Good morning. In today’s edition:

• 🤖🏛️ Gov’t-owned AI proposals
• 🏟️ Major sports results
• 💭 Addicted to daydreams

…and much more.

Ready, Set, Go: Today’s news should be a ~4.19-minute read (1,115 words).

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“The best way to find yourself is to lose yourself in the service of others.”

–Mahatma Gandhi (1869-1948)

Over the weekend, President Trump suggested the idea of the US government taking a small ownership position in major AI companies like OpenAI and Anthropic, saying it "could be a beautiful thing."

• OpenAI CEO Sam Altman has spent more than a year discussing versions of the proposal with top Trump admin officials including the president, per reports.
• Trump’s comments came days after Sen. Bernie Sanders (I-VT) proposed a similar but far more ambitious plan that would see the government own a significant share of equity in top AI firms.

The stakes are high

Many AI leaders believe the technology could create enormous wealth while also disrupting jobs and reshaping the labor market. As some of the industry's biggest companies move closer to public stock market debuts, some policymakers and AI leaders are debating whether the financial benefits should be shared more broadly with the public.

The two proposals from Trump and Sanders are rooted in the same idea: if AI creates massive new wealth, the public should share in a portion of it. But their ideas on how the process should work paint a different story.

Under Trump's version: AI companies would voluntarily contribute around 1%-5% ownership stakes to a public wealth fund, meaning Americans would share in a portion of the profits generated by AI giants over time.

Under Sanders’ version: Major AI firms would be required to hand over 50% stock ownership to a public wealth fund under a one-time tax, including voting shares and representation on company boards. This would grant the US gov’t some decision-making influence over America’s largest AI companies, with the ability to advocate for policies in the public interest.

Not everyone is convinced

While neither ownership proposal appears close to becoming law, critics from across the political spectrum have already raised concerns.

• Some policy experts warn government ownership could create conflicts of interest by making Washington both a regulator and shareholder in the same companies.
• Free-market advocates argue federal ownership could distort competition by giving certain companies an implicit government endorsement, while others contend the proposals don't go nearly far enough.

Meanwhile, on Capitol Hill…A bipartisan group of House lawmakers on Thursday unveiled a draft bill that would establish a national framework for AI regulation, touching on areas including content moderation, cybersecurity, research security, and risk management. It comes days after President Trump signed an executive order on AI safety and cybersecurity.

📊 Flash poll: In your opinion, should the US government take equity stakes in major American AI companies?

• Yes
• No
• Unsure/other

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BUSINESS & MARKETS

• 📉 US stocks suffer massive, AI-led selloff on Friday, with the Nasdaq notching its worst session since April 2025 (S&P: -2.6% | Dow: -1.3% | Nasdaq: -4.2%).
• 💼 May jobs report: US economy added 172,000 jobs last month, far higher than the ~80,000 expected by economists, while the unemployment rate held at 4.3%.
• ✈️ Global airline industry nearly halves its ​2026 profit forecast to $23 billion, citing conflict in the Middle East that’s driven up fuel costs and disrupted key air ‌corridors.

SPORTS, MEDIA & ENTERTAINMENT

• 🎾 French Open: World #3 Alexander Zverev of Germany wins first Grand Slam title on the men’s side; 19-year-old Mirra Andreeva of Russia wins her first Grand Slam title on the women’s side. | 🥎 Women’s College World Series: Texas wins over Texas Tech for the second consecutive year. | 🐎 Golden Tempo wins 158th running of the Belmont Stakes; he’s the second horse in as many years to win the Kentucky Derby and Belmont, but sit out the Preakness in the middle.
• 🏀 NBA Finals: New York Knicks take a 2-0 series lead over the San Antonio Spurs, with Game 3 at NYC’s Madison Square Garden tonight. | 🏒 NHL Stanley Cup Final: Vegas Golden Knights beat Carolina Hurricanes in epic double OT Game 3 to take a 2-1 series lead.
• 🏆🎭 2026 Tony Awards took place last night at NYC’s Radio City Music Hall; see the winners.

