Good morning. On Fortune’s radar today:
- Iran bombs 85 U.S.-allied sites in the Middle East.
- Markets: Oil surges, stocks slide on war fears.
- AI capex is hurting hyperscaler profits, ING says.
- Fortune ’s new AI podcast ( made by humans !)
- You are more likely to inherit a business than buy one.
- Why you should know about Paris Hilton’s 11-month imprisonment .
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