Spirit Airlines Prepares to Shut Down

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Anthony Bansi· Host0:06

[instrumental music] Here's your midday brief for Friday, May 1st. I'm Anthony Bansi for the Wall Street Journal. We're exclusively reporting that Spirit Airlines is preparing to stop its operations. The budget airline had been in talks with the Trump administration for a five hundred million dollar lifeline, but the rescue deal has fallen apart, and without it, Spirit is running out of cash. The airline is moving forward with plans to liquidate its planes and shut down, but when that might happen isn't clear. The Defense Department now has deals with eight tech companies, including OpenAI and Google, to use their artificial intelligence in classified settings. These contracts give the department more AI options after it declared Anthropic a supply chain risk earlier in the year. The deals show how much of Silicon Valley is agreeing to the Pentagon's terms in a way that Anthropic didn't, and that led to a big fight between the government and Anthropic. And Elon Musk's pay package at Tesla was valued at one hundred and fifty-eight point four billion dollars last year. Tesla shareholders approved the massive pay plan this past November to motivate the chief executive to focus more time on the electric vehicle maker. His pay deal could eventually be worth one trillion dollars in stock if the company hits aggressive growth targets over the next decade. Heads Up, an artificial