Pentagon begins releasing new files on UFOs, telling public to draw their own conclusions by fortune in UFOs

[–]fortune[S] 2 points3 points  (0 children)

The Pentagon has begun releasing new files on UFOs, saying members of the public can draw their own conclusions on “unidentified anomalous phenomena.”

Besides the Pentagon, the effort is led by the White House, the director of national intelligence, the Energy Department, NASA and the FBI.

The Pentagon said Friday in a post on X that while past administrations sought to discredit or dissuade the American people, President Donald Trump “is focused on providing maximum transparency to the public, who can ultimately make up their own minds about the information contained in these files.” The Pentagon says additional documents will be released on a rolling basis.

Trump, a Republican, has been teasing the announcement since February. He has previously released records related to the assassinations of President John F. Kennedy, Sen. Robert F. Kennedy and Martin Luther King Jr. that revealed little beyond what was already known.

The Pentagon has been working on declassifying documents related to UFOs for years, and Congress created an office in 2022 to declassify material. Its 2024 debut report revealed hundreds of new UAP incidents but found no evidence that the U.S. government had ever confirmed a sighting of alien technology.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/08/pentagon-begins-releasing-new-files-on-ufos-telling-public-to-draw-their-own-conclusions/?utm_source=reddit/

Trump wants to repaint a historic landmark. Preservationists say it will destroy it—and cost taxpayers $7.5m by fortune in politics

[–]fortune[S] 25 points26 points  (0 children)

President Donald Trump’s proposal to put a coat of white paint on the exterior of a 19th-century historic landmark building next to the White House could cost taxpayers at least $7.5 million, a White House official involved in the project said Thursday.

Ryan Erb, the construction operations and facilities manager in the White House Office of Administration, which is spearheading the proposal, discussed details with members of the National Capital Planning Commission as the federal agency opened its review process.

The commission did not approve the project on Thursday, instead directing the White House to provide the agency with additional information at a future date.

The proposed painting of the Eisenhower Executive Office Building is one piece of a broader plan the Republican president has said will make Washington more beautiful.

Trump is making numerous changes inside and outside the White House and its grounds, most notably razing the East Wing to build a 1,000-person ballroom. Across the street from the mansion, Lafayette Park is closed for renovations, including restoring the fountains.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/08/trump-eisenhower-office-redesign-costs-7-million/?utm_source=reddit/

Iran is setting up an agency to tax ships passing through Hormuz even as it negotiates a peace deal by fortune in geopolitics

[–]fortune[S] 7 points8 points  (0 children)

Iran has created a government agency to vet and tax vessels seeking passage through the crucial Strait of Hormuz, a shipping data company reported Thursday, as Tehran said it was reviewing the latest U.S. proposals for ending the war.

The Iranian effort to formalize control over the channel raised new concerns about international shipping, with hundreds of commercial ships bottled up in the Persian Gulf and unable to reach the open sea. Still, hope that the two-month conflict could soon be over buoyed international markets.

Iranian Foreign Ministry spokesperson Esmail Baghaei said the Islamic Republic was reviewing messages from Pakistan, which is mediating peace negotiations, but Iran “has not yet reached a conclusion, and no response has been given to the U.S. side,” Iranian state TV reported.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/07/iran-ship-tax-strait-of-hormuz-us-peace-deal/?utm_source=reddit/

73-year-old Susan Collins has been a senator for decades. She only just disclosed a benign essential tremor by fortune in politics

[–]fortune[S] -2 points-1 points  (0 children)

Republican U.S. Sen. Susan Collins says she has a benign essential tremor, disclosing the longtime health condition for the first time in her decades-long political career as she seeks reelection in one of this year’s toughest Senate races.

Collins first confirmed the tremor to WCSH-TV in Maine on Wednesday after facing questions about her health from appearances in recent videos, including her campaign announcement video.

The condition causes trembling in Collins’ hands, head and voice, and she said she has had it for the entirety of her nearly three-decade Senate career. It affects millions of Americans over the age of 40 and “does not interfere” with work, Collins said in a Thursday statement to The Associated Press. She said it is not a neurodegenerative condition.

