CNBC

GLP-1 weight loss drugs are causing hair loss in many users, creating a significant business opportunity for the hair care industry. The hair loss is attributed not to the drugs directly, but to the rapid weight loss and nutritional deficiencies they cause. By 2030, an estimated 25 million Americans will be on GLP-1 medications, expanding the market further.

One week into the Elon Musk vs. OpenAI trial, Musk claims Sam Altman and Greg Brockman betrayed the company's nonprofit founding mission for personal profit. Musk seeks $134 billion in damages, removal of Altman and Brockman, and an unwinding of OpenAI's restructuring. OpenAI counters that Musk knew about the for-profit structure and is attacking a rival while building his own competing AI company, xAI.

Jay Powell announced he will step down as Fed Chair on May 15th but remain as a Governor, setting up a rare dynamic not seen since 1948. The Fed held rates steady amid four dissents from opposing directions, reflecting internal division over future rate cuts. Kevin Warsh is expected to take over as the next Fed Chair.

While national office markets show recovery signs in 2026, Portland, Oregon remains deeply distressed with a 26.6% office vacancy rate. Empty buildings have created a cascade of fiscal problems, including property tax shortfalls leading to city and county deficits. Prosper Portland is pursuing slow-moving solutions including office conversions, multifamily development, and tax increment financing districts.

Greg Abel officially takes the helm at Berkshire Hathaway, with the upcoming annual meeting marking the first post-Buffett era Q&A session. The meeting is expected to shift from Buffett's philosophical tone to a more operations- and business-focused discussion. Investors are closely watching capital allocation decisions, share buybacks, and whether Abel will expand Berkshire's footprint in technology.