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Musk loses in court, Home Depot earnings, DOJ's 'lawfare' fund and more in Morning Squawk

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Why This Matters

The recent court ruling dismissing Elon Musk's lawsuit against OpenAI highlights ongoing legal battles in the tech industry that could influence future AI development and corporate rivalries. Additionally, Home Depot's strong earnings amidst economic challenges demonstrate resilience in the retail sector, while the DOJ's 'lawfare' fund signals increased regulatory scrutiny on tech companies. These developments underscore the evolving legal and economic landscape shaping technology and consumer markets.

Key Takeaways

1. The verdict is in

A combination photo shows CEO of OpenAI Sam Altman (L) on April 28, 2026 and Elon Musk on April 29, 2026 during the trial in Elon Musk's lawsuit over OpenAI for-profit conversion at a federal courthouse in Oakland, California, U.S. Manuel Orbegozo | Reuters

After less than two hours of deliberations, a jury decided that Tesla CEO Elon Musk's lawsuit against OpenAI's Sam Altman fell outside the three-year statute of limitations. The advisory verdict, which was immediately adopted by the judge, ends the three-week trial and the years-long saga that's gripped Silicon Valley. Here's what to know: Musk said in a social media post that he would appeal the decision, writing that the ruling was based on a "calendar technicality."

After Steven Molo, Musk's lawyer, reserved the billionaire's right to appeal, U.S. District Judge Yvonne Gonzalez Rogers said she was prepared to dismiss it "on the spot."

Counsel for OpenAI and Microsoft

Musk and Altman's relationship wasn't always fraught. CNBC's Ashley Capoot and Lora Kolodny explain how the pair went from close friends to bitter rivals.

The tech world will now turn its attention to another court battle: Oral arguments in Anthropic's lawsuit against the Justice Department over its blacklisting begin today.

2. Memory lapse

An exterior view of a Seagate office on October 26, 2022 in Fremont, California. Justin Sullivan | Getty Images

3. Durable material

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