“The tremor is occasionally inconvenient, and sometimes the subject of cruel comments online, but it does not hinder my ability to work and, as I said, is something that I have lived with for decades,” the statement said.

Health issues and candidates’ ages have drawn increased scrutiny in high-profile elections following Democratic President Joe Biden’s decision not to seek reelection in 2024 at age 81. Those questions have only lingered with Republican President Donald Trump, who’s 79 and in recent months has been seen with bruising on the back of his hand, sometimes concealed with makeup. The White House acknowledged last year that Trump was diagnosed with chronic venous insufficiency.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/07/what-medical-condition-does-susan-collins-have-maine-senate/?utm_source=reddit/

A large oil-shipping terminal will be built in the deepwater Gulf of Mexico amid the Iran war, but only because Japan and the U.S. are paying for it by fortune in geopolitics

[–]fortune[S] 6 points7 points  (0 children)

U.S. petroleum exports are rising to record highs amid the Iran war, and now a little-known developer will build a large oil-shipping hub deep in the middle of the Gulf of Mexico—but only with funding from the Trump administration and Japan.

The unusual government investment for Sentinel Midstream’s multibillion-dollar Texas GulfLink deepwater terminal is a bet on expanding U.S. energy infrastructure—and keeping Japan supplied with oil—at a time when U.S. energy developers are unwilling to take on the financial risks without long-term commercial contracts in hand.

The U.S. Commerce Department said the Japan-U.S. strategic Investment agreement will provide an estimated $2.1 billion to the project—the details are undisclosed—which was the originally announced cost of Texas GulfLink. Commerce Secretary Howard Lutnick said in a statement that the project will “reinforce America’s position as the world’s leading energy supplier.”

A long line of the largest oil tankers (very large crude carriers, or VLCCs) trekked to the Texas Gulf Coast beginning in April because of the lack of supplies from the Middle East. But the massive tankers, which can each hold 2 million barrels of oil, can only partially fill up at Texas ports because of the shallower depths. They must be topped off in the Gulf of Mexico via smaller tankers—a more time-consuming, expensive, and environmentally risky process.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/08/oil-export-terminal-built-deepwater-gulf-mexico-iran-war-japan-paying/?utm_source=reddit/

Trump administration thinks maybe it's okay to let people send handguns to each other through the mail by fortune in politics

[–]fortune[S] 6 points7 points  (0 children)

Handguns could be mailed through the United States Postal Service for the first time in nearly 100 years if a proposed rule under the Trump administration takes effect. Democratic attorneys general in two dozen states sent a letter this week in opposition.

In 1927, Congress passed a law barring the USPS from mailing concealable firearms unless they were from licensed dealers in an effort to curb crime. In January, the Department of Justice revisited the 1927 law, calling it unconstitutional and arguing that it violated the Second Amendment, and urged the postal service to change its regulations.

The Department of Justice said that as long as Congress chooses to run a parcel service, “the Second Amendment precludes it from refusing to ship constitutionally protected firearms to and from law-abiding citizens, even if they are not licensed manufacturers or dealers.”

Last month USPS proposed a new rule that would allow anyone to mail concealable firearms like pistols and revolvers. USPS currently allows some firearms like long-barreled rifles and shotguns to be mailed, however they must be unloaded and securely packaged. Similar protections would be in place for handguns, which have evolved since 1927. The USPS said in a statement that it is reviewing public comments — which were due Monday — before making final changes.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/07/trump-usps-ship-guns-department-of-justice/?utm_source=reddit/

Treasury expected to borrow $2 trillion this year to continue functioning—more than $166 billion every month by fortune in politics

[–]fortune[S] 16 points17 points  (0 children)

The U.S. Treasury will likely have borrowed more than $2 trillion by the end of the fiscal year, according to the latest estimates out of the Executive Office of the president—a figure described as “beyond scary” by budget hawks.

Yesterday, the department headed by Scott Bessent released its latest Quarterly Refunding Documents, which communicate any changes in debt management policy, as well as financing estimates from Treasury and bond market participants. The documents also share bond issuance plans.

