Good morning. It’s Tuesday, May 6 — and May is doing what May does best: making everything look like a rom-com montage. The trees are flirting. The air smells like hope. Somewhere, someone is probably spinning in slow motion under cherry blossoms.

On this day in 1856, Sigmund Freud was born in a little Moravian town called Freiberg (now Příbor, Czech Republic). You know, the guy who gave us the unconscious mind, dream analysis, the Oedipus complex, and a lifetime supply of awkward family dinners. But here’s what they don’t usually tell you in Psych 101: Freud was also one of cocaine’s earliest hype men. In the 1880s, he praised the drug as a miracle cure — for depression, indigestion, even morphine addiction (ironic). He wrote love letters to it and took it himself regularly, long before anyone grasped its dark side.

Anyway, stretch out, hydrate, maybe don’t self-medicate — and enjoy today’s stories.

Today’s stories:

• JPMorgan AI boosts sales amid market chaos

• Met Gala raises record-breaking $31 million

• Buffett shocks market with retirement news

• Trump threatens all foreign films with tariffs

• NYC office tower becomes luxury housing

• Touchable 3D display brings sci-fi closer

• New plastic dissolves safely in seawater

• Elon renames his launch site Starbase

• Uber picks Chinese firm for robotaxis

• TikTok fined for mishandling EU data

• Four coffees daily may slow aging

  and more…

US stocks finally took a breather Monday after a record-setting sprint, as Trump’s latest tariff threat stirred up old trade war nerves — just in time for a big Fed policy call.

The S&P 500 slipped 0.6%, ending its longest win streak in over 20 years. The Dow dipped 0.3%, breaking its 9-day streak, and the Nasdaq lost nearly 0.8% as tech stocks caught a chill.

Turns out, even a historic rally can’t dodge politics and Fed suspense forever.

_____

Welcome to Starbase, Population: Elon

Elon Musk just got himself a city. His SpaceX launch site in South Texas is now officially called “Starbase,” after 212 of his probably-on-payroll neighbors voted yes (and 6 brave souls didn’t). Starbase is Musk’s pet project for launching rockets to the moon, Mars, or wherever billionaires go when Earth gets annoying. He floated the idea back in 2021, and—surprise!—it passed once the ballots came from mostly SpaceX employees. It's a win Musk badly needed, as Tesla’s profits nosedive and his political cosplay as Trump’s sidekick keeps torching what’s left of his reputation. 

_____

Buffett drops the mic after 60 years. Warren Buffett, 94, just shocked shareholders by announcing he’s retiring at the end of the year. After six decades running Berkshire Hathaway, he casually dropped the news post-Q&A, then bounced. Berkshire Hathaway stock took a 5% dive Monday after the board officially backed Warren Buffett’s chosen heir, Greg Abel, to take over as CEO in 2026. Investors briefly panicked (because change is scary), with Class A shares sliding to just above $779K and Class B to around $519. Then everyone remembered it’s still Berkshire, and calmed down.

TikTok gets spanked for data sneakiness. TikTok just got hit with a $600 million fine by the EU for letting user data wander off to China without proper safeguards — a big no-no under Europe’s strict privacy rules. Ireland’s data watchdog said TikTok wasn’t clear about where info was going and didn’t protect it well enough. TikTok’s response? Classic: “We disagree, we’re appealing, and hey, we’ve got a new plan now!” That plan, called Project Clover, is supposed to keep European data in Europe — but this fine covers the shady stuff they did before the clover patch.

Trump declares war on foreign films. Trump now wants to slap a 100% tariff on all non-American movies, claiming foreign films are a national security threat and calling them “messaging and propaganda.” He says the goal is to revive Hollywood and stop other countries from luring U.S. studios away with tax breaks — because apparently the global box office is out to get us. Blame was also hurled at California Gov. Gavin Newsom, because no Trump speech is complete without a California roast. 

JPMorgan’s AI didn’t panic — it sold more stuff. When Trump’s tariff bomb dropped last month and markets went full rollercoaster — setting a record for single-day trading volume — investors freaked out and flooded their bankers with calls. JPMorgan didn’t blink. Its AI tools, including “Coach AI,” helped private client advisers pull up data, trading patterns, and personalized advice almost instantly. According to the bank, advisors are now finding info 95% faster, meaning less time clicking around and more time calming nervous millionaires. In chaos, JPMorgan’s bots didn’t just cope — they closed.

Uber’s Got a New Robotaxi Crush (And It’s Not American)

Uber is teaming up with Chinese startup Momenta to launch robotaxis in Europe next year. This comes after Uber’s other robotaxi fling with WeRide in the UAE. Basically, Uber’s outsourcing the future of driving to a bunch of Chinese startups while Momenta tries to go public in the U.S. before its regulatory permission slip expires. So yes, self-driving cabs are coming. Just not from the usual Silicon Valley suspects.

_____

Finally, a plastic that doesn’t haunt the ocean. Scientists in Japan just pulled off a miracle: a tough plastic that dissolves in seawater without turning into microplastic confetti. Led by Takuzo Aida at RIKEN, the team created a recyclable, biodegradable plastic that actually breaks down in the ocean — unlike most so-called "eco-plastics" that still sneak in thousands of toxic additives. It’s a scientific win. Now someone just needs to mass-produce it and actually use it — before we end up snorkeling through a soup of plastic wrappers and regrets.

4 cups of coffee a day keeps the walker away. New study says guzzling 4+ cups of coffee a day might keep you from falling apart in old age. Researchers tracked 1,161 adults 55+ for seven years and found that the more coffee they drank, the less likely they were to be frail — meaning less weakness, slow walking, and general “I’ve given up” energy. Sure, the study was backed by the coffee industry, but let’s not ruin this. Your espresso obsession is now officially self-care.

Touch this, Tony Stark. A new 3D display lets you reach into thin air and actually touch virtual objects — no headset, no gloves, no sci-fi budget required. Built by researchers in Spain, the gadget ditches dangerous fast-spinning screens for stretchy elastic strips (yes, like waistband material). You slide your fingers through, and voilà — you can grab, rotate, and tickle holograms. It’s about the size of a lunchbox and surprisingly pleasant to the touch. Think of it as your first step toward designing robots, sculpting digital art, or impulse-shopping 3D shoes... with your hands. We’re not at full Iron Man levels yet, but the future is feeling pretty squishy.

There's nothing artificial about this intelligence

Meet HoneyBook—the AI-powered platform here to make every client relationship more productive and prosperous.

With HoneyBook, you can attract leads, manage clients, book meetings, sign contracts, and get paid.

Plus, HoneyBook AI tool summarizes project details, generates email drafts, takes meeting notes, predicts high-value leads, and more.

Try HoneyBook for free

Met Gala Breaks Records

This year’s Met Gala just broke its own record, raising a jaw-dropping $31 million — the most in its 77-year history. That’s more than the Philharmonic and Whitney Museum galas combined. The price tag to throw it is also ridiculous. But who cares when you’ve got ASAP Rocky, Pharrell, and LeBron (fresh off NBA elimination) strutting into a fashion Super Bowl.

_____

NYC’s biggest office glow-up. 25 Water St. just went from a bleak office tower to bougie apartment complex, making it the biggest office-to-residential conversion in U.S. history. Once home to JPMorgan Chase and the National Enquirer, the brutalist bunker now boasts 1,320 units, pickleball courts, two pools, a salt room, and — because why not — a bowling alley. Studios start at $4K/month. About 25% of units are “affordable,” which in NYC means only semi-heartbreaking. Developers say it’s the future. Office life is dead. Long live rooftop yoga.

_____

TikTok of the day: watch here