News
🌏 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.
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.
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
📱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.
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.
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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.
News
Photos: ‘No Kings’ protests across the country
In large cities and small towns across the country, millions took to the streets today in protest against the policies of President Trump and his administration.
Organized by “No Kings,” a network of progressive groups opposed to the administration’s agenda, the protests are the third wave of demonstrations since the President took office for a second term. Last year, millions attended protests in June and again in October.
Crowds assemble at the Embarcadero in San Francisco prior to the start of the protest.
Martin do Nascimento/KQED
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Martin do Nascimento/KQED
Thousands of community members marched in the flagship “No Kings” protest in St. Paul.
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Jaida Grey Eagle/MPR News
Thousands sign a banner in Hartford at the Capitol that says “We the People.”
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Tyler Russell/Connecticut Public
Protesters hold signs and chant slogans in Driggs, Idaho.
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Natalie Behring/Getty Images
Demonstrators gather while holding signs near a roadside in Shelbyville, Kentucky.
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Jon Cherry/Getty Images
Demonstrators walk across the Memorial Bridge from Arlington, Virginia into Washington, DC.
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Ken Cedeno/AFP
Demonstrators march down 7th Avenue and Broadway in Manhattan.
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Spencer Platt/Getty Images
Ken MacDonald tears up in Hartford as he listens to a speech about the plight of his fellow veterans.
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Tyler Russell/Connecticut Public
A large crowd marches across the South First bridge toward a gathering at Auditorium Shores in Austin, Texas.
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Patricia Lim/KUT News
Lindsay Holliday waves an American flag in Rosa Parks Square in Macon, Georgia.
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Grant Blankenship/GPB News
Demonstrators in downtown St. Louis walk by large banners decrying the U.S. conflict in Iran and U.S. Immigration and Customs Enforcement.
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Brian Munoz/St. Louis Public Radio
Kat Carves works on a ice sculpture that says ‘End Ice’ ahead of the rally on the Boston Common in Boston.
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Arthur Mansavage/GBH News
Protestors march across an overpass near the Georgia state Capitol building in Atlanta.
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Elijah Nouvelage/AFP
Protesters hold a banner reading “End the wars, stop ICE, general strike” at Embarcadero Plaza in San Francisco.
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Gustavo Hernandez/KQED
Maria Perry, left, and John Stock, right, joined protesters gathering in Mill Creek Park in Kansas City, Missouri.
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Julie Denesha/KCUR
Duane Inge, a 63-year-old demonstrator, protests in front of Busch Stadium in downtown St. Louis.
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Brian Munoz/St. Louis Public Radio
A protestor wears a “Let’s be brave” pin at a rally in Richmond, Virginia.
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Shaban Athuman/VPM
Demonstrators in costumes stand along the National Mall in Washington, DC.
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Ken Cedeno/AFP
Protestors listens as speakers address the crowd gathered in Richmond, Virginia.
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Shaban Athuman/VPM News
Protesters descend on Times Square in New York City.
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Charly Triballeau/AFP
Demonstrators begin to march from the Western Sculpture Garden at the Minnesota State Capitol in St. Paul.
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Steven Garcia/Minnesota Public Radio
Thousands march towards the Steel Bridge from the waterfront in Portland, Oregon.
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News
2 students killed, 7 other people injured in Tennessee bus crash during school field trip
Two students were killed and at least seven other people were injured after a school bus crash in Tennessee on Friday, officials said.
The school bus was carrying 25 students and five adults from Kenwood Middle School in Clarksville for a field trip in Jackson, Tennessee, the school district said in a statement.
The crash, which remains under investigation, involved a Tennessee Department of Transportation dump truck, a Chevrolet Trailblazer and the school bus. It happened around noon on Highway 70 in Carroll County, said Maj. Travis Plotzer, a spokesperson for the Tennessee Highway Patrol.
Plotzer said there were two adults in the TDOT vehicle and one person in the Chevrolet Trailblazer. He said the crash is “a parent’s worst nightmare.”
The cause of the crash is under investigation.
At least seven people who were injured were taken by air ambulance to hospitals across Tennessee, including Memphis and Nashville, CBS affiliate WREG reported. The extent of their injuries was not immediately disclosed.
The school’s principal, Karen Miller, said counselors will be available starting Monday. In a written message to families shared on Facebook, she called the crash an unimaginable tragedy and encouraged parents to be attentive to their child’s emotional needs as they process the deaths of their classmates.
“Please continue to pray with us for our students, families, faculty, and staff,” Miller wrote. “I am grateful for the strength of our Kenwood community, and I trust we will all support each other during this difficult time.”
Four people were taken to Monroe Carell Jr. Children’s Hospital at Vanderbilt in Nashville and were in stable condition Friday, according to a Vanderbilt Health spokesperson.
Another 19 people were taken to Baptist Memorial Hospital-Carroll County, said Kim Alexander, a spokesperson for Baptist Memorial Health Care. All were evaluated and released, though it was unclear how many actually were injured, she said.
CBS affiliate WTVF reported the school bus was on the way to participate in the Toyota Hub City Grand Prix Greenpower USA race in Jackson. The Jackson-Madison County superintendent said in a statement that they were “completely devastated” by the crash and called the loss “immeasurable,” WTVF reported.
The school district was hosting the event.
News
Man arrested in plot to firebomb Palestinian activist’s home after undercover op
Police detain Nerdeen Kiswani, an organizer of pro-Palestinian demonstration group “Within Our Lifetime” during a protest on Friday, April 12, 2024, in New York.
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Yuki Iwamura/AP
NEW YORK — A man accused of planning to firebomb the home of a prominent Palestinian activist has been arrested following a weekslong undercover operation led by the New York City Police Department, officials said Friday.
The target of the plot was Nerdeen Kiswani, who frequently leads protests in New York against Israel and the war in Gaza through the organization Within Our Lifetime.

