Musk and Altman go to trial, GM earnings, Spotifys fitness push and more in Morning Squawk
Summary
A high-profile trial between Elon Musk and OpenAI CEO Sam Altman began with a nine-person jury seated as opening arguments address Musk's $134 billion suit alleging OpenAI broke promises about nonprofit status. Markets reacted to a report that OpenAI missed internal revenue and user targets, while the S&P 500 and Nasdaq recently hit record highs and futures trade mixed. General Motors beat Q1 expectations and raised 2026 guidance after a $500 million tariff refund, and crypto prediction markets are expanding perps trading as Kalshi and Polymarket plan new offerings. Spotify is launching a fitness category that adds more than 1,400 Peloton classes for Premium subscribers even as weaker-than-expected operating income guidance sent shares down over 10%.
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