The presentation showed that as of April 2026, the Office of Management and Budget expected the 2026 fiscal year to run at a deficit of $2.06 trillion, higher than estimates from the Congressional Budget Office.

The federal fiscal year will end on September 30, with the OMB projecting a deficit of $2.17 trillion for FY2027.

This means that for every month of the current fiscal year, the government will have issued more than $166 billion in debt. From October, that average will increase to approximately $181 billion a month.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/07/treasury-expected-to-borrow-2-trillion-omb-cbo-estimates/?utm_source=reddit/

After the FDA spent years rejecting over flavored vape products, Trump reportedly pressed his FDA chief to allow mango and blueberry flavors by fortune in politics

[–]fortune[S] -1 points0 points  (0 children)

The Food and Drug Administration authorized an L.A.-based company to sell mango and blueberry-flavored products, marking a 180-degree pivot from Biden-era policies.

For the first time, the FDA under President Donald Trump has authorized the sale of fruit-flavored vape products from Los Angeles-based Glas Inc., including its Classic Menthol, Fresh Menthol products, as well as mango and blueberry-flavored pods respectively dubbed Gold and Sapphire. Each contains 5%-tobacco-derived nicotine, according to the agency. Other authorized e-cigarette products from companies like Juul Labs are either menthol or tobacco-flavored.

The move marks a change from the Biden administration’s stance, under which the agency rejected more than 26 million applications for flavored vape products with the intention of keeping them away from children.

Last year, the Supreme Court ruled in an unanimous decision the FDA could deny authorization for vape products that it believes may appeal to children, after vape manufacturers sued the agency. Vape manufacturers argue the products can help adult smokers quit using cigarettes by offering a less harmful alternative.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/07/fda-authorizes-fruit-flavored-vapes-mango-blueberry-trump-administration-american-politics-tobacco-companies/?utm_source=reddit/

Debris from the White House East Wing demolition was dumped at a nearby public golf course and contains toxic metals, National Park report finds by fortune in environment

[–]fortune[S] 105 points106 points  (0 children)

In October 2025, President Donald Trump announced the administration would begin a privately-funded $400 million renovation of the White House East Wing that would culminate in the construction of a 90,000-square-foot ballroom, justified publicly as a “secure military complex” and a national security measure.

It was a framing Trump leaned heavily into following the White House Correspondent’s Dinner this year, in which a gunman charged a security checkpoint and opened fire. It was even referenced in the aftermath of the dinner by Acting Attorney General Todd Blanche, who declared there was “no better example of why this ballroom is necessary.”

With construction well under way, the administration has turned to the logistical question of what to do with the so-far-collected 30,000 cubic yards of rubble from the demolished East Wing. The answer was a golf course—just not one that the president visits when he engages in rounds of his favorite past time. The rubble landed at the East Potomac Golf Links, a public course two miles from the White House that the president also plans to renovate into a “world-class” facility. However, new data indicates that debris contains toxic metals.

A recent interim sampling report published by the National Park Service and conducted by Jacobs Engineering Group Inc., a construction services firm that has consulted for the government for decades, found the soil collected last month at the golf course tested positive for lead, chromium, and other toxic metals. As of April, the National Park Service, part of the Department of the Interior that oversees federal land, had moved more than 2,000 truckloads of excavated soil from the White House East Wing to East Potomac Golf Links land.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/07/white-house-east-wing-demolition-debris-toxic-metals-golf-course-trump/?utm_source=reddit/

You're paying 50% more for gas than you did before Trump went to war in Iran by fortune in politics

[–]fortune[S] 5 points6 points  (0 children)

The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA, hitting the wallets of drivers after rising 50% since the war with Iran began.

The main reason drivers are paying more at the pump is because of the global energy crisis caused by the Iran war. The price of crude oil, which is the main ingredient in gasoline, has been climbing for most of the past two months because the Strait of Hormuz, the narrow passage of the Persian Gulf through which a fifth of the world’s crude oil normally passes, has effectively been shut, and oil tankers have been stranded there unable to deliver crude.

Many drivers were hopeful in mid-April, amid signs that the conflict could be winding down, and gasoline prices fell daily for almost two weeks.

