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May 6, 2026

The Daily Courant

Kareem’s Hollywood Takes, A Newhouse Art Jackpot, Lululemon in Crisis

Welcome back to The Daily Courant, your afternoon guide to Puck’s best new reporting. Here’s what you need to know…

  • The Hidden Layer: Elon Musk’s improbable lawsuit against OpenAI and Sam Altman could cost the company $134 billion—and, more importantly, prevent OpenAI from going public. Ian Krietzberg assesses Elon’s long legal odds and what happens if history’s most capitalized private company is forced to abandon profit. [Read More]
  • The Best & The Brightest: Joe Biden—who has spent the past year out of public view, battling cancer and ducking Democrats who blame him for Trump’s return to office—has quietly reentered the endorsement game. Peter Hamby digs into the Democratic primaries where the former president is moving the needle. [Read More]
  • Wall Power: Christie’s bombshell $462 million Si Newhouse Jr. art sale could single-handedly save the spring auction season. Marion Maneker previews the 16-piece tranche, and chases the rumor of a mystery guarantor (Jeff Bezos?) backing the whole thing. [Read More]
  • The Varsity: The Premier Lacrosse League is heading into its eighth season with an expanded ESPN deal, a brand-new women’s league, and the Olympics on the horizon. John Ourand talks to co-founder Paul Rabil about the league’s growth story, the team-sale conversations starting to take shape, and the UNC sophomore who could become lacrosse’s Caitlin Clark. [Inner Circle Exclusive]
  • Line Sheet: Lululemon’s stock plummeted after the company announced Nike veteran Heidi O’Neill as its next C.E.O. Malique Morris reveals why Wall Street and the company’s estranged founder, Chip Wilson, aren’t loving the choice. [Read More]
 

Meanwhile, on the pods…

  • The Town: Matt Belloni is joined by Kareem Rahma, host and producer of SubwayTakes, to discuss building a real business on social, the blurred lines between online shows and traditional late-night television, and more. [Listen Here]
  • The Varsity: John Ourand and PLL co-founder Paul Rabil have a candid chat about the challenges of building a sports league from scratch in an overcrowded sports media landscape. [Listen Here]
  • The Powers That Be: Peter and Eriq Gardner chew over the Justice Department’s first-ever commodities fraud case tied to a prediction market, before weighing in on Gavin Newsom’s $787 million defamation suit against Fox News. [Listen Here]

A.I.

Ian Krietzberg Ian Krietzberg
What If Elon Wins the OpenAI Trial?

What If Elon Wins the OpenAI Trial?

As the messy Musk v. Altman trial enters week two, the A.I. industry has yet to grapple with the improbable but earth-shattering consequences if the jury actually sides with Elon. With an I.P.O. off the table, would OpenAI’s financial house of cards fall apart?

WASHINGTON

Peter Hamby Peter Hamby
Does Joe Biden Still Have Any Juice?

Does Joe Biden Still Have Any Juice?

The former president may be deeply unpopular in many red districts and an embarrassment even in some blue ones, but for many Democrats, his endorsement still matters… a lot. And as Trump’s polling slips below his predecessor’s, plenty of midterm candidates are happy to receive the Biden bump. The lifelong politician, now 83 and battling cancer, is more than happy to oblige.

ART

Marion Maneker Marion Maneker
Life of Si

Life of Si

This week, the third tranche of art from Si Newhouse Jr. is being offered by Christie’s. The sale is a testament to both the Condé Nast owner’s limitless, keen-eyed collecting and Christie’s ability to stage it—and will inject nearly half a billion dollars into the art market while inspiring other collectors to open their wallets.

SPORTS

John Ourand John Ourand
The Lax Gospel of Paul

The Lax Gospel of Paul

A candid conversation with Paul Rabil about how his buzzy 8-year-old Premier Lacrosse League is accelerating growth and preparing for LA28.

FASHION

Malique Morris Malique Morris
Inside the Lululemon C.E.O. Panic

Inside the Lululemon C.E.O. Panic

Heidi O’Neill was the internal face of some of Nike’s biggest strategic mistakes. So how is the woman many blame for breaking Nike supposed to fix Lululemon? And what can she do about proxy warrior Chip Wilson, the company’s founder-turned-antagonist?

HOLLYWOOD

Matthew Belloni Matthew Belloni
The Town with Matt Belloni

SubwayTakes, TikTok vs. YouTube & New Late-Night TV, With Kareem Rahma

Matt is joined by Kareem Rahma, host and producer of SubwayTakes and Keep the Meter Running, to discuss transitioning from behind the scenes to an onscreen talent later in his career, the success of SubwayTakes, building a real business on social, the blurred lines between online shows and traditional late-night television, and more.

SPORTS

John Ourand John Ourand
The Varsity with John Ourand

Is the Next Great American Sports League… Lacrosse?

Paul Rabil, co-founder of the Premier Lacrosse League, joins John for a candid chat about the challenges of carving out space in today’s overcrowded sports media landscape. They dig into the essential changes the league is implementing this upcoming season, its rights deal with ESPN, and an exciting women’s league launch slated for this year—including the budding superstar whom Rabil believes could transcend the sport, à la Caitlin Clark. Rabil also looks ahead to LA28 and shares what he’s learned about building a league with genuine staying power.

SPORTS

Peter Hamby Peter Hamby
Eriq Gardner Eriq Gardner
The Powers that Be Daily, Starring Peter Hamby

Will Prediction Markets Ruin Pro Sports?

Eriq Gardner joins Peter to dig into the Justice Department’s first-ever commodities fraud case tied to a prediction market—and how it could reshape how Kalshi, Polymarket, and sports leagues police insiders across sports, media, and politics. Then they turn to Gavin Newsom’s $787 million defamation suit against Fox News, and why a Delaware judge just kept it alive.

Puck
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