Monday may have been the unofficial cannabis holiday, but shares of firms offering psychedelic treatments were riding high, too.

President Donald Trump signed an executive order on Saturday to expedite research and access to psychedelics to treat serious mental illness, including PTSD and opioid addiction. Shares of AtaiBeckley, a drug development platform using psychedelics to treat mental health disorders, skyrocketed 22% Monday, along with those of other companies providing psychedelic-assisted therapy.

The only drug Trump specifically named is ibogaine, commonly used to treat depression, anxiety and PTSD among veterans, though research suggests it could pose safety risks.

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Tim Cook is stepping down as CEO of Apple later this year and will be replaced by Apple hardware engineering executive John Ternus.

With the temporary ceasefire with Iran set to end Wednesday, Vice President JD Vance is expected to travel to Pakistan for potential negotiations, though Iran has not confirmed it will participate in any talks.

The data centers being built to fuel the AI boom are not just expensive, they’re potentially also strategic infrastructure targets that could be vulnerable during times of war. Executives in data center security tell Forbes that reality is driving an increased appetite for more hardened security—especially counter-drone capabilities—both in the Middle East and elsewhere.

FBI Director Kash Patel sued The Atlantic for $250 million in damages over a story it published detailing claims about his alleged frequent absences and excessive drinking. Patel’s lawsuit comes amid President Donald Trump’s various legal battles against the media, with the FBI director telling Fox News host Maria Bartiromo over the weekend that “we have to fight back against the fake news.”

Shares of Hims & Hers Health surged nearly 8% Monday as the FDA announced a meeting to discuss considering easing peptide regulation. The overarching category of drugs includes both GLP-1s and various gray-market injectables that have exploded in popularity on social media. The meeting was reportedly championed by RFK Jr., who has long been a proponent of peptides.

President Donald Trump has claimed he’s resolved nine wars, arguing he should receive the Nobel Peace Prize for doing so—but it’s unclear which is the ninth conflict he’s referring to. Trump has made references on social media to eight wars he’s “solved,” though official agreements have yet to be reached in some of them, fighting persists in others, and in several cases, there were no wars to end.

Reranking The World’s Billionaires By Wealth—And Altruism

Elon Musk is the planet’s richest person by far, worth $839 billion as of Forbes’ annual World’s Billionaires list published last month. He also ranks among the least philanthropic billionaires.

His lack of giving raises a question: What would our billionaires ranking look like if the world’s most generous people—such as Warren Buffett and Bill Gates—had never donated a dollar to charity? To find the answer, we adjusted the net worths of the planet’s most generous billionaires, assuming they kept any shares they’ve given away and that cash gifts were instead invested at market rates of return.

In our True Net Worth ranking, Musk, by the simple virtue of being so much richer than everyone else, still holds the No. 1 spot. But he loses serious ground to his more charitable contemporaries. Gates has given away an estimated 731 million shares of Microsoft. If he had instead held onto the stock, which has soared nearly sevenfold since the Gates Foundation launched in 2000, and if he kept all his cash donations for himself, he would be four times richer than he is today—and would rank as the world’s second-richest person, instead of No. 19. Buffett would similarly leap into the top five, from No. 9 to No. 3.

Others would jump even more ranks up the billionaires list—including MacKenzie Scott, who climbs 58 rungs when adding back her immense charitable giving, to No. 26. Meanwhile, her ex-husband Jeff Bezos, who has given far less to charity, drops out of the planet’s top five in our rerank.

WHY IT MATTERS “With billionaires flexing more wealth and power than ever, and calls to tax them (in some cases out of existence) intensifying, the billionaire debate is reaching a fever pitch,” says Forbes assistant managing editor Chase Peterson-Withorn. “Our wealth rerank adds more context to the conversation, with a fuller picture of which billionaires have gotten so rich because they haven’t donated much to charity, and those who have already forgone a lot of wealth by becoming major philanthropists.”

MORE World’s Billionaires List

The Trump administration started accepting tariff refund requests Monday, but experts warn that everyday Americans aren’t likely to see lower prices. U.S. Customs and Border Protection launched a platform for companies to file refund claims:

‘Seems unlikely anyone will rush to lower prices,’ wrote UBS chief economist Paul Donovan

0.1%: How much the tariffs are still expected to raise costs by in 2026

$10.2 billion: How much Walmart could receive back from the government, according to Citi analyst projections

In an era of increasingly common mass layoffs, it’s important to adapt and keep your career thriving through the uncertainty. Focus on building skills that transfer across industries, like data literacy, and consider building up multiple income streams by freelancing or working on side projects. It’s also key to begin strengthening your network now—before you need it during a potential job search.

As airlines invest in premium seating, one carrier is unveiling a lie-flat option for economy passengers. Which airline is it?

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

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