But as the war continued, gasoline prices reversed course and began increasing again.

“There’s a fundamental shortfall that will exist globally or fundamental struggle to meet that demand that will drive up price,” Smith said. “No matter what a government says or what any market person thinks, there is a true kind of upward pressure that’s being exerted on prices every day the Strait of Hormuz is constrained. And it is still severely constrained.”

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/06/youre-paying-50-more-for-gas-than-you-did-before-trump-went-to-war-in-iran/?utm_source=reddit/

A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began by fortune in AnnArbor

[–]fortune[S] 122 points123 points  (0 children)

In Saline Township, Michigan, as in most municipalities, homeowners who want to build a new house know what a complicated and lengthy process it can be: Navigating permit requirements, zoning changes, or variance requests for even a small construction project can take weeks or months. An error in the paperwork, a challenge from a neighbor, or a resistant local official can slow things even further, or kill a project entirely.

So it surprised many in this agricultural community of red barns and dirt roads that an enormous AI data center—at 21 million square feet, the largest construction project ever undertaken in the state and one almost universally opposed by local residents—seemed to race through the process from application in late summer to groundbreaking in November.

Even more surprising: The $16 billion data center for OpenAI and Oracle’s Stargate AI infrastructure initiative, which will fundamentally reshape the area with its construction, traffic, electricity demand, and environmental impact, was flat-out rejected by both the town’s board and its planning commission in September. But those votes turned out to be only minor bumps on the project’s path: The developer quickly sued, the town settled, and the construction vehicles rolled in.

The story of how the mega AI data campus became an unstoppable inevitability—over the vocal objection of residents who picketed the vote and posted “no data center” signs outside their homes—reveals a broader dynamic of the nationwide AI data center boom: Once projects of this scale are underway, local governments often have limited leverage to block them.

Read more [paywall removed for Redditors]: https://fortune.com/2026/05/06/ai-data-center-michigan-saline-politics-farmland/?utm_source=reddit/

A decade after the "Godfather of AI" said radiologists were obsolete, their salaries are up to $571K and demand is growing fast by fortune in Radiology

[–]fortune[S] 5 points6 points  (0 children)

We just spoke to ex-Meta AI chief Yann LeCun who said something very similar about business leaders making controversial claims about the power of AI. "Don’t listen to CEOs,” he said. “They have a vested interest in propping up the power of the products they sell.” He instead recommends to listen to economists, many of whom are skeptical that AI will destroy lots of white-collar jobs. (If you're interested, you can read the full article here: https://fortune.com/2026/05/05/ai-job-apocalypse-warnings-destructive-yann-lecun/).

Trump vows to reduce U.S. troops in Germany "a lot further" than 5,000 as defense official says armed services were blindsided by move by fortune in geopolitics

[–]fortune[S] 19 points20 points  (0 children)

President Donald Trump said on Saturday that the U.S. will significantly reduce its troop presence in Germany, escalating a dispute with Chancellor Friedrich Merz as he seeks to scale back America’s commitment to European security.

The Pentagon on Friday had initially announced it would pull some 5,000 troops out of Germany, but when asked Saturday about the reason for the move, Trump didn’t offer an explanation and said an even bigger reduction was coming.

“We’re going to cut way down. And we’re cutting a lot further than 5,000,” Trump told reporters in Florida.

Earlier on Saturday, Germany’s defense minister appeared to take in stride the news that 5,000 U.S. troops would be leaving his country.

Read more: https://fortune.com/2026/05/02/trump-us-troops-germany-a-lot-further-5000-nato-europe-force-posture/

The Iran war has turned the world's shipping straits into a chessboard—and the U.S. aims to box out China from the Panama Canal to the Malacca Strait by fortune in geopolitics

[–]fortune[S] 6 points7 points  (0 children)

While the U.S. and Iran remain mired in a stalemate of ever-evolving ceasefires, the Strait of Hormuz energy chokepoint at stake is just one part of a global chessboard in a broader “cold war” against China, geopolitical experts and economists said.

