Term Sheet — Thursday, May 16
The Fortune 500 -- Fortune's annual list of the largest U.S. corporations ranked by total revenue -- is out today. And here's a fun fact: Just 500 companies produced enough revenue last year to equal two-thirds of the entire economic output of the United States. These American businesses sold an astounding $13.7 trillion worth of goods and services, a record sum whether you measure it in nominal dollars or adjusted for inflation.
A few interesting facts from this year's 500: