U.S. Debt Is Now Bigger Than the Economy. That’s Not the Real Problem.
Washington quickly brushed off a startling milestone in a mounting problem.
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Washington quickly brushed off a startling milestone in a mounting problem.
By

President Trump is returning home from Beijing after a two-day summit that achieved a few deals but left investors and analysts underwhelmed.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la MercedNiko GalloglyBrian O’KeefeIan Mount and

The former reality-TV star has shaken up the Los Angeles mayoral race, gaining support from deep-pocketed donors like the financier Daniel S. Loeb.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la MercedNiko Gallogly and

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How Much Power Did Microsoft Have Over OpenAI?
The technology giant’s chief executive faced a grilling in court over whether it exerted too much control over what was meant to be an A.I. nonprofit.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la MercedNiko GalloglyBrian O’Keefe and

Private Equity’s New Tax Fight
Estimates by researchers at Yale found that closing the carried interest loophole could lead to billions more in tax revenues than previously estimated.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la MercedNiko GalloglyBrian O’KeefeIan Mount and

All Those A.I. Note Takers? They’re Making Lawyers Very Nervous.
A trendy productivity hack, A.I. note takers are capturing every joke and offhand comment in many meetings. They could also potentially waive attorney-client privilege.
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‘Terminator’ Fears and Internal Dysfunction: Inside the OpenAI Trial
Elon Musk’s court battle against OpenAI has laid bare tensions between the start-up's leaders and raised questions about the billionaire’s motivations.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la MercedNiko GalloglyBrian O’Keefe and

Why Investors Are Still Betting Big on Kalshi
The popular prediction market platform has just raised a new funding round that values it at $22 billion, double what it was worth in December.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la MercedNiko GalloglyBrian O’Keefe and

Reckoning with the ‘New Normal’
At this year’s DealBook Summit, there was an understanding that in the Trump era, business runs through the White house like never before.
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In a Tumultuous Era, Global Alliances and Practices Are Upended
While President Trump has made positive moves, panelists on a DealBook task force pointed to Ukraine, Venezuela and, especially, China as serious missteps.
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From the DealBook Summit: Industry Leaders Share Their Insights
Representing a variety of public and private sectors, guests from technology and finance to education and the artsparticipated in a lunchtime discussion designed to spark conversation around critical questions of the day.
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For Business Leaders, It’s the Personal Connections That Keep Them Going
Executives on a DealBook Summit task force panel said fear was not the way to build teams capable of navigating difficult times.
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As artificial intelligence, politics and market volatility reshape business, top C.E.O.s share how they balance purpose, performance and the pressures of modern leadership.
By Andrew Ross SorkinEvan RobertsJulie ZannDan PowellKelly PiekloKatie McMurran and

Leveraging Innovation to Revive the American Dream
As technology accelerates and pressures mount, top executives grapple with purpose, innovation and resilience and what leadership means now.
By Andrew Ross SorkinEvan RobertsJulie ZannDan PowellKelly PiekloKatie McMurran and

The Education of Higher Education
As political pressure mounts and campuses face new cultural and financial strains, higher education confronts a test of purpose and survival.
By Andrew Ross SorkinEvan RobertsJulie ZannDan PowellKelly PiekloKatie McMurran and

As U.S. policies upend old alliances and norms, global power is shifting and the stakes are growing.
By Andrew Ross SorkinEvan RobertsJulie ZannDan PowellKelly PiekloKatie McMurran and

Should People Still Trust the Media in 2025?
Media leaders debate how trust eroded, what audiences want now, and whether traditional journalism can still compete with personality-driven voices.
By Andrew Ross SorkinEvan RobertsJulie ZannDan PowellKelly PiekloKatie McMurran and


Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.
By The New York Times

Cerebras, a Silicon Valley maker of artificial intelligence chips, began trading on the stock market on Thursday, as SpaceX, OpenAI and Anthropic also take steps to go public.
By Natallie Rocha

The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war.
By The New York Times

After a series of political victories under President Trump, firms are lobbying Congress for a sweeping framework they helped shape.
By David Yaffe-Bellany

Fervo Energy, which uses drilling techniques from the oil and gas industry to produce power from the earth’s heat, raised $1.9 billion in an initial public offering.
By Ivan Penn and Brad Plumer

Dozens of long-shot bets on Polymarket, from the war with Iran to the cryptocurrency market, have defied the odds, according to a New York Times examination.
By Stuart A. Thompson and David Yaffe-Bellany

Kevin Warsh, President Trump’s pick to run the Federal Reserve, would face a growing inflation challenge if he’s confirmed.
By Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly and Brian O’Keefe

OpenAI and Anthropic are opening offices in Washington, hiring lobbyists and spending more than ever to win over federal lawmakers.
By Cecilia Kang

The start-up, which makes A.I.-backed weapons, was valued at $61 billion in the financing round, double what it was a year ago.
By Sheera Frenkel

The online marketplace called the cash-and-stock proposal “neither credible nor attractive.”
By Lauren Hirsch
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