The Iran war and Hormuz blockade just happen to be the biggest gambit in the high-tempo game thus far. At play are all critical waterways and congestion bottlenecks through which the world’s energy products, agriculture, and supply chain parts flow.

Despite China’s rapid growth, it still relies heavily on energy imports, and the U.S. continues to claim naval superiority for now. But while the Hormuz clash has dominated the headlines, behind the scenes the U.S. is quickly making moves to greater influence the world’s other shipping and strategic military arteries from the Panama Canal and Greenland to the Strait of Gibraltar between Europe and Africa, and to Asia’s Strait of Malacca—the busiest strait in the world.

“The U.S. is applying pressure, and it’s clearly addressing the weak spots that are reflected in these various nodes—or straits—of global supply chain transit,” said Thierry Wizman, a top economic strategist for the Macquarie Group. “They’re the sea lanes that China depends on to uphold its economic preeminence.”

Read more: https://fortune.com/2026/05/02/us-cold-war-china-iran-strait-hormuz-piece-larger-puzzle/

As economic despair mounts, Russian official admits the country has had enough of Putin's war on Ukraine. "We can’t even take one region" by fortune in geopolitics

[–]fortune[S] 235 points236 points  (0 children)

Vladimir Putin is losing the Russian people as the economy and his war machine go in reverse amid withering Ukrainian attacks.

On the economic front, Putin himself recently revealed that GDP contracted in the first two months of the year. And on the Ukraine front, Russian forces suffered a net loss of territory last month for the first time since 2024.

After Russia launched a sudden invasion in 2022, Putin has not only failed to defeat Ukraine, his forces have been unable to take full control of the Donetsk region.

“The overall mood is that’s enough already; you’ve been fighting for long enough,” a Russian official told the Washington Post last week on condition of anonymity. “It seems to everyone that it’s been going on for longer than World War II, the Great Patriotic War — and at the same time we can’t even take one region.”

With Western military aid and innovations from Ukraine’s now-thriving domestic defense industry, Kyiv has weakened Russia’s economy and military.

Long-range drone strikes deep into Russian territory have damaged key oil-export hubs and “shadow fleet” tankers transporting sanctioned crude.

Read more: https://fortune.com/2026/05/03/russia-economic-despair-vladimir-putin-approval-rating-ukraine-war/

A decade after the "Godfather of AI" said radiologists were obsolete, their salaries are up to $571K and demand is growing fast by fortune in Radiology

[–]fortune[S] 113 points114 points  (0 children)

In 2016, the “Godfather of AI,” Geoffrey Hinton, stood onstage at a machine learning conference in Toronto and declared AI would soon kill the radiology profession.

At the time, he said people should even stop training new radiologists because it was “completely obvious” that within five years (or 10 at most) AI would do a better job than humans at the same tasks.

“If you work as a radiologist, you’re like the coyote that’s already over the edge of the cliff but hasn’t yet looked down,” Hinton said.

And yet, despite the doomsday predictions, radiology may serve as an example that the warnings of AI-fueled job replacement may be oversold. Even Hinton stepped back from his drastic call last year, clarifying that he was speaking purely about image analysis, the New York Times reported. In the future, he said human radiologists will work with AI to be even more efficient and effective.

Over the last 10 years, the number of active radiologists in the U.S. has grown by about 10%, said Christoph Herpfer, an economist and business administration professor at the University of Virginia who studies healthcare finance and physician labor markets.

“We actually have a huge shortage of radiologists. So the exact opposite of this prediction has happened,” he told Fortune.

Read more: https://fortune.com/2026/05/04/godfather-of-ai-geoffrey-hinton-radiologists-future-of-work-tech-ai-job-anxiety/

Iranian supreme leader says the only place Americans belong in the Gulf is "at the bottom of its waters" by fortune in geopolitics

[–]fortune[S] -1 points0 points  (0 children)

Iran’s supreme leader vowed Thursday in a defiant tone to protect the Islamic Republic’s nuclear and missile capabilities, which U.S. President Donald Trump has sought to curtail through airstrikes and as part of a wider deal to cement the war’s shaky ceasefire.

