Trump hails ‘tremendous progress’ in Iran but all Wall Street heard was ‘back to escalation’

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Good morning. On Fortune‘s radar today:

  • Wall Street hated Trump’s Iran speech.
  • Elon Musk secretly files biggest-ever IPO.
  • Say goodbye to insider trading on prediction markets.
  • AI models have figured out a new way to tell lies.
  • Chelsea FC is bleeding cash.
  • Note to readers: I’ll be taking a break for the holiday weekend and return on Tuesday; in the meantime, you can still expect Alyson’s edition of Fortune 500 Digest on Saturday.

This story was originally featured on Fortune.com

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