Fortune | FORTUNE Fortune 500 Daily & Breaking Business News
- It’s ‘kind of jarring’: AI labs like Meta, Deepseek, and Xai earned some of the worst grades possible on an existential safety indexby Patrick Kulp, Tech Brew on 5 December 2025 at 22:18
Anthropic, OpenAI, and Google DeepMind took the top three spots with an overall grade of C+ or C.
- U.S. consumers are so financially strained they put more than $1 billion on buy-now, pay later services during Black Friday and Cyber Mondayby Jeena Sharma, Retail Brew on 5 December 2025 at 21:59
BNPL made up for more than 7.2% of total online sales on Cyber Monday.
- Musk’s SpaceX discusses record valuation, IPO as soon as 2026by Edward Ludlow, Loren Grush, Lizette Chapman, Eric Johnson, Bloomberg on 5 December 2025 at 21:59
The transaction would value Elon Musk’s startup at a valuation higher than OpenAI’s record-setting $500 billion, people familiar with the matter said.
- The rise of AI reasoning models comes with a big energy tradeoffby Rachel Metz, Dina Bass, Bloomberg on 5 December 2025 at 21:56
AI reasoning models used 30 times more power on average to respond to 1,000 written prompts than alternatives without it, a new study finds.
- Hollywood writers say Warner takeover ‘must be blocked’by Thomas Buckley, Bloomberg on 5 December 2025 at 21:50
“The world’s largest streaming company swallowing one of its biggest competitors is what antitrust laws were designed to prevent,” the WGA said.
- Netflix–Warner Bros. deal sets up $72 billion antitrust testby Josh Sisco, Samuel Stolton, Kelcee Griffis, Bloomberg on 5 December 2025 at 21:46
The company faces a lengthy DOJ review and a possible lawsuit seeking to block the deal if it doesn’t adopt some remedies to get it cleared, analysts said.
- ‘This is a bad idea made worse’: Senate Dems’ plan to fix Obamacare premiums adds nearly $300 billion to deficit, CRFB saysby Nick Lichtenberg on 5 December 2025 at 21:43
The plan to protect Obamacare would cost nearly $550 billion over 10 years if it were made permanent, the budget watchdog said.
- Trump calls affordability a ‘Democrat scam’ and ‘con job’—but nearly three-quarters of his voters think cost of living is bad or the worst everby Jason Ma on 5 December 2025 at 20:51
A Politico poll found that 37% of Americans who voted for Trump in 2024 believe the cost of living is the worst they can ever remember.
- Top analyst says Netflix’s $72 billion bet on Warner Bros. isn’t about the ‘death of Hollywood’ at all. It’s really about Googleby Nick Lichtenberg on 5 December 2025 at 19:17
“If I were Netflix,” S&P Global’s Melissa Otto told Fortune, “I would want to build a moat around my business.”
- Elon Musk says Tesla owners will soon be able to text while driving, despite it being illegal in nearly all 50 statesby Sasha Rogelberg on 5 December 2025 at 18:57
Safety experts say sending texts behind the wheel of a full self-driving Tesla would completely undermine the automated features the vehicle has in place.
Latest News Latest News
- A New AI Assistant Steps In To Guide India’s Building Industryon 6 December 2025 at 06:13
.
