Brian Moynihan warns the economy risks ‘malaise’ due to government shutdown, as deals slow and Federal workers pull back on spending
"Ultimately it's going to slow down the economy," he says.
FORTUNE 
Powell gave traders a green light to double down on AI—but the markets punished Meta and Microsoft anyway
The market declined to demonstrate irrational exuberance despite upbeat remarks from the Fed.
AIG to partner with specialty insurer Convex and asset manager Onex in $5 billion deal
The dual investment comes on the heels of AIG’s separate $2 billion acquisition deal with reinsurance company Everest Group.
The next ‘golden age’ of AI investment
A16z’s Anjney Midha says reasoning models and new frontier teams will spark the next big wave in AI investment.
Fox’s Tubi Reaches Profitability for First Time
Executives also had high praise for Fox One, saying it had exceeded early expectations.
Adweek 
China just purchased its first U.S. soybeans from this year’s harvest before Trump and Xi meet at economic summit
The progress marks quicker negotiations between the two countries after China’s crackdown on rare-earths exports, expert says.
Microsoft CEO Satya Nadella says Bill Gates told him his big bet on OpenAI would be a flop: ‘Yeah, you’re going to burn this billion dollars’
Nadella said despite the risk, “it was not that hard to convince anyone.”
Longevity science is on the cusp of major breakthroughs thanks to AI, but significant ‘data gaps’ need to be filled, expert says
There’s a dearth of data about how differences in gender, ethnicities, and environments can affect the aging process.
Canadians flee Florida real estate market as Trump tariffs and trade tensions create uncertainty
Douglas Elliman agent Senada Adzem says Canadian sellers are citing currency volatility, trade uncertainty — and a sense they ‘don’t feel as welcome’ in the U.S. — as they leave Florida.
FOX Business 
Walmart addresses social media rumors that it will close stores when SNAP benefits lapse
Walmart denies viral TikTok claims about store closures amid government shutdown and SNAP benefits funding concerns, calling the widespread rumors false.
Trump and Xi, Hoping to Ease Trade War, Agree to 1-Year Truce
China agreed to suspend for a year some of its limits on exports of rare earth metals, while the U.S. halved its fentanyl-related tariffs.
NYT Business 
Despite High Bar for M&A, Comcast to ‘Look at Things’ Amid WBD Sale Rumors
Comcast's Mike Cavanagh noted the bar is 'very high' for mergers and acquisitions.
AI is the common threat—and the secret sauce—for security startups in the Fortune Cyber 60
The latest installment of the Fortune Cyber 60 list, created in partnership with Lightspeed Venture Partners, reveals how critical AI security has become for organizations.
AI is the common threat—and the secret sauce—for security startups in the Fortune Cyber 60
The latest installment of the Fortune Cyber 60 list, created in partnership with Lightspeed Venture Partners, reveals how critical AI security has become for organizations.
Delta CEO Ed Bastian says one key to building customer loyalty is ‘obsessing’ over your own staff
Also: All the news and watercooler chat from Fortune.
The Trade Desk Taps Shopsense AI to Turn More of the Open Web Into Shoppable Ad Inventory
A new deal with ShopSense AI lets buyers at The Trade Desk run sponsored product ads that match the context and content of the pages consumers are viewing.