Good morning. On Fortune’s radar today:

  • Ukraine’s steelmakers are on the brink of collapse from Russian bombing.
  • Trump announces mystifying “ceasefire”—and threatens to end arms supplies to Ukraine.
  • Polls show Trump’s approval ratings among Republicans are in decline.
  • “Dutch disease”: Is AI crowding out investment from other areas of the economy?
  • Markets: Resilient, given the circumstances.
  • Most Americans are working longer hours.
  • Women are paying $4,500 to scream in the woods.

This story was originally featured on Fortune.com

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