Cognizant CEO Ravi Kumar S on the ‘Hollywood model’ and going with your gut

In a recent discussion with Fortune's Editor-in-Chief Alyson Shontell, Saudi Arabia's Minister of Investment, H.E. Khalid Al-Falih, highlighted the global concerns surrounding supply chains and the importance of reliable partnerships. This conversation sheds light on Saudi Arabia's Vision 2030, which aims to diversify the economy and attract foreign investment, making it a pivotal player in the international market. As countries seek dependable partners, Al-Falih's insights underscore the strategic role Saudi Arabia is poised to play in fostering economic stability and collaboration.

A recent review by Fortune has unveiled the identities of 37 donors contributing to the $300 million build of the White House ballroom. This list includes notable figures from Silicon Valley and the cryptocurrency sector, highlighting the intersection of politics and private funding. While the specific amounts donated remain undisclosed, the involvement of such influential contributors raises questions about the impact of private donations on public projects.

Tesla has reported disappointing earnings once again, raising concerns about the sustainability of its high market valuation, which is largely driven by investor confidence in Elon Musk's vision. This reliance on what some are calling the 'Musk Magic' has inflated Tesla's market value to an astonishing $1.35 trillion, but many analysts are questioning whether this premium is justified given the company's recent performance. This situation is significant as it could indicate a potential correction in Tesla's stock price if investor sentiment shifts.

The US and China have reached a preliminary agreement on a trade deal, which is set to be signed ahead of the upcoming meeting between President Trump and President Xi. This deal includes provisions for TikTok and hints at resolutions regarding rare earths and tariffs. This is significant as it could ease tensions between the two largest economies and foster a more stable trade environment, benefiting businesses and consumers alike.

Israel's stock market closed on a high note, with the TA 35 index rising by 1.01%. This positive trend reflects growing investor confidence and could signal a robust economic outlook for the country. As markets fluctuate globally, this uptick in Israel's stocks is a promising sign for both local and international investors.

Nigeria's technology regulator is advocating for greater control over TikTok, emphasizing the need to establish local rules instead of depending on global content policies. This move highlights concerns about the platform's impact on the youth, as officials believe it consumes valuable time that could be spent on more productive activities. By seeking to regulate TikTok, Nigeria aims to ensure that the platform aligns with the country's cultural values and priorities.

Anwar Ibrahim, the Prime Minister of Malaysia, recently addressed the ASEAN Leaders’ Summit in Kuala Lumpur, where he engaged with global leaders on crucial topics such as peace, trade, and regional stability. This summit is significant as it highlights Malaysia's active role in fostering collaboration and dialogue among Southeast Asian nations, which is essential for addressing shared challenges and promoting economic growth.

Novartis is reportedly close to finalizing a deal to acquire Avidity Biosciences for more than $70 per share, according to Bloomberg News. This acquisition could significantly enhance Novartis's portfolio in the biotechnology sector, allowing them to leverage Avidity's innovative technologies and research capabilities. Such a move not only reflects Novartis's commitment to expanding its reach in the market but also highlights the growing interest in gene therapies and RNA-targeted treatments.

Chinese and U.S. officials have made significant progress in trade negotiations, announcing a preliminary agreement on several key issues. This development is crucial as it sets the stage for an upcoming meeting between President Trump and President Xi Jinping, potentially paving the way for improved economic relations between the two countries. A successful trade deal could benefit both economies and reduce tensions, making this a noteworthy moment in international trade.