chat and autonomous task-execution products into one Claude interface, while adding collaborative document and presentation tools.
Shrinkflation is coming for pro sports: The cost of watching the NFL jumped 28.6%—and attending a game 72%—since 2015
To watch all the football action this season, you will need to open your wallet more—for less.
You’re going to pay more for health insurance in 2027 as employers see costs jumping for the fifth straight year
Health insurance costs are rising so fast they could eat into workers’ paychecks next year, according to a survey of 1,800 U.S. employers
Please Stop Conflating Sports Betting Handle With Spending On Entertainment
Editor’s note: The Cashout for paid subscribers will publish on Tuesday. Every September there’s a huge uptick in how much people bet on sports with the start of football season. Which means it’s time to get ahead of a ridiculous narrative before it picks up steam on social media or in mainstream media. Subscribe Every few months I see some version of this: [ Charlie Bilello@charliebilello Americans bet over $165 billion on sports last year, which is more than they spent on movies, books, concerts and sports tickets - combined. 1:00 PM · Jun 28, 2026 · 4.1M Views 258 Replies · 674 Reposts · 4.23K Likes ](https://x.com/charliebilello/status/2071217050328895935?s=20) Fortune published this in July. The headline and start of the story tell the same narrative (emphasis added): Gambling becomes America’s favorite pastime as Americans spend more on sports bets than movies, arts, museums, and music combined: The North American box office totaled $8.87 billion in 2025, which is still 22% below pre-pandemic levels. Recorded music revenue hit a record $11.5 billion. Live music like concerts and festivals brought in $18.51 billion. Meanwhile, book publishers tracked by the Association of American Publishers reported $14.6 billion for the year. And the U.S. museum industry generated an estimated $16.4 billion. Add it up and the total comes to roughly $70 billion, which is less than half what Americans wagered on sports. The story, to its credit, goes on to tell us why sports betting is entirely different, although people who only read headlines will miss that nuance. (The tweet above definitely skips over the nuance.) I will mostly be preaching to the choir here, but it’s worth saying out loud: Wagering money on sports is not the same thing as spending on entertainment from a financial perspective. When you spend money on a movie or concert ticket, that money is gone. You exchanged money for an experience. It’s a good trade! I get to have fun for “x” dollars. (Unless the movie sucks, I guess.) When you bet money on sports, the money is not necessarily gone every time you wager it. It could be gone, but sometimes it’s not and you actually get more money back! That’s not “spending” money or something you should try to compare directly to entertainment spend. A far better comp would be how much people lose at sports betting. That number was more like $17 billion in the US last year, at least for state-regulated sportsbooks. Why are we trying to equate handle and entertainment spending? I dunno. It makes for splashy headlines, I guess. Now, people should be betting for entertainment, and not because they expect to win in the long term; no doubt about it. Anyway, here’s hoping I don’t see people saying Americans “spent” hundreds of millions of dollars on sports betting this fall. Mindway AI and DraftKings Expand Responsible Gaming Drive with Launch of Gamalyze American Football In time for the NFL kickoff, Mindway AI has expanded its partnership with DraftKings to launch Gamalyze American Football the second title in the neuroscience-based Gamalyze Sports collection. Following the success of Gamalyze Football (soccer) during the FIFA World Cup, this gridiron-themed update replaces static questionnaires with immersive, stadium-inspired gameplay. Backed by 10+ years of Aarhus University research, Gamalyze evaluates real-time decision-making to deliver instant, unbiased player risk assessments. Integrated into DraftKings’ platform and nationwide activations, it engages fans when excitement peaks. Ready to upgrade your player protection? Contact Mindway AI to try Gamalyze Sports today. Gambling news roundup 🚨The important stuff 1st NFL Sunday of Season ‘Champagne-Popping Day for Bettors’ (Covers): “The first NFL Sunday of the season was a champagne-popping day for bettors, while the book was left cleaning up the corks,” Caesars’ head of football Joey Feazel said prior to the Sunday night game. “Caesars Sportsbook reported that Detroit’s Jahmyr Gibbs, Baltimore’s Derrick Henry, Indianapolis’ Jonathan Taylor, and Atlanta’s Bijan Robinson were among the top five most-bet players to reach the end zone, and all of them cashed tickets.” [ Ben Fawkes@BFawkes22 A @CaesarsSports oddsmaker on how Week 1 has gone so far: “The first NFL Sunday of the season was a champagne-popping day for bettors, while the book was left cleaning up the corks.” ➡️8 of 10 most popular anytime TD scorers cashed 