Warren in nearly 20 years this weekend.

The billionaire investor gifted $6 billion in Berkshire Hathaway shares to five charities: most went to the Bill & Melinda Gates Foundation Trust, with other contributions to the Sherwood Foundation, the Howard G. Buffett Foundation, NoVo Foundation and the Susan Thompson Buffett Foundation.

Buffett says nearly all—around 99.5%—of his estate is intended for philanthropic causes. As the world’s fifth-wealthiest person, he helped form the Giving Pledge in 2010, and has promised to give away his fortune in his lifetime or by the time of his death.

The feud between , was reignited once again over the president’s signature spending bill, which the Senate was still debating Tuesday morning. Musk, who has criticized the legislation, said he would back primary challenges against GOP lawmakers voting for the bill, prompting Trump to threaten to scrap government subsidies for Musk’s firms.

Oracle cofounder Larry Ellison surged into the spot of the world’s second-richest person in Forbes’ latest ranking of the top 10 wealthiest, than he was at the start of June thanks to a 32% jump in Oracle’s stock price. Ellison, worth an estimated $262 billion, surged past Meta’s Mark Zuckerberg and Amazon’s Jeff Bezos, who each dropped one spot.

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In an interview with NBC News, New York City mayoral candidate Zohran Mamdani said he doesn’t believe “we should have billionaires,” prompting , like David Sacks, President Donald Trump’s crypto czar. Sacks warned Silicon Valley to align with the Trump Administration, as Mamdani criticized the city’s wealth inequality.

Will Somerindyke’s firm Regulus Global quickly became one of America’s largest international arms dealers, but now, amid Silicon Valley’s defense tech frenzy, he’s looking to make the jump from munitions middleman to manufacturer. He’s been quietly working on Union, a new venture-backed startup he , and is now in talks to raise a series A funding round, with hundreds of millions of dollars committed. Regulus, where Somerindyke is still chairman and majority owner, will be its first customer.

Harry Stebbings wants to be Europe's top early stage investor: At 28 years old, the podcaster-turned-venture-capitalist manages some $650 million through his firm, 20VC. “Europe has more than enough money,” Stebbings tells Forbes. “What it doesn’t have is great regulatory frameworks or a great VC ecosystem.” In 2024, venture capitalists poured $209 billion into the U.S, compared toin Europe.

In the latest feud over the protests in Los Angeles, the Trump Administration sued L.A. Monday, on law enforcement. The lawsuit alleges the sanctuary city ordinance, which prohibits federal resources from being used for federal immigration enforcement, is unconstitutional, as the administration has sued other cities over similar policies.

As a result of an executive order from President Donald Trump, the National Park Service started posting signs in federal parks and monuments that encourage —but some respondents are pushing back on the so-called “snitch signs.” Forbes reviewed screenshots of hundreds of comments submitted through the feedback site linked through a QR code on the signs between June 5 to 19, and found the vast majority to be positive about the parks service, tour guides and more.

This Startup Built A Hospital In India To Test Its AI Software.

As longtime cancer doctors with regulatory experience, Pi Health cofounders Geoff Kim and Bobby Reddy knew that .

Clinical trials are an enormous bottleneck in drug development, and Kim and Reddy thought the AI-enabled software they’d been building at Pi Health could help do them faster and cheaper. But first they needed to prove that software could help overseas hospitals and smaller community cancer centers handle the documentation required to get through regulatory approval. So they found a site in Hyderabad, a major technology and pharmaceutical center in southern India, and built a 30-bed, state-of-the-art cancer hospital.

Pi Health Cancer Hospital opened in September 2023, and began running clinical trials last year. It’s participated in eight so far, including one that helped lead to a drug for esophageal cancer being approved in India just seven months after the first Indian patient was enrolled in the study. That’s less than half the time such a process would typically take and a major validation point for the software, one that Kim and Reddy believe will help them attract more customers.

To date, the Cambridge, Mass.-based startup has raised some $40 million at. It is generating revenue, with signed contracts of more than $70 million. And it is working on nearly 20 clinical studies for five global pharmaceutical companies.

Only 8% of cancer patients in the U.S. participate in clinical studies, limiting understanding of the disease and the way that it affects diverse populations. It also means drug approvals take longer and cost more than they would if the limited pool of patients weren’t a bottleneck.

Pi Health’s.

Meet India’s Self-Made Biologics Brewmaster Billionaire

The Formula One racing movie starring Brad Pitt, F1, topped box office charts over the weekend. It isproduction studios:

The amount the film grossed at the domestic box office over the weekend, according to Hollywood trade publications

The movie’s production budget

The amount the film’s sponsorships brought in, Forbes estimates

If you’re on the job hunt, —but be careful about relying on it too much, which could make your application seem generic. Try using the technology to brainstorm potential employers or job titles to search for, or for inspiration on questions to ask in interviews. And while many use AI to draft cover letters and other materials, be sure to proofread and edit AI-generated content before submitting it.

QUIZ

One of today’s biggest pop stars told Forbes she has helped raise more than $1 million from ticket sales to support issues like mental health, animal welfare and LGBTQ+ rights. Which artist is it?

A. Olivia Rodrigo

B. Beyoncé

C. Sabrina Carpenter

D. Rihanna

Check your answer.

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Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire.