This is a published version of the Forbes Daily NewsletterYou can sign up here to get Forbes Daily delivered to your inbox.

Good morning,

Lauren Sánchez is aware that most people see her as the fiancé of the second richest person in the worldJeff Bezos, despite a long list of accomplishments that includes a career as a journalist, a pilot’s license and, as of this week, work as a children’s book author.

“I understand that, but I can choose to do something or I can choose to do nothing,” she said at the 2024 Forbes Power Women’s Summit in New York. “I choose to do something.”

Sánchez, whose work ethic is inspired by her grandmother, was one of the youngest Hispanic anchors in Los Angeles and is now vice chair of the Bezos Earth Fund, which makes grants to fight climate change. She will soon lead an all-female space flight with Blue Origin.

“People like to put you in a box,” she said. “And I don’t fit that box, I never have.”

Let’s get to the headlines.

FIRST

After being mostly down on Wednesday morning, Nvidia shares shot up steadily, recording a 7% gain in the late afternoon and almost single-handedly Transforming broad market losses into solid gainsThe AI ​​giant saw its market value rise by more than $190 million after CEO Jensen Huang told a conference that demand for its products was “so high” that its customers were “tight.”

MORE: The blue-chip Dow Jones Industrial Average closed up 0.3 percent on Wednesday, recovering from a morning when the index fell as much as 740 points as investors digested the mixed consumer price index inflation report for August.

Flowcarbon, the climate technology startup co-founded by WeWork’s Adam Neumann, has quietly refunded investors after failing to meet its goal of bringing carbon credits to the blockchain. In 2022, the startup announced it had raised $70 million in funding to Creation of a “Goddess Nature Token” backed by 1:1 carbon certificates– certificates that companies typically buy in bulk to offset their greenhouse gas emissions. As part of the refund process, buyers of the token were asked to sign a release that included a comprehensive waiver of claims against Flowcarbon and its affiliates.

BUSINESS + FINANCE

Following a report of falling sales, shares of GameStop – often the focus of meme stock trading – fell nearly 12% on Wednesday, down 3.3% from the previous day. Despite a 31% year-over-year decline in sales, the video game retailer reported adjusted earnings of 1 cent per shareand beat estimates for a loss of 9 cents per share.

Wealth + Entrepreneurship

Zhang Yiming, co-founder of TikTok owner ByteDance, has overtaken the chairman of beverage giant Nongfu Spring, Zhong Shanshan. the richest man in Chinaafter Forbes List of billionaires in real time. Zhang, 40, secured the crown for the first time with a fortune of $45.6 billion, surpassing Zhong’s $42.9 billion, according to Forbes estimates.

MONEY + POLITICS

Republican Speaker of the House Mike Johnson has canceled the planned vote on a new budget bill 19 days before the existing law expires. which would lead to a shutdownThe interim bill supported by Johnson included a measure that would require proof of U.S. citizenship for voter registration, but several Republicans expressed their intention to vote against the bill for various reasons.

After the debate between former President Donald Trump and Vice President Kamala Harris on Tuesday evening, it is still unclear whether there will be a rematch between the two candidates. On Wednesday asked why he should participate in another debateand claimed Harris had been “badly beaten” and was “not inclined” to participate in another debate. Fox has already offered to host a second debate in October, while NBC has proposed a face-off for later this month.

MORE: About 58 million people watched the debate between Harris and Trump on television on Tuesday evening, several media outlets reported, citing early figures from Nielsen. That is about 12% more viewers than in June Debate between Trump and his then opponent President Joe Biden.

SPORTS + ENTERTAINMENT

After the International Olympic Committee stripped her of an individual bronze medal, gymnast Jordan Chiles was criticized online and faced with racist comments. In her first interview since then, Chiles said at the Forbes Power Women’s Summit: She felt betrayed by the sport: “The way things are going, it’s no longer about the medal for me, but about my peace and my justice,” said the 23-year-old. “It’s about the color of my skin.”

Singer Justin Timberlake will appear in court in New York on Friday to make a confession and settle the drunk driving charge starting in June. He is expected to plead guilty to a lesser offense of driving under the influence, the Associated Press reported, and will likely pay a fine of between $300 and $500, Deadline reports.

