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The Latest Breaking News from Fortune

Meet TikTok’s new U.S. CEO: Adam Presser, a Harvard business and law grad with an affinity for Chinese movies

"For three years in high school, I watched Chinese movies and had this incredibly eye-opening experience,” Presser said in a 2023 interview.

Fortune

Cursor’s OpenAI-powered swarms of agents built and ran a browser for a week with no human help. Here’s why that matters

Cursor’s experiment shows how AI is shifting from answering prompts to running real projects—hinting at a future where machines don’t just help, but work as an “orchestra.”

Fortune

The great power gap: Billionaires are 4,000 times more likely to hold office than you are, and Oxfam warns it’s ruining democracy

“We actually do face a moment in which there is a fundamental choice between oligarchy and democracy,” Oxfam America senior director of economic justice Nabil Ahmed said.

Fortune

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Gates Foundation plans to give away $9 billion in 2026 to prepare for the 2045 closure while slashing hundreds of jobs

Who will take the reins of philanthropy with the Gates Foundation absent?

Fortune

Demis Hassabis, and how AI just might wrangle our molecular universe

This week, Fortune published a magazine feature looking inside Demis Hassabis’s Isomorphic Labs.

Fortune

Scott Galloway says, but now 'the American brand is chaos, corruption, and coercion'

Also: All the news and watercooler chat from Fortune.

Fortune

U.S. oil producers increasingly ‘slighted’ by Trump’s international focus on crude in Venezuela, Greenland, and beyond

Trump’s fixation on hiking oil volumes from OPEC and Venezuela to lower prices at the pump is leaving U.S. oil producers annoyed with weak domestic pricing and drilling activity.

Fortune

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How the middle class was hollowed out from 1979 to 2022, according to new federal data

The top 1% saw its share of household income double from 1979 to 2022, going from 9% to 18%, the CBO said. The middle cohort saw the biggest decline.

Fortune

'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns

"The United States is deeply indebted, and its finances are on an unsustainable long-term trajectory," says the Committee for a Responsible Federal Budget.

Fortune

I'm the Napster CEO and I agree with Pinterest: the Napster phase of AI needs to end

Napster isn't a cautionary tale anymore. We're an AI company. And we've spent a quarter-century learning lessons.

Fortune

AI drug startup Insilico Medicine launches an AI ‘gym’ to help models like GPT and Qwen be good at science

With the “gym,” Insilico is now targeting other biotech and pharmaceutical companies, offering to train new AI models for them.

Fortune

Ray Dalio says these 5 historic cycles are driving today’s markets

Dalio was among the notable leaders who talked with Fortune at the USA House in Davos.

Fortune

Exclusive: Cubby raises $63 million in Goldman Sachs-led funding to scale self-storage software

Cubby just raised a $63 million Series A, led by Growth Equity at Goldman Sachs Alternatives, Fortune has exclusively learned.

Fortune

Ray Dalio says CEOs concerned with a new rules-based order need to accept that change is here for good

Also: All the news and watercooler chat from Fortune.

Fortune

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MAHA's dietary guidelines prioritizing red meat and dairy is the K-shaped economy in action, economist warns: ‘There’s certainly affordability issues’

“Healthy eating isn’t just a choice,” food economist David Ortega said. “There are real constraints.”

The Guardian - US

Newsom says Davos appearance was canceled under pressure from Trump

Governor’s office says US pavilion bowed to pressure and pulled scheduled ‘fireside chat’ with Fortune magazine

Fortune

Trump says Europe does one thing right: drug prices. 'A pill that costs $10 in London costs $130 in New York or Los Angeles'

The president called out French President Emmanuel Macron on refusing to raise drug prices, and claimed tariff threats make Macron change his mind.

Fortune

Trump doesn’t want America to be ‘a nation of renters,’ but experts say at least one of his proposals may put homeownership more out of reach

Experts told Fortune Trump’s proposal allowing Americans to tap their 401(k) for down payments could inflate prices and leave Americans poorer in retirement.

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Fortune

Ray Dalio warns the global rules-based order is already ‘gone’ as Trump threatens Greenland: ‘Let’s not be naive’

The Bridgewater founder told Fortune he pays attention to the past 500 years: “It’s like a movie for me. It’s like watching the same movie happen.”

Fortune

Ray Dalio warns that the monetary order is breaking down, leaving us with a terrible choice: ‘Do you print money or let a debt crisis happen?’

Dalio told Fortune that he’s looking back at 500 years of history to try and make sense of today and see what’s coming.

Fortune

6 months later, Amazon CEO Andy Jassy sings a different tune on tariffs, saying the pain of higher prices is coming soon in 2026

After keeping prices down last year, Andy Jassy says it’s becoming more challenging for sellers to absorb tariff costs.

Fortune

Match Group says a 'readiness paradox' is crippling Gen Z in dating: Fear of hard-launching on Instagram is making it worse

Gen Z believes they’ll find true love, but loneliness and social media are causing them to alter their timelines, according to a Match Group report shared exclusively with Fortune.

Fortune

Wall Street is talking about whether Trump’s Greenland plan will end U.S. ‘primacy’

Increasingly, analysts and economists are talking about hedging against U.S. risk and deploying their capital in markets that are more predictable.

Fortune

Exclusive: Alphabet’s CapitalG names Jill Chase and Alex Nichols as general partners

For the first time since CapitalG was started in 2013, the firm is promoting two general partners, Jill Chase and Alex Nichols, Fortune has exclusively learned.

Fortune

CEOs at Davos are buying into the agentic AI hype

Also: All the news and watercooler chat from Fortune.

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