President Trump’s Golden Dome will cost $1.2 trillion, the CBO says, five times more than initially expected

Good morning. On Fortune’s radar today: A “complete reversal”: Market bears are getting louder. Could China flip Iran? Export policy built into Nvidia compensation packages. The K-shaped economy is only getting worse. President Trump’s Golden Dome plan will cost $1.2 trillion. Quick note: Subscribe to the forthcoming Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here. This story was originally featured on Fortune.com