Good evening!

Can’t decide which is the biggest shakeup of the day: OpenAI crafting its own browser, DOJ telling Google to divest Chrome, or Spirit Airlines being delisted on the NYSE. Wild day, that’s for sure.

Here are the 7 things you missed today:

1.  😳 OpenAI Might Be Making Its Own Browser

TL;DR: Watch out, Google. The Information reported an exclusive scoop today that OpenAI has been having conversations about building its own browser and/or powering AI tools on Samsung devices.

Why you should care: This would be a major shakeup in the tech world. OpenAI has such a dominance on the AI field, that it’s safe to assume any product they launch with their AI model at the forefront would create a real competition for leaders like Google or Microsoft.

Read more here →

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3. 🧑‍⚖️ US House Passed A Bill Impacting Non-Profits

TL;DR: If you’re a non-profit, listen up. The US House just passed HR 9495, the Stop Terror-Financing and Tax Penalties on American Hostages Act, that gives the government broad powers to punish non-profit organizations it deems “support terrorism” by stripping them of their tax-exempt status.

Why you should care: There’s still a lot to learn about how this bill will impact non-profit organizations, but the biggest concern right now is how this will be enforced and whether it could have a negative effect on advocacy groups.

Read more here →

5. 😮 DOJ Is Pushing For Google To Divest Chrome

TL;DR: The US Department of Justice is pushing a federal judge to make Google divest its Chrome browser as a remedy to its ruling that the company holds a monopoly in the search market.

Why you should care: Honestly, this is a bold push from the DOJ showing how far they’re willing to take antitrust cases… some may argue too far. This won’t be resolved soon (Google will appeal), so expect to hear more on this record-setting case.

Read more here →

6. 😬 NYSE Delisted Spirit Airlines

TL;DR: It’s an inevitable embarrassment of declaring bankruptcy, but it still stings. Spirit Airlines is now officially a penny stock and will trade in the “pink sheet” market outside of the major venues (watch Wolf of Wall Street if you need to learn more).

Why you should care: That’s a massive fall from grace for such a major, albeit budget, airline. It’s a great case study to follow, and it’ll be interesting to see if any other budget companies reporting losses will follow suit.

Read more here →

7.  💳 BJ’s Wholesale Is Raising Fees For First Time In 7 Years

TL;DR: BJ’s Wholesale Club is raising the price of its annual membership fee for the first time since 2018 by $5 to $60 per year for its basic plan and $120 for its most expensive Club+ plan. The new rates go into effect on January 1, 2025.

Why you should care: Inflation hits everyone at some point, and it’s honestly impressive BJ’s has kept the fees the same for so long. If you’re considering a similar move, keep an eye on how customers respond to this change.

Read more here →

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