Elon Musk may have bought control of the post-Trump Republican Party … but it cost him $30 billion of his net worth

Good morning. On Fortune’s radar today:

• Elon Musk may have bought control of the post-Trump Republican Party …
• … But it cost him $30 billion, on paper.
• AI is weirdly a mixed bag for U.S. GDP.
• Markets: Good news in the U.S. is bad news for Asia.
• The evidence for Anthropic’s business model isn’t quite there yet.
• Americans are richer than they have ever been before.

This story was originally featured on Fortune.com