1:31 AM · Sep 14, 2026 · 276K Views 16 Replies · 16 Reposts · 615 Likes ](https://x.com/BFawkes22/status/2099310001927995849?s=20) 🔍 Are we already getting a “customer-friendly results” narrative in Week 1? NFL Commissioner Roger Goodell spoke with CNBC about the prediction markets industry: “We think that there needs to be stronger regulations into the predictive markets,” Goodell said. “We want to see that to protect the integrity of our game. We want to make sure we’re protecting the consumers that are on those platforms for the NFL. So, we’re continuing to have conversations with them and talk to them about the things that we think they need to do to strengthen that so that they could be potential partners at some point in the future.” More on the NFL + PMs: [ Straight to the Point Quid Pro Quo The NFL has asked Kalshi and other prediction markets to remove certain easy to manipulate markets. Does a potential partnership hang in the balance… Read more 6 hours ago · 19 likes · Steve Ruddock ](https://straighttothepoint.substack.com/p/quid-pro-quo?utm_source=substack&utm_campaign=post_embed&utm_medium=web&embedding_publication_id=1472492) Kalshi was on my podcast?: Kalshi was on my podcast [ The Event Horizon Episode 32: Talking Prediction Market Enforcement With Kalshi’s Robert DeNault Kalshi? On my podcast? Yep… Listen now 5 hours ago · 6 likes · 1 comment · Dustin Gouker ](https://nexteventhorizon.substack.com/p/episode-32-talking-prediction-market-enforcement-kalshi?utm_source=substack&utm_campaign=post_embed&utm_medium=web&embedding_publication_id=1472492) DraftKings Enhances Responsible Engagement Efforts With New Customer Initiatives, Tools and Education (press release): DraftKings Inc. today announced a series of new initiatives designed to promote responsible engagement and increase awareness and use of the tools and resources to help customers make informed decisions and engage responsibly. The efforts include a new digital advertising campaign featuring Kevin Hart and Nick Jonas that promotes responsible engagement, a PGA TOUR sweepstakes that promotes customer engagement with responsible engagement features, the launch of Gamalyze American Football in collaboration with Mindway AI, and new custom cool-off options that give customers enhanced flexibility when choosing a cool-off period. The initiatives build on DraftKings’ commitment to making responsible engagement an integral part of the customer experience and providing players with accessible tools and resources that help them make informed choices about their gaming experience. “At DraftKings, responsible engagement is embedded in how we operate and is essential to building trust with our customers and our long-term sustainability,” said Lori Kalani, Chief Responsible Gaming Officer at DraftKings. “We’ve continued to invest in tools and resources that give customers enhanced access to information about their play and more choices for managing how they engage. From My Budget Builder and My Stat Sheet to player-set limits and new custom cool-offs, we’re continuing to evolve our approach while promoting awareness and use of the tools and resources available to help customers play responsibly.” … DraftKings is launching a new digital advertising campaign featuring Kevin Hart and Nick Jonas that continues the pair’s road trip and promotes responsible engagement and awareness of the tools and resources available to help customers make informed choices about their gaming experience and engage responsibly. The campaign was initially launched on Sep. 10th and will reach customers through digital channels, bringing responsible engagement messaging to fans in an engaging way. bet365 Launches “The Matchup,” a New Weekly Video Podcast Hosted by Super Bowl Champions Chris Harris Jr. and Emmanuel Sanders (press release): "bet365, a global leader in online sports betting and gaming, today announced the launch of “The Matchup,” a new weekly video podcast hosted by former Super Bowl Champions Chris Harris Jr. and Emmanuel Sanders. Featuring current and former NFL players, the original series marks a significant, intentional investment in football as bet365 works to become a go-to destination for U.S. bettors throughout the season. “The Matchup” premieres September 10, with new episodes released weekly in both video and audio formats. Full episodes will be available on YouTube, Apple Podcasts, Spotify and wherever podcasts are available, with clips and additional content rolling out across YouTube, X, Instagram, Facebook, Threads, and TikTok. The show is being produced by Last Row Digital Media. Each week, Harris and Sanders will be joined by guests from across the game to break down the biggest NFL matchups, unpack the latest league news and share perspectives that go beyond the box score. By bringing together two former players with distinct perspectives and firsthand experience, “The Matchup” will give audiences timely context and a deeper understanding of the teams, players and storylines shaping the week ahead. “Every great football conversation starts with a matchup—who