OpenAI IPO looks like a no-go: Sam Altman is discussing a new round of VC funding valuing the company at $1.2 trillion

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Good morning. On Fortune’s radar today:OpenAI could delay IPO in favor of $1.2 trillion funding round.The new Fortune 500 Europe ranking is here!.Markets: Signs of life.The September Effect: Stocks always go down in this month. No one knows why.Expect a rate hike from the Fed today.The top 1,000 best cities, ranked.How much cash Paris Saint-Germain made in this year’s transfer market. 40% of your 9/11 memories are wrong.➡️ Did someone forward this email to you? If you would like to receive this information directly, every morning before the markets open in New York, sign up here.This story was originally featured on Fortune.com