Wall Street Breakfast Podcast: OpenAI Faces Florida Probe

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Getty ImagesListen below or on the go via Apple Podcasts and SpotifyOpenAI faces criminal probe over ChatGPT's possible role in Florida mass shooting. (00:14) A smoking ban in the UK for people born after 2008 becomes a reality. (01:32) Netflix (NFLX) eyes ‘Seinfeld’ studio lot at deep discount after dropping WBD bid: report. (02:58)This is an abridged transcript.OpenAI and ChatGPT are under investigation in a criminal case in the state of Florida.Just over a year ago on April 17, 2025 a gunman killed two people and injured six others on the campus of Florida State University in Tallahassee.Florida’s Attorney General, James Uthmeier says that ChatGPT offered “significant advice” to the shooter.“The communication between the shooter and ChapGPT revealed that the chatbot advised the shooter on what type of gun to use, on which ammo went with which gun, on whether or not a gun would be useful in short-range. ChapGPT advised the shooter on what time of day would be appropriate for the shooting to interact with more people and where on campus would be the place to encounter a higher population.”The accused shooter, Phoenix Ikner faces several charges including two counts of first-degree murder.We’re taking a deeper dive into this story in the Wall Street Breakfast newsletter. Here’s a link to signup.The UK's House of Commons and the House of Lords agreed on the final text of the highly watched Tobacco and Vapes Bill.The legislation creates what the government calls a “smokefree generation” by making it permanently illegal to sell tobacco products to anyone born on or after January 1, 2009.That cutoff means anyone currently 17 or younger will never legally be able to purchase cigarettes, cigars, herbal smoking products, or cigarette papers in the UK.The legal age of sale will then rise by one year each year starting in 2027, so the restriction expands permanently forward in time.Government ministers will gain new powers under the legislation to regulate the flavors, packaging, and advertising of vaping and other consumer nicotine products, with an eye toward preventing products from being marketed to appeal to children.Adults who buy vaping or nicotine products on behalf of minors will also face fines.The bill now heads to royal assent to become law, which is now a constitutional formality rather than a real veto sticking point.The tobacco companies that will be most impacted by the sweeping tobacco bill are Imperial Brands (IMBBY) (IMBBF) and British American Tobacco (BTI) (BTAFF), given their combined dominance of UK cigarette sales. Japan Tobacco International (JAPAY) (JAPAF) and Philip Morris International (PM) will also be affected.Netflix (NFLX) dropped out of the bidding for Warner Bros. Discovery (WBD), but it may now get another, smaller studio lot for a lot less money,According to a Bloomberg News report, Netflix (NFLX) is said to be in talks to buy an historic Los Angeles movie studio lot.The final price for Radford Studio Center, a one-time silent movie lot where TV series such as Gilligan’s Island and Seinfeld were shot, hasn’t been determined, and the deal still hasn’t closed, according to three people with knowledge of the discussions.The current owner, Hackman Capital Partners, defaulted on $1.1B of debt and turned the property over to lenders led by Goldman after it was unable to reach a refinancing deal last year.Netflix (NFLX), which has historically leased rather than owned real estate, has stepped up investing in studio lots. It’s currently developing a $1B studio lot in Fort Monmouth, New Jersey.What’s Trending on Seeking AlphaAnthropic’s Mythos model is being accessed by unauthorized users: BloombergMusk's SpaceX weighs $60B buyout of Cursor or $10B partnership payoutManhattan Associates jumps 9% after lifting FY26 guidance, signals strong backlogCatalyst watch:The three-day Google (GOOG) (GOOGL) Cloud Next event in Las Vegas will begin. The spotlight will be on the company's latest work in generative AI, infrastructure, and security, with a strong focus on practical product updates and developer tools.Calix (CALX) will hold its Investor Day event.Tesla (TSLA) will hold its earnings conference call at 4pm. Analysts expect updates on the robotaxi rollout, Optimus, the AI5 chip timeline, and the company's AI-capex plans. Options trading implies a 6% share price move after the report drops. Stocks that could be impacted by Elon Musk's presentation include Rivian (RIVN), Lucid (LCID), General Motors (GM), Ford (F), and even Nvidia (NVDA) and Taiwan Semi (TSM) based on the AI5 update.Stock index futures are higher before the opening bell as President Trump extended the ceasefire deadline with Iran, citing deep divisions within Tehran’s leadership.Crude oil is up 0.7% at $90. Bitcoin is up 2.4% at $78,000. Gold is up 0.8% at $4,760.The FTSE 100 is little changed and the DAX is little changed.The biggest movers for the day premarket: Target Hospitality (TH) -10% - Shares plunged after pricing a 7M-share secondary offering at $14 per share (~$98M), with all proceeds going to selling shareholders.Economic calendar:Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.