What's on Your Mind?

As the rise of artificial intelligence continues, companies operating in this space or relying on the technology are finding that they have two inextricable needs: data centers that can run and process the AI, and access to ample energy to power those vast data centers. One new company, Fermi America, aims to offer solutions for both these needs. And this week, Fermi announced its plans for an upcoming initial public offering and dual stock listings. Here’s what you need to know about Fermi America and its planned IPO. What is Fermi America? Fermi America is a very young company. It was only founded this year, just nine months ago in January 2025. The company i…

Electronic gifts are very popular, and in recent years, retailers have been offering significant discounts on smartphones, e-readers, and other electronics labeled as “pre-owned.” Research I have co-led finds that these pre-owned options are becoming increasingly viable, thanks in part to laws and policies that encourage recycling and reuse of devices that might previously have been thrown away. Amazon, Walmart, and Best Buy have dedicated pages on their websites for pre-owned devices. Manufacturers like Apple and Dell, as well as mobile service providers like AT&T and Verizon, offer their own options for customers to buy used items. Their sales rely on the availa…

I recently had an unsettling rideshare experience. Let me paint a visual picture. You have a Tesla doing its self-driving thing, a guy just sitting in the driver’s seat “supervising,” and a terrified human (me) in the backseat looking on in horror. Finally, I said, “Please keep your hands on the wheel when you’re driving me, OK?” Tesla’s autonomous functionality might be safe, but I don’t have enough trust yet to allow a Tesla to get me from Point A to Point B without a human steering it. There’s a parallel between self-driving cars and the current perceptions of AI and agents. You might be comfortable letting one of these automobiles make a simple right-hand …

In 2026 (and beyond) the best benchmark for large language models won’t be MMLU or AgentBench or GAIA. It will be trust—something AI will have to rebuild before it can be broadly useful and valuable to both consumers and businesses. Researchers identify several different kinds of AI trust. In people who use chatbots as companions or confidants, they measure a feeling that the AI is benevolent or has integrity. In people who use AI for productivity or business, they measure something called “competence trust,” or the belief that the AI is accurate and doesn’t hallucinate facts. I’ll focus on that second kind. Competence trust can grow or shrink. An AI tool user, qu…

Check your medicine cabinet: A major pharmaceutical company has just recalled nearly 600,000 bottles of a blood pressure medication due to the potential presence of a potentially cancer-causing chemical. According to three different recall notices shared by the FDA, the New Jersey-based drugmaker Teva Pharmaceuticals USA has voluntarily recalled several lots of the blood pressure medication prazosin hydrochloride. Here’s what to know: What happened? According to the FDA’s reports, about 590,000 bottles of prazosin hydrochloride have been recalled due to “presence of N-nitroso Prazosin impurity C above the Carcinogenic Potency Categorization Approach (CPCA) acc…

The Federal Reserve’s influence on the economy is immense, and often misunderstood. President of the San Francisco Fed Mary Daly gives an exclusive, firsthand look into the central bank’s daily decision-making, explaining how the Fed’s policies, at both the regional and national level, ripple through society. From housing prices to immigration’s impact on labor, Daly weighs the major factors shaping the U.S. economy. As political and market pressures mount, she reflects on what it means to lead with discipline and data, and what every business leader can learn from the Fed’s balancing act. This is an abridged transcript of an interview from Rapid Response, hosted by t…

I’ve read a lot of business memoirs. One I keep coming back to is Grinding It Out by Ray Kroc—the man who built McDonald’s into the global giant it is today. Kroc was 52 before he even heard of the McDonald brothers who originally started the company. That fact alone says a lot about how he thought: Success comes eventually, but only to those who keep showing up. Which brings me to McDonald’s third-quarter earnings call Wednesday. McDonald’s reported solid results: global comparable sales up 3.6 percent, U.S. sales up 2.4 percent, revenue of $7.08 billion. The company is outperforming most competitors, but in a brutal environment: Fast-food traffic is…

Leaders are praised for “seeing around corners” and told to “skate to where the puck is going.” But what if you can’t even see your own feet, let alone a puck or a distant corner? Today’s volatility and uncertainty obscure any clear path to the future, and the forecast isn’t improving any time soon. In a recent World Economic Forum survey, 52% of experts expect an unsettled two-year horizon, 31% anticipate turbulence, and 5% foresee storms. Even if the weather were clear, setting a direction of travel is increasingly difficult as leaders face more complex problems with no obvious or easy solution. Close to 60% of business executives admit that they are missing opp…