Kiswani, 31, said law enforcement officials informed her late Thursday that they had disrupted “a threat on my life that was about to take place.”
Federal authorities said they arrested Alexander Heifler on Thursday at his home in Hoboken, New Jersey, as he was assembling Molotov cocktails that he planned to throw at Kiswani’s home. For weeks, he had discussed the plot with an undercover NYPD detective who had infiltrated a group chat used by Heifler, according to a police department spokesperson.
An official who was briefed on the investigation said Heifler, 26, identified as a member of the JDL 613 Brotherhood, a New Jersey-based group founded in 2024 that describes its membership as “Jewish warriors” fighting back against rising antisemitism.
A website for the group says they are inspired by the original Jewish Defense League, a group linked to numerous bombings and attempted assassinations of Arab American political activists in the 1970s and 1980s.
Heifler planned to flee to Israel following the attack, according to the official, who requested anonymity because they were not authorized to discuss the details of an ongoing investigation.
An email inquiry sent to the JDL 613 was not returned.
Kiswani, who lives in Brooklyn with her infant son and husband, said the plot would not deter her continued activism.
“I feel very blessed that they were able to thwart this, but it’s something that is a constant possibility for people who speak up on behalf of Palestine,” she said.
Heifler was charged in a criminal complaint with separate counts of making and possessing destructive devices, which each carry a maximum penalty of 10 years in prison. A message left with his attorney was not returned. He made an initial appearance in New Jersey federal court on Friday afternoon.
“Let me be clear: We will not tolerate violent extremism in our city,” New York City Mayor Zohran Mamdani said in a statement. “No one should face violence for their political beliefs or their advocacy. I am relieved that Nerdeen is safe.”

According to a court filing written by an FBI agent, Heifler spoke on a video call in February with a group that included an undercover detective about his interest in training for “self-defense” and wanting space where he could throw Molotov cocktails.
The next day, he met with the undercover detective in person and discussed his plan to use them against Kiswani and flee the country, according to the complaint. “We have (Kiswani’s) address,” Heifler allegedly told the undercover. “So it’s like that, that would be easier if you’d be more comfortable with that.”
Heifler and the undercover detective drove to Kiswani’s residence on March 4 to “conduct surveillance” and discussed making a dozen Molotov cocktails to throw at her home and two cars parked outside, complaint said.
On Thursday, the undercover detective and Heifler met at Heifler’s Hoboken residence, where he had assembled components to make the Molotov cocktails, including a large bottle of Everclear, a highly flammable alcohol, the complaint said. Law enforcement officers then executed a search warrant at the residence and recovered the eight Molotov cocktails, the complaint said.
Kiswani co-founded the group Within Our Lifetime, which frequently organizes protests against Israel that draw hundreds of participants and often end in arrests. The group’s calls to “abolish Zionism” and support for “all forms of struggle,” including violence, has drawn fierce criticism. Kiswani denies that her criticism of Israel amounts to antisemitism.
Kiswani has been a frequent target of online vitriol. Earlier this year, U.S. Rep. Randy Fine, a Florida Republican, sparked backlash after writing in a social media post that “the choice between dogs and Muslims is not a difficult one.” The post was a response to a message Kiswani shared about dog owners, which she said was a light joke.

“That hate against Palestinians has been bolstered by public officials, by Zionist organizations, who are never held accountable,” she said. “This is the inevitable result of that.”
The operation was carried out by the Racially and Ethnically Motivated Extremism unit within the NYPD’s counterterrorism bureau, a police spokesperson said.
“This is exactly how our intelligence and counterterrorism operation is designed to work — a sophisticated apparatus built to detect danger early and prevent violence before it reaches our streets,” Police Commissioner Jessica Tisch said.
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