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🌏 Donald Trump x Elon Musk?

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🌏 Donald Trump x Elon Musk?

Good morning, Quartz readers!


HERE’S WHAT YOU NEED TO KNOW

Donald Trump is close to collabing with Elon Musk. The presidential candidate wants the tech billionaire to lead a “government efficiency commission.” 

Google is gearing up for another antitrust trial. The first one was about its search dominance, and this one is about its ad tech dominance.

JetBlue actually made out pretty good during the CrowdStrike outage. The carrier raised its revenue guidance because it sopped up its competitors’ stranded passengers.

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Kroger promised to cut prices. Of course, it would have to be allowed to merge with Albertsons first.

Verizon is buying $20 billion in internet fiber. It’s acquiring Frontier Communication to boost its reach.


CHICAGO FED PREZ SAYS ECONOMIC VIBES ARE WHATEVER

Austan Goolsbee says that America is getting tantalizingly close to a so-called “soft landing” where the Federal Reserve has successfully raised interest rates to bring inflation down without destroying the economy.

From his presidential perch at the Federal Reserve Bank of Chicago, Goolsbee says that things are getting to the point that he and his colleagues can focus less on doomer vibes and more on data points that seem to be painting a rosier picture of the country’s fiscal well-being.

Quartz’s Rocio Fabbro chatted with Goolsbee about his outlook on where things go from here and whether the Fed is behind the curve on getting there.

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THAT’S A MIGHTY BIG MATTRESS

Family offices are gaining ground on hedge funds as the favorite safe havens of the wealthiest people’s wealth, says Deloitte.

The consultancy expects the fortunes stowed with the investment vehicles to reach $9 trillion by 2030 — nearly triple the amount from just a few years ago — as the upper-est crust grows tired of sharing its returns with riff-raff who don’t share a bloodline.

Quartz’s Madeline Fitzgerald explains not just what a family office is, but what the concept’s growing popularity means for the future of global finance.


MORE FROM QUARTZ

🦾 OpenAI hit 1 million paid business users for ChatGPT — with possible price increases coming

💰 Mark Cuban says Kamala Harris will definitely not tax unrealized capital gains

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📱New Mexico sued Snapchat for allowing ‘sextortion’ and sexual abuse targeting children

🎄 Half of Americans will start their holiday shopping even before Halloween

💉An Eli Lilly experiment could let insulin-using diabetes patients avoid 313 injections

🏈 These are the 10 wealthiest sports franchise owners in America


SURPRISING DISCOVERIES

A newly found antibody could be a beat-all COVID-19 vaccine. Scientists think they may have found a treatment that can recognize slippery changes in the virus’s spike protein.

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Cats might be hiding how much they like playing fetch. A survey of cat people says 41% of them “sometimes, frequently or always” bring back thrown objects.

Colonial Americans rioted over pine trees. The British Crown’s efforts at conservation were fairly unpopular.

A dye used for Gatorade might turn your skin clear. Scientists tried using yellow-tinting tartrazine on mice first; humans might get their turn, too, one day.

Michael Jordan has been trying to sell his house for 12 years. The basketball star lowered his price from $29 million to $14.855 million in 2015 — 1+4+8+5+5=23, his playing number — and hasn’t budged since.


Did you know we have two premium weekend emails, too? One gives you analysis on the week’s news, and one provides the best reads from Quartz and elsewhere to get your week started right. Become a member or give membership as a gift!

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Our best wishes on a safe start to the day. Send any news, comments, economic vibes, or transparent skin pics to talk@qz.com. Today’s Daily Brief was brought to you by Melvin Backman and Morgan Haefner.

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National Guard member in DC shooting shows ‘positive sign’ West Virginia governor says

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National Guard member in DC shooting shows ‘positive sign’ West Virginia governor says

A person walks past a makeshift memorial for U.S. Army Spc. Sarah Beckstrom and U.S. Air Force Staff Sgt. Andrew Wolfe outside of Farragut West Station, near the site where the two National Guard members were shot on Dec. 1 in Washington, D.C.

Julia Demaree Nikhinson/AP


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Julia Demaree Nikhinson/AP

The ambush-style attack last week in Washington, D.C. that killed one National Guard soldier and wounded another has brought grief to a West Virginia community and profound implications for refugees, while a troubling profile of the suspect emerges.

West Virginia Gov. Patrick Morrisey (R) speaks while West Virginia National Guard Maj. Gen. James Seward (L) looks on during a news conference on Dec. 1 at the West Virginia Capitol in Charleston, W.Va.

West Virginia Gov. Patrick Morrisey (R) speaks while West Virginia National Guard Maj. Gen. James Seward (L) looks on during a news conference on Dec. 1 at the West Virginia Capitol in Charleston, W.Va.