Elliott Hill spent his entire career at Nike. But he spent a full year as its CEO before giving his first media interview in the role. In mid-October, the company invited a select group of global journalists to Beaverton, Oregon, to see the latest in Nike innovations. We tried a slew of ambitious products that will hit the market over the next year plus: mind-altering footwear, exoskeleton sneakers, and a jacket that inflates to keep you warm. And a few of us got to speak with Hill. Hill is the third Nike CEO I’ve interviewed for Fast Company. He’s not as introspective or soft-spoken as the design leader Mark Parker. He’s not as unapologetic or headstrong as the …

A new study from scientists at the Centers for Disease Control and Prevention (CDC) shows that a dangerous strain of what some researchers have nicknamed a “superbug” is on the rise. The study, published on September 22 in the Annals of Internal Medicine, examines a bacteria called NDM-producing carbapenem-resistant Enterobacterales (NDM-CRE). Researchers found that, between 2019 and 2023, NDM-CRE infections surged by more than 460% in the U.S. These infections, which range from pneumonia to bloodstream and urinary tract infections, are extremely hard to treat and can be deadly due to their antibiotic-resistant properties—hence the name “superbug.” What is a “supe…

Costco is famously adored by its fans, and its leadership wants the discount big-box chain to remain beloved. Costco co-founder and former CEO James Sinegal so fervently believes in keeping customers happy that he’s driven to profanity to express the strength of his feelings. “You can’t say ‘People are our most important product,’ and hang signs all over the place that say ‘People are our most important product,’ and then treat them like shit…. Your customers or your suppliers are going to see that you don’t really mean it,” he recently told an interviewer. Which is why a recent policy change by the retailer is so fascinating. Starting this month, Costco b…

Hurricanes are America’s most destructive natural hazards, causing more deaths and property damage than any other type of disaster. Since 1980, these powerful tropical storms have done more than US$1.5 trillion in damage and killed more than 7,000 people. The No. 1 cause of the damages and deaths from hurricanes is storm surge. Storm surge is the rise in the ocean’s water level, caused by a combination of powerful winds pushing water toward the coastline and reduced air pressure within the hurricane compared to the pressure outside of it. In addition to these factors, waves breaking close to the coast cause the sea level to increase near the coastline, a phenomeno…

Early in my (Chantal’s) career, my manager, Scott, shared something in my annual review that I’ll never forget. My sarcastic sense of humor made some people uncomfortable. He recommended that I “tone it down a bit.” I felt embarrassed and defensive. Since I was young, I’d always leveraged humor to connect and signal mental acuity. The feedback made me question what I thought I knew. Was my presumed superpower actually a liability? The conversation rattled me, and I didn’t know what to do with the feedback. So often, early-career professionals enter the workforce and receive technical feedback from managers: fix code this way, prepare for a check-in using this temp…

Johnson & Johnson on Tuesday raised its 2025 sales forecast after reporting quarterly earnings that topped Wall Street expectations, and announced plans to spin off its orthopedics business into a standalone company. The healthcare conglomerate now expects product revenue of $93.5 billion to $93.9 billion, about $300 million higher than its prior forecast and above analysts’ expectations of $93.4 billion, according to LSEG data. Alongside the upbeat forecast, J&J said it plans to separate its orthopedics business into a standalone company named DePuy Synthes within the next 18 to 24 months, marking its second major spinoff since 2023. J&J’s orthope…

A startling message came over the radio from an air traffic control tower near Los Angeles less than a week into the federal government shutdown: “The tower is closed due to staffing.” Without enough air traffic controllers to guide planes into and out of Hollywood Burbank Airport, the tower went dark for almost six hours on Oct. 6, leaving pilots to coordinate their movements among themselves. Flight delays averaged two-and-a-half hours in one of the first visible signs that the shutdown was already taking a toll on the nation’s aviation system. Since the shutdown began Oct. 1, the Federal Aviation Administration has reported controller shortages in cities across the U…

According to the company’s annual analysis, this year’s shopping season won’t just break records—it’ll rewrite the playbook. AI assistants are set to steer how people search, shop, and spend, while buy-now-pay-later plans help stretched consumers keep the holiday magic alive. Each year, Adobe uses data from its Adobe Analytics platform to predict what the shopping landscape and consumer behavior will look like between November 1 and December 31. According to Adobe’s description, the data includes inputs from many of the top 100 retailers in the U.S., covering over 1 trillion visits to retail sites, 100 million SKUs, and 18 product categories. In 2025, Adobe says …

Thanksgiving is behind us, which means the holiday shopping season has officially begun. And that means that both companies and third-party retailers will spend every day between now and Christmas morning trying to get you to spend your consumer dollars with them. As in years past, one of the most sought-after gifts will be the smartphone. According to an analysis last month by global marketing research firm NielsenIQ, 37% of shoppers buying tech this season have smartphones on their list. And when it comes to smartphone brands, Apple tops tech buyer preferences, with 54% of those surveyed looking to buy an iPhone. But as anyone who knows Apple well knows, the com…