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Even as businesses spend $4 million to cross Panama Canal, they say ‘it’s safer and less expensive’ than the Strait of Hormuz | Fortune

Businesses have doled out as much as $4 million for last-minute plans to move boats through the Panama Canal in recent weeks, the Panama Canal Authority says, as Iran war’s effective closure of the Strait of Hormuz generates a seismic shift in global...

Ricky Sandler shuttering Eminence Capital after 27-year run | Fortune

Hedge fund veteran Ricky Sandler is shuttering Eminence Capital and returning cash to investors after a 27-year run. “Over the last few years, it has become increasingly difficult to apply our rigorous bottom-up investment process to rapidly shifting market conditions...

Keir Starmer promises imminent laws to ban IRGC

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UK Prime Minister Sir Keir Starmer has vowed within weeks to introduce legislation proscribing Iran’s Revolutionary Guard Corps as a terrorist...

Intel shares surge on AI boom to surpass dotcom bubble high

Intel shares surged as much as 26 per cent to a record high on Friday after the US chipmaker’s results added to confidence that its ambitious turnaround plan was paying off.Chief executive Lip-Bu Tan hailed a “fundamental” change at...

Forget LinkedIn—Amazon’s Andy Jassy started a chicken wing eating club to network when he first moved to Seattle for work | Fortune

Moving to a new city and starting a new job can be one of the most intimidating parts of building a career. You have to make new friends, rebuild your local network, and, in Andy Jassy’s case, find the...

Trump administration’s indictment of the Southern Poverty Law Center breaks with norms – and may lack evidence of criminal wrongdoing

The Southern Poverty Law Center was indicted on April 21, 2026, on federal fraud charges. The Justice Department alleges that the civil rights group known as the SPLC improperly raised millions of dollars to secretly...

American Airlines CEO calls United merger ‘a non-starter’: ‘No way to view that as anything but anti-competitive’ | Fortune

American Airlines CEO Robert Isom on Thursday became the latest, and most consequential “no” on the rumored American-United merger.In an interview with CNBC Thursday shortly after the company reported first-quarter earnings, Isom called the merger a “non-starter from the...

Intel CEO Lip Bu Tan crushed Wall Street targets on his 1-year anniversary: We are embracing our ‘paranoid’ roots | Fortune

Intel has spent the last few years trying to reinvent itself and prove it’s still relevant in an AI-centric world dominated by Nvidia’s chips.On Thursday, as Intel crushed Wall Street financial targets, the company had a new message: There’s...

Busted! Feds charge U.S. Army soldier who made $400,000 from Polymarket bets tied to Maduro capture | Fortune

Gannon Ken Van Dyke, a soldier stationed at Fort Bragg in North Carolina, helped plan and execute Operation Absolute Resolve, a daring mission that saw the U.S. Army capture former Venezuelan dictator Nicolás Maduro. His superiors, however, were unaware...

US shale bosses resist boosting oil output over Iran war ‘chaos’

Stay informed with free updatesSimply sign up to the Oil & Gas industry myFT Digest -- delivered directly to your inbox.US shale bosses polled by the Federal Reserve Bank of Dallas said they did not expect to significantly increase...
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OpenAI CEO Sam Altman “deeply sorry” for failing to alert law enforcement to Canada school shooter’s ChatGPT account

OpenAI CEO Sam Altman has apologized to members of a Canadian community where a mass...
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