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Fortune
Fortune
Jim Edwards

Backchannel talks between U.S. and Iran offer Trump an off-ramp—if he wants it

Donald Trump Iran
Photo: President Trump. (Credit: Photographer: Aaron Schwartz/UPI/Bloomberg)

Good morning. In today’s Fortune:

  • There are backchannel talks between U.S. and Iran.
  • In the markets, some welcome relief.
  • Trump says he wants to ‘take’ Cuba.
  • Nvidia’s Jensen Huang crowns himself the ‘token king.’
  • Chart: Global equities pummeled by the war.
  • Byron Allen is now a streaming mogul—he just took an aggressive stake in Starz.
  • Exclusive: How boards lowered the bar for CEO bonuses.
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