Forbes Daily Briefing

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.

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.

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.

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.

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.

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.

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.

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.

Duke's freshman phenom went No. 1 and can earn nearly $14 million next season—not including endorsements. It could be the beginning of a billion-dollar career for the 18-year-old. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Alphabet Inc. unit entered its fifth major city on Tuesday, operating robotaxis in a partnership with Uber in a 65-square-mile portion of the Georgia capital. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The borders between Creators and showbiz are blurring. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Four formerly broke, high school dropouts including a onetime standup comedian and line cook, rapper Drake and the son of an oil billionaire are all winners in Dave's sale to Roark Capital. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

At age 33, Liu Jingkang has earned a fortune of $2.7 billion by selling 360-degree action cameras. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Over nearly 50 years, Donald Trump expanded his father's real-estate empire into a $2.5 billion fortune. Then, in less than five years, he created a crypto kingdom worth even more. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The 76-year-old Christy Walton has aligned herself with “No Kings,” an organization planning mass protests across the country this Saturday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

On top of tariffs and the likely loss of electric vehicle tax credits, Musk's war with the once-friendly Trump Administration could create big problems for Tesla. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

After more than a decade as an actor, the 31-year-old White Lotus star is finally having his day in the Hollywood sun. But acting isn't the only thing on his mind—lucrative investments and a growing protein bar company are keeping his plate plenty full. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Michigan is sitting on a motherlode of potash and Ted Pagano is using $1.3 billion in government funds to mine it and grab market share away from Canada and Russia. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

After years of booming entrepreneurship, the market is softening for celebrity-backed companies. But eye-watering earnings continue to roll in for the biggest female movie, TV and pop stars in the country. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Streamers want him. But Steven Bartlett says he can grow his media empire better than anyone. Now he's taking on the U.S. market to prove it. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Meanwhile, a new consumer sentiment survey finds most people want someone else to run the EV company. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

After a volatile April for U.S. stocks, a guide to which of the world's top ten richest came out ahead–and whose fortunes fell. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Elissa Butterfield spent years of her life responding to Elon Musk's ever-shifting demands. Now she's investing in his companies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Surrounded by loyalists, Donald Trump knows the old rules no longer apply to him. He's taking full advantage, implementing ideas he has held for decades. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

These small businesses were lucky enough to snag deals on Shark Tank. Tariffs will upend their businesses and suddenly they're scrambling to survive. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hamdi Ulukaya has also committed another $500 million to expanding his operation in Idaho—and says he is just getting started. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Elon Musk is dialing down his DOGE role that triggered protests and vandalism at Tesla stores. But its EV business needs a hit product and none is on the horizon. And the company's booming battery business, a Q1 bright spot, will suffer from Trump's tariffs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The defense secretary once claimed the root of diversity, equity and inclusion is a “Marxist philosophy.” His very-capitalist deputy, billionaire Steve Feinberg, happens to be one of its largest funders. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Meet the little-known car dealership billionaire, and potential future politician, who's quietly building an empire with the college football great. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

MP Materials, operator of the Mountain Pass mine in California's Mojave Desert, is ramping up supplies of the critical ingredients and magnets used in autos, electronics and military hardware as China tightens exports. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Going where Elon goes – in politics, and in business – has been Kimbal's modus operandi for decades. And it's made him very rich. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

James Kim's Los Angeles-based cannabis company grew from a scrappy startup in 2017 to a legal unicorn worth $1.5 billion. Allegations of black-market activity and lawsuits be damned—Stiiizy aims to be the Nike of cannabis. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Justine Musk, Elon Musk's first wife and the mother of six of his children, asked for stakes in Tesla and SpaceX when they got divorced. Musk made sure she got no shares. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Every 420, the high holiday for marijuana lovers, is a reason to examine the state of the $32 billion cannabis industry. Here are the pot pioneers blazing a path forward in 2025. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The fast-food juggernaut sold a whole lot of chicken last year, according to financials obtained by Forbes. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Pentagon leaders are calling for thousands of drones to prepare for war in the Pacific. But as Trump's tariffs escalate tensions with China, they face an uncomfortable reality: Silicon Valley's drone companies are addicted to Chinese components. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Despite leaving years ago, Scale AI's 30-year-old cofounder has become the youngest self-made woman billionaire in the world by holding onto her stake in the company. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

More than three decades after Steve Ells opened the first Chipotle, he's the first-ever burrito billionaire. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Elon Musk's polygonal pickup is a polarizing sales flop that's missed the billionaire's volume goal by a staggering 84%. And there's no sign that things are improving. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Justin Sun loves a publicity stunt. But in bailing out Donald Trump's crypto venture—netting the president and his family $400 million—Sun has boosted his efforts to create a global payment system, using his Tron platform, with 300 million users and counting. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

With Elon Musk's attention divided among his many companies, Shotwell has been the constant presence ensuring that the rocket maker delivers on its ambitious plans. She's profiting handsomely, Forbes reveals. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Forbes removed the Kingdom's billionaires from our ranking of the world's wealthiest people in 2018, but they're back now. Here's what happened and why. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Fourteen generations of the Beretta family sold firearms. Here's why the head of the 15th is moving beyond, adding bullets, scopes and even clothing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A Boston-area native and Ivy League soccer player who grew up a Celtics fan, William Chisholm has spent more than two decades working out of the limelight, buying and selling software firms—and making a killing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Distributed Spectrum has developed tiny AI-powered sensors to help the U.S. military locate enemy troops and drones by their radio emissions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

MLB's top 10 earners will haul in $576 million combined this season, led by the sport's first two $100 million men in Mets signing Juan Soto and Dodgers star Shohei Ohtani. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The EV company's sales are tanking in all major markets as its Chinese rivals are surging. But Tesla's problems are just beginning. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The company known for its festive fruit baskets just launched a new website for hemp-derived, THC-infused beverages and gummies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Cybersecurity and Infrastructure Security Agency (CISA) staff tell Forbes they're stunned by the leak, amid calls for heads to roll. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Over the past three years, Gianluigi Aponte's shipping company has spent more than $40 billion investing in everything from ships and ports to hospitals and high-speed rail—and that was before teaming up with BlackRock to buy 43 ports from Hong Kong billionaire Li Ka-Shing's conglomerate. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Lee Shau Kee was among the first generation of entrepreneurs in Hong Kong who started making a fortune from property development between the 60s and 70s. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.