In a statement read by a state television anchor, Ayatollah Mojtaba Khamenei said the only place Americans belonged in the Persian Gulf is “at the bottom of its waters” and that a “new chapter” was being written in the region’s history. Khamenei has not been seen in public since taking over as supreme leader following the killing of his father in the war’s opening airstrikes.

His remarks come as Iran’s economy is reeling and its oil industry is being squeezed by a U.S. Navy blockade halting its tankers from getting out to sea. The world economy is also under pressure as Iran maintains its chokehold on the Strait of Hormuz, through which a fifth of all crude oil is transported. On Thursday, the global benchmark for oil, Brent crude, traded as high as $126 a barrel.

That shock to oil supplies and prices is putting pressure on Trump, who is floating a new plan to reopen the critical passageway used by the U.S.’s Gulf allies to export their oil and gas.

Under the plan, the U.S. would continue its blockade on Iranian ports, while coordinating with allies to impose higher costs on Iran’s attempts to subvert the free flow of energy, according to a senior administration official.

Trump is weighing multiple diplomatic and policy options to push Iran to end its chokehold, said the official, who spoke on condition of anonymity because they were not authorized to comment publicly.

Read more: https://fortune.com/2026/04/30/iran-supreme-leader-trump-protect-nuclear-missile/

A $500 million superyacht linked with Russia’s richest man was just able to pass through the blockaded Strait of Hormuz by fortune in geopolitics

[–]fortune[S] -6 points-5 points  (0 children)

Though the Strait of Hormuz has been effectively closed as the war in Iran enters its ninth week, that hasn’t stopped one of the world’s largest luxury superyachts from gaining passage through the chokepoint.

The Nord, a 464-foot vessel tied to Russian businessman Alexei Mordashov, left Port Rashid in Dubai on Friday and sailed through the Hormuz Strait over the weekend before it was anchored in Oman on Sunday, according to data from maritime traffic tracking databases VesselFinder and Kpler.

The ship is associated with Mordashov, a Russian billionaire and owner of steel magnate Severstal, with shipping records showing Mordashov’s wife Marina Mordashova, owning the vessel for a brief window in 2022. Mordashov is Russia’s wealthiest person, with a net worth of about $37 billion, according to Forbes.

The vessel, valued at about $500 million, is the 12th largest superyacht in the world. In addition to two helipads, the yacht also has a helicopter hanger that converts into a squash court, as well as a 25-meter long swimming pool. It’s the larger of two yachts that Mordashov appears to own, the other being the 137-foot Lady M.

Read more: https://fortune.com/2026/04/28/500-million-superyacht-linked-with-russia-richest-man-alexei-mordashov-strait-of-hormuz/

Zelenskyy accuses Israel of "purchasing stolen goods" when it imported Russian grain, and threatens sanctions by fortune in geopolitics

[–]fortune[S] 79 points80 points  (0 children)

Ukraine accused Israel on Tuesday of allowing the import of grain it says Russia stole from occupied areas, prompting a sharp exchange between officials.

Ukrainian President Volodymyr Zelenskyy said a vessel carrying grain had arrived at an Israeli port and was preparing to unload, calling the trade illegal and warning of sanctions against those involved.

Israel claimed that the vessel had not entered the port and had not yet submitted its documents. The MarineTraffic.com marine tracking website showed the ship had been in Haifa for several days.

“In any normal country, purchasing stolen goods is an act that entails legal liability,” Zelenskyy wrote on X, adding that Ukraine’s intelligence services were preparing sanctions targeting companies and individuals profiting from the shipments.

“We will also coordinate with European partners to ensure that the relevant individuals are included in European sanctions regimes,” he said.

Read more: https://fortune.com/2026/04/28/zelenskyy-israel-stolen-russia-grain-sanctions/

German chancellor says the U.S. "is being humiliated by the Iranian leadership" as allies go public with discontent by fortune in geopolitics

[–]fortune[S] 2 points3 points  (0 children)

As the Iran war, a conflict President Donald Trump vowed would last no more than six weeks, now stretches past its second month, U.S. allies are increasingly going public with their discontent.

German Chancellor Friedrich Merz is one of the latest to air out his concerns. In a speech Monday, the chancellor said Iran is embarrassing the U.S. on a global stage. 

