Forbes Daily Briefing
The Forbes Daily Briefing shares the best of Forbes reporting on wealth, business, entrepreneurship, leadership and more. Tune in every day, seven days a week, to hear a new story. The Daily Briefing is edited, produced and hosted by Kieran Meadows.
Episodes
SpaceX Left California. Its IPO Payday Did Not.
Elon Musk loudly quit California after years of attacking its taxes, politics and business climate, moving SpaceX to Texas. Now the biggest fiscal event of his career could hand the state he trashed a giant tax windfall anyway.
That is the awkward punchline hanging over SpaceX’s expected IPO next week. Because while the company’s relocation gave it a new Texas headquarters, it did not move the th
Inside Dana White’s $60 Million Plan To Stage UFC Freedom 250 At The White House
Jimmy Carter hosted an ice skating exhibition at the White House, and George W. Bush once staged a friendly game of T-ball at 1600 Pennsylvania Avenue, but the prospect of mixed martial arts fights on the South Lawn would have never arisen if anyone other than Donald Trump were president and anyone other than Dana White ran the UFC. When Trump, a longtime fan of the fight promotion and steadfast f
How Nabis Became The Amazon Prime Of The Cannabis Industry
In a windowless room in a rented warehouse in Oakland in 2019, Nabis cofounders Vince C. Ning and Jun Sup Lee, a few of their employees and a friend they met at the startup accelerator Y Combinator, Luana Lopes Lara(who would go on to cofound prediction market Kalshi and become one of the world’s youngest self-made billionaires), were counting $2 million in cash by hand.
The money was earmarked
Meet The 25-Year-Old Vying To Become Hollywood’s First AI Movie Mogul
In years past, when a great athlete retired, they typically told their story through a ghost-written memoir or perhaps even a biopic. But Hall of Fame basketball player Carmelo Anthony opted instead for the storytelling medium of the moment, striking a partnership with Utopai Studios, the Silicon Valley-based startup specializing in AI movies and TV shows. The 41-year-old NBA legend will produce A
Why Now Is The Time For James Dolan To Sell A Stake In The Knicks
As New York celebrates the Knicks’ first trip to the NBA finals since 1999, controlling owner James Dolan has earned a newfound respect among the franchise’s notoriously critical fan base. And soon, the 71-year-old billionaire hopes to command the same respect from another tough crowd: stock market investors.
For years, the value of publicly traded Madison Square Garden Sports—the entity through
How The Iran War Oil Shock Is Helping Launch A Market For Electric Tugboats
The next hot electric vehicle may not come with gullwing doors, a self-driving mode or the ability to provide backup power to your home. It may be an 80-foot tugboat, nearly four stories tall, built to pull massive cargo ships around the Port of Long Beach.
That’s the bet Arc is making. The Los Angeles startup, cofounded by software engineer Mitch Lee and former SpaceX rocket designer Ryan Cook,
Trump Signs Highly Anticipated AI Executive Order: Here’s What It Does
President Donald Trump on Tuesday issued an executive order requesting that companies allow federal oversight of new AI models before they are publicly released, marking a reversal in Trump’s policy toward the technology after first signaling a relaxed approach.
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Sarah Guo Bet Everything On AI Pre-ChatGPT. Now She’s One Of The World’s Top Investors
In 2014, Australian entrepreneur Tuhin Srivastava had scored a meeting with Sarah Guo, then the youngest partner at storied VC firm Greylock. He was pitching her on a healthcare startup that used machine learning to analyze a person’s medical history. Guo was impressed — not by the idea, which was “generic,” she says, but by him and his cofounder. Five years later, he tried again, this time with s
How Sluggers Became A Heavy Hitter In Pre-Roll Joints
Ina 12-acre industrial campus in Sacramento across the street from a U.S. Navy recruiting center, Natura grows 80,000 pounds of weed a year inside 18 glass-ceilinged hot houses. Most of the cannabis will eventually be ground up and made into pre-rolled joints, which are infused with hash and dusted with an extra punch of THC, the compound that gets people high.
Every day, Natura produces 40,000
The Top 10 Richest People In The World | June 2026
May was a good month to be a billionaire, as the S&P 500 and Nasdaq climbed by 5% and 8%, respectively, boosting the fortunes of the world’s ten richest people to $2.9 trillion combined as of June 1 at 12 a.m. Eastern time. As a group, they’re $220 billion richer than they were a month ago.
No one had a better May than Larry Ellison, who is back in the top five after adding a staggering $71 billi
Investing Superstar Yasmin Razavi Turned A $75 Million Check Into A $3 Billion AI Windfall
It’s hard to imagine now, but back in 2021 venture capitalists weren’t sold on Anthropic. The mega-AI startup is now valued at $380 billion, but at the time it had no public product, no revenue and was trying to raise hundreds of millions of dollars. “AI was not viewed as this supersexy, exciting thing that you would want to invest in,” says cofounder and president Daniela Amodei, who had been an
The New $800M Fund Shaking Up Silicon Valley Venture Capital
Two former Benchmark investors are pitching something you don’t usually see this soon: a joint, $800 million AI fund—less than a year after each left to raise smaller, founder-led vehicles on their own.
Victor Lazarte left the Silicon Valley fund in July 2025 after backing companies like Mercor, Heygen and Applied Compute in his two-year stretch as a partner. After exiting Benchmark, he quickly r
How Chicken Scion Jim Perdue Broke The Third Generation Curse
Ina sheltered bit of the Chesapeake Bay in front of Jim Perdue’s home in Berlin, Maryland, the scion of America’s most famous chicken family raises clams. Each year he sells about a thousand to local crab shacks. The rest are eaten by the Perdue clan. The clam farm is the last remainder of his dream of striking out on his own and farming seafood, which inspired him, in 1974 at 25, to walk away fro
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