- Boost in bilateral ties, more Indian students could head to Russiaon 6 December 2025 at 06:07
Lower costs, better post-study options and easier entry to medical and engineering programmes may lead to a significant rise in Indian students choosing to study in Russia in the coming months
- Netflix’s Warner Bros. takeover sets up $72 billion antitrust teston 6 December 2025 at 06:06
By choosing Netflix, Warner Bros. has jilted another bidder, Paramount Skydance Corp., a move that risks touching off a political battle in Washington
- SpaceX to offer insider shares at record-setting valuation of up to $800 bnon 6 December 2025 at 05:41
The latest figure would be a substantial increase from the $212 a share set in July, when the company raised money and sold shares at a valuation of $400 billion
- India vs South Africa head-to-head stats in One Day International cricketon 6 December 2025 at 05:33
India leads South Africa 3-2 in their last five One-Day International meetings
- Netflix-Warner deal threatens cinema, ‘must be blocked’: Hollywood writerson 6 December 2025 at 04:47
The worries raised by the movie and TV industry’s biggest trade groups come against the backdrop of falling movie and TV production, slack ticket sales and steep job cuts in Hollywood
- IndiGo flight cancellations: Key updates as airline works to resume opson 6 December 2025 at 04:43
After a week of disruptions, Indigo says operations are gradually stabilising and cancellations may drop below 1,000 today; passengers have been offered full waiver on cancellations and rescheduling
- Netflix’s $5.8 billion breakup fee for Warner ranks among largest everon 6 December 2025 at 04:36
Netflix’s multibillion-dollar pledge is also a sign of how heated the bidding war got for control of the iconic Hollywood studio
- The failed Marshal Doctrine: Pak’s most ‘creative’ military dictatorshipon 6 December 2025 at 04:00
In the exact period that Gen Munir has been consolidating power, his counterparts in Sri Lanka, Bangladesh and Nepal have eschewed it with remarkable dignity and professionalism
- Delhi’s air quality remains ‘very poor’, temperature drop adds to woeson 6 December 2025 at 03:26
Delhi-NCR continues to be under dense smog with 35 of 39 monitoring stations recording ‘very poor’ AQI. Temperatures have also hit the lowest so far this year
- Putin’s India visit ‘result of Trump’s gross incompetence’: Ex-US officialon 6 December 2025 at 02:51
Michael Rubin further said that the US is being “hypocritical” by “lecturing” India on its purchase of discounted oil from Russia, as Washington itself is involved in trade with Moscow
- Trump admin recalls education dept workers to tackle civil rights backlogon 6 December 2025 at 02:50
The Trump administration is bringing back dozens of Education Department staffers who were slated to be laid off, saying their help is needed to tackle a mounting backlog of discrimination complaints from students and families. The staffers had been on administrative leave while the department faced lawsuits challenging layoffs in the agency’s Office for Civil Rights, which investigates possible discrimination in the nation’s schools and colleges. But in a Friday letter, department officials ordered the workers back to duty starting Dec. 15 to help clear civil rights cases. A department spokesperson confirmed the move, saying the government still hoped to lay off the staffers to shrink the size of the department. “The Department will continue to appeal the persistent and unceasing litigation disputes concerning the Reductions in Force, but in the meantime, it will utilize all employees currently being compensated by American taxpayers,” Julie Hartman said in a statement. In the let
- US judge questions Trump’s authority over California National Guard troopson 6 December 2025 at 02:45
A federal judge on Friday sharply questioned the Trump administration’s authority and need to maintain command of California National Guard troops it first deployed to Los Angeles in June following violent protests. At a hearing in San Francisco, US District Judge Charles Breyer suggested conditions in Los Angeles had changed since the initial deployment, and he questioned whether the administration could control state Guard troops forever under its interpretation of federal law. “No crisis lasts forever,” he said. “I think experience teaches us that crises come and crises go. That’s the way it works.” He pressed an attorney for the government for any evidence that state authorities were either unable or unwilling to help keep federal personnel and property in the area safe and noted President Donald Trump had access to tens of thousands of active duty troops in California. California officials have asked Breyer to issue a preliminary injunction returning control of remaining …
- US Border Patrol imposes $5,000 fee on illegal US border crosserson 6 December 2025 at 02:39
The fee was approved by Congress under President Donald Trump’s One Big Beautiful Bill Act, which included billions of dollars for immigration enforcement
- Foreign student spending in US falls record 5.3% on visa crackdownon 6 December 2025 at 02:33
