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Max Knoblauch

Delta dips as the Trump administration orders the end of its joint venture with Aeromexico

Shares of Delta Air Lines ticked down on Tuesday morning following the Trump administration’s order that the airline dissolve its approximately 9-year-old joint venture with Aeromexcio by January 1, 2026.

Delta said it was disappointed in the decision, adding that the termination will “cause significant harm to U.S. jobs, communities and consumers traveling between the U.S. and Mexico.” CEO Ed Bastian previously said that the administration’s regulatory stance could be a “breath of fresh air” for the aviation industry.

The Biden administration tentatively decided last year to not renew the antitrust immunity agreement covering the joint venture. At the time, Delta said “$800 million in annual consumer benefits would evaporate” if the partnership were terminated.

Collaboration isn’t over between the two airlines: the Department of Transportation said Delta can maintain its 20% stake in the Mexican airline and the partnership can continue through “arms-length activities such as codesharing, marketing, and frequent flyer cooperation.”

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Jon Keegan

White House releases watered-down executive order on AI

The White House released a weakened executive order on AI on Tuesday, a little more than a week after killing a previous version of the order after what was reportedly intense, direct lobbying of the Oval Office by tech executives.

The order’s most significant change to what was reported in late May is a shortened window of voluntary government review of new models from 90 days to 30 days.

After Anthropic’s Mythos model spooked companies and governments around the world, the White House was reportedly ready to respond with an executive order that would have given the government access to unreleased frontier models for up to 90 days before public release, to ensure safety.

Top AI companies were briefed on the proposed executive order, and a White House event with an extensive roster of tech executives was ready to go, but it was killed at the last minute, according to reports. Axios reported that last-minute lobbying by former White House AI and Crypto Czar David Sacks, along with other tech executives, helped convince President Trump to kill the order. Trump told reporters, “I didn’t like certain aspects of it. I postponed it.”

The now finalized order calls for the creation of an “AI cybersecurity clearinghouse” in concert with the AI industry, and directs national security agencies to develop and maintain a “classified benchmarking process” to review the capabilities of new frontier models.

Promoting Advanced Artificial Intelligence Innovation and Security

Promoting Advanced Artificial Intelligence Innovation and Security

After Anthropic’s Mythos model spooked companies and governments around the world, the White House was reportedly ready to respond with an executive order that would have given the government access to unreleased frontier models for up to 90 days before public release, to ensure safety.

Top AI companies were briefed on the proposed executive order, and a White House event with an extensive roster of tech executives was ready to go, but it was killed at the last minute, according to reports. Axios reported that last-minute lobbying by former White House AI and Crypto Czar David Sacks, along with other tech executives, helped convince President Trump to kill the order. Trump told reporters, “I didn’t like certain aspects of it. I postponed it.”

The now finalized order calls for the creation of an “AI cybersecurity clearinghouse” in concert with the AI industry, and directs national security agencies to develop and maintain a “classified benchmarking process” to review the capabilities of new frontier models.

power
Jon Keegan

Sen. Bernie Sanders: US government should own half of big AI companies in an “American AI Sovereign Wealth Fund”

Anti-AI sentiment appears to be on the rise — commencement speakers being booed at the mention of AI, local officials losing their jobs over support for data center deals, and public polling showing a continued unease surrounding AI use.

Senator Bernie Sanders (I-Vt.) knows how to read the room.

In an op-ed in The New York Times today, Sanders makes the case that today’s leading AI models were built using public works without permission or compensation:

“When a public resource generates wealth, the public should share in that wealth. A.I. is being built on a public resource far more valuable than oil: the accumulated knowledge, creativity and labor of mankind.”

Sanders plans on introducing legislation to create the “American AI Sovereign Wealth Fund.” This unusual proposal would issue a one-time tax of 50% of the big AI companies — such as OpenAI and Anthropic — paid to the US government in the form of stock. The fund would provide direct payments to Americans as it grows, much like Alaska’s “permanent fund,” which issues checks to its residents from 25% of all oil and mineral leases and sales.

While the idea of just handing over half of OpenAI or Anthropic to Uncle Sam sounds crazy, Sanders points out that AI leaders have been suggesting similar ideas recently as a potential solution to massive labor shifts caused by AI that could eliminate whole categories of jobs.

Additionally, President Trump has already signed an executive order to create a plan for a sovereign wealth fund. Trump has also been keen on the US getting a piece of the action, directing the US government to take public stakes in Intel, MP Materials, Lithium Americas, and Trilogy Metals.

Sanders also argues the public’s large stakes in these companies would give American taxpayers a seat at the table to “block decisions that hurt our citizens and to push for policies that help them.”

