Meta Offers $100M to Poach OpenAI Talent? & Nippon Closes $14B US Steel Deal

Morning Brew Daily

Morning Brew

News, Business, Business News

4.4 • 2.8K Ratings

🗓️ 19 June 2025

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 608: Neal and Toby recap the Fed meeting where Fed Chair Jerome Powell continues to hold rates steady. Then, Nippon closes its acquisition of US Steel with the US getting the rare ‘golden share’ of the deal. Also, Sam Altman is spilling the beans about Meta’s attempt to poach OpenAI’s talent with $100M offers. Meanwhile, Neal shares his favorite numbers: a new meme stock, the office supply, and the cost of being a sports fan nowadays. 00:00 - Tune in for our branding deep dive! 2:30 - Fed keeps it chill 6:30 - Nippon closes the steel deal 11:00 - Meta tries to poach OpenAI talent 15:30 - Meme stock madness 18:10 - Office glut cleanup 21:00 - It’s expensive to be a sports fan 24:40 - Sprint Finish! Gain the edge with Amazon Ads by going to advertising.amazon.com/startnow Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here: https://www.swap.fm/l/mbd-note Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You wouldn't put your cash register in one store and your products in another, would you?
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0:46.6	Good morning, Brew Daily Show. I'm Neil Fryman.
0:50.0	And I'm Toby Howell.
0:50.9	Today, you'll never believe how much Zuck is offering Open AI employees to change sides.
0:55.8	And the Fed held interest rates steady as she goes, much to the president's chagrin.
1:00.4	It's Thursday, June 19th.
1:02.3	Let's ride.
1:07.9	Good morning.
1:09.2	Today is Juneteenth, the newest federal holiday that commemorates the end of slavery
1:13.5	following the Civil War, specifically the day enslaved African Americans in Galveston, Texas
1:18.7	finally learned they were free two years after the Emancipation Proclamation. The stock market is
1:24.3	closed and maybe your office is too, so we hope you enjoyed the day off if you have one.
1:29.0	Morning Brew told us not to work today.
1:31.3	So we actually taped this yesterday afternoon right after the Fed meeting about 3 p.m.
1:36.4	Eastern time, which we'll get to in just a second.
	...

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