Gavin Newsom's anti-Zohran moment: the California billionaires tax that splits the Democratic Party down the middle | Fortune

Gavin Newsom’s stance against California’s proposed “Billionaire Tax Act” has exposed a rift in the Democratic…

AI is becoming baked into health care. Now CEOs are focusing on patient and practitioner outcomes | Fortune

Good morning. What is the state of U.S. business? It depends on where you are and…

Citigroup CEO Jane Fraser warns of job cuts and says it's time to raise the bar in a fiery memo to staff: 'we are not graded on effort' | Fortune

Citigroup CEO Jane Fraser, one of Fortune‘s Most Powerful Women—and the top female executive on Wall…

McKinsey challenges graduates to master AI tools as it shifts hiring hunt toward liberal arts majors | Fortune

A year-and-a-half ago, management consulting firm McKinsey had just 3,000 AI agents in its possession, with…

Whole Foods cofounder says his hardest ever business decision was firing his father from his company board: 'That was when my mentorship was over' | Fortune

Whole Foods cofounder John Mackey knew the exact moment he came of age in the business…

How Expedia’s CTO is using AI to transform work for 17,000 employees—and travel for millions | Fortune

Ramana Thumu, the chief technology officer at Expedia Group, says there’s no “AI Center of Excellence”…

Peter Thiel makes his biggest donation in years to help defeat California’s billionaire wealth tax | Fortune

Venture capitalist Peter Thiel has written his biggest political check in years, donating $3 million to…

California's wealth tax doesn't fix the real problem: Cash-poor billionaires who borrow money, tax-free, to live on | Fortune

California’s proposed wealth tax aims to go after billionaires’ balance sheets, but it largely sidesteps the…

‘Sickening and greedy’: California millionaire slams Larry Page and Sergey Brin for cutting ties with the state to avoid wealth tax | Fortune

While some California billionaires are slamming the proposed wealth tax and cutting ties with the state,…

The shaky job market won't last: Nvidia CEO Jensen Huang is 'fairly confident' that AI will increase productivity and hiring—but there's a catch | Fortune

2025 was not the year labor economists hoped for. Last year was the worst year of…