The Brutalist Report

Fortune

• SpaceX reveals its share price and record valuation: 555.6 million shares at $135 apiece, at a $1.77 trillion valuation [2d]
• Republicans defy Trump in shock move, passing resolution in Congress to limit Iran war powers [2d]
• Live updates from the NYC bar that promised to cover everyone’s tabs if the Knicks won, and used Kalshi to hedge their bets [2d]
• What is a Fortune 500 company? The story behind the list [2d]
• Nick Saban to Congress: college sports is the biggest, baddest Ferrari’ going 150 mph toward the Grand Canyon. ‘Somebody needs to tap the brakes’ [2d]
• SpaceX may be the biggest IPO ever, but Morningstar says it is overvalued by half and the smart investors will wait out the hype and buy later [2d]
• ‘I hope she’s ready’: Spencer Pratt throws down the gauntlet to Karen Bass [2d]
• Exclusive: Nvidia snaps up Kumo AI in latest acquisition [2d]
• Polymarket cuts ties with former Rep. George Santos as feds investigate if he illegally bet against his own actions on Kalshi [2d]
• NASA says the elephant-sized meteor that landed on New England is totally normal [2d]
• An Iowa farm has been in his family for a century. He just beat Trump’s pick by running against pesticides and big ag [2d]
• The two most powerful conferences in college sports just pulled the rug on Congress [2d]
• Two government virologists smuggled Mpox vials into the U.S. It’s not clear why [2d]
• Support for same-sex marriage hits lowest point in years as GOP acceptance collapses, Gallup finds [2d]
• Tariff man rides again as Trump slaps 10% duties on key trading partners — except the ones who get 12.5% [2d]
• $215 million later, Tom Steyer is running third. California’s Governor race is still anyone’s [2d]
• These Fortune 500 companies are bigger than most national economies—here’s where they’d rank as countries [2d]
• OECD warns of ‘scarring effects,’ recession scenarios—but finds ‘no signs of widespread labour displacement’ from AI [2d]
• By every measure, U.S. companies are winning on AI adoption—but a series of high-profile snafus shows they’re getting pummeled by costs [2d]
• ‘A landmark moment for homebuying’: A San Francisco seller wants OpenAI or Anthropic stock for their $3 million home [2d]
• Bernie Sanders wants Americans to own a piece of AI. The Trump White House seems to agree [2d]
• Trump retreats on $1.8 billion slush fund for DOJ after rare Republican resistance [2d]
• The U.N. Security Council now includes Portugal and Austria, defeating Germany for spots on the 15-member panel [2d]
• Artist who painted life-sized swimming whale mural in Dallas sues FIFA for allegedly illegally painting over his work [2d]
• This CEO has had 6 major jobs in Silicon Valley: How Dennis Woodside built a career on saying yes to hard problems [2d]
• ‘Will I still matter?’ The ‘Optimism Doctor’ says people can tolerate uncertainty—the AI angst is about something else [2d]
• A new AI-powered computer worm could prove to be the stuff of cybersecurity nightmares [2d]
• From ‘reinvention exhaustion’ to ‘friction absorption’: the e-commerce elves who make your groceries and clothes appear are worn out [2d]
• Some of the biggest U.S. sporting towns decided not to host any World Cup games, fearing a ‘major financial burden to our cities’ [2d]
• AI was supposed to be killing jobs. In spring, the labor market is opening up instead [2d]
• ‘One thing after the next’: Axon and Schneider Electric supply chain chiefs talk life in permanent disruption [2d]
• He’s got golden hair, weighs 1,500 pounds, and he’s a rare albino buffalo. Bangladesh is calling him ‘Donald Trump’ [2d]
• Dr. Oz on why Trump appointed a real-estate heir as acting intelligence chief: ‘I think Bill’s a great guy. I know him socially’ [2d]
• A $245 million Bitcoin heist led police to a ‘Godfather’ who hired Sheriff’s deputies as enforcers [2d]
• An artist painted a mural of life-sized whales in Dallas — then FIFA painted over it for the World Cup [2d]
• How Bazooka’s CIO is bringing AI to the gum game and navigating candy industry headwinds [2d]
• Mike Bloomberg matches $25 million fundraising effort to educate youths about 9/11 ahead of the 25th anniversary [2d]
• Cisco CEO says he’s the fastest messenger on his team—and hires people with the same urgency and ‘desire to move’ [2d]
• Kalshi reported former Rep. George Santos for allegedly placing a bet on the marketplace against his own attendance at the State of the Union [2d]
• European Union launches new tech sovereignty package to remove dependence from American and Asian AI and microchips [2d]
• There are two Dan Sullivans running for Dan Sullivan’s Senate seat — and Dan Sullivan is annoyed [2d]
• New York City shaken by 7 men appearing out of sewer manhole with no explanation [2d]
• Top short seller Andrew Lift convicted of securities fraud after getting caught saying ‘taking candy from a baby’ [2d]
• ‘Stop building silos of excellence’: Peloton’s COO has a Navy playbook for the new era of supply chain chaos [2d]
• The IBM executive tasked with retraining 30 million workers is changing how she thinks about the AI finish line [2d]
• Ohio city workers are covering automated license plate readers with trash bags as officials sound the alarm on ‘egregious violations’ of privacy [2d]
• The CEO who loves AI autodidacts — and desperately needs his experts [2d]
• Current price of oil as of June 3, 2026 [2d]
• Variant raises $222 million for new fund with a thesis of AI, crypto and ‘autonomy’ [2d]
• Town’s AI assistants learn your life—Andreessen Horowitz and Forerunner just backed the vision with $55 million [2d]
• How Amazon’s CFO ‘shatters’ expectations and helped power the company to No. 1 on the Fortune 500 [2d]
• Trade war is back on as White House floats a new minimum 10% tariff plan—with carveouts for coffee, beef, and microchip suppliers [2d]
• Wall Street is beginning to think Trump can’t reopen the Strait of Hormuz [2d]
• Women run a record 11.2% of Fortune 500 companies in 2026—but the gain came in a year of high-profile exits [2d]
• Bigger, richer, more concentrated: Inside the new Fortune 500 [2d]
• Texas is the new capital of the Fortune 500—taking California’s crown [2d]
• Who is Chris Olah? The atheist Anthropic cofounder the Pope chose to sit beside him at the Vatican and tell the tech industry it can’t govern itself [2d]
• Exclusive: Apoha, a startup building AI models for creating new materials, emerges from stealth with $36 million Series A funding round [3d]
• Intel’s new CEO cut management layers in half. The stock is up nearly 500% [3d]