A day after being sentenced to pay a $100 million settlement in another sexual assault case, producer and business magnate Sean “Diddy” Combs has been hit with a new lawsuit. Dawn Richard, a former member of the girl group Danity Kane, is the latest in a long line of women accusing Combs of abuseand claimed in a lawsuit filed in New York that she was subjected to violence, death threats, financial abuse, sexual assault and more.

TRAVEL + LIFESTYLE

As a peace offering to activist investor Elliott Investment Management, Southwest Airlines announced it would reshuffle its board of directors, with longtime chairman Gary Kelly retiring in 2025. Elliott, owned by billionaire hedge fund magnate Paul Singer, has amassed 10% of Southwest’s common stock in recent months and led a public campaign to persuade the airline to make significant changesand has even presented a list of preferred candidates for the board.

Trends + Explanations

Earlier this week, the European Union’s top court ruled that Apple must pay billions in back taxes after it agreed to tax breaks with Ireland to reduce its tax burden. The case dates back more than a decade, but the European Commission finally found that the tax rulings given by Ireland to Apple “Substantially and artificially” reduced the tax paid by Apple to Ireland since 1991. Apple paid an effective corporate tax rate of 1% in 2003 and only 0.005% in 2014.

DAILY COVER STORY

Meet the venture capitalists who just raised $250 million to back female-led startups

TOPLINE Jenny Abramson was a sophomore at Stanford in 1997 when her mother, Patty, founded the Women’s Growth Capital Fund. Back then, her daughter recalls, she was surrounded by “a million amazing women” at school and didn’t really understand why female founders needed their own venture capital firm.

27 years later, Jenny Abramson has not only understood it, but has just raised another $250 million for Rethink Impact, securing the project’s status as Largest VC firm specializing in financing female CEOsThis is the third and largest fund that Abramson and her managing partner Heidi Patel have launched since 2017, almost doubling their assets under management.

It is not just about the size and participants of this round, which ended today and was first reported by Forbes— that stand out. The successful round comes at a time when venture capital raising is heading for its worst year in a decade, according to Pitchbook, and Efforts to promote diversity, equity and inclusion are under attack both in court and in the American economy.

While the average time it takes venture capital firms to close new funds has risen to 15 months in recent quarters, Abramson and Patel raised their Fund III in just one summer. Limited partners include Melinda French Gates’ investment firm Pivotal Ventures and a number of institutional investors. “To get to this size, we really had to make the leap to institutional LPs, and we did that,” Patel says. “We have more than 10 university endowments and foundations; we have limited partners from major financial institutions like UBS and Cambridge Associates.”

WHY IT IS IMPORTANT In addition to making money for their investors, Abramson and Patel also want Turning point in financing female founders and CEOs“I’m sure we’ll see parity in our lifetime,” says Abramson optimistically. “I think we’ve finally reached a moment where we have data showing that women-led companies grow faster, have higher value increases and exit faster – after all, time is money.”

MORE Why Aileen Lee predicts more women will start unicorns in the next 10 years

FACTS + COMMENTS

The return of the NFL last week underlined the league’s dominance as the first week of broadcast—featuring a replay of the AFC Championship Game, an appearance by Taylor Swift and Tom Brady’s debut as an analyst—broke audience records:

21 million: The average number of spectators per game per week

123 million: How many people watched at least part of a game, the league’s highest number for an opening week since 2019

93: Of the 100 most-watched TV broadcasts last year, 93 were NFL football games

STRATEGY + SUCCESS

In a job interview, the most difficult questions you are likely to be asked as a candidate start like this: “Tell me about a time when you…” These situational questions are effective at proving that you have solved a problem before, but People often overlook details or lack a concise, easy-to-understand answerTake the time to formulate an answer in advance, and remember that the interviewer is looking for concrete information: concrete details and, more importantly, concrete results.

VIDEO

QUIZ

The local police department of a city spent more than $150,000 to purchase a Tesla Cybertruck, including $20,000 for additional customization, for community outreach as part of its anti-drug program. In which state is the police department located?

A.New York

B. Texas

C. California

D. Arizona

Check your answer.

Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.