The Brutalist Report

Fortune

• Shein CEO’s wealth slumps $15 billion after whittled-down IPO [11d]
• Warner Bros. axed ‘Coyote vs. Acme’ three years ago to take a tax write off. But it’s finally in theaters after a public outcry—and a box office hit [11d]
• Iran’s president admits ‘we have many problems’ and missiles ‘are of no use’ as the U.S. chokes its economy while weakening Tehran’s grip on Hormuz [11d]
• Battle for Hormuz: U.S. forces take first military action against Iran in a month, striking rocket launchers being used to deploy sea mines [12d]
• It’s not just math and reading. Classroom devices deprive kids of skills needed in the AI future and how to be ‘fully human,’ education experts say [12d]
• Trump urges FCC to probe media polling, punish NBC moderator [12d]
• World mostly shrugs off Bessent’s ‘D-Day’ Iran sanctions threat [12d]
• Google Maps changes Lake Ontario label to Lake America in U.S. [12d]
• ‘I think they’re doing it to cling to power’ — Venezuelans bash their government’s deal handing over vast oil reserves to the U.S. [12d]
• SpaceX launches NASA’s newest crown-jewel telescope, which will look for ‘the weird, the rare and the unusual’ — including dark matter and energy [12d]
• The official jobless rate is so low the Fed thinks the economy is at full employment. But a gauge of the ‘functionally unemployed’ keeps climbing [12d]
• This baby boomer vs. Gen X Senate race emerges as key test of generational change in U.S. politics and what age is too old for Congress [12d]
• Olivia Rodrigo and philanthropist Melinda French Gates raise $20 million for women’s well-being with a benefit show recalling ’90s feminist push [12d]
• Six months into the Iran war, the global economy has pulled off a ‘Mission Impossible’ scene, and the Trump family is among the winners [12d]
• Trump mistook it repeatedly while speaking about his designs on Greenland, but voters in Iceland reject a proposal to restart talks to join the EU [12d]
• American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices [12d]
• Gen Zer washed his college basketball team’s dirty clothes and mopped floors to prove his passion—now he’s one of the youngest interns ever at the NBA [12d]
• Top economist says it’s ‘panic season’ in markets and it’s your fault for taking summer vacation. Blame the ‘harvest time’ mentality [12d]
• The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy [12d]