Apple to launch $2,000-plus foldable ‘iPhone Ultra’ in early September: report

Good morning. On Fortune’s radar today:

• Apple’s foldable iPhone lands next month.
• Shein launches $27 billion IPO—a fraction of its peak price.
• Markets: Mixed as traders await market-moving events from Bessent, Warsh, and Nvidia.
• Midterm predictions.
• 20 million Americans have opted out of work.
• AI is comically bad at drawing maps.

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This story was originally featured on Fortune.com