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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

đŸŠŸ 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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đŸ“±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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The New Harvard Trend? Getting Punched in the Face.

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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. “After the fight, I never felt so capable in my life,” she said.

Modern life — lived on screens or amid the constant distraction of screens — can feel isolating. She sees boxing as a way to engage with people. “You feel really human,” she said. “You feel a connection with the person you’re fighting. Like we’re in this together.”

Mr. Lake said he intended for Harvard’s 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 group’s president, George Chamberlain, who coaches the University of Iowa’s boxing club.

The well-attended fight night at Babson, which also included boxers from Brandeis University, reflected the growing interest.

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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. “I like the technique side of it,” Mr. Jiang said of boxing, “the science behind the sport.”

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 — though, as the heavyweight Mike Tyson famously noted, everyone has a plan until they get punched in the face.

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Frontier Airlines plane hits person on runway during takeoff at Denver airport

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Frontier Airlines plane hits person on runway during takeoff at Denver airport

A Frontier Airlines plane hit a person on the runway of Denver’s international airport during takeoff, sparking an engine fire and forcing passengers to evacuate, authorities said.

The plane, headed to Los Angeles, “reported striking a pedestrian during takeoff” at about 11.19pm on Friday, the Denver airport’s official X account wrote.

Neither the airport nor the airline has disclosed the person’s condition.

“We’re stopping on the runway,” the pilot of the plane involved told the control tower at one point, according to the site ATC.com. “We just hit somebody. We have an engine fire.”

The pilot told the air traffic controller they have “231 souls” on board – and that an “individual was walking across the runway”.

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The air traffic controller responded that they were “rolling the trucks now” before the pilot told the tower they “have smoke in the aircraft”.

“We are going to evacuate on the runway,” the pilot added.

Frontier Airlines said in a statement that flight 4345 was the one involved in the collision – and that “smoke was reported in the cabin and the pilots aborted takeoff”. It was not clear whether the smoke was linked to the crash with the person.

The plane, an Airbus A321, “was carrying 224 passengers and seven crew members”, the airline said. “We are investigating this incident and gathering more information in coordination with the airport and other safety authorities.”

Passengers were then evacuated using slides, and the emergency crew bused them to the terminal.

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Denver’s airport said the National Transportation Safety Board (NTSB) had been notified and that runway 17L – where the incident took place – will remain closed while an investigation is conducted.

Friday’s episode at Denver’s airport came one day after a Delta Airline employee died on Thursday night at Orlando’s 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.

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Video: How Trump Is Prioritizing White People as Refugees

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Video: How Trump Is Prioritizing White People as Refugees

new video loaded: How Trump Is Prioritizing White People as Refugees

President Trump has upended the U.S. refugee program to prioritize mainly white Afrikaners. Our White House correspondent Zolan Kanno-Youngs reports he is now is now considering doubling the amount he allows into the country.

By Zolan Kanno-Youngs, Gilad Thaler, Stephanie Swart, Jon Miller and Whitney Shefte

May 8, 2026

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