Economy
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H.C. Wainwright reiterates Nektar Therapeutics stock rating on alopecia data
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Foghorn Therapeutics stock price target cut to $5 by H.C. Wainwright on program halt
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Northland initiates WW International stock with Outperform rating
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Ford CEO Jim Farley says the line between engineers and skilled tradespeople is now ‘completely blurred out’
In today’s CEO Daily: CEOs are rethinking how they train workers. The big leadership story: Younger workers are taking on second jobs at alarming rates. The markets: Mostly up as investors await the U.S. jobs report. Plus: All the news and watercooler chat from Fortune. Good morning. What is a skilled trade in the age…
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Capitalism may be reinventing socialism — and probably not how you think
Capitalism has been central to America’s remarkable 250-year adventure in self-government. It has transformed material life, brought mass prosperity and reduced extreme deprivation to a fraction of what it once was. Markets and private ownership have proved extraordinarily effective institutions for organizing economic activity. There is no reason, however, to assume that the institutions that…
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When pre-IPO shares are too good to be true
Regular readers of this newsletter will be quite familiar with some of the swindles and mischief that retail investors can face in the secondaries market, thanks to Allie’s diligent reporting on the subject. And with AI companies now moving towards record-setting IPOs—with valuations in the trillions of dollars—the demand for pre-IPO shares is greater than…
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I’m a humanitarian leader who’s all in on AI. Here’s why
AI can reinforce bias. It can hallucinate. It can expose sensitive information. It is used geopolitically in dangerous ways, with applications that make war easier and democracy harder. We are even now, more than ever, grappling with a conversation about AI’s existential risks. So people are surprised when I tell them the International Rescue Committee,…
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GM’s Mary Barra says ‘I’m done making predictions’—but sees fully autonomous driving in 2028
Good morning. On Fortune’s radar today: GM’s Mary Barra: “I’m done making predictions.” Markets: Sweet relief. How GPTZero became a $30 million AI-detection business. Bank of America’s ‘sell’ warning. The unstoppable American consumer is running through their savings. Tech—and especially AI—is making us stupider. The fines faced by Manchester City F.C. are likely to exceed…
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Blue Jays’ $25 Million Veteran Outfielder Sends Front Office Message
The Toronto Blue Jays’ former Gold Glover offered a clear message to Ross Atkins as he faces an uncertain future.