Quick note: Subscribe to the forthcoming Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who…
Good morning. State Farm CEO Jon Farney is trying to transform the future of the country’s largest auto and home insurer while dealing with the realities of today. The 104-year-old mutual insurer just launched its “Next Gen Good Neighbor” offering,…
Justin Hotard was appointed as Nokia’s President and CEO on April 1, 2025. Prior to Nokia, he was at Intel as Executive Vice President and General Manager, Data Center & AI Group. Between 2015 and 2024, Justin worked for Hewlett Packard…
Houston geothermal startup Fervo scored Wall Street’s biggest clean energy IPO ever, and its stock opened 35% higher on May 13 for a market cap above $10 billion. Bill Gates-backed Fervo aims to take the nascent industry mainstream to power…
The Great Wealth Transfer is underway: According to McKinsey, more than six million small and medium businesses will shut down or transition ownership by 2035 as baby boomers retire. Of those businesses, a million are considered viable for sale, representing $5…
Welcome to Eye on AI, with AI reporter Sharon Goldman. In today’s issue: A new effort to bring sustainability back into the AI conversation…Cerebras prices IPO above expected range…Anthropic is now courting small business owners…and court filing shows Sam Altman…
As of March 2026, the fungus causing white-nose syndrome had been detected in 47 states, reaching as far west as California, Washington and Oregon. White-nose syndrome spreads primarily through bat-to-bat contact, though humans also contribute to the spread when cave…
PayPal will waive $30 million in processing fees for $1 billion in small business transactions as part of a new settlement with the Department of Justice (DOJ) signed on May 12. The settlement resolves a DOJ investigation into PayPal over a 2020…
Anthropic’s Claude is telling people to go to sleep and users can’t figure out why. A quick scan of Reddit reveals that hundreds of people have had the same issue dating back months—and as recently as Wednesday. Claude’s sleep demands…
Federal Reserve Governor Stephen Miran said he will resign from the central bank effective once incoming Chair Kevin Warsh is sworn into office, or shortly before. The move by Miran was expected given his seat on the Fed’s Board of…