Fortune

Ford says its $28,350 Fathom electric pickup will be able to run your house in a blackout, and it won’t say what that costs — but Ford’s own math gets you most of the way there anyway. https://bit.ly/4zilXyW

The Pentagon is developing a requirement that every major military installation in the continental U.S. be able to sustain essential operations on its own for at least 90 days, Fox News Digital reported, citing internal planning documents. https://bit.ly/4e2LW4H

Can Anthropic generate revenues so gigantic that they far outpace the huge spending on compute that its leaders acknowledge is coming? So far, the S-1 shows surprisingly excellent bedrock performance, Fortune reports. https://bit.ly/4zWt2or

Travis Kalanick, Uber’s billionaire cofounder, said he had moved from California to Austin, Texas, in December 2025, just about two weeks before the proposed wealth tax would’ve applied to him. https://bit.ly/48eAfEG

The narrative of the “Great Wealth Transfer” generally assumes retirement at 65 and a relatively short stretch of life after that, but the 21st century seems to have other plans. https://bit.ly/4sqRmwr

Whether Anthropic is a good buy depends on a lot of factors, not least of which is the as-yet-unset price. #CEODaily https://bit.ly/3W2bZmx

Microsoft is offering buyouts to roughly 60,000 employees, or about 27% of its workforce, as the software giant continues to spend heavily on artificial intelligence. https://bit.ly/47I3T58

Asian stocks rallied on Tuesday after Anthropic filed for an eagerly anticipated initial public offering, reviving enthusiasm for battered AI, tech, and semiconductor shares across the region. https://bit.ly/4ss8KRq

New York has long been one of the most expensive places in the country to rent, and now, New Yorkers have paid more than ever to sign a lease this summer, while the cost of buying a home remained far out of reach. https://bit.ly/4zvzljn

P&G is confronting shoppers feeling pinched by rising prices and a growing chasm between the purchasing power of well-heeled consumers and the bargain hunting of those who are struggling. https://bit.ly/4yOf8nn

Pennsylvania’s EQT would become the nation’s top natural gas producer with the $12.8 billion, all-stock acquisition of rival Range Resources announced Monday. https://bit.ly/4yPw4dn

“Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech,” Apollo chief economist Torsten Slok wrote in a note. https://bit.ly/3TVeTZG

Switzerland has long been famous as a haven for wealth, with Swiss bank accounts drawing money from rich people across the globe. https://bit.ly/3Uofhjs

"I’d intended to be more of an independent or head of engineering… Then one thing led to another and I was CEO for 13 years," Facebook cofounder Dustin Moskovitz told Stratechery in a 2025 interview. https://bit.ly/3VXaC8H

Anthropic has built a fast-growing business selling AI services based on how much customers use them, and — as its landmark IPO prospectus revealed Monday — customers are using a lot of Anthropic’s AI services right now. https://bit.ly/4evGA22

“The advice I would give somebody young and I gave my kids was you can’t run away from it and you can’t wish it away,” Amazon CEO Andy Jassy said on The a16z Podcast. https://bit.ly/3UhpDlc

Anthropic’s long awaited IPO prospectus was made public on Monday, and the document lays out the wildest set of risk disclosures ever seen from a company vying to go public. https://bit.ly/4dYD541

For the ultrawealthy, the responsibility of managing their fortunes given to the younger generation has become a point of concern for the wealthiest families as they age—some are keeping the full amount from them. https://bit.ly/3U0F01j

True Religion CEO Michael Buckley is courting Gen Z and millennials with more affordable clothing, music partnerships, and in-store experiences, while letting go of something the brand once prided itself on: setting trends. https://bit.ly/4sq7azq

“There’s nothing temporary about a temporary store,” Spencer Spirit Holdings CEO Steven Silverstein told Fortune. https://bit.ly/4iltTbf

Nevis, an AI software startup launched by former executives at Revolut, announced Monday it raised $70 million in a Series B round to continue building out its platform for financial advisors. https://bit.ly/47MpcCv

Anthropic’s seven cofounders have pledged to give away 80% of their personal stakes in the AI company—a promise that could amount to nearly $80 billion. https://bit.ly/4z2wgWZ

Microsoft-owned Xbox has launched a pay-as-you-go feature that has angered some users and is part of a larger trend of video game fans paying more for titles they do not own. https://bit.ly/4e1rfGt

Natural gas is becoming a diplomatic flashpoint across the Strait of Malacca, adding to a host of new tensions between Indonesia and Singapore. https://bit.ly/4zc2vDG

Japan’s SoftBank Group is discussing a plan for a $50 billion investment in Malaysia, focusing on artificial intelligence and data centers, Malaysian Prime Minister Anwar Ibrahim said in an Oct. 24 speech. https://bit.ly/4iFHtYm

Anthropic’s 318-page IPO prospectus, which the company made public today, makes one thing clear: Compute is existential to Anthropic’s business, and not securing enough of it is a significant risk factor. https://bit.ly/3UkOIeR

As PepsiCo leaders shifted to talking about crop yields and health trends, Coca-Cola moved in and struck a deal in 2003 to displace Pepsi at Subway, its largest fountain customer, business that Pepsi won back last year. #CEODaily https://bit.ly/4euF1kU

