The Powers That Be: Daily

Ian Krietzberg joins Peter to break down Apple’s shocking lawsuit against OpenAI, which accuses Sam Altman’s company of running a sweeping corporate espionage campaign to steal trade secrets from Cupertino. Then Ian gets into the politics of A.I. this midterm season—and why voter anxiety about A.I. and data centers hasn’t quite caught fire at the ballot box yet.

Mariana Sotomayor joins Peter to examine the sudden loss of Lindsey Graham and what it means for a Republican Party that’s losing its old-school operators faster than it can replace them. Then they turn to Trump’s continued pressure campaign for the Save America Act, and whether Hill Republicans have any realistic path to passing it before the midterms.

Jon Kelly and Peter Hamby reunite to exchange notes on this year’s Silicon Valley catwalk and the event’s new position in the firmament. The duo also discuss the media’s role in the Graham Platner fiasco.

The New York Times’ Maggie Haberman and Jonathan Swan join Dylan for an inside look at their new book, ‘Regime Change: Inside the Imperial Presidency of Donald Trump,’ which moved an extraordinary 300,000 copies in its first week. They shed light on their reporting process, why the book has cut through despite widespread Trump fatigue in media, where their reporting partnership goes from here, and more.

Bill Cohan joins Peter to make sense of an I.P.O. market that may be in way over its head. He discusses Bending Spoons, whose portfolio of old internet companies just went public at 35 times EBITDA, and Jersey Mike’s, the popular sandwich chain gunning for a $12 billion valuation. Bill explains why both are probably overvalued and evidence that Wall Street banks are willing to sell anything for a quick buck.

John Ourand joins Peter to debrief on a blockbuster World Cup that’s delivering massive TV ratings and renewing optimism among soccer officials about the sport’s future in the U.S. Then they turn to MLB, where an otherwise terrific season is heading into the All-Star break under the familiar cloud of player–owner labor tensions.

Dylan Byers joins Peter to make the case that Versant is more than its declining linear assets—pointing to the acquisition of Full Swing, the popular golf simulator, as a sign of broader ambitions beyond cable. Dylan also weighs into Sky’s acquisition of ITV, which will make the combined company an attractive acquisition target—assuming they can clear the regulatory hurdles ahead.

Leigh Ann Caldwell joins Peter to break down the Democrats’ Senate fiasco in Maine, where progressive nominee Graham Platner is reconsidering his campaign after an ex-girlfriend publicly accused him of sexual assault. Then Leigh Ann walks through a fascinating research project that’s been tracking a core group of voters since 2024—and what their evolving feelings about Donald Trump reveal about the political landscape today.

After a restful fourth, true patriots Jon Kelly and Peter Hamby reunite to dig into the second-order effects of the Comcast split news. Who will buy NBCU? What will happen to the news division? Was this cleavage foreshadowed when Brian Roberts overpaid for NBA rights? Then they segue into Axel Springer’s likely vision for The Telegraph in the U.S. market.

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