Getty Images

Yat-Gai Au, CEO of a Chinese herbal medicine company, is now one of the richest men on earth

But his wealth may be fleeting: the stock is down about 20% in premarket trading. Life comes at you fast.

6/18/25 8:49AM

Yat-Gai Au, CEO and founder of the Chinese herbal medicine company Regencell Bioscience, is now one of the richest men in the world. His company does not generate any revenue, let alone a profit.

His 86% stake in the company is now worth about $33.2 billion. In January, when the stock was a split-adjusted $0.13, his stake was worth just over $55 million.

That makes him the 56th-richest person in the world, according to the Bloomberg Billionaires Index. Au is now richer than some high-profile investors like Peter Thiel or Bill Ackman.

His skyrocketing wealth coincides with an insane rally in his company’s stock. Regencell is up 59,000% this year as of market close on Tuesday.

But his wealth may be fleeting: the stock is down about 20% in premarket trading. Life comes at you fast.

Meta wins in FTC antitrust trial

The five-year-long case results in another big win for Big Tech as companies evade aging antitrust laws.

Jon Keegan11/18/25

Congress votes to end shutdown

The over 40-day government shutdown came to an end without a guarantee that the ACA tax credits will be extended.

J. Edward Moreno11/12/25

Jon Keegan11/12/25

OpenAI: The New York Times is forcing us to turn over 20 million ChatGPT conversations

A judge in the The New York Times’ copyright lawsuit against OpenAI (and Microsoft) has ordered that the ChatGPT maker hand over the conversations of 20 million users to the Times’ lawyers, in an effort to find examples of copyright violations.

Today, OpenAI is lobbying the public in a last-ditch effort to prevent the release, which is due Friday:

“The New York Times is demanding that we turn over 20 million of your private ChatGPT conversations. They claim they might find examples of you using ChatGPT to try to get around their paywall. This demand disregards long-standing privacy protections, breaks with common-sense security practices, and would force us to turn over tens of millions of highly personal conversations from people who have no connection to the Times’ baseless lawsuit against OpenAI.”

If the company’s final appeals to the court do not succeed, OpenAI explains that it will de-identify the chat logs, scrub any personally identifying information from the chats, and that technical experts hired by The New York Times’ legal team will be the only ones who can examine the data, which will be tightly controlled.

Fighting the New York Times’ invasion of user privacy

Today, OpenAI is lobbying the public in a last-ditch effort to prevent the release, which is due Friday:

“The New York Times is demanding that we turn over 20 million of your private ChatGPT conversations. They claim they might find examples of you using ChatGPT to try to get around their paywall. This demand disregards long-standing privacy protections, breaks with common-sense security practices, and would force us to turn over tens of millions of highly personal conversations from people who have no connection to the Times’ baseless lawsuit against OpenAI.”

Millie Giles

THE BILL, PLEASE

11/10/25

The Senate just advanced a deal that could end the government shutdown

Prediction markets have done a U-turn as Washington looks to end the longest government shutdown in US history.

USA government shutdown, political crisis concept illustration

Max Knoblauch11/4/25

Big four airlines sink as Transportation Secretary Duffy says parts of US airspace could close if shutdown continues

The US may close parts of its airspace as early as next week if the government shutdown continues, according to comments made by Transportation Secretary Sean Duffy on Tuesday.

“If you bring us to a week from today, Democrats, you will see mass chaos. You will see mass flight delays. You’ll see mass cancellations, and you may see us close certain parts of the airspace, because we just cannot manage it,” Duffy said at a news briefing on Tuesday.

The shutdown, which entered its 35th day on Tuesday, has fueled already problematic shortages of air traffic controllers. This week, airlines said 3.2 million passengers have faced delays or cancellations because of the shortages. Last week, about 13,000 air traffic controllers and 50,000 TSA agents received their first $0 paycheck amid the shutdown.

Shares of the big four US airlines all sank on Duffy’s comments, with United Airlines, American Airlines, and Delta Air Lines all down more than 5%.