Welcome to Markets Desk, here's what's moving the needle right now.
OpenAI finds itself in familiar territory as New York State Assemblymember Alex Bores presses forward on frontier AI regulation, co-authoring the RAISE Act even as a super PAC backed in part by OpenAI's own president moved to block his congressional bid. The tension between industry money and oversight ambitions is sharpening fast.
Shifting to cap table software, Pulley is shutting its doors after seven years and more than fifty million dollars raised from names like Founders Fund, Stripe, and General Catalyst. The startup had positioned itself as a direct challenger to Carta, but it couldn't close the gap. It's a reminder that venture backing buys runway, not survival.
And in a story that blends politics with real estate, the Trump-appointed board of the Kennedy Center voted to close the landmark performing arts venue after a federal judge ordered Trump's name removed following his attempt to rename it the Trump Kennedy Center. The closure puts staff, programming, and future bookings in genuine jeopardy while the legal standoff continues.
That's the tape. Markets Desk, signing off the floor.
