Forbes Daily Briefing

Trump is clawing back $4 billion, but new CEO Ian Choudri has a host of ideas — including leasing land for data centers to bring in more revenue — to pay for the costly project. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 15 August 2025

Low-Earth orbit has become a battleground for companies and militaries. Apex Technology wants to provide standardized satellites for all of them. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 14 August 2025

The lord of the Octagon reveals why he wanted David Ellison’s muscle behind his MMA giant, why pay-per-view events no longer work, and what a potential UFC fight at the White House would look like on CBS. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 13 August 2025

Hedge fund trader James Litinsky turned a $20 million distressed bonds bet into a billion-dollar mining fortune—with a little help from Uncle Sam and the Chinese. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 12 August 2025

Indian immigrants Gurmer and Dashmeet Chopra started their careers reselling phone cases on eBay. Today, their fitness-inspired streetwear brand sells out every two weeks online—and is about to launch its first store. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 11 August 2025

Why NASA administrator Sean Duffy’s atomic directives are not that outlandish. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 10 August 2025

Five of America’s top philanthropists are teaming up for a new venture aimed at helping low-income Americans rise from poverty. An AI giant has signed on to help. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 9 August 2025

A string of big deals gives Scott Boras up to $244 million in commissions, but the entire top 20 is swinging for the fences, with a combined $32 billion in contracts under management. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 8 August 2025

Daniella Pierson has cozied up to everyone from Diane von Furstenberg to Selena Gomez, burnishing her image as her businesses unraveled. A case study in how hubris is bad for business. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 8 August 2025

Gerry Cardinale’s firm RedBird Capital Partners is investing $1.8 billion toward Skydance’s $8 billion deal. Here’s how the tycoon became a billionaire—and how he may wield his influence at the new-look Paramount. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 7 August 2025

First Vlad Tenev blew up the brokerage industry’s fee model. Now, thanks in part to his full-on crypto embrace, he has increased his fortune sixfold to $6 billion as he embarks on a global financial services takeover with tokenized stocks, AI-powered investing and a bid to own the rails of the looming $124 trillion generational wealth transfer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 6 August 2025

Booming tech stocks lifted the fortunes of eight of the world’s top 10 wealthiest. Nvidia’s Jensen Huang hit a high mark. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 5 August 2025

The cult canned iced tea and vodka beverage, led by Clement Pappas and Matt Quigley, could bring in $300 million this year—in the golden age of ready-to-drink cocktails. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 4 August 2025

Now 58, the Oscar-winning actress is taking on her most important role yet—championing women’s health. It’s a mission of both advocacy and entrepreneurship that began when her own perimenopause was misdiagnosed as herpes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 3 August 2025

Before he helped run Truth Social, Chris Pavlovski owned porn domains. Now, he’s allied with a political movement that wants to ban pornography. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 2 August 2025

Figma CEO Dylan Field slashed its valuation in half in early 2023 and offered staff buyouts after antitrust pressure killed its $20 billion takeover by Adobe. On Thursday, Figma went public on the New York Stock Exchange and is now worth nearly the same amount that Adobe had offered. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 1 August 2025

The Mexican Coke has been made with cane sugar for years, but could the new Coca-Cola product in the U.S. be better? See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 31 July 2025

David Ellison, son of software centi-billionaire Larry Ellison, nurtured a relationship with Paramount over the past 15 years as a movie producer. His father’s fortune and political status also scored points. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 31 July 2025

Where does the president go when he travels? Usually to the places where the Trump Organization makes money. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 30 July 2025

After signing a new $1.5 billion deal with Paramount, Trey Parker and Matt Stone are part of Hollywood’s most elite club. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 29 July 2025

“I like controlling my own future,” says the former Florida state legislator turned homebuilding mogul. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 28 July 2025

Donald Trump wasn’t making much from foreign deals. Then he regained power—and set aside the pretense that he cared about ethics. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 27 July 2025

The convicted sex offender was worth nearly $600 million at his death, thanks mostly to two wealthy billionaire clients—plus generous tax breaks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 26 July 2025

When it comes to government-backed small business loans, a little known $14 billion tech-focused bank in North Carolina called Live Oak dominates. Unfortunately Wall Street pays it no respect. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 25 July 2025

Stockholm-based Lovable has hit over $100 million in annualized revenue in just eight months by using AI to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 24 July 2025

