Inside Google’s quiet internal war against its own anti-military activist employees

Good morning. On Fortune’s radar today:

Google’s internal war against its anti-Pentagon employees.

Markets: Happy with a record high.

Iran vows to strike any U.S. vessel in the Hormuz.

The fight over one word—“additional”—at the Fed.

AI hyperscalers are carrying $400 billion in debt.

Bank of America: “Boom loop” could open “door to doom.”

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Wall Street shrugs at record high stocks—in a good way

S&P 500 futures were flat this morning. The index was up 0.29% in the last session, setting a new record at 7,230.

In Europe, the Stoxx 600 was down 0.26% in early trading and the U.K.’s FTSE 100 was down 0.14% before lunch.

Asia: South Korea’s KOSPI was up 5.12%. Japan’s Nikkei 225 was up 0.38%. India’s Nifty 50 was up 0.31%. China’s CSI 300 was flat. 

Brent crude was $109 this morning.

Bitcoin was up at $79K.

Meme stock GameStop pitches $56 Billion takeover of eBay - Bloomberg

How Google defeated its internal anti-military activist employees

Google signed a deal with the Pentagon to allow its Gemini AI to be used by the U.S. military for “any lawful purpose,” and when news of the deal leaked, close to 600 employees signed an open letter opposing it. “I spent the last 2 months trying to prevent this,” Alex Turner, a research scientist at Google DeepMind, the unit that builds the company’s Gemini models, said in a post on X. “Shameful.”

But Google’s management is likely to ignore internal resistance, Fortune’s Bea Nolan reports. Following an employee rebellion in 2018, Google cracked down on in-office activism by decommissioning a lot of the internal mailing lists and deleting the internal social network, one source said. “It is harder to organize internally now.” 

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