The Brutalist Report

Fortune

• Apple accuses OpenAI, and former design star Jony Ive’s io Products firm, of stealing hardware trade secrets in blockbuster lawsuit [11d]
• OpenAI’s latest AI model likely has similar cyber vulnerabilities to one that led to U.S. export controls on Anthropic’s Fable, British agency says [11d]
• Memory chip giant SK Hynix jumps nearly 13% in Wall Street debut as AI frenzy powers biggest initial share sale in the U.S. by a foreign company [11d]
• Meet ‘Freedom Fuel Network’ stations, a new chain with cheaper gas and mysterious origins [11d]
• Billionaires warned New York would scare off business. Anthropic and Airbnb just made their biggest bets on the city yet [11d]
• This summer’s hottest IPOs are minting a new class of ultra-high-net-worth ‘IPO Bros’—and family offices are changing how they approach them [11d]
• Taylor Swift paid New York City more than $160,000 to cover the costs tied to her wedding, Mayor Zohran Mamdani confirmed [11d]
• Top Iranian officials admitted to the supreme leader that the U.S. naval blockade was crushing the economy, report says, as Trump eyes reimposing it [11d]
• One Wall Street firm is paying its Gen Z interns fresh out of college $8,600 a week—more than the typical American makes in nearly two months [11d]
• When Erling Haaland isn’t playing for Norway in the World Cup, he’s investing in a chess championship and playing an animated Viking [11d]
• Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium [11d]
• At least a million woman lose access to humanitarian supports thanks to Trump budget cuts [11d]
• Tech shares lift global markets while oil slips as Iran war keeps traders on edge [11d]
• Marketing’s new mandate: Why AI is forcing CMOs to think like ‘mini CEOs’ [11d]
• Why companies are paying a premium for battle-tested CFOs—and Nike’s struggling turnaround shows what that costs [11d]