has the edge, what everyone is overlooking and what could change the game,” said Chris Harris Jr. “Emmanuel and I have experienced the game from different perspectives, and we want the audience to feel like they are part of the conversation and leave every episode knowing more about the week ahead.” Today’s iGaming companies face new litigation threats as expansive consumer protection statutes spark lawsuits with sky’s-the-limit aspirations, sometimes backed by private funders. Clients of Ifrah Law have a staunch defender in Robert Ward – an agile litigator and case tactician who responds to the changing state of play with creative legal defenses and efficient case-closing strategies. Robert draws on federal clerkship experience and appellate defense work to advise iGaming clients on litigation exposure, white-collar risk, and regulatory defense across multiple jurisdictions. Read More: Robert Ward on Helping iGaming Clients Outmaneuver Lawsuit-Obsessed Adversaries 🔮 Prediction markets Update on legal action in Connecticut: [ Daniel Wallach@WALLACHLEGAL Connecticut says gaming service license holders which received subpoenas over sports prediction markets “are not under investigation” by the @CTDCP but may possess information that could assist the state “in evaluating the conduct of prediction market platforms.” 2:31 PM · Sep 13, 2026 · 844 Views 5 Likes ](https://x.com/WALLACHLEGAL/status/2099143914271670576?s=20) American Gaming Association Opposes CFTC Bid to Block New York Prediction-Market Enforcement (DeFi Rate): “The brief points to the Ninth Circuit’s Aug. 28 decision in KalshiEX LLC v. Assad, which the AGA says supports New York’s authority to regulate sports contracts as gambling. It also cites Kalshi advertising, product comparisons and reporting on Kalshi’s sports volume to argue that the economic product resembles a sportsbook wager more than a conventional financial hedge.” [ Daniel Wallach@WALLACHLEGAL AGA intervenes in CFTC v. NY case to oppose CFTC request for preliminary injunction, says the CFTC’s arguments “obfuscate a simple truth: prediction markets offer sports betting.” Highlights CA9 decision, @DustinGouker (6x), and $1.32 billion in OSB taxes for NY (0 from PMs). Daniel Wallach @WALLACHLEGAL High stakes hearing on Monday in CFTC v. New York State. If SDNY judge Lorna Schofield denies the CFTC’s motion for preliminary injunction, the New York AG would have a clearer path for securing a state court geofencing order against Kalshi, Coinbase, and Gemini Titan. 2:08 AM · Sep 13, 2026 · 4.78K Views 1 Reply · 2 Reposts · 8 Likes ](https://x.com/WALLACHLEGAL/status/2098957043474280584?s=20) Gaming Commission remains member of gambling council after questions raised over ties to Kalshi (Mass Live): “The Massachusetts Gaming Commission will not follow the leads of gaming regulators in Ohio and Michigan and drop ties with the National Council on Problem Gambling over its new association with Kalshi.” Sponsor’s messageTrusted Voices: Conversations About Betting is designed to equip adults, including parents and coaches, with tools and resources to talk to young people about gambling, including information on warning signs, risks and proxy betting. The program is led by retired professional basketball player Randy Livingston and his wife, basketball agent Anita Smith, who share their personal stories related to problem gambling, with the hope of preventing others from experiencing similar harms. Learn more and join the conversation here. 📣 Industry news Gaming M&A: Latest Mergers, Acquisitions and Deals (SBC Americas): “But what else is happening in the world of gaming mergers, acquisitions, investments, and partnerships? Here, we round up some of the news you might have missed.” BetMGM Named Official Sports Betting and Online Casino Partner of the Minnesota Vikings in Canada (press release): BetMGM, a leading iGaming and sports betting operator, announced a multi-year partnership with the Minnesota Vikings, naming it the Official Sports Betting Partner and Online Casino Partner of the team in Canada. The agreement gives BetMGM rights to use Vikings marks across approved sports betting, online casino and marketing activities in Canada. In addition, Vikings Big Kick LuckyTap™, a casino game by Design Works Gaming, is available now exclusively at BetMGM Casino in Alberta and Ontario. “Vikings fans bring a level of passion and loyalty that extends well beyond game day,” said Matt Prevost, Chief Revenue Officer at BetMGM. “As the home of one of the largest collections of sports-themed casino content in North America, BetMGM is uniquely positioned to combine sports fandom with iGaming. We are eager to start football season off strong with another fantastic partnership especially as we expand our reach in Canada to Alberta.” Martin Nance, Minnesota Vikings Chief Marketing Officer, said, “As we continue to deepen our connection with Vikings fans across Canada, we’re proud to welcome BetMGM as the team’s official sports betting and online casino partner in Canada. Their commitment to innovation and fan engagement