Michelle Xia gained experience at U.S. pharmaceutical firms before launching her own biotech company back home in China. In a trial last year, the firm’s cancer drug outperformed the world’s best seller–and its surging stock just made her a billionaire. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 23 July 2025

Since he became the sole leader of his family’s candy maker in 2015, executive chairman Giovanni Ferrero has expanded beyond well-known brands like Nutella and built a global powerhouse—especially through big acquisitions in the U.S. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 22 July 2025

Bedrock Robotics, led by a veteran of Alphabet Inc.’s autonomous tech unit, is emerging from stealth with $80 million and plans to make heavy construction equipment work around-the-clock without human operators. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 21 July 2025

Ramaco, a coal company, has started excavating its new Wyoming critical minerals find. CEO Randy Atkins doesn’t want the Pentagon’s money, but he does want a U.S. strategic reserve. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 20 July 2025

Since the rise of generative AI, many have feared the toll it would take on the livelihood of human workers. Now CEOs are admitting AI’s impact and layoffs are starting to ramp up. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 19 July 2025

The Ohio mogul, who built up retail giants like Abercrombie & Fitch and The Limited, has become one of the biggest (and most unlikely) winners of the AI gold rush. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 18 July 2025

Daniel Nadler started OpenEvidence to help physicians sort through a deluge of medical research. Now, he’s raised $210 million at a $3.5 billion valuation. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 17 July 2025

A record 125 foreign-born U.S. citizens are billionaires living in the United States. They hail from 41 countries but became rich in America. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 16 July 2025

The months since President Donald Trump’s April “Liberation Day” tariff announcement have been defined by constant reversals, with Trump’s decision to extend his tariff pause until August just the latest in a long string of about-faces. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 15 July 2025

Here’s what’s been proposed—and why it never happens. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 14 July 2025

The company has avoided major legal problems for fatal accidents involving its partially automated Autopilot and FSD features. A fully autonomous ride service changes that.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 13 July 2025

Gail Federici sold her first company, John Frieda Hair Care, in 2002. She’s more than doubled her fortune building a second brand, Color Wow, which is now eyeing a $1 billion sale. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 12 July 2025

New drugs take too long to get to market because of clinical trial bottlenecks. Two cancer doctors built AI-enabled tech to speed up the process. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 11 July 2025

Will Somerindyke founded a military supply chain and logistics company called Regulus Global a decade ago. Now, he’s raising hundreds of millions for a new defense tech play — and Regulus is the first customer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 10 July 2025

Childhood friends Xavier Aguera, Charles Brun and Quentin Couturier started selling chic, inexpensive reading glasses in banks fifteen years ago. Today, Izipizi is in 85 countries, brings in $60 million a year, and is finally ready to conquer America. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 9 July 2025

Paylocity founder Steve Sarowitz built a charitable foundation around the values of Baháʼí, a little-known faith from Persia. The organization funded hundreds of nonprofits until it suddenly announced its closure in May amid ongoing legal drama and frightening threats. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 8 July 2025

Lauren Leichtman spent four decades building a super successful private equity firm with her husband. Now the couple is bringing their experience to the San Diego Wave pro soccer team. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 7 July 2025

What began as a $1.1 billion acquisition by Hyundai of Boston Dynamics has grown into a national robotics ambition. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 6 July 2025

By signing Cooper Flagg, Shohei Ohtani, Coco Gauff and other young superstars, the 119-year-old sneaker and apparel brand is on a mission to redefine its place in the sports hierarchy. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 5 July 2025

One billionaire rode the AI boom back onto Forbes’ ranking of the world’s 10 richest people knocking out one of Europe’s richest fashion moguls. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 4 July 2025

The One Big Beautiful Bill will kill wind and solar power tax credits—and pit humans against AI in a battle for scarce electricity. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 3 July 2025

Mercedes, IWC, Expensify and other brands paid millions to sponsor a fictional Formula 1 team in Apple’s new F1 movie, which blurs the line between cinema and commerce—and could shape the future of both. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 2 July 2025

The lavish, celebrity-packed affair in Venice, replete with private water-taxis, three-Michelin-star catering and Murano glass gifts for guests, was over the top, but far from the most expensive billionaire wedding on record. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 1 July 2025

Zohran Mamdani won over New York City voters by promising to make the city more affordable with a rent freeze and free services funded in part with an added tax on the rich. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 30 June 2025

The FAA is a mess. Annexing our neighbors to the north, as Trump favors, looks like a longshot. But we could adopt its privatized air traffic control system. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcribed - Published: 29 June 2025