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The Trump administration is looking for ways to keep revenue from tariffs that were ruled illegal, after telling courts that refunds would be easy...
Jason Ma -
The Supreme Court ruled that President Donald Trump’s global tariffs were illegal, but that’s not going to stop the administration from holding on to the money it’s already collected.Sources told Politico officials are weighing various ideas, including discouraging...
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Drug company ads are easy to blame for misleading patients and raising costs, but research shows they do help patients get needed treatment
It’s a familiar experience for many Americans: You’re watching your favorite show and suddenly you’re ambushed by an ad for a drug whose name sounds like a Wi-Fi password, before a relentlessly cheerful voice tells...
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The AI resource reallocation challenge: How can companies capture the value of time? | Fortune
Artificial intelligence (AI) is taking over routine tasks, boosting productivity, and allowing employees to focus on more interesting and strategic projects. And that is just the start: The McKinsey Global Institute (MGI) estimates that in the next five years,...
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I’m one of America’s top pollsters and I’ve got a warning for the AI companies: customers aren’t sold on ads | Fortune
OpenAI has begun introducing ads to ChatGPT and AI avatars now sell their wares from LinkedIn to YouTube. Consumers must grapple with an unprecedented change to how goods and services are bought and sold. Meta has not only opened up chatbots to targeted ads,...
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Warner Bros. officially deems Paramount’s bid ‘superior’ and Netflix withdraws | Fortune
Warner Bros. Discovery has formally declared Paramount Skydance’s latest takeover proposal a “superior” offer to its existing deal with Netflix, escalating one of the most dramatic bidding wars Hollywood has seen in years. The determination prompted Netflix to withdraw...
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Health care spending is surging just as Trump’s tax cuts cripple its funding | Fortune
Federal health care spending has reached a historic turning point. It is now the single largest category of federal expenditures, having surpassed other spending categories including Social Security, national defense, and interest payments made to chip away at the...
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Bitcoin fans latch onto ‘ridiculous’ Jane Street conspiracy to explain price slump | Fortune
It’s been a bad few months for Bitcoin, as prices have fallen over 40% since October. For investors this has been especially frustrating since, unlike in previous downturns, there has no obvious explanation for the market malaise. This week,...
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Citadel Securities demolishes viral AI doomsday essay, arguing the real ‘Global Intelligence Crisis’ is ignorance of macro fundamentals | Fortune
Over the past week, a highly speculative piece of financial fiction has gripped Wall Street. Titled “The 2028 Global Intelligence Crisis,” the viral essay by Citrini Research and Alap Shah paints a catastrophic picture of an economy destroyed by...
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Despite the constant ‘job apocalypse’ warnings, computer science graduates are actually on track to earn $81,000 right out of college | Fortune
With warnings of a white-collar “jobpocalypse” growing louder, the outlook for Gen Z college graduates can seem bleak. Among aspiring tech workers in particular, the anxiety has been especially intense. Coding tasks once left to junior developers can now...
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Inconvenient fact about the Epstein files: they’re missing Trump mentions that have appeared in the press | Fortune
The Justice Department said Wednesday that it was looking into whether it had improperly withheld documents from the Jeffrey Epstein files after several news organizations reported that some records involving uncorroborated accusations made by a woman against President Donald Trump were...
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Tram derails in Milan, leaving one dead and dozens injured
The crowded tram was travelling in the centre of Milan at rush hour when it appeared to crash into...