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The Latest Breaking News from Fortune

Court blocking Trump tariffs torpedoes his negotiating tactic, but it’s ‘hardly the end of this story’

“We haven’t heard directly from President Trump on the matter yet, so it’s unclear how the administration might respond going forward,” one analyst notes.

Fortune

EXCLUSIVE: It's not just DEI—corporate ESG initiatives are under threat in the Trump era and 80% of companies say they’re adjusting their policies

“There have been a lot of very sudden policy swings.”

Fortune

Ruling against Trump tariffs is a win for the legislative branch

Also: Musk quits DOGE, Nvidia beats expectations, and Instacart announces new CEO.

Fortune

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This millennial runs a $53 million eco-friendly business backed by Zac Efron and Kevin Hart—He’s never been promoted, and flies planes to unwind

“I think about work a lot, so I need an activity that requires focus to unwind from my job. That usually looks like a motorcycle ride or a flight lesson,” Ryan Lupberger, CEO of $53 million company Clean Cult, tells Fortune.

Fortune

How Stephen Miran—a Harvard-trained former free market champion—became Trump’s top ideologue on tariffs

Last year Miran, 41, was a virtual unknown. Suddenly the "Mar-a Lago accord" author’s ideas are reshaping the economy.

Fortune

Jensen's gymnastics: Nvidia's CEO blasted a Trump rule costing the chipmaker $10.5 billion in lost revenue while praising Trump's 'bold vision'

During Nvidia’s quarterly earnings call, CEO Jensen Huang gave a real-time demonstration of how to navigate politics in the Trump era.

Fortune

Elon Musk exits Trump administration after clash over 'big, beautiful bill'

As a special government employee, Musk’s time with Trump was slated to wrap up in late May.

Fortune

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On TikTok, Gen Z is in pursuit of tan lines—despite the risks of sun exposure

As with most recent trends, social media appears to be behind the latest rise in tanning culture.

Fortune

A federal court just killed Trump’s tariff program, immediately striking them down nationwide

The Court of International trade has struck down Trump’s “unlimited emergency tariffs on global trade” in a crushing blow on Wednesday.

Fortune

Adaptogens are popular for reducing stress and anxiety. One expert warns of the risks

“Not every herbal supplement is good for you or safe to consume,” an expert says.

Fortune

Nvidia manages sales beat despite China restrictions

Jensen Huang’s chip behemoth posted quarterly revenues up 69% year over year, surpassing the Street’s projections.

Fortune

e.l.f. Beauty buys Hailey Bieber's Rhode skin-care brand for $1 billion

Rhode is a disruptor in the beauty space, e.l.f. Beauty’s CFO Mandy Fields says.

Fortune

E.l.f.'s acquisition of Hailey Bieber’s Rhode is a $1 billion bet on Gen Alpha

“I've been in the consumer space for 34 years,” e.l.f. CEO Tarang Amin told Fortune. "I've never seen a business like this.”

Fortune

Markets dip as Federal Reserve worries economy faces ‘difficult tradeoffs’

Investors also waited for tech giant Nvidia to report its results for the first quarter.

Fortune

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Fortune

The only analyst on Wall Street who has a 'sell' on Nvidia says the AI chipmaker's great run is over

Ahead of Nvidia's highly anticipated Q1 earnings report, Jay Goldberg of Seaport Research Partners, lays out the bear case.

Fortune

Inside Bill Gates' meeting with his foundation's staff after his $200 billion bombshell: ‘How do we get people to care?’

Bill Gates and Gates Foundation CEO Mark Suzman met their employees with a combination of optimism and rage.

Fortune

Elon Musk’s brother and one other Tesla board director sell stock worth nearly $200 million

Tesla insiders' frequent stock sales have been a source of frustration for shareholders in recent months.

Fortune

How the CEO of Lumen Technologies is building the backbone of the AI economy

"We're thinking about everything completely differently. It's one of my favorite things to do. I love leading change," Johnson told Fortune.

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Fortune

Denny’s CEO says she starts any new gig by ‘walking around with a little journal’ and asking staff the same questions

Denny’s boss used to run the ship at Chili’s and Red Lobster—she says she starts every new assignment by asking employees and customers 4 very specific questions

Fortune

Sneaky Sasquatch has been an Apple Arcade hit since the beginning. Apple just bought the company behind it

Tech giant buys maker of Sneaky Sasquatch game.

Fortune

Investors flee GameStop following $500 million Bitcoin splurge

GameStop announced the purchase of 4,710 Bitcoins on Wednesday.

Fortune

Anheuser-Busch and UFC’s Dana White roll out a new energy drink

Phorm energy launches today.

Fortune

AI could make half of all entry-level white-collar jobs vanish, Anthropic CEO warns

"It sounds crazy, and people just don't believe it," Dario Amodei tells Axios.

Fortune

Meet Fidji Simo’s replacement as Instacart CEO: A former Apple director who helped drive iPhone market adoption

Instacart has already announced its replacement for CEO after Simo left to join OpenAI.

Fortune

Starbucks just posted a $360K-salary job ad—but candidates need ‘tact and decorum’ and a specialist qualification to apply

The pay is 10 times higher than the average salary of a Starbucks barista, but requires a bachelor’s degree, 5,000 hours of flight experience, and many certifications.

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