Axios

A landmark copyright lawsuit filed by the New York Times against OpenAI and Microsoft in 2023 moved into a critical new phase Friday, as all three parties presented their official arguments to a judge, with hopes of a favorable ruling ahead of a possible trial.

Why it matters: A ruling in favor of the Times could wreak havoc on the lucrative business models underpinning the AI industry.

House Republicans are effectively abandoning what was supposed to be a key battleground district in New York over concerns that their candidate, state Sen. Peter Oberacker, is too flawed to seriously compete, sources tell Axios.

Why it matters: Expect to see more of this cold calculus as the general election heats up, with both parties determining where their money will actually make enough of a difference to be worth spending.

LIV Golf — the Saudi-backed league that upended the sport with a costly splash but failed to identify a viable business model — filed for Chapter 11 bankruptcy protection on Tuesday.

Why it matters: It's an ignominious turn of events for a brash organization that lured some of the biggest stars away from the PGA Tour with enormous paydays that proved to be unsustainable.