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At a press conference on Monday, West Virginia Gov. Patrick Morrisey said he received word from Andrew Wolfe’s family that the 24-year-old remains in serious condition but has shown some progress.

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“We were told that Andrew was asked if he could hear the nurse who asked the question to give a thumbs up, and he did respond,” Morrisey said. “And we were told that he also wiggled his toes. So we take that as a positive sign.”

Wolfe and Sarah Beckstrom — both members of the West Virginia National Guard — were on patrol on Thanksgiving eve just blocks from the White House when a gunman came around the corner and opened fire at close-range, authorities said. Beckstrom, 20, died from her injuries on Thursday.

Meanwhile, the suspect, 29-year-old Rahmanullah Lakanwal, remains in custody and faces a first-degree murder charge. Authorities say Lakanwal drove across the country from his home in Washington state to the nation’s capital to carry out the unprovoked attack.

A refugee resettlement volunteer who worked closely with Lakanwal’s family told NPR that the suspect did not show any signs of radicalization — like some U.S. officials have suggested. Instead, the volunteer said they worried about Lakanwal’s wellbeing and feared he was suffering a mental health crisis.

Last week, Jeanine Pirro, the U.S. attorney for the District of Columbia, said the alleged gunman will be charged with terrorism and she will seek the death penalty if either soldier died.

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Here’s what to know.

High school principal describes Beckstrom as “always willing to help others”

A photo is displayed of National Guard member Specialist Sarah Beckstrom in Webster Springs, W.Va., on Nov. 28.

A photo is displayed of National Guard member Specialist Sarah Beckstrom in Webster Springs, W.Va., on Nov. 28.

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Kathleen Batten/AP

Beckstrom joined the service in 2023, but her commitment to serving others was a defining part of her character, according to Gabriel Markle, the principal at Webster County High School, which Beckstrom attended.

“She carried herself with quiet strength, a contagious smile and a positive energy that lifted people around her,” Markle said at a vigil organized at the high school on Saturday night.

He added, “She was sweet, caring and always willing to help others.”

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Gov. Morrisey, who was also in attendance, said Beckstrom’s family and friends described her as having “a bright smile, a very big heart, and someone who loved to serve others.”

“She wore that uniform with pride,” he said. “And this deserves to be said a few times, she volunteered for the mission,” referring to the troop deployment in D.C.

Both Beckstrom and Wolfe were deployed to the nation’s capital in August, when President Trump first brought in troops, saying they were needed to address crime. The deployments have been met with pushback from both local Democratic leaders who said they were unnecessary and federal court judges, who have questioned their legality.

According to Morrisey, Beckstrom and Wolfe were friends leading up to the attack last week. “I’ve heard some of the stories that they talked, they liked each other, they talked fondly about each other,” he added.

The suspect was withdrawn and possibly suffering from PTSD

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This photo provided by the U.S. Attorney's Office on Thursday, Nov. 27, 2025, shows Rahmanullah Lakanwal.

This photo showing Rahmanullah Lakanwal was provided by the U.S. Attorney’s Office on Nov. 27.

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New details suggest that Lakanwal was suffering from a personal crisis leading up to the attack, NPR’s Brian Mann reported.

A refugee resettlement volunteer who worked closely with Lakanwal’s family said the suspect spent a lot of time alone in his bedroom without speaking to his wife and kids.

“My biggest concern was that [Lakanwal] would harm himself,” the volunteer said. “I worried he would be suicidal because he was so withdrawn.” The volunteer spoke with NPR on condition of anonymity because they said they feared retaliation for having worked with Afghan refugees, including Lakanwal.

Before he moved to the U.S., Lakanwal served in one of Afghanistan’s elite counterterrorism units, which was operated by the CIA and focused on fighting the Taliban. When the Taliban seized control of Kabul in 2021, Lakanwal was evacuated by the U.S. military and later, resettled to the U.S. through Operation Allies Welcome.

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According to the volunteer, Lakanwal struggled to find a stable job and adjust to life in the U.S., which led to growing isolation. The volunteer added that Lakanwal was prone to take cross-country drives without telling his family.

Trump administration toughens immigration policies

A makeshift memorial of flowers and American flags stands outside the Farragut West Metro station on Dec. 1 in Washington, D.C.

A makeshift memorial of flowers and American flags stands outside the Farragut West Metro station on Dec. 1 in Washington, D.C.

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The shooting in D.C. has also led to swift and sweeping changes to multiple immigration processes.

NPR’s Ximeno Bustillo reported that the administration has paused all visa reviews for people from Afghanistan. That includes special immigrant visas, a program specifically designed to relocate those who had helped the U.S. military and its allies, and were at risk living under Taliban rule.

Some veterans and refugee advocates criticized the policy changes, arguing that an entire community should not be punished for the actions of one person.