aligns well with our organization, and we’re excited to create memorable experiences that celebrate Vikings football and connect with Canadian fans in new and meaningful ways.” Caesars Entertainment Launches Ball Rush Jackpots™ in New Jersey,the Latest Proprietary Online Title from Empire Creative™ (press release): Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the launch of Ball Rush Jackpots™, a new ball-and-peg style online casino game developed by Empire Creative™, the Company’s in-house game development studio. Now live in New Jersey across Caesars Palace Online Casino, Caesars Sportsbook & Casino and Horseshoe Online Casino, Ball Rush Jackpots is expected to become available in additional jurisdictions where Caesars offers online casino gaming following regulatory approval. The title expands Caesars’ growing portfolio of proprietary online casino titles, following the successful launch of Ca$hline™ earlier this year and further diversifying the Company’s lineup beyond traditional slots and table games. Ball Rush Jackpots follows the traditional ball-drop gameplay experience where players drop a ball down a board filled with pegs to land in a prize slot. As balls navigate independently through a field of pegs, every drop creates new opportunities to collect feature symbols, unlock bonuses and pursue jackpots, delivering a different experience with every round. “Ball Rush Jackpots delivers a different kind of casino experience for our players, combining easy-to-understand gameplay with meaningful customization, exciting bonus opportunities and jackpot potential,” said Matthew Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital. “As we continue expanding our proprietary content portfolio, we’re focused on creating games that are simple to pick up, rewarding to revisit and designed around the features players enjoy most.” Bally’s Corporation Secures New Financing to Support the Development of the Bally’s Bronx Project (press release): Bally’s Corporation (NYSE: BALY) (“Bally’s” or the “Company”) announced today that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally’s Bronx project and general corporate purposes. The new financing comprises closing date term loan commitments in an aggregate principal amount of $400 million and delayed draw term loan commitments in an aggregate principal amount of $160 million (together, the “Facilities”). … Bally’s Chairman of the Board, Soo Kim, commented, “This important financing allows us to progress the pre-construction planning process so that we are ready to complete the remainder of the capital raise and remain on schedule. Furthermore, the additional liquidity provides us greater flexibility for other capital opportunities.” WORLD JAI ALAI LEAGUE LAUNCHES CENTENNIAL SEASON AND ENTERS NEXT CHAPTER IN MIAMI (press release): The World Jai Alai League will open its 2026 fall season on Tuesday, September 15 at Miami’s JAM Arena, beginning a milestone season that marks 100 years since professional Jai Alai first arrived in Miami. Season X, the tenth season of the Battle Court team-based competition launched in 2022, will also be the first since entrepreneur and sports asset investor Rob Gough acquired the World Jai Alai League in August 2026. The acquisition marks the beginning of a new chapter for the league. World Jai Alai League will maintain the existing Battle Court competition and operating format, with Chief Operating Officer Scott Savin overseeing Season X. Gough and his team will use the coming months to listen to players and fans, evaluate opportunities across the league, and execute plans for a broader evolution of Jai Alai’s presentation, live experience, media, marketing and commercial strategy beginning in 2027. “This is a really unique moment for Jai Alai,” said Rob Gough, Owner of the World Jai Alai League. “We have a sport with more than 100 years of history in Miami, extraordinary athletes and incredible speed, but I also believe there is enormous untapped potential.” bet365 reveals most popular online slots in 3 US states in August (SBC Americas): “In its monthly Gaming Insights and Performance report, growing online casino operator bet365 tracks player trends and game performance in online slots across its North American online casino markets.” The Closing Line is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
Virgin Group CEO scrolls TikTok daily to keep up with Gen Z: ‘The zeitgeist is not with people in their 50s’
Josh Bayliss, CEO of Richard Branson’s Virgin Group, actively uses TikTok—with the goal of staying ahead of Gen Z trends that could shape his businesses.
One of X’s most notorious ragebaiters explains how the outrage business earned him $80,000—and why he’ll keep posting even as the creator model shifts
A typical month posting for Lefkowitz has paid between $3,000 and $10,000 from X.
The world’s largest health and beauty retailer says AI will make shopping ‘more human, not less’
The biggest risk with AI, warns AS Watson CEO Malina Ngai, is using it to polish today's processes. Do that, and "you get a version of yesterday."