Don't wait for the to-do list to end before giving yourself a chance to pause. Mindful offers short, expert-led sessions with guided meditations and breathing exercises that help quiet mental clutter and bring your focus back to what's in front of you.

Whether you have 2 minutes or 12, guided meditations, mindfulness articles, and breathing exercises are available whenever the day starts pulling you in too many directions.

SCIENCE, SPACE & EMERGING TECH

• 🪱🐄 USDA confirms second case of New World screwworm in Texas; flesh-eating parasite, which could pose a significant economic threat to Texas’ cattle industry, has moved north through Mexico over the past year.
• 🧑‍🚀 NASA issues, then reverses, evacuation order for astronauts onboard the ISS due to worsening air leak.
• ⚡ Brief pulses of electricity can reverse stem-cell aging in sea squirts and significantly extend their lifespans, new study reveals; results could yield new approaches for slowing age-related decline in humans.

US, WORLD & POLITICS

• 💥 Iran fired several waves of missiles toward Israel yesterday, after a deadly Israeli airstrike on Lebanon hours earlier targeting the Iran-backed Hezbollah militants; it’s the first time Iran has targeted Israel since Tehran’s ceasefire with the US took effect in April.
• 🗳️ Democrat Xavier Becerra advances to the general election for California governor; Republican Steve Hilton, a former Fox News commentator backed by President Trump, appears on track to face off against Becerra in November.
• 🏛️ Senate Republicans approve ICE and Border Patrol funding through the end of President Trump's second term; it comes after GOP lawmakers rejected multiple Democrat-sponsored amendments targeting Trump policies, including to permanently ban his "Anti-Weaponization” fund.

☝️ Scientists identify fossil evidence as a new child-size scorpion species, now named Praearcturus, that roamed the UK ~400 million years ago and is thought to be largest scorpion to ever exist.

🤔 Did you know? In 1937, the US military approached Hershey’s about making a chocolate bar that should taste only "a little better than a boiled potato" for emergency rations. The Army wanted a bar that tasted bad enough for soldiers to avoid digging into their emergency stash of food before they truly needed it.

📰 Worth a read: The cattle empire that turned out to be a giant Ponzi scheme.

🖱️ What we’re clicking:

• 2%-4% of the population may be addicted to daydreams
• Test your finance knowledge against savvy high-schoolers
• How to get your money's worth from YouTube Premium

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On Friday, we covered how a growing number of Republican lawmakers in recent weeks have raised concerns or voiced opposition to several new Trump admin priorities, including a largely symbolic House vote seeking a halt to the Iran war without congressional approval.

❓ Our question to you: Do you approve or disapprove of President Trump’s job performance so far in his second term?

• Approve: 23%
• Disapprove: 72%
• Unsure/other: 5%

Click here to read some of the most thoughtful longform responses.

+Note on sample size: We received 816 votes and 71 longform responses.

Monday: Apple kicks off Worldwide Developers Conference (ends Friday); NBA Finals Game 3

Tuesday: Stanley Cup Finals Game 4

Wednesday: Consumer Price Index for May; NBA Finals Game 4

Thursday: Weekly unemployment claims; Stanley Cup Finals Game 4;

Friday: SpaceX to begin trading in largest IPO ever; Steven Spielberg’s Disclosure Day hits theaters

Guess the definitions of the following Greek/Latin root words:

1. Cand
2. Femor
3. Host
4. Mur
5. Pand

📲 A dad turned his five-year-old daughter’s diabetes diagnosis into a Candy Crush-style video game that teaches insulin dosing and ketone tracking in an easily digestible way.

+Note: This story previously appeared in Positive DONUT.

1. Cand = Glowing (e.g., candle)
2. Femor = Thigh (femoral)
3. Host = Enemy (hostile)
4. Mur = Wall (mural)
5. Pand = Spread (expand)

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