Good morning. On Fortune’s radar today:

  • Bill Gates says the world is unprepared for AI’s risks: “There is no plan.”
  • There is a deal to reopen the Strait of Hormuz, but Trump is silent so far.
  • Markets: Nvidia, Nvidia, Nvidia.
  • No, the U.S. can’t grow its way out of the national debt, experts say.
  • Increased productivity from AI is refusing to show up.
  • The insane price of decorating a college dorm room.

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This story was originally featured on Fortune.com

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