The Chamber of Commerce and the College Board on the missing subject in American high schools: business
Students are graduating from high school without a clear understanding of how organizations function, how money flows, and how ideas become opportunities.
The U.S. Open turned exclusivity into a half-billion-dollar business, and the $23 Honey Deuce is just the beginning
The tournament pulls in more than $500 million a year by selling prestige as much as tennis—from $800 million in luxury renovations to a cocktail that moved 738,459 units.
Aflac President: why AI shouldn’t drive your healthcare
Among Gen Z adults, 76% turn to AI before seeing a doctor. Among millennials, it's 63%.
Hollywood’s ‘new business model’ comes into view as Gen Z shows a moviegoing taste that combines ‘fast food and fine dining’
Theaters sold nearly 249 million fewer tickets than in 2019 but still set a $4.7 billion summer record. It’s not 2019 anymore.
HSBC Premier checking gets an overhaul: Up to $3,000 bonus and enhanced travel, health, and wealth benefits
The HSBC Premier checking has been under the knife, receiving some major updates to its catalog of benefits—making it more compelling than ever.
Macau wants to be a ‘business city,’ not just a gaming hub—and it’s spending $16 billion to help it get there
IPIM board president Alex Che Weng Keong says the casino hub can use its regulatory autonomy and Portuguese heritage to become a "tech city."
Midterm elections shaping up as big business for gamblers in the rough and rowdy world of prediction markets
“This is a troubling trend that election administrators across the nation must deal with,” said Jared DeMarinis of the Maryland State Board of Elections.
One in five Americans call sports betting an investment. For Gen Z, it’s twice as many — and they don’t come close to breaking even
People used to place bets periodically, but now it has become a daily habit for nearly a quarter of sports bettors.
Cathy Engelbert built the WNBA into a sports powerhouse. Her successor will inherit a league at a crossroads
After Engelbert’s tenure as WNBA commissioner, the league is more valuable and popular than ever—but her successor will inherit a league facing tensions.
‘If you can’t beat ’em, eat ’em’: Italy is turning its hated invasive crab into a multimillion-dollar business
After the crabs devastated Italy’s prized clam industry, fishermen found a new strategy: exporting every crab they catch.
Young Kalshi users have traded an estimated $3.9B on sports and parlay-type contracts this year, exposing a loophole that lets them bet before age 21
Critics warn prediction markets let 18-year-olds make sports wagers while bypassing state betting age limits.
Business has lost the trust of a generation. I hear about it at my dinner table
A colleague told me, half-terrified, that her son's becoming a full-blown socialist. Our kids have been taking notes on the new (broken) social contract.
GXO CEO: Better robot hands, not Olympic-level humanoids, are what businesses really need
Also: All the news and watercooler chat from Fortune.
31-year-old millionaire has zero sympathy for unemployed Gen Z’s ‘excuses’—he says ‘it is scarily easy’ to build a business and get rich right now
As AI kills entry-level jobs, multimillionaire Timothy Armoo has a blunt message for unemployed Gen Zers: stop making excuses and start building.
This baby boomer vs. Gen X Senate race emerges as key test of generational change in U.S. politics and what age is too old for Congress
Sen. Ed Markey is 80, while his rival, Rep. Seth Moulton, is 47.
Dolly Parton once turned down a song request from Elvis Presley. That was just one business decision that helped build her $650 million empire
Parton established her own publishing company in 1966, which helped her hold on to nearly all of her publishing rights.
College sports and ‘amateurism’ become the new ‘professional’ as an NFL player fights to return to school
Pros going back to amateur sports? It’s not amateur in the first place, according to a sports historian.
‘Like at McDonald’s’: Sports nurse practitioner sold opioids to athletes like ‘you gotta pay for your burger,” DEA investigation finds
Joan Rubinger had a client list that included hundreds of athletes—but the DEA found she doled out thousands of illegal prescriptions.
Dolly Parton’s advice on running a successful, sprawling business empire: ‘Rely on “higher wisdom,” look your best, and don’t boss anyone around’
“Rely on ‘higher wisdom,’ look your best, and don’t boss anyone around.”
Anthropic makes first move into physical AI with new way for scientists, manufacturers to bring equipment to life
The Model Hardware Standard (MHS) works with any AI model, not just Claude, but for now only a handful of companies can access the research preview.
Zohran Mamdani’s business council includes the CEOs of Chobani and Etsy. But Wall Street and Big Tech turned him down
The democratic socialist mayor is bringing leaders from Chobani, Etsy, RXR and more to City Hall—but several prominent executives didn’t join.
