Good morning. On Fortune’s radar today:
- Markets: Mostly down.
- Leverage is “very concentrated in the AI ecosystem,” Goldman warns.
- The U.S. wealth paradox: No. 2 on average, No. 28 at the median.
- Trump says no return to war—for now.
- Soccer teams commit more fouls in polluted cities.
- You’d need to cut 10 million jobs for AI to pay for itself.
This story was originally featured on Fortune.com

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