“We’re essentially asking surgeons to put down their knives, and pick up this lightsaber,” Rakuten Medical CEO Minami Maeda told Fortune, referring to the company’s new technology that uses light as a way to treat cancer. https://bit.ly/4zTwUGT

United Airlines CEO Scott Kirby caused a stir last week when he said the U.S. should have a national wealth tax, but he didn’t back down as he offered another idea, this time for national service. https://bit.ly/4igHzo2

“Respect just went up—purely because of the hard work and all the efforts we put in ... People realized that this was a grueling experience for us,” former PepsiCo CEO Indra Nooyi said, recalling her and her classmates' experiences from developing countries. https://bit.ly/4esI1hG

“The two types of people who will not make the shift to AI are pure people managers, and people that are rigid and don’t want to change and evolve,” Airbnb CEO Brian Chesky said on the Invest Like the Best podcast. https://bit.ly/48fUhi5

While 100% of U.S. exports to China are reportedly subject to tariffs—and 88.8% of Chinese exports to the U.S. are subject to tariffs—the world’s second-largest economy has continued to grow ahead of expectations. https://bit.ly/4jBf1I5

Five and a half years later, each of the seven Anthropic cofounders owns almost exactly the same slice of the AI company that just officially released its paperwork for an initial public offering. https://bit.ly/4ioTWyn

Anthropic’s hotly anticipated prospectus for its initial public stock offering showed the company generated $16.3 billion in revenue for the first six months of 2026. https://bit.ly/4z5rJnb

“If this year’s elections show that an anti-data center stance wins political contests, it could put data center regulation at the heart of the 2028 campaign.” https://bit.ly/4kgNlsc

Kirby attended the Air Force Academy but couldn’t become a fighter pilot. Instead, he worked at the Pentagon as a budget analyst. But he still credits the Air Force Academy with instilling values that he applies to this day, especially a “no excuses” attitude. https://bit.ly/4igHzo2

The official price for the Treasury's gold was set by Congress in 1973 at $42.22 per ounce. That means all that gold is only on the books for just over $11 billion. But if it was valued at gold’s current price of around $4,000 per ounce, it would be worth $1 trillion. https://bit.ly/4sxJglB

Evans, the longtime partner of convicted Theranos founder Elizabeth Holmes, runs Haemanthus, an Austin-based startup that says it can use lasers to detect disease in blood, saliva, and urine. Interest in the company has surged since A24 released "You Can See Everything." https://bit.ly/3U0O1aG

Only 57% of Gen X respondents describe their primary job as financially stable, the lowest of the four generations. Millennials are at 71%. Plus, 57% of Gen Xers have taken on work outside their main job, with 72% of them saying they needed the income. https://bit.ly/3Ulv2HU

"This Was SportsCenter: Stories from the Set" is a video podcast in which he reunites with former colleagues. The first season debuted in June and featured Dan Patrick, Chris Berman, Mike Greenberg, Linda Cohn, Chris Fowler, and Craig Kilborn. A second season is due in 2027. https://bit.ly/4ii81xt

Buckley is courting Gen Z and millennials with more affordable clothing, music partnerships, and in-store experiences, while letting go of something the brand once prided itself on: setting trends. https://bit.ly/4sq7azq

“Whether it is the estate plan, the intention for a family property, or the philanthropic intent, those are dialogues a family should have together, both during life and about what happens after the eldest generation is gone.” https://bit.ly/3U0F01j

Neurodivergent employees may be among the most eager to use AI, given that the existing structures of the workplace are often failing them already. They can use LLMs to help break complicated assignments into smaller steps, organize tasks, and help with communication. https://bit.ly/4ifKBsv

The federal government is stepping up funding to support microreactors on domestic military bases by 2028. The plans are to eventually extend their reach to remote bases in harsh weather conditions and to lunar bases and the outer reaches of the solar system. https://bit.ly/4ip3rxE

Last year, Pepsi-Cola had 8.1% of the U.S. carbonated soft drinks market by volume vs. Coke’s 18.5%. What’s more, sales of Diet Coke and Coke Zero are multiple times higher than their Pepsi counterparts. https://bit.ly/4BngWGA

While new supplies will continue to be produced, the reserve will not be able to help ease any wobbles in output, which depends heavily on the weather and can be volatile. The strategic reserve consists of three warehouses in Quebec that can hold about 218,000 barrels. https://bit.ly/4BnhiNk

“How much compute and how many data centers are needed depends on the returns firms are able to generate with that compute. So far, the AI payoff for firms has been slow to materialize, implying a growing reluctance to pay for AI services.” https://bit.ly/4iiHOyY

France avoided a credit downgrade, but Moody’s offered a bleak forecast. “The negative outlook reflects the increased risk that the fragmentation of France’s political landscape will continue to impair the functioning of the country’s legislative institutions.” https://bit.ly/4z7w1ux

A whopping 72% of Gen Z investors said they had already made changes to their retirement savings or investment portfolios in anticipation of the November elections vs. just 17% of Baby Boomers, according to the Nationwide Retirement Institute. https://bit.ly/4jFLJbh

An estimated 15 million American adults were scammed out of money in 2025, losing roughly $68 billion, and 12% of the scams involved AI or a deepfake. That figure may undercount the problem, since victims don’t always realize AI was used. https://bit.ly/4sj5qI5