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“Our hearts are absolutely broken for our Afghan allies, who have already endured more trauma, loss, and sacrifice than most Americans can imagine,” Shawn VanDiver, who leads #AfghanEvac, a group that supports the resettlement of Afghans to the U.S., said in a statement.

More broadly, the administration halted all asylum decisions. Homeland Security Secretary Kristi Noem said reviews will not restart until the agency has “dealt with the backlog” which is currently over a million cases.

“That backlog needs to be cleared up,” Noem said Sunday on NBC’s “Meet The Press.

Joseph Edlow, the director of U.S. Citizenship and Immigration Services, also ordered a sweeping review of green card holders from “every country of concern” — referring to a list of 19 countries that the administration previously ruled has “deficient” vetting and screening.

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Read the ruling

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Read the ruling

Case: 25-2635 Document: 81

Page: 16

Date Filed: 12/01/2025

thereafter leaving (a)(2) and (a)(3) as the only means of selecting a different acting officer. First, § 3345(a) uses present-tense verbs (“dies, resigns, or is otherwise unable to perform”) indicating a single, immediate occurrence, as opposed to, for example, the present perfect tense (has died, has resigned), which could indicate past actions with continued relevance. Hewitt v. United States, 606 U.S. 419, 427–28 (2025). Further, to the extent the Government relies on the phrase “is otherwise unable to perform” (in contrast to “dies” or “resigns”) to demonstrate that § 3345(a) refers to a continuing state, Gov. Br. at 19, such an argument fails. Here, the residual “otherwise” provision is limited by the list of specific examples that precede it. Like “dies” and “resigns,” “otherwise unable to perform” must be read to refer to a single instance. Fischer, 603 U.S. at 489–90. (holding that the “otherwise” clause in 18 U.S.C. § 1512(c)(2) is limited by preceding examples in (c)(1)).
The Girauds cogently respond that the statute’s use of the definite article “the” in reference to “the first assistant,” rather than “a” first assistant, “clearly refers to the deputy already in place at the time the vacancy arises.” Giraud Br. 15. According to the Girauds, this interpretation of (a)(1) avoids “the elaborate safeguards in subsections (a)(2), (a)(3), and (b)(1) collaps[ing] into irrelevance.” Id. at 18. Pina’s argument is similarly apt: he points out that the FVRA repeatedly makes expressly clear that “the President (and only the President)” may select the acting officer and that the Government’s approach would violate that language by giving the Attorney General broad discretion under the FVRA to appoint acting PAS officers by designating them first assistants. Pina Br. 27– 28; see also 5 U.S.C. § 3345(a)(2), (a)(3), (c)(1).
Indeed, the upshot of the Government’s argument is that, while subsections (a)(2) and (a)(3) narrowly constrain

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Son of drug kingpin ‘El Chapo’ pleads guilty in US drug trafficking case in deal with prosecutors | CNN

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Son of drug kingpin ‘El Chapo’ pleads guilty in US drug trafficking case in deal with prosecutors | CNN



AP
 — 

A son of notorious Mexican drug kingpin “El Chapo” pleaded guilty Monday to US drug trafficking charges, months after his brother entered a plea deal.

Known locally in Mexico as the “Chapitos,” or “little Chapos,” Joaquin Guzman Lopez and his brother, Ovidio Guzman Lopez, are accused of running a faction of the Sinaloa cartel. Federal authorities in 2023 described the operation as a massive effort to send “staggering” quantities of fentanyl into the US.

Joaquin Guzman Lopez pleaded guilty to two counts of drug trafficking and continuing criminal enterprise.

He and another longtime Sinaloa leader, Ismael “El Mayo” Zambada, were arrested in July 2024 in Texas after they landed in the US on a private plane. Both men have previously pleaded not guilty to various drug trafficking, money laundering and firearms charges. Their dramatic capture prompted a surge in violence in Mexico’s northern state of Sinaloa as two factions of the Sinaloa cartel clashed.

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As part of the plea deal, Joaquin Guzman Lopez admitted to helping oversee the production and smuggling of large quantities of cocaine, heroin, methamphetamine, marijuana and fentanyl into the United States, fueling a crisis that has contributed to tens of thousands of overdose deaths annually.

In July, Ovidio Guzman Lopez became the first son of drug lord Joaquin “El Chapo” Guzman to enter a plea deal. He pleaded guilty to drug trafficking, money laundering and firearms charges tied to his leadership role in the cartel. Legal experts called the plea deal a significant step for the US government in their investigation and prosecution of Sinaloa cartel leaders.

Joaquin “El Chapo” Guzman is serving a life sentence after being convicted in 2019 for his role as the former leader of the Sinaloa cartel, having smuggled mountains of cocaine and other drugs into the United States over 25 years. The brothers allegedly assumed their father’s former role as leaders of the cartel.

This is a developing story and will be updated.

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