You don’t have to agree with AOC’s politics to support the public conversation she started for American women
Her politics may divide Americans, but the doctors argue the fertility conversation she started shouldn’t.
There are a record 3,795 billionaires in the world right now—and just like Jeff Bezos, their favorite investments are sports and philanthropy
Billionaires from Microsoft CEO Steve Ballmer to businessman Robert Kraft are spending their fortunes buying sports teams and funding charitable causes.
Bill Gates wants to tax robots to deter businesses from replacing humans with machines
"The tax system nudges you toward replacing people with machines."
How IHH Healthcare CEO Prem Kumar Nair is planning for a longer-lived Asia
The head of Asia’s largest private health group is advancing clinical longevity, cancer care, AI and neighborhood-based treatment.
Every politician says they’re for the working man, so why are only 1% of elected officials from the working class?
Researchers tracking 97 democracies find working-class candidates are just as qualified and likely to win as white-collar rivals, but don't get recruited.
‘This is obviously a very, very lucrative business for them’: Somali pirates are back—the Iran war is keeping the US too busy to stop them
Brett Erickson, a managing principal at Obsidian Risk Advisors, says Somali pirates have a lower risk of American retaliation because of resources in the Middle East.
Asia’s founders are going global faster, sometimes even before they’re sure what their business is, says Stripe’s SEA MD
To help businesses expand, Stripe is announcing partnerships with an array of Southeast Asian payment processors like ShopeePay, GCash, and TrueMoney.
The company selling a $3,000 mattress cover that billionaires love wants to become a healthcare company that treats sleep apnea
Eight Sleep wants to turn its consumer sleep data into a healthcare business, but first it has to clear regulatory and clinical hurdles.
Meet the 18-year-old junk remover who vibe-coded his own pricing calculator and makes up to $15,000 a month
Carter Grandbois' first job paid $500 for 30 minutes of work. "That was kind of an eye-opener." He's part of a movement of Gen Z blue-collar entrepreneurs.
The CEO of $1.2 billion learning platform Preply says it all started with his online search for an English tutor
Kirill Bigai, the cofounder and CEO of learning platform Preply, had to take on a consulting gig while getting paid almost nothing building the business.
Mark Walter’s sports empire offers a glimpse of the money machine behind private credit—and the plumbing keeping it together
Where did the money come from for Walter to buy the Dodgers, Lakers and Chelsea FC? And what does it have to do with insurance?
Meet the sisters who got dumped by their landlords and were down to their last £15,000 before they built an £8 million business
Annabel and Emily Lui left careers in finance and law to build Cutter & Squidge. Their next target is £10 million.
Owning the Lakers would provide billionaire investor Joshua Kushner with an iconic sports franchise — and a ‘powerful tax shield’
"My guess is he is preparing to offset a boatload of carried interest income. If you own a sports team, done correctly, you can get a deduction against income."
Gen Z is eyeing up ‘secure’ healthcare jobs to AI-proof their careers, but be warned: Chiropractors, doctors and paramedics are the unhappiest workers
Health care workers report burnout and lower job satisfaction. So Gen Z's safest bet might just be behind a counter, not a stethoscope, research suggests.
Iran business leader admits U.S. blockade will inflict more economic damage than war, and the ‘worst thing that could happen’ is trying to evade it
The head of the Iran-China Joint Chamber of Commerce said "the consequences of the blockade far outweigh those of a direct war."
Trump embraces a political strategy of being in charge of everything but responsible for nothing when things go badly
His unwillingness to accept blame sometimes leads him to deny that there are problems at all.
Before employers shift more healthcare costs to workers, they should ask hospitals a question
Healthcare is a growing operating expense and, per Mercer data, roughly three-quarters of CFOs rank healthcare as a top five operating cost concern.
McKinsey senior partners: America’s growth strategy demands a health reset
The gap between what we spend and how healthy we are should concern anyone who cares about the country’s future.
‘Call Her Daddy’ host Alex Cooper’s Unwell beverage business is shutting down
On Wednesday, Unwell raised money from Hollywood super agent Patrick Whitesell that valued the entire business at $500 million. It will go somewhere else.
Anthropic’s $2 trillion problem: Its underlying business is nowhere near the IPO valuation it wants
Everything you need to know before you reach the office this morning.
Glenn Fogel runs the world’s largest online travel business. He still personally reads customer complaints because ‘you gotta get that sh*t right’
The travel industry, like every sector, is experimenting with the best use cases for AI. Fogel is working towards a world where tourism becomes an intelligence system in its own right
Jennifer Garner cofounded a $732 million business at 45, and says her age came with perks: ‘I’m blissfully not motivated by needing to be in charge’
Millionaire actress Jennifer Garner became a cofounder after two decades in Hollywood success, and says she had one big advantage over younger founders.
‘Kids don’t go out and do things anymore’: Youth sports are becoming a thing for rich people
“There's travel, the uniforms, pitching in on the lunches,” said Tanisha Curry, 51, who has custody of her granddaughter. She says her family pitches in.
Only 12% of family businesses stay in the family by the third generation. A Goldman Sachs chairman says optimism is the reason
François-Xavier de Mallmann steers Goldman's relationships with many of the world's largest family-controlled enterprises.
Gates Foundation’s $540 million gift to science comes as the federal government pulls back on funding
The historic gift to a University of Washington research institute lands as the federal government retreats from funding science.
Kalshi CEO slams founders for being over-reliant on ‘mostly trash’ business advice—he founded his now-$22 billion prediction market as a college grad
Kalshi’s 30-year-old CEO says most business advice is ‘trash’—he doesn’t read management books or listen to podcasts: ‘I’m gonna make it up as I go’
‘Your back’s against the wall’: How two Gen-Z founders bet everything on a Brooklyn laundromat
Their advisers said it was a mistake. Today, Brooklyn's Launderette is betting customer experience can redefine a "boring business."
It’s not just Canadian tourists snubbing U.S. cities. Business leaders are cancelling more trips to America as geopolitical tensions continue
An analysis of cell phone data shows Canadian visits to U.S. cities have plummeted 42% year-over-year, dwarfing previous estimations.
Google quietly discontinues its Earth AI feature a day after its rollout after users made no-no images
Google’s “Nano Banana” AI allowed users to generate any images they wanted from Google Earth—and Google didn’t measure the consequences.
Mamdani wants to form business panel with ex-Lazard, UBS bankers
Mamdani is courting UBS, Lazard and BofA veterans for an advisory council spanning finance, real estate and tech, people familiar with the matter say
Exclusive: Kalshi launches ‘Blanket’ to help small businesses hedge against risk—with help from the guru of ‘hypergamblification’
Lauris Zminsky says "a lot of young people are embracing lottery-ticket economics" — but his new project with Kalshi is totally separate from that.
I built Canada’s largest crypto company. But the business climate here made selling to Robinhood inevitable
The CEO of WonderFi says that he sold because Canada's burdensome regulatory climate makes international expansion out of reach.
Computer science enrollment is plunging, but AI is taking over the rest of the college campus as it reshapes how students learn and work
Universities like Colby College are increasingly integrating AI into disciplines not related to computer science.
Bernie Sanders hails Michigan result as ‘most extraordinary victory that I can think of in modern American politics’
Abdul El-Sayed has never held elected office and entered the race years after losing the Democratic gubernatorial primary by over 20 percentage points.
Michael Dell’s son built a $13 billion home battery business—and he’s going on 30 years old
Zach Dell is banking on a home electricity and battery rental business that offers backup power without buying an exorbitantly expensive system.
Fidji Simo had to leave OpenAI. But she’s still building a business that could find cures to chronic diseases that affect women like her
ChronicleBio is using AI to improve clinical trials and find cures for diseases like POTS.
Exclusive: Former OpenAI exec Fidji Simo discusses her battle with POTS and her startup’s plans to cure it with AI and 3,500 vials of blood (so far)
Simo is a cofounder of ChronicleBio, which aims to cure complex chronic diseases by analyzing biological data with the latest AI models.
Ukraine uses business principles to maximize Russia’s casualties and economic costs, potentially crushing its will to keep fighting, RAND says
Ukraine has KPIs for the military—just like corporations, which use them to track output from employees or subsidiaries.
The computer science major is dying so that the AI literacy minor can be born: ‘we have to democratize it’
Computer science enrollment is falling even as psych, music and biology majors rush into AI minors — colleges are racing to keep up with employer demand.
‘It’s really not for the faint of heart’: This 29-year-old CEO became a business owner, doubled revenue in 3 years, and learned what car not to drive
Lucas Philips became a CEO at 26 and now finds himself getting up at 4:30 am to commute from Manhattan to Newark. He doesn't have a foosball table.
