The Brutalist Report

Fortune

• Illinois joins Ohio in ordering pause on data center tax credits [17d]
• The Strait of Hormuz is more open than previously thought as the U.S. shoots down Iranian drones threatening ships and provides ‘naval overwatch’ [17d]
• Trump says he supports salary cap for Major League Baseball [17d]
• Oil drilling rises in longest U.S. streak since 2022 on price bump [17d]
• SpaceX and other mega IPOs may wait years to join the S&P 500 [17d]
• During D-Day speech in France, Hegseth invokes immigration and says ‘When will European capitals do something about that invasion?’ [17d]
• Former AI czar calls Sanders’ proposal for government equity a ‘stupidity tax’ and warns against nationalization as Trump mulls public stakes [17d]
• This may be the maximum level of U.S. debt that’s sustainable before interest payments trigger a default crisis that even steep tax hikes can’t fix [17d]
• Marvell Technology, Flex to join S&P 500 later this month [17d]
• Ukraine targets St. Petersburg after Putin refuses talks [17d]
• Why oil’s not at $200 after the biggest supply shock in history [17d]
• The Seattle Storm used to be the ‘tail’ on the ‘dog’ of its NBA counterpart. Now the WNBA team is leading the city’s basketball revival [17d]
• ‘That’s the way life goes’: Trump tells Knicks fans who can’t afford tickets to ‘watch it on television’ [17d]
• Trump issues pardon to former Republican congressman who made $350,000 in illegal gains from insider trading [17d]
• Bernie Sanders and Sam Altman’s private one-hour meeting about the public ownership of AI [17d]
• ‘We don’t want to see ‘60 Minutes’ die’: the last 3 correspondents say they’re staying at CBS News [17d]
• Trump says ‘situation with Iran seems to be going quite well’ while U.S. shoots down more missiles and drones near Strait of Hormuz [18d]
• Chinese humanoid robots dominate the market with thousands shipped a year. But most are still performative rather than functional [18d]
• These 12 Fortune 500 companies have survived wars, crashes, and over 200 years of U.S. history [18d]
• I’ve sold property on California’s Central Coast for decades. The buyers chasing ranch and winery estates are after more than a lifestyle [18d]
• One in five homebuyers is a single woman – here’s what’s driving the shift [18d]
• Gen Z is ditching college for ‘more secure’ trade jobs—but boilermakers and welders actually rank among the worst entry-level jobs [18d]
• Serena Williams’ secret to success is about more than talent: You have to grind ‘every day’ [18d]
• Billionaires Elon Musk and Mark Zuckerberg used mortgages to buy multimillion-dollar mansions. Here’s why that’s a savvy financial decision [18d]
• When good money goes bad: the question SpaceX and OpenAI investors aren’t asking [18d]
• Elon Musk bullet-proofed his $1 trillion ‘Mars-shot’ pay at SpaceX after the epic battle over his $56 billion moonshot at Tesla [18d]
• A CEO denied raises to spend money on AI instead. Companies have ‘no idea what they’re going to need in a workforce’ when the AI race is over [18d]
• SpaceX needs to grow 60x in a decade to justify a $1.75 trillion valuation. No company has ever come close [18d]
• ICC Secretary General: The Hormuz clock that matters isn’t diplomatic — it’s agricultural [18d]
• MAGA hates AI, but Trump agrees with Bernie it might be time for partial government ownership [18d]