Rising gasoline prices pushed inflation to its highest level in almost three years in April. Consumer prices were up 3.8% from a year ago.
A special edition of Monopoly made in the USA highlights the difficulties of domestic manufacturing, with high costs and supply chain challenges. CEO Jonathan Silva faced issues finding US-based suppliers for components like dice, ultimately having to import them. The experiment doubled manufacturing costs compared to China, where a robust factory ecosystem exists.
Reed Jobs discusses his oncology-focused venture firm Yosemite, which builds biotech companies from academic research using philanthropy and venture capital. He highlights the firm's progress, the impact of AI on drug discovery and clinical trials, and the potential of targeting previously undruggable genes like p53.
Shopping startup Phia, co-founded by Phoebe Gates and Sophia Kianni, faces accusations of "cookie stuffing" to falsely claim sales commissions. This led to its suspension from Impact.com, with a Bloomberg investigation detailing how Phia allegedly overrode other affiliate codes during checkout.
Apple has filed a lawsuit against OpenAI, accusing the AI company of benefiting from stolen trade secrets. Apple alleges that former employees now at OpenAI, including its chief hardware officer Tang Tan, wrongfully took confidential information about unreleased technologies and products.
Apple has filed a lawsuit against OpenAI, alleging trade secret theft and breach of contract. The company claims OpenAI's senior leadership, including Chief Hardware Officer Tang Tan, directed misconduct involving confidential Apple information and employees.
College social app Fizz alleges investor Jerry Lu of Maveron shared its non-public business information with rival Sidechat after posing as a potential investor. The lawsuit claims Lu acted as a conduit for strategy, metrics, and fundraising details, raising concerns about VC practices in competitive startup markets.
