The 100 Most Powerful People in Business

Tech

by Jessica Mathews

Energy

by Jordan Blum

Podcast

Term Sheet, episode 2. OpenAI raises more capital, Joby Aviation’s air taxi play, and community in tech

Economy

Who is Stephen Miran? The tariff proponent was just nominated to join the Fed’s board of governors

AI

OpenAI’s breakaway? GPT-5 is its most powerful AI yet. Will it be enough to stay ahead?

Guidewell Mutual Holding (No. 136) appointed Brian D. Pieninck as CEO, effective Oct. 1. Kenvue (No. 281) appointed Michael Wondrasch as Chief Technology and Data Officer, effective Aug. 25. Expeditors Intl. of Washington (No. 400) appointed David A. Hackett as CFO, effective Oct. 1. Post Holdings (No. 477) appointed Nicolas Catoggio as EVP and COO, effective Jan. 2, 2026.

And more in this week's Fortune 500 Power Moves.

• Antitrust regulators in the U.K. have decided not to investigate Boeing (No. 63) in its intent to acquire Spirit AeroSystems, a fuselage maker. The country’s Competition and Markets Authority now believes that the $4.7 billion deal would not restrict competition.
• Hewlett Packard Enterprise (No. 143) could see its $14 billion acquisition of Juniper Networks thrown out due to political controversy after the U.S. Department of Justice abruptly reversed its initial opposition to the deal. Losing Juniper Networks could prove disastrous for HPE CEO Antonio Neri, who is already under pressure by activist investor Elliott Investment Management.
• Paramount Global (No. 147) and Skydance Media announced the close of their long-anticipated $8.4 billion merger. The combined company is officially called Paramount, a Skydance Corporation.
• Blackstone (No. 321) agreed to acquire energy data company Enverus in a deal that could exceed $6 billion, Bloomberg reports. Enverus draws data from over 95% of U.S. energy producers and upwards of 40,000 suppliers, and has 8,000 customers in 50 countries, according to its website.

• Airbnb (No. 382) beat Wall street expectations with $3.1 billion in Q2 revenue, up 13% from the same quarter last year. During the earnings call, CEO Brian Chesky warned of increased pressure from hotels and growing regulation against short-term rentals.
• Walt Disney (No. 46) posted $23.65 billion in Q3 revenue, slightly below Wall Street’s expectation. The media company’s traditional TV business continues to struggle, though there were gains elsewhere in streaming and theme parks. The company raised its full-year guidance for fiscal 2025 and now believes it will finish the year with an 18% year-over-year gain in adjusted earnings.
• Advanced Micro Devices (AMD) (No. 167) delivered record revenue of $7.69 billion, up 32% year-over-year, but fell short of earnings expectations. Chair and CEO Lisa Su attributed the loss in chip revenue to the Trump Administration’s export restrictions, and she noted that the company’s strongest driver of growth is its data center business.
• Eli Lilly (No. 100) notched $15.56 billion in Q2 revenue, driven by demand for diabetes drug Mounjaro and weight-loss drug Zepbound. The company raised its fiscal 2025 sales guidance to $60 billion to $62 billion from $58 billion to $61 billion, but its stock fell following the earnings call after a new obesity drug, orforglipron, failed to impress investors.
• Uber Technologies (No. 101) reported $12.65 billion in Q2 revenue, up 18% year-over-year, and announced a $20 billion stock buyback. The company also saw increases in monthly active platform consumers and gross bookings in the quarter.
• DoorDash (No. 394) posted $3.28 billion in revenue in Q2, a 25% year-over-year increase fueled by a significant uptick in orders. This was the company’s first earnings call since announcing plans to acquire U.K.-based rival Deliveroo for $3.9 billion and restaurant tech company SevenRooms for $1.2 billion in May. DoorDash also has since announced a $175 million acquisition of adtech startup Symbiosys and signed partnerships with various retailers.

Other earnings calls that took place this week: Progressive (No. 57), Caterpillar (No. 64), Pfizer (No. 67), Tyson Foods (No. 85), Amgen (No. 134), NRG Energy (No. 153), Apollo Global Management (No. 163), Marriott International (No. 171), Super Micro Computer (No. 292), and many more.

Earnings to watch next week include: Cardinal Health (No. 15) and Celanese (No. 412) on Aug. 12; Performance Food Group (No. 80), Cisco Systems (No. 83), and QXO (No. 421) on Aug. 13; Deere (No. 89) and Applied Materials (No. 158) on Aug. 14; and more.