Enterprise value equals market capitalization plus total debt.
Not intimidated.
Good.
The sharpest minds succeed with London Business School's finance courses,
ranked in the top five by the Financial Times.
Find out which of our world-class finance courses are right for you by searching LBS Finance today.
Hello and welcome to The Intelligence from The Economist.
I'm Jason Palmer.
Every weekday we provide a fresh perspective on the events shaping your world.
There's a whole graduating class coming in 2026 that will have had Generative AI at its fingertips for the whole of its college education.
We ask how those grads will fare in the workplace and how the workplace is likely to change to accommodate them.
And pensions in Europe are a fiscal time bomb as demographics change.
Ensuring them up by changing retirement ages or benefits is politically dangerous.
We look at what must and what might happen to fend off crises across the continent.
But first, In Iran,
the authorities are using an ever heavier hand to suppress the protests we were talking about on Friday.
Across the country, cities and towns, demonstrators are being mowed down.
490 according to a Washington-based human rights group.
That's almost certainly an undercount.
We've said this before, I know, but what's going on inside Iran really is different this time.