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May 2026

What to Watch: The Grid Was Aging. AI Gave Utilities a Better Argument to Get Paid
AI did not create the grid bill. It may make the bill easier to justify.
 • The Capital Case
What to Watch: Congratulations, Your Deal Is Still Not Done
The risk is not that state AGs can challenge deals. They always could. The risk is that federal approval may be becoming a weaker signal of closing…
 • The Capital Case
Case Brief: Why Arm’s FTC Probe Matters More Than It Looks
The real issue is not chip licensing. It is whether Arm can keep the valuation of neutral infrastructure while becoming a more interested player in the…
 • The Capital Case
What to Watch: Zillow, Redfin, and the Platform Partnership Risk
A rental-listing antitrust case survived dismissal. Was Zillow’s Redfin deal syndication, or a paid exit from competition?
 • The Capital Case
Case Brief: What’s at Stake in Musk v. Altman
Behind the billionaire drama is a harder question: can OpenAI’s founding mission become a legal limit on private AI wealth?
 • The Capital Case
Does This Matter? The SEC’s Reporting Proposal Is a Trust Test Before Trouble Arrives
The SEC’s rule is only a proposal. The market question is what happens if companies get the choice to report less.
 • The Capital Case
Union Pacific / Norfolk Southern: The $85 Billion Conditions-Risk Trade
Investors may be watching whether the rail merger gets approved. The sharper question is whether approval comes with conditions that change the…
 • The Capital Case
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