The 5.3 per cent decline – amounting to about $3 billion at a seasonally adjusted annual rate – follows a crackdown by the Trump administration on visas for foreign students
- Frank Gehry, the most celebrated architect of his time, passes away at 96on 6 December 2025 at 02:31
Frank Gehry, who designed some of most imaginative buildings ever constructed and achieved a level of worldwide acclaim seldom afforded any architect, has died. He was 96. Gehry died Friday in his home in Santa Monica after a brief respiratory illness, said Meaghan Lloyd, chief of staff at Gehry Partners LLP. Gehry’s fascination with modern pop art led to the creation of some of the most striking buildings ever constructed. Among his many masterpieces are the Guggenheim Museum in Bilbao, Spain; The Walt Disney Concert Hall in Los Angeles and Berlin’s DZ Bank Building. He also designed an expansion of Facebook’s Northern California headquarters at the insistence of the company’s CEO, Mark Zuckerberg. Gehry was awarded every major prize architecture has to offer, including the field’s top honour, the Pritzker Prize, for what has been described as refreshingly original and totally American work. Other honours include the Royal Institute of British Architects gold medal, the Americans
- Russia’s vital oil trade with India falls for now, but is far from overon 6 December 2025 at 02:23
By contrast, oil cargoes arriving in India from Russia next month could fall as far as 600,000 barrels a day, the weakest level since early 2022
- Bolsonaro’s son to run for Brazil presidency in 2026 after father’s jailingon 6 December 2025 at 02:15
Brazilian Senetor Flvio Bolsonaro, the eldest son of former President Jair Bolsonaro, said Friday that his father decided he should represent their political group and run for president in 2026. Bolsonaro was arrested last month and began serving a 27-year prison sentence after being convicted of attempting a coup. The far right leader has already been barred from running for office until 2030 as part of a separate process against him. “It is with great responsibility that I confirm the decision of Brazil’s greatest political and moral leader, Jair Messias Bolsonaro, to entrust me with the mission of continuing our national project,” Flvio Bolsonaro wrote on X. The office of Sen. Bolsonaro confirmed to The Associated Press that he will challenge President Luiz Incio Lula da Silva, who is running for a fourth nonconsecutive term, as the candidate of Bolsonaro’s Liberal Party. The office also said Flvio Bolsonaro visited his father in prison on Tuesday. Flvio Bolsonaro was elected ..
- President Putin invites PM Modi to Russia in 2026 for next annual summiton 6 December 2025 at 02:14
As per the Joint Statement issued after the 23rd India-Russia Annual Summit, the two Leaders welcomed the opening of two Consulates General of India in Yekaterinburg and Kazan
- Gold price climbs ₹10 to ₹1,29,940; silver falls ₹100, trades at ₹1,86,900on 6 December 2025 at 02:02
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,19,110
- US, Ukraine officials report progress on creating postwar security planon 6 December 2025 at 01:59
President Donald Trump’s advisers and Ukrainian officials said Friday they’ll meet for a third day of talks after making progress on creating a security framework for postwar Ukraine and are urging Russia to commit to peace. The officials, who met for a second day in Florida on Friday, issued a joint statement that offered broad brushstrokes about the progress they say that’s been made as Trump pushes Kyiv and Moscow to agree to a US-mediated proposal to end nearly four years of war. “Both parties agreed that real progress toward any agreement depends on Russia’s readiness to show serious commitment to long-term peace, including steps toward de-escalation and cessation of killings,” the statement said. “Parties also separately reviewed the future prosperity agenda which aims to support Ukraine’s post-war reconstruction, joint USUkraine economic initiatives, and long-term recovery projects.” US special envoy Steve Witkoff and Trump’s son-in-law Jared Kushner’s talks in Florida with
- International body to govern Gaza to be announced by end of year: Officialson 6 December 2025 at 01:48
An international body tasked with governing the Gaza Strip under the next phase of the US-brokered ceasefire is expected to be announced by the end of the year, an Arab official and a Western diplomat said Friday. According to the ceasefire agreement, the authority known as the Board of Peace and chaired by US President Donald Trump is to oversee Gaza’s reconstruction under a two-year, renewable UN mandate. It will include about a dozen other Middle Eastern and Western leaders, the Arab official and the Western diplomat told The Associated Press, speaking on condition of anonymity because they were not authorized to speak on the matter. Also to be announced is a committee of Palestinian technocrats who will run the day-to-day administration of post-war Gaza, they two said. The Western diplomat, who spoke to the AP over the phone from Cairo, said the announcement about this will likely happen when Trump and Israeli Prime Minister Benjamin Netanyahu meet later this month. The …
- ICICI Prudential AMC to launch IPO on Dec 12 as Prudential sells 10% stakeon 6 December 2025 at 01:46
