Good morning. On Fortune’s radar today:
- Google’s internal war against its anti-Pentagon employees.
- Markets: Happy with a record high.
- Iran vows to strike any U.S. vessel in the Hormuz.
- The fight over one word—“additional”—at the Fed.
- AI hyperscalers are carrying $400 billion in debt.
- Bank of America: “Boom loop” could open “door to doom.”
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This story was originally featured on Fortune.com