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

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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.

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