China’s chipmakers trigger bloodbath in global tech stocks

**Good morning. On Fortune’s radar today:**

Fortune Global 500: See the new ranking here.
Exclusive: Amazon’s Jeff Bezos on how he built the largest company in the world.
Markets: China’s CXMT wipes the floor with rival chipmakers.
White House currently favoring jaw-jaw over war-war in Iran.
Cities ranked by the cost of public transport.
Gas: We’re running out of it.
The ‘AI doom loop’ of slop job applications.

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