Apple Sues OpenAI, Alleging the AI Company Stole Trade Secrets

Key takeaways

The new Air Force One's lack of defensive features was a security concern for President Trump, prompting him to use an older plane.
Political disagreements can influence legislative outcomes, as seen with the housing bill and Trump’s veto threat.
The Chinese space program has made a historic achievement by launching and recovering a rocket, reducing costs for satellite launches.
The aviation industry continues to recover, with airlines like Delta and Ryanair experiencing growth and operational challenges.
Hollywood is increasingly sourcing new horror IPs from online platforms, with digital creators benefiting financially from their viral ideas, although this trend comes with potential risks of over-saturation and quality dilution.

Summary

Defense Concerns with New Air Force One

The podcast reports that President Trump flew on an older Air Force One aircraft from Turkey because the new, luxury variant lacked the necessary defensive capabilities. Despite denials from Trump, U.S. officials indicated that Iranian threats, though not entirely credible, prompted concerns about security and led to the decision to switch planes. The precise defenses of Air Force One remain classified.

Political and Economic Updates

President Trump announced he would not sign a bipartisan housing bill due to unresolved issues related to voter ID proposals, with implications that the bill might become law without his signature. Additionally, the housing market shows signs of improvement as more people locked in mortgage rates in June, which could boost upcoming home sales despite a sluggish spring season.

Global and Industry News

In China, a deadly factory fire highlights ongoing safety issues amidst a broader industrial accident record. Meanwhile, China successfully launched and partially recovered a space rocket, marking a significant milestone in its space program, bringing it closer to US capabilities. In aviation, Delta's revenues rose 19% in Q2 despite a profit drop, and EasyJet may be subject to a bidding war amid potential acquisitions. Ryanair experienced an emergency landing caused by engine failure and cabin depressurization.

Horror Movies and Digital Content Innovation in Hollywood

Hollywood is increasingly targeting digital platforms like YouTube, Reddit, and TikTok to find new horror IPs. Studios are showing interest in viral creatures like Siren Head, created by Trevor Henderson, which has earned him over $1 million in movie rights alone. This reflects a shift toward acquiring digital-native properties, but also raises concerns about overproduction and quality in horror films. There’s hope that this digital trend will extend into comedy genres as well.

Show notes

P.M. Edition for July 10. Apple’s lawsuit also names one of OpenAI’s top executives, a former Apple employee. Plus, Israeli intelligence about a possible plot to kill President Trump made U.S. officials concerned about a lack of defensive capabilities on the new Air Force One. The success of films like “Backrooms” and “Obsession” means Hollywood is combing sites like YouTube and Reddit for the next big horror hit. WSJ entertainment reporter Ben Fritz discusses who’s making money from that and what risks there are for film studios. And South Korean chipmaker SK Hynix pops in its U.S. market debut. Alex Ossola hosts.

A 'Mansion Tax' Complicated the Housing Crisis. Could a Federal Bill Fix It?

Sign up for the WSJ's free What's News newsletter.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.