πŸ’Ό Business & Startups

May 12th, 2026

Today's top 3 stories, curated by Daily Direct.

Fortune

Trump is on a charm offensive ahead of President Xi meetingβ€”and he wants Elon Musk and Tim Cook in tow

Trump is pulling out all the stops ahead of his Beijing meetings with Xi Jinping, calling the Chinese president a leader "respected by all" in a notable shift in tone. The former president wants tech titans Elon Musk and Tim Cook alongside him, signaling that business interests will be front and center in the diplomatic push. The move underscores how Trump views corporate heavyweights as leverage in high-stakes geopolitical negotiations.

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Fortune

The China shock hollowed out factory towns. This professor thinks the AI shock is coming for your urban coffee shop

Two decades after Chinese manufacturing competition gutted Rust Belt communities, a new AI vulnerability index warns that the next wave of economic disruption could strike white-collar urban workers with equal force. The research draws a deliberate parallel to the "China shock," a period economists now recognize as far more devastating to American workers than policymakers anticipated. The implication is stark: the country may be sleepwalking into a second major labor crisis with the same misplaced confidence it had the first time.

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Fortune

Nearly 50,000 Lake Tahoe residents have to find a new power source after their energy source looks to redirect lines to data centers

Roughly 49,000 Lake Tahoe residents face losing 75% of their power supply after their energy provider announced plans to redirect lines toward nearby data centers. The move lays bare the growing tension between surging AI and tech infrastructure demand and the needs of existing residential communities. As data center construction accelerates across the region, ordinary households are increasingly finding themselves second in line for critical resources.

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