Fortune
Adobe CEO Shantanu Narayen is stepping down after 18 years—as pressure on the company mounts to deliver on AI
Adobe's longtime CEO Shantanu Narayen is stepping down after 18 years at the helm, marking a major leadership transition at one of Silicon Valley's most established software giants. The departure comes as Adobe posted record AI-driven revenue growth and beat Q1 earnings estimates, signaling the company is gaining traction but faces mounting pressure to prove AI is a durable growth engine. Whoever takes the reins will inherit both the momentum and the scrutiny.
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Oil pushes above $100 as Strait of Hormuz crisis intensifies
Brent crude surged past $100 a barrel for the first time since 2022 as tensions in the Strait of Hormuz escalate into a full-blown energy crisis. Iran's new leadership has doubled down on keeping the strategic waterway closed, threatening supplies from a chokepoint that handles roughly a fifth of the world's oil. The move sends shockwaves through global markets already strained by tight inventories and fragile supply chains.
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Fortune
Google and Tesla know electricity is expensive. They’re teaming up to bring you an alternative.
A new coalition including Google and Tesla is pushing to modernize electricity grid operations through closer collaboration with regulators and lawmakers. The effort comes as soaring energy costs squeeze consumers and businesses alike, making grid efficiency a pressing economic issue. If successful, the initiative could reshape how power is distributed and priced across the country.
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