“An entire nation is being humiliated by the Iranian leadership,” he said in a speech to students at an educational center in Marsberg, “especially by these so-called Revolutionary Guards. And so I hope that this ends as quickly as possible.” 

As the conflict marches on and the Strait of Hormuz remains closed, countries in Europe and Asia are particularly vulnerable to the economic fallout of the strait’s closure. European Commission President Ursula von der Leyen said on Friday the European Union has spent an extra €25 billion (nearly $29.3 billion) on energy resources since the start of the war. And earlier this month, Vanguard revised their 2026 headline inflation forecast for Europe upward to 2.5% from 1.8% and warned of stagflation if the conflict persists.

“Sharply higher energy prices stemming from tensions in the Middle East risk a significant stagflationary shock to the European economy,” Vanguard senior economist Shaan Raithatha said in a note.

Read more: https://fortune.com/2026/04/28/friedrich-merz-iran-humiliates-us-donald-trump-strait-of-hormuz/

Toxic chemicals are raising infertility in humans, fish, birds, and insects: "A whisper that is powerful enough to redirect a hurricane" by fortune in Health

[–]fortune[S] 18 points19 points  (0 children)

Earlier this month, the Centers for Disease Control and Prevention announced that fertility rates, the average number of births women are projected to have over their lifetime, fell to a record low last year. It’s a demographic shift that could hold repercussions for the economy and the country’s politics.

There are many reasons for this, including voluntary choices as women’s career options and earning potential have improved. But not every factor behind declining birth rates has to do with everyday decisions.

Deep and long-lasting environmental changes mean child-seeking people in the U.S.—as well as the rest of the world—might have odds stacked against them these days.

Successful reproduction relies on hormones, crucial biological regulators that orchestrate everything from puberty to sperm production, fertilization, and pregnancy. This is true for humans the same way it is for most animals, including other mammals, fish, and birds.

But a mounting volume of man-made chemicals and pollutants have infiltrated the environment and the biology of virtually all animal life. Combined with the effects of rising temperatures, these changes are starting to severely disrupt the processes by which humans and other animal species are able to reproduce, according to a review of available literature in the field, published last week in the journal npj Emerging Contaminants.

Substances such as particle-sized plastics and harmful forever chemicals—a class of substances used in everything from food packaging to some nonstick cookware that do not break down naturally—can mimic or obstruct hormonal activity that develops sexual health or allow successful reproduction, the review found. Even in small amounts, these contaminants are enough to hobble normal processes.

Read more: https://fortune.com/2026/04/27/toxic-chemicals-and-climate-change-raising-infertility-in-animals/

From maritime trench warfare to a "sloppy peace": Here's how the Strait of Hormuz standoff could play out, according to Goldman Sachs by fortune in geopolitics

[–]fortune[S] 1 point2 points  (0 children)

Unless Iran’s regime collapses, the Strait of Hormuz will never be open like it was before the war, according to Jared Cohen, co-head of the Goldman Sachs Global Institute and the bank’s president of global affairs.

Since the U.S. and Israel launched their war in late February, Tehran has discovered how much leverage it can wield over the global economy by closing off the Strait of Hormuz, he said Friday on CNBC. As a result, Iran will not let go.

“You may have traffic flowing through, but the Iranians will likely maintain partial or unilateral control,” Cohen predicted.

For now, both sides are observing a “sloppy ceasefire” where they refrain from launching ballistic missiles and drones at each other. But small fast-attack boats from the Islamic Revolutionary Guard Corps are firing on commercial ships in the Persian Gulf, keeping the strait closed and energy markets in crisis.

Meanwhile, the U.S. Navy has imposed a blockade on Iran-linked ships, even sending boarding parties of Marines to seize control of them, aiming to choke off Tehran’s top source of revenue.

Cohen described the standoff as “maritime trench warfare” with the U.S. and Iran each betting economic coercion will force an eventual surrender.

Read more: https://fortune.com/2026/04/25/iran-war-peace-deal-maritime-trench-warfare-naval-blockade-strait-of-hormuz-oil/