The Spine

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CNN

OpenAI files confidential IPO paperwork as Anthropic and SpaceX also prepare to go public

OpenAI has confidentially filed for an initial public offering, though the company said it has not decided on timing. The filing comes after rival Anthropic announced plans to go public and ahead of SpaceX's planned market debut. OpenAI was last valued at $852 billion following a $122 billion fundraising round in March.

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Washington Examiner

EPA Moves to Clarify Clean Air Act Rules for Advanced Plastic Recycling Technologies

EPA Administrator Lee Zeldin announced a plan to encourage advanced recycling, a set of technologies that break down used plastics into molecular components for reuse in manufacturing. The EPA has accepted public comments on a proposed rule that would clarify advanced recycling facilities, including those using pyrolysis, should not be regulated as incineration under the Clean Air Act.

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Associated Press, CNN

U.S. job openings rise to 7.6 million in April, highest level in nearly two years

U.S. employers posted 7.62 million job openings in April, up from 6.89 million in March, the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) reported Tuesday. The April figure beat economist forecasts of 6.8 million and marked the highest level since May 2024. Layoffs fell in April, though the rate of workers quitting their jobs and the pace of gross hiring also declined.

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CNN, NPR

Federal Reserve Bank of New York reports sharp rise in food insecurity since pandemic peak

The Federal Reserve Bank of New York released a report on Wednesday showing a significant increase in food insecurity among American households since 2020. Researchers updated a 2020 pandemic-era analysis using data from the New York Fed's Survey of Consumer Expectations, finding that food insecurity now affects more households than it did at the height of the coronavirus pandemic. The share of households reporting insufficient food rose from 4% in June 2020 to 10% in February 2026.

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CNN, NPR

Federal Reserve Bank of New York report finds food insecurity higher now than at pandemic peak

The Federal Reserve Bank of New York released a report on May 27, 2026, showing food insecurity among American households has risen above levels recorded during the peak of the COVID-19 pandemic. The report, which updated a 2020 analysis using new data from the NY Fed's Survey of Consumer Expectations, found that 10% of households surveyed in February 2026 reported not having enough food, up from 4% in June 2020.

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CNN, NPR

Federal Reserve Bank of New York report documents rise in food insecurity since 2020

The Federal Reserve Bank of New York released a report on Wednesday showing that food insecurity among American households has increased substantially since 2020. Researchers updated a pandemic-era analysis using data from the bank's Survey of Consumer Expectations, finding that more Americans now report skipping meals, receiving food assistance, and drawing down savings to cover expenses than at the height of the coronavirus pandemic in May and June 2020.

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CNN, NPR

New York Fed report finds food insecurity higher now than during pandemic peak

A new Federal Reserve Bank of New York report, published Wednesday, found that food insecurity among American households has risen above levels recorded in May and June of 2020, during the height of the coronavirus pandemic. The findings draw on updated data from the New York Fed's Survey of Consumer Expectations and show particular increases among lower-income households and families with young children.

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CNN, Associated Press

US mortgage rates rise to 6.51%, highest level in nine months, as bond market turmoil persists

The average 30-year fixed-rate mortgage rose to 6.51% this week, its highest level since August of last year, according to Freddie Mac. The increase marks the sharpest weekly jump in mortgage rates since April 2025. Rates are still below the 6.86% recorded in mid-May of last year.

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CNN, NPR, Reuters +1

Jury rules Elon Musk's lawsuit against OpenAI was filed too late, dismissing all claims

A nine-member advisory jury in Oakland, California, unanimously ruled on Monday that Elon Musk waited too long to sue OpenAI, CEO Sam Altman, and president Greg Brockman, finding all claims barred by the statute of limitations. Judge Yvonne Gonzalez Rogers of the U.S. District Court for the Northern District of California accepted the jury's verdict and dismissed the case. Deliberations lasted less than two hours.

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CNN, Associated Press

Cyberattack on Canvas learning platform disrupts finals season for millions of students across the US

A cyberattack on Canvas, the cloud-based learning platform operated by parent company Instructure, knocked the service offline Thursday, affecting more than 8,000 institutions and 30 million active users globally during final exam season. The hacking group ShinyHunters claimed responsibility for the breach, demanding ransom payments to prevent data leaks. Instructure announced Friday morning that Canvas was "fully back online and available for use," though some schools continued to restrict access out of caution.

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Washington Examiner, Associated Press

Apple agrees to $250 million settlement over false advertising of Siri AI features

Apple on Tuesday reached a $250 million class-action settlement in California federal court over allegations that it falsely advertised AI capabilities for its Siri voice assistant. The settlement covers eligible owners of iPhone 15 Pro, iPhone 15 Pro Max, and all iPhone 16 models purchased in the United States between June 10, 2024 and March 29, 2025, who would each receive between $25 and $95. Apple did not admit wrongdoing, and the agreement requires approval from U.S. District Judge Noel Wise at a hearing scheduled for June 17.

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CNN, NPR, Associated Press +4

Ted Turner, founder of CNN and pioneer of 24-hour cable news, dies at 87

Ted Turner, the founder of CNN and creator of the 24-hour cable news format, died Wednesday surrounded by his family at age 87, according to Turner Enterprises. Turner had publicly disclosed a diagnosis of Lewy body dementia in 2018. He is survived by five children, 14 grandchildren, and two great-grandchildren.

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NPR, CNN, Associated Press +3

Spirit Airlines shuts down after 34 years, ending operations immediately following failed rescue talks

Spirit Airlines announced on May 2, 2026, that it was beginning an "orderly wind-down of operations, effective immediately," canceling all flights and shutting down customer service after 34 years in business. The airline, which employed approximately 17,000 people, had been in its second bankruptcy proceeding and was unable to secure a rescue deal with the Trump administration. Spirit instructed customers not to go to airports and said refunds would be issued for tickets purchased by credit or debit card.

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Washington Examiner, Associated Press

United Airlines CEO Scott Kirby withdraws merger proposal after American Airlines declines to engage

United Airlines CEO Scott Kirby announced Monday that a proposed merger with American Airlines would not move forward after American declined to participate in negotiations. Kirby said he had approached American directly about a combination but that American "responded by publicly closing the door." American had previously stated it was "not engaged with or interested in any discussions" about a merger.

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