Matt Levine discusses just not buying SpaceX, the Alpha capture gig economy, AI lawyers, the Meta trade school for building data centers, and soccer results risk management.

SpaceX’s plan for a massive initial public offering has been the talk of the investing world this spring. Yet the confetti will barely have been swept off the floor of the Nasdaq when listings from OpenAI and Anthropic PBC get going. The firms, which are among the most influential in artificial intelligence, are expected to go public as soon as the fall.

CoreWeave Inc.’s stock price has more than doubled since the AI data center operator’s March 2025 initial public offering. Over the same period, the company’s executives have unloaded more than $2.3 billion worth of their own holdings.

BitGo Holdings Inc. soft-pedaled the scope of risks tied to faltering digital asset prices on the cryptocurrency wallet firm’s financials during its initial public offering, a proposed class action said.

Herbert Smith Freehills Kramer is setting its sights on Texas as part of the transatlantic law firm’s plan to double its US revenue to $1 billion in the next five years.

New York is looking to bring its existing guidelines for operating payment stablecoins in line with new federal requirements.

The EPA’s first effort to use an emerging type of scientific data to calculate the amount of a chemical that is hazardous drew praise from chemical manufacturers and criticism from environmental health groups, who said the agency ignored evidence of the chemicals’ harms.

Amazon.com Inc.’s challenge to an historic union win at a New York City warehouse will remain in the Fifth Circuit after a divided appeals court panel rejected the National Labor Relations Board’s transfer request.

A Minnesota federal court paused a lawsuit seeking to determine whether a Tokio Marine Holdings Inc. unit has to provide coverage for cases against a stone slab manufacturer brought by workers who allege they were harmed by inhaling silica dust.

Ohio’s now-departed attorney general failed to convince a state appeals court to revive his years-long attempt to regulate Google like a public utility, with a panel ruling that its search function doesn’t operate in a manner that allows for such oversight.

CoreWeave Inc.’s stock price has more than doubled since the AI data center operator’s March 2025 initial public offering. Over the same period, the company’s executives have unloaded more than $2.3 billion worth of their own holdings.

Anthropic PBC is widely releasing a version of Mythos that will be blocked from carrying out cybersecurity tasks, months after warning that the powerful artificial intelligence model could spot and exploit vulnerabilities in critical software.

A House Democrat leading a bipartisan framework on artificial intelligence voiced a cautiously optimistic tone despite emerging opposition to the effort and legislative timing constraints.

A federal indictment charging a lawyer for LGBTQ+ rights group Lambda Legal with making a false statement in connection with alleged judge shopping has been dismissed, according to a filing by defense counsel in the case.

Fox Rothschild LLP was sued Tuesday by a plaintiff who said the law firm failed to sufficiently protect her data from cybercriminals who may have taken her Social Security number.

A new watchdog report on the IRS’s handing of a data-sharing agreement with Immigration and Customs Enforcement undercuts the tax agency’s arguments in court, a new filing by a group suing over the issue said.

A federal judge declined to certify a class seeking to quash the Justice Department’s investigation into medical records of transgender youth.

A top Republican senator is working on a legislative deal with the White House that would preempt state laws on artificial intelligence while creating protections for children and addressing risks like deepfakes.

Amazon.com Inc.’s challenge to an historic union win at a New York City warehouse will remain in the Fifth Circuit after a divided appeals court panel rejected the National Labor Relations Board’s transfer request.

Celebrity tattoo artist Kat Von D’s appellate win in a copyright suit over her use of a photographer’s Miles Davis portrait to tattoo her friend with the jazz legend will be reviewed by a full panel of the US Court of Appeals for the Ninth Circuit.

A federal indictment charging a lawyer for LGBTQ+ rights group Lambda Legal with making a false statement in connection with alleged judge shopping has been dismissed, according to a filing by defense counsel in the case.

A federal judge gave preliminary approval to a $200 billion settlement in a fight between Visa Inc. and Mastercard Inc.and retailers in decades-long litigation over so-called swipe fees.

A Minnesota federal court paused a lawsuit seeking to determine whether a Tokio Marine Holdings Inc. unit has to provide coverage for cases against a stone slab manufacturer brought by workers who allege they were harmed by inhaling silica dust.

A California district court must reconsider whether state or federal law allows United Parcel Service Inc. to push a former driver’s wage claims into arbitration, a federal appeals court ruled.