Prudential will sell up to 49 million shares in the IPO, compared with an earlier plan of 17.7 million shares, ICICI Prudential said in a filing late on Friday
- US Supreme Court to hear challenge to Trump’s birthright citizenship orderon 6 December 2025 at 01:43
The Supreme Court agreed on Friday to take up the constitutionality of President Donald Trump’s order on birthright citizenship declaring that children born to parents who are in the United States illegally or temporarily are not American citizens. The justices will hear Trump’s appeal of a lower-court ruling that struck down the citizenship restrictions. They have not taken effect anywhere in the country. The case will be argued in the spring. A definitive ruling is expected by early summer. The birthright citizenship order, which Trump signed on January 20, the first day of his second term, is part of his Republican administration’s broad immigration crackdown. Other actions include immigration enforcement surges in several cities and the first peacetime invocation of the 18th-century Alien Enemies Act. The administration is facing multiple court challenges, and the high court has sent mixed signals in emergency orders it has issued. The justices effectively stopped the use of th
- Centre releases over ₹68,000 crore to states under Mgnrega in FY26on 6 December 2025 at 01:35
The Centre has released Rs 68,393.67 crore to states and Union Territories so far under the flagship rural employment scheme MGNREGA, Minister of State for Rural Development Kamlesh Paswan said on Friday. In a written reply in the Rajya Sabha, the minister said Rs 57,853.62 crore has been released for the wage component by November 26 and Rs 10,540.05 crore for the material and admin components. The MGNREGA budget for the financial year 2025-26 was Rs 86,000 crore. The MoS also informed the House that pending liabilities for wage, material and admin components under the scheme by November 26 were Rs 10,127.58 crore. This includes Rs 1,687.27 crore under the wage component, Rs 8,008.48 crore for the material component and Rs 431.83 crore for the admin component. Among states, Andhra Pradesh has a pending wage liability of Rs 381.02 crore, material liability of Rs 530.45 crore and Rs 27.51 crore under the admin component. Besides, Rs 248.42 crore is pending under the wage component f
- White House creates media ‘hall of shame’ in fresh attack on news outletson 6 December 2025 at 01:21
President Donald Trump’s White House is taking on the role of media critic and asking for help from everyday Americans.” The White House launched a web portal it says will spotlight bias on the part of news outlets, targeting the Boston Globe, CBS News, The Independent and The Washington Post in its first two media offenders of the week. It’s the latest wrinkle in the fight against what Trump, back in his first term, labelled fake news. The Republican president has taken outlets like CBS News and The Wall Street Journal to court over their coverage, is fighting The Associated Press in court over media access and has moved to dismantle government-run outlets like Voice of America. Trump has also engaged in personal attacks, last month alone saying quiet, piggy, to a female reporter who was questioning him on Air Force One, calling a reporter from The New York Times ugly, both inside and out and publicly telling an ABC News journalist she was “a terrible reporter. It’s honestly …
- DRDO hands over seven indigenous defence technologies to armed forceson 6 December 2025 at 01:09
From a long-life seawater battery system for sustained underwater sensing and surveillance applications to a waterjet propulsion system for fast interceptor craft, the DRDO has handed over seven technologies to the armed forces, the government said on Friday. These technologies have been developed under the Technology Development Fund (TDF) scheme, the defence ministry said. “Defence Research and Development Organisation (DRDO) has handed over seven technologies developed under the Technology Development Fund (TDF) scheme to the three Services,” it said in a statement. “The technologies are — an indigenous high-voltage power supply for airborne self-protection jammers, a tide-efficient gangway for naval jetties, advanced very low frequency-high frequency switching matrix systems, VLF loop aerials for underwater platforms, indigenous waterjet propulsion system for fast interceptor craft, a novel process for recovery of lithium precursors from used lithium-ion batteries and a long-li
- Best of BS Opinion: Figuring out where sensibility ends and folly beginson 6 December 2025 at 00:45
Here are the best of Business Standard’s opinion pieces for today
- We expect deposit rates to moderate after this rate cut, says RBIon 5 December 2025 at 18:35
RBI Governor Sanjay Malhotra said inflation remains benign and policy remains neutral, adding that future rate moves will depend on data and effective transmission
- India cautions lenders on financing new solar module units amid oversupplyon 5 December 2025 at 18:34
Several Indian companies have expanded solar module capacity over the past three years, targeting exports to the United States









