Good morning. On Fortune’s radar today: Bill Ackman on his campaign against socialism. Iran and Oman have a deal to reopen the Strait of Hormuz. AI capex is rising faster than analysts can track it. The Iran war boosted the sale of hybrid electric vehicles. Gen Zers spend more than they save. AI has given us a new way to make mistakes. ➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here. This story was originally featured on Fortune.com ...read more read less