He was homeless at 16. Now, he sits on the board of David Beckham’s wellness company and his business is about to hit $1 billion in revenue
Hudson Leogrande, the founder of popular hoodie brand Comfrt, bounced between car sales and chimney telemarketing before hitting his stride as an entrepreneur.
Bars, bowling alleys and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we’re paying with our health
Chronic isolation has the same health impact as smoking 15 cigarettes a day.
Anthony Scaramucci: don’t let politics cost America the digital economy
I've been one of Trump's most outspoken critics since my tenure in his White House. But this legislation evolved as lawmakers raised legitimate concerns.
Amazon’s Andy Jassy sees a $1 trillion cloud built on businesses like the PGA Tour—which swapped its server trucks for AI broadcasts
AWS just posted $42.2 billion in revenue with its fastest growth in 18 quarters and the AI platform saw more spending last quarter than in every prior quarter since launch combined.
Wall Street’s hidden recruiting pipeline isn’t an Ivy League diploma—it’s the teammate who triples your odds of getting hired
A new study of more than 120,000 Ivy League graduates finds locker room ties, not diplomas, do the real gatekeeping into finance's top firms
Mark Cuban’s Las Vegas A’s investment is his ‘Sports 2.0’ Dallas Mavericks playbook all over again
“The new model of baseball—or basketball, football—is teams becoming media companies and transcending a local marketplace," Rashaun Williams told Fortune.
Jensen Huang says this is the greatest time in history to start a business—and his advice is to stop overthinking it: ‘How hard can it be?’
The billionaire CEO has spent the last three decades building Nvidia —but says one simple mindset helped turn a diner-booth idea into a $4.7 trillion giant.
The competition passed on a flying toy. We built it into $100 million dollar business
In his new book, Spin Master's Ronnen Harary explains how three founders in their 20s took a toy everyone rejected and turned it into Air Hogs.
Elevance Health’s CEO started her career as a pro basketball player. Now she’s the highest‑ranking woman on the Global 500, leading a $199B giant
Gail Boudreaux credits collegiate athletics with helping to shape her leadership style.
Microsoft’s stock has biggest one-day gain since 2008, adding $480 billion in market value as cloud business booms
Azure crossed $100 billion in revenue for the first time and a new disclosure about OpenAI offered some respite.
Should AI be formally recognized as a national and global security threat? In London, politicians increasingly think so
More than 125 U.K. lawmakers support ControlAI's campaign led by Luciana Berger to have non-human superintelligence officially recognized as a national and global security threat.
Meta stock drops 10% as free cash flow gets crushed—and Zuckerberg hints at launching cloud business with few details
Meta's quarterly results showcased the strength of its core social media business, as well as the gap in its business model in the AI arm's race.
Robinhood CFO details surging prediction market business as firm posts record revenue in Q2
Robinhood beat analyst expectations on several fronts though crypto revenue fell significantly.
Dr. Fauci, the Age of Big Players in science and what his diary reveals about the disputed origins of Covid
In the age of Big Players, even science has become politicized. The most recent evidence is contained in Dr. Anthony Fauci’s diary.
Jeff Zucker is banking on the UAE to help build his new $8 billion entertainment empire
The $8bn Banijay-All3Media merger has created a global media and entertainment powerhouse—and Jeff Zucker believes the Gulf has a starring role to play
Gen Z say selling their secondhand stuff online is teaching them more about business than college—and 85% of hiring managers agree
Exclusive: Hiring managers say running a Depop account impresses them more than an internship or a retail job.
A trove of users’ seemingly private conversations with Anthropic’s Claude AI chatbot showed up in Google search results
The topics of the seemingly inadvertently exposed chats ranged from erotica, programming chats, work notes, and fake book reviews.
Oprah Winfrey says ‘life starts at 44’—and research proves she’s right: the average founder starts their business after 40
Billionaire Oprah Winfrey says she “locked in” in her 40s—as most CEOs and founders are middle-aged.
Sit back and watch the birds—your health will thank you, data shows
A psychologist says scientific research have cited consistent evidence to show spending time in nature leads to health improvements.
Gambling becomes America’s favorite pastime as Americans spend more on sports bets than movies, arts, museums, and music combined
Americans wagered $166 billion on sports last year, more than Hollywood, the music industry, books, and museums combined.
Trump administration admits it canceled $7.6 billion in clean energy projects ‘based solely on the political identity of the grant recipient’s state’
In this case, that includes 16 states that voted for Democrat Kamala Harris in the 2024 presidential election.