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đ Donald Trump x Elon Musk?
Good morning, Quartz readers!
HEREâS WHAT YOU NEED TO KNOW
Donald Trump is close to collabing with Elon Musk. The presidential candidate wants the tech billionaire to lead a âgovernment efficiency commission.âÂ
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 competitorsâ 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. Itâs 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 âsoft landingâ 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 countryâs fiscal well-being.
Quartzâs 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.
THATâS A MIGHTY BIG MATTRESS
Family offices are gaining ground on hedge funds as the favorite safe havens of the wealthiest peopleâs wealth, says Deloitte.
The consultancy expects the fortunes stowed with the investment vehicles to reach $9 trillion by 2030 â nearly triple the amount from just a few years ago â as the upper-est crust grows tired of sharing its returns with riff-raff who donât share a bloodline.
Quartzâs Madeline Fitzgerald explains not just what a family office is, but what the conceptâs growing popularity means for the future of global finance.
MORE FROM QUARTZ
đŠŸ OpenAI hit 1 million paid business users for ChatGPT â with possible price increases coming
đ° Mark Cuban says Kamala Harris will definitely not tax unrealized capital gains
đ±New Mexico sued Snapchat for allowing âsextortionâ and sexual abuse targeting children
đ Half of Americans will start their holiday shopping even before Halloween
đAn Eli Lilly experiment could let insulin-using diabetes patients avoid 313 injections
đ 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 virusâs spike protein.
Cats might be hiding how much they like playing fetch. A survey of cat people says 41% of them âsometimes, frequently or alwaysâ bring back thrown objects.
Colonial Americans rioted over pine trees. The British Crownâs 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 â 1+4+8+5+5=23, his playing number â and hasnât 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. Todayâs Daily Brief was brought to you by Melvin Backman and Morgan Haefner.
News
The New Harvard Trend? Getting Punched in the Face.
Her opponent at the Babson fight night was her Harvard teammate Muskaan Sandhu, 18, a freshman, who had sparred before. No one likes getting hit, Ms. Sandhu said, but she liked learning that she could take a punch.
It made her feel she could do anything. âAfter the fight, I never felt so capable in my life,â she said.
Modern life â lived on screens or amid the constant distraction of screens â can feel isolating. She sees boxing as a way to engage with people. âYou feel really human,â she said. âYou feel a connection with the person youâre fighting. Like weâre in this together.â
Mr. Lake said he intended for Harvardâs club to join the National Collegiate Boxing Association, a nonprofit that provides structure and safety rules. The N.C.B.A. represents about 840 athletes, an 18 percent increase from a year ago, said the groupâs president, George Chamberlain, who coaches the University of Iowaâs boxing club.
The well-attended fight night at Babson, which also included boxers from Brandeis University, reflected the growing interest.
Before it began, a volunteer passed out waiver documents. Most of the boxers immediately flipped to the end and signed. Mr. Jiang, of Harvard, appeared to be the only one who read it.
He was a mixed martial arts fan who resolved to try a combat sport in college. âI like the technique side of it,â Mr. Jiang said of boxing, âthe science behind the sport.â
His fight plan, he explained, was to control the action with his jab and occasionally throw the right hand, to maintain good defense and try to tire out his opponent.
It seemed a solid strategy â though, as the heavyweight Mike Tyson famously noted, everyone has a plan until they get punched in the face.
News
Frontier Airlines plane hits person on runway during takeoff at Denver airport
A Frontier Airlines plane hit a person on the runway of Denverâs international airport during takeoff, sparking an engine fire and forcing passengers to evacuate, authorities said.
The plane, headed to Los Angeles, âreported striking a pedestrian during takeoffâ at about 11.19pm on Friday, the Denver airportâs official X account wrote.
Neither the airport nor the airline has disclosed the personâs condition.
âWeâre stopping on the runway,â the pilot of the plane involved told the control tower at one point, according to the site ATC.com. âWe just hit somebody. We have an engine fire.â
The pilot told the air traffic controller they have â231 soulsâ on board â and that an âindividual was walking across the runwayâ.
The air traffic controller responded that they were ârolling the trucks nowâ before the pilot told the tower they âhave smoke in the aircraftâ.
âWe are going to evacuate on the runway,â the pilot added.
Frontier Airlines said in a statement that flight 4345 was the one involved in the collision â and that âsmoke was reported in the cabin and the pilots aborted takeoffâ. It was not clear whether the smoke was linked to the crash with the person.
The plane, an Airbus A321, âwas carrying 224 passengers and seven crew membersâ, the airline said. âWe are investigating this incident and gathering more information in coordination with the airport and other safety authorities.â
Passengers were then evacuated using slides, and the emergency crew bused them to the terminal.
Denverâs airport said the National Transportation Safety Board (NTSB) had been notified and that runway 17L â where the incident took place â will remain closed while an investigation is conducted.
Fridayâs episode at Denverâs airport came one day after a Delta Airline employee died on Thursday night at Orlandoâs international airport when a vehicle struck a jet bridge next to an airplane with passengers onboard, as the local news outlet WESH reported.
Meanwhile, on 3 May, a United Airlines plane arriving in Newark, New Jersey, from Venice, Italy, clipped a delivery truck and a light pole, which in turn struck a Jeep. Only the delivery truck driver was injured, but the plane was damaged extensively and the NTSB classified the case as an accident while also opening an investigation.
News
Video: How Trump Is Prioritizing White People as Refugees
new video loaded: How Trump Is Prioritizing White People as Refugees
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