Good Morning. The CEO of an $850B AI company owns zero equity in it. Now Congress wants to know why.
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TOP STORY TODAY
Sam’s Side Hustles
Here's a weird one. The CEO of an $850 billion AI company owns zero equity in it, but personally invests in startups he then pitches OpenAI to fund (WSJ). Republicans noticed. The House Oversight Committee opened a probe Monday.
The named deals: nuclear-fusion firm Helion and rocket-maker Stoke Space, both of which Altman backs through his family office. Six GOP attorneys general separately asked the SEC to dig in before OpenAI's IPO, warning state pensions could eat the risk (More on Musk v Altman Week 2).
OpenAI chairman Bret Taylor told the court Altman recused himself from the Helion talks. The IPO is on track to be one of the largest ever. Read the actual congressional letter naming Helion, Stoke Space, and an OpenAI audit committee that was never disclosed here.
Shelved Cure
Scientists already built a hantavirus antibody that protected hamsters from the exact strain now killing cruise-ship passengers. Three people are dead and several sick. The antibody has never been tested in humans because federal funding ran out in 2024.
The treatment was developed by researchers at Albert Einstein College of Medicine, biotech firms, and the U.S. Army. It works by blocking the virus from entering cells. Even if greenlit today, manufacturing enough to help the current outbreak would not be feasible.
Moderna is also running early-stage vaccine research through partnerships with the U.S. Army and Korea University. Neither program has reached human trials. Should you worry? How the virus spreads here.
Jet Repo Men
Nomadic Aviation Group spent the past week collecting Spirit Airlines jets after the carrier's liquidation. Co-founders Bob Allen and Steve Giordano had six hours to assemble 20 pilots once leasing firms greenlit retrievals, eventually scaling to a 40-pilot WhatsApp group.
Each repossession runs hours of regulatory work (WSJ). Planes need FAA-designated airworthiness sign-off, licensed mechanic inspections, fuel coordination, and crew hotels. Airports demand paperwork before releasing 200-seat jets. Some ground vendors require upfront payment, still nervous about Spirit-related billing.
About two dozen yellow jets have already been ferried to Arizona desert boneyards, where dry climate prevents corrosion. For ex-Spirit pilots flying them, each trip marks the final time anyone will pilot a Spirit aircraft.
TOGETHER WITH SKECHERS
13 Marathons. 13 Days. One Pair of Shoes Built for It.
Most runners need a recovery day. Seth Wilmoth didn't take one. He ran 340+ miles across California in 13 consecutive days, crossing deserts, mountains, coastline, and valley floor without skipping a single morning.
Skechers was the exclusive footwear and apparel sponsor of Project Gold Rush 13x13. Seth ran the entire challenge in Skechers AERO Burst and AERO Razor performance shoes, with every mile raising money for the California State Parks Foundation.
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TODAY’S LIFE ADVICE
The Joe Rogan Reading List
The 27 most recommended books from the Joe Rogan Experience — across nearly 2,500 episodes.
History. Philosophy. Combat. Consciousness. Human nature. Joe Rogan has talked to everyone. These are the books that kept coming up. Full list here.
The Truth About Your Nervous System
Dr. Steven Porges, creator of Polyvagal Theory and pioneer of heart rate variability research, explains how our physiological state (not just our intentions) determines our experience as humans. He challenges the notion that we can simply 'try harder' or 'think positive' to change, introducing the concept of neuroception (how our nervous system unconsciously detects safety or threat) and explaining why trauma isn't just an event to 'get over' but a hardened imprint in the nervous system. Podcast.
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TOGETHER WITH SKECHERS
He Ran Across California Without a Day Off
13 marathons. 13 days. 13 ecoregions. Seth Wilmoth just finished Project Gold Rush 13x13, covering more than 340 miles through every major landscape California has to offer, from desert floor to alpine ridge to Pacific coast.
Skechers AERO Burst and AERO Razor running shoes carried him the whole way. Seth wrapped the challenge in Los Angeles on May 2nd with a public run event, raising funds for the California State Parks Foundation along the route.
Please support our sponsors!
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