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“This is not the first time we’ve been involved in coming up with a mechanism which can reopen a trade route in the midst of conflict,” International Chamber of Commerce secretary general John Denton told Fortune. https://bit.ly/4hLkdYP

As confusion reigns over Hormuz talks, Fortune gets exclusive access to a UN-backed plan to reopen the strait  | FortuneThe Strait of Hormuz is the key battleground in the U.S.-Iran war, with vital ship traffic all but halted in recent months. There is a project to break the impasse.bit.ly

Mayor Zohran Mamdani’s pied-à-terre tax—a surcharge for anyone who owns a second home in New York valued at over a certain limit—is effectively acting as an extra tax auditor. https://bit.ly/4pX0I1H

How Zohran Mamdani's pied-a-terre tax exposed an epidemic of 'ghost cars' instead | FortuneThose out-of-town plates you see might belong to residents of the city you’re in, but they may be drivers slick enough to pull insurance fraud.bit.ly

ElliQ, an AI-powered tabletop robot, is showing that AI devices have the potential to appeal to a broad range of users, including older adults who may not consider themselves tech savvy. https://bit.ly/4fLNmjZ

Forget Gen Z: People in their 70s and 80s are some of the earliest Americans to welcome physical AI into their homes and daily routines | FortuneElliQ’s device has been commercially available since 2022.www.fortune.com

The NFL is looking to deepen its foothold in Europe, and CMO Tim Ellis told Fortune how the league is expanding its international presence. https://bit.ly/4xEuScP

The NFL’s previous push into Europe lost $400 million. Why it's trying again | FortuneThe league's chief marketing officer is taking America's biggest sport across the Atlantic. After decades of failed attempts, this time may be different.bit.ly

CEO Doug Wood has spent 25 years building Tommy Bahama into a brand recognized well beyond golf courses and beach resorts. He also says he can tell, almost on sight, where a customer is from. https://bit.ly/4w79ZWe

Go ahead, make fun of Tommy Bahama. The CEO is happy to join you, and he's probably not a fan of your preppy shorts | FortuneDoug Wood’s a lovable character. His thoughts on what you should wear, and how to have fun while wearing it, are up for debate.bit.ly

Young workers starting their careers are staring up a long climb to the top. And the best way to ascend is by sticking true to the time-honored advice of going above and beyond, PwC U.S. CEO Paul Griggs advises—and it may even mean putting in extra effort on the weekends.https://bit.ly/3RJJEzC

PwC U.S. CEO advises young workers to say yes a lot, even if it means working on the weekends—‘That person climbs into the next role’ | FortunePwC U.S. CEO Paul Griggs advises that “putting in time when people are not looking” is one of the best ways to climb the corporate totem pole.bit.ly

The U.S. is stepping in to help boost Japan’s yen for the first time in nearly three decades after the currency hit a 40-year low, but the intervention has an unusual feature: instead of selling dollars to buy yen, the New York Fed reportedly sold euros to fund the purchase. https://bit.ly/3SfjXqJ

The U.S. is using euros, not dollars, to prop up the yen, and it may backfire: ‘This kind of twist…undercuts the efficacy of U.S. participation’ | FortuneThe unusual funding method backed a joint U.S.-Japan move that lifted the yen to 157 per dollar, but economists say it won't fix underlying issuesbit.ly

“I really learned from Peter Thiel and Paul Graham, in two different ways, which is that the very best companies, the very best investment opportunities are almost never the ones that look really popular,” OpenAI CEO Sam Altman, said on the "Invest Like the Best" podcast. https://bit.ly/4bY0EJ8

Sam Altman reveals the investing advice billionaire Peter Thiel gave him that helped him amass a $3.3 billion net worth without OpenAI equity | FortuneOpenAI CEO Sam Altman owns no equity and earns a $76K salary—but says Peter Thiel and Paul Graham taught him how to build billions in investment wealth.bit.ly

Women run 34 #Global500 companies this year. That’s an all-time record—and still a paltry 6.8%. https://bit.ly/45BxX11

A record 34 women now run Fortune Global 500 companies | FortuneThat's still just 6.8%.www.fortune.com

In an exclusive interview with Fortune, former OpenAI exec @FidjisSimo opened up about her battle with POTS and how her new startup, @ChronicleBioAI, plans to use AI to help cure it. https://bit.ly/3RQpWCe

Exclusive: Former OpenAI exec Fidji Simo discusses her battle with POTS and her startup's plans to cure it with AI and 3,500 vials of blood (so far) | FortuneSimo is a cofounder of ChronicleBio, which aims to cure complex chronic diseases by analyzing biological data with the latest AI models.fortune.com

Elon Musk, the richest man in the world is now on the hunt for skilled individuals to join the team at rocket and satellite company SpaceX, in roles which will build out data centers both on Earth and—potentially—on other planets. https://bit.ly/4fPKqmI

Elon Musk joins race to hire the best plumbers and engineers: All you need is 3 bullet points and a resume | FortuneFuture work at SpaceX, the company has indicated, includes establishing a lunar economy, mining asteroids, and energy production on Mars.bit.ly

Entry-level corporate jobs are drying up, whether that’s due to AI or the prevalence of remote work, cutting off traditional avenues for launching careers. At the same time, demand for workers in skilled trades is booming amid the frenzy to build AI infrastructure. https://bit.ly/4w9DxTf

As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a 'general-purpose nerd' | Fortune"AI is creating a structural skills mismatch as companies aggressively replace generalists with specialized talent."bit.ly

The exact number of years of saving it would take for the average worker to claw out of the middle-class bracket has been revealed—and it’s nearly half a century. https://bit.ly/3SaXxXF

The average worker would need to save for 52 years to claw their way of of the middle class and be classified as wealthy, research reveals | FortuneBleak research warns not even a lifetime of savings would be enough to lift workers out of the middle class, into the top 10%.bit.ly

Today, Fortune is launching #FortuneDaily, a new video show that dissects the day’s headlines to deliver the insights that global decision-makers need to navigate a rapidly changing business landscape—and world. https://bit.ly/4vXTEDb

Welcome to Fortune Daily | FortuneThe new video show dissects the day’s headlines to deliver the insights that global decision-makers need.bit.ly

Hudson Leogrande, founder of popular hoodie brand Comfrt, went from being homeless as a teenager to leading a $1 billion loungewear brand and serving on the board of David Beckham’s wellness company IM8. https://bit.ly/4cgk5wR

He was homeless at 16. Now, he sits on the board of David Beckham's wellness company and his business is about to hit $1 billion in revenue | FortuneHudson Leogrande, the founder of popular hoodie brand Comfrt, bounced between car sales and chimney telemarketing before hitting his stride as an entrepreneur.bit.ly

“There are universal factors that make a great bookstore, and it doesn’t matter whether it’s a huge chain store or a small independent,” Barnes & Noble CEO James Daunt told Fortune. https://bit.ly/4wwYyIp

How Barnes & Noble CEO James Daunt tapped his indie bookstore cred to revive the big-box chain | FortuneAfter years of cookie‑cutter layouts and publisher‑paid shelf space, Daunt is remaking Barnes & Noble as a network of locally curated shops—ending co‑op deals and betting discovery will better compete...bit.ly

Zenity, an Israel-based cybersecurity startup, has raised $125 million as part of a Series C funding round, in a bet that AI risks don’t come from powerful models, but instead from what happens when AI agents are set loose to act on their own. https://bit.ly/4fQyCk2

SoftBank, Hitachi, LG back Zenity's $125 million round to police AI agents | FortuneThe round lands as Asian enterprises rush to deploy AI agents that touch "every aspect of the enterprise," in the words of CEO Ben Kliger.bit.ly

Air taxis are closer than ever to becoming a reality thanks to a confluence of new technology, competition, and regulatory developments. https://bit.ly/4fycRXk

Electric air taxis are finally ready for takeoff | FortuneA new breed of aircraft—half-helicopter, half-drone—begin real world tests across the U.S. this summer thanks to a federal program. First up is cargo, with passengers close behind.bit.ly

“I think young people getting life experiences, learning languages, traveling, understanding other people, being able to talk to people and listen face to face, and then combining these things, are going to be very valuable.” https://bit.ly/4w9DxTf

As AI creates more entrepreneurs and a skills mismatch, Gen Z faces the choice of being a specialist or a 'general-purpose nerd' | Fortune"AI is creating a structural skills mismatch as companies aggressively replace generalists with specialized talent."fortune.com

Although shortages are forcing companies to explore Chinese chip suppliers, adoption is still likely to be selective and politically contested, especially in the U.S. https://bit.ly/4wDMK7x

CXMT’s blockbuster IPO will test whether China’s memory makers are ready for the spotlight: ‘It does not yet mean China is broadly catching up’ | FortuneExperts say shortages are forcing companies to explore Chinese chip supplies, yet adoption is still likely to be selective and politically contested.fortune.com