With Spirit Airlines on the verge of collapse, the U.S. government is preparing to offer a $500 million lifeline.

The Trump administration is negotiating a deal to save the airline in which Uncle Sam would loan the money in return for a stake in the company, The Wall Street Journal reported Wednesday. Spirit hasn’t been profitable since 2019, and has twice filed for Chapter 11 bankruptcy.

While the government assisted the airline industry after 9/11 and during the pandemic, taking such a step to save a single carrier would be unprecedented.

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The Justice Department is expected to reclassify marijuana as a safer drug, a long-awaited move that would make it easier for medical researchers to study it.

Tesla surpassed expectations in its first quarter earnings report as the company pivots to self-driving taxis, humanoid robots and AI infrastructure.

Senate Republicans narrowly passed a budget resolution early Thursday in their latest effort to end the shutdown of the Department of Homeland Security and help fund ICE.

Billionaire Justin Sun, a major early investor in the Trump family’s World Liberty Financial, is now suing the crypto venture for wrongfully freezing his tokens and stripping him of his right to vote on governance proposals. World Liberty’s connection to the Trump family was one of the key reasons Sun invested, according to the filing, but the suit alleges the firm’s operators simply see it as an opportunity to “leverage the Trump brand to profit through fraud.”

Ahead of OpenAI’s highly anticipated IPO, traders will soon be able to invest in the company as Robinhood’s venture fund closed a $75 million investment into the AI giant. While the move doesn’t allow direct investment in OpenAI’s stock, Robinhood’s........

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