Opinion | Bernie Sanders: A.I. Belongs to the People, Not to Billionaires

Opinion | Bernie Sanders: A.I. Belongs to the People, Not to Billionaires

In an op-ed in The New York Times today, Sanders makes the case that today’s leading AI models were built using public works without permission or compensation:

“When a public resource generates wealth, the public should share in that wealth. A.I. is being built on a public resource far more valuable than oil: the accumulated knowledge, creativity and labor of mankind.”

Sanders plans on introducing legislation to create the “American AI Sovereign Wealth Fund.” This unusual proposal would issue a one-time tax of 50% of the big AI companies — such as OpenAI and Anthropic — paid to the US government in the form of stock. The fund would provide direct payments to Americans as it grows, much like Alaska’s “permanent fund,” which issues checks to its residents from 25% of all oil and mineral leases and sales.

While the idea of just handing over half of OpenAI or Anthropic to Uncle Sam sounds crazy, Sanders points out that AI leaders have been suggesting similar ideas recently as a potential solution to massive labor shifts caused by AI that could eliminate whole categories of jobs.

Additionally, President Trump has already signed an executive order to create a plan for a sovereign wealth fund. Trump has also been keen on the US getting a piece of the action, directing the US government to take public stakes in Intel, MP Materials, Lithium Americas, and Trilogy Metals.

Sanders also argues the public’s large stakes in these companies would give American taxpayers a seat at the table to “block decisions that hurt our citizens and to push for policies that help them.”

power
Max Knoblauch

US regulators reportedly appear likely to approve Paramount’s Warner Bros. acquisition

US antitrust regulators appear to be leaning toward approval of Paramount’s $110 billion acquisition of rival Warner Bros. Discovery, according to a Semafor report.

The DOJ’s apparent positive analysis of the Hollywood megamerger follows a Tuesday meeting between Paramount CEO David Ellison and DOJ staffers including acting antitrust chief Omeed Assefi.

Per Semafor, that meeting included a significant number of questions about the would-be streaming giant’s theatrical release priorities. Ellison has pledged to release a “minimum” of 30 films for theaters between Paramount and WBD upon completion of the merger, and to maintain a 45-day theatrical window for films, followed by a three-month SVOD (digital rent or purchase) period before they land on Paramount+.

The DOJ has not yet approved the merger, and the agency’s current apparent analysis could shift.

It’s unclear what other topics were discussed at Tuesday’s meeting. Hollywood insiders critical of a Warner Bros. acquisition have also highlighted that any merger decreasing the number of content buyers would squeeze an already depressed entertainment labor market.

Exclusive: Paramount appears to sway DOJ staff on Warner Bros. takeover

Exclusive: Paramount appears to sway DOJ staff on Warner Bros. takeover

Per Semafor, that meeting included a significant number of questions about the would-be streaming giant’s theatrical release priorities. Ellison has pledged to release a “minimum” of 30 films for theaters between Paramount and WBD upon completion of the merger, and to maintain a 45-day theatrical window for films, followed by a three-month SVOD (digital rent or purchase) period before they land on Paramount+.

The DOJ has not yet approved the merger, and the agency’s current apparent analysis could shift.

It’s unclear what other topics were discussed at Tuesday’s meeting. Hollywood insiders critical of a Warner Bros. acquisition have also highlighted that any merger decreasing the number of content buyers would squeeze an already depressed entertainment labor market.

President Trump Hosts Crypto Summit At The White House

Report: White House AI oversight executive order DOA

After weeks of uncertainty, the White House’s plan to review frontier models before release appears dead.

Jon Keegan5/22/26
power
Jon Keegan

Report: White House informed AI companies about plans for government to vet new models

After weeks of uncertainty about what role if any the White House would play in overseeing the release of new foundation models, this week top AI companies have been briefed on its plans, according to a new report from The Information.

The planned executive order describes a voluntary plan in which the National Security Agency, Office of the National Cyber Director, the White House Office of Science and Technology Policy, and Cybersecurity and Infrastructure Security Agency will decide which models to review, per the report.

The plan is reportedly less strict than AI companies had feared, but it does call for a 90-day testing period before release, a window that is substantially longer than the 14-day window that the companies wanted.

The new order could be signed as soon as this week.

White House Briefs AI Companies on Plan to Review Models Before Release

White House Briefs AI Companies on Plan to Review Models Before Release

The planned executive order describes a voluntary plan in which the National Security Agency, Office of the National Cyber Director, the White House Office of Science and Technology Policy, and Cybersecurity and Infrastructure Security Agency will decide which models to review, per the report.

The plan is reportedly less strict than AI companies had feared, but it does call for a 90-day testing period before release, a window that is substantially longer than the 14-day window that the companies wanted.

The new order could be signed as soon as this week.

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