Technology

Mercury Raises $200M Series D at $5.2 Billion Valuation Led by TCV

Mercury closed a $200M Series D at a $5.2 billion valuation, 49% above its 2025 round. The fintech now serves one in three U.S. startups, runs at $650M in annualized revenue, and has conditional approval to become a federally regulated bank.

Technology

GitHub Confirms Breach of 3,800 Internal Repositories via Poisoned VS Code Extension

A GitHub employee installed a poisoned VS Code extension. The threat actor TeamPCP then exfiltrated roughly 3,800 internal repos — Copilot, CodeQL, Codespaces, Dependabot — and listed the source code on a cybercrime forum for $50,000.

Technology

OpenAI Is Reportedly Preparing IPO Filing at $852 Billion Valuation

CNBC and Kalshi both pointed at the same thing Wednesday: OpenAI is the new favorite to go public first in the AI cohort, with a confidential filing potentially as soon as this week — at a valuation near $852 billion.

Technology

SpaceX Files Public S-1 With June 12 Nasdaq Debut Set at $1.75 Trillion

SpaceX's public S-1 went live Wednesday with the June 12 IPO date attached, targeting a $75 billion raise at a $1.75 trillion valuation — what would be the largest public offering in history by a margin.

Technology

NVIDIA Reports $81.6B in Q1 Revenue as Data Center Hits $75.2B

NVIDIA beat on revenue and EPS, with data center sales nearly doubling year-over-year. Jensen Huang closed the call by saying demand has "gone parabolic." The stock dipped anyway.

Sports

Arsenal on Track for £770m Revenue, a New Premier League Record

The Times projects Arsenal's 2025-26 revenue at up to £770m ($980m), breaking Manchester City's £715m ($910m) Premier League record and putting the club third in world football behind Real Madrid and Barcelona.

Sports

National Teams Submit 2026 World Cup Provisional Squads Ahead of June 2 Deadline

Updated May 20: 20 of 48 nations have now confirmed squads, including Brazil (Neymar in), Portugal (Ronaldo in), France, Argentina, and Belgium. Final 26-man rosters are due June 1.

Sports

Aaron Rodgers Says 2026 Will Be His Final NFL Season

"Yes. This is it." Two weeks after re-signing with Pittsburgh on a one-year deal worth up to $25 million, Aaron Rodgers said his 22nd NFL season will be his last.

Culture

Kith Women Opens First Pop-Up in Bridgehampton With Vivrelle on May 22

Kith Women's first standalone retail moment opens Memorial Day weekend on Montauk Highway, presented by luxury bag-membership platform Vivrelle. Both brands are betting the Hamptons summer is the right room.

Culture

WWD Names Demi Moore, Jane Fonda, and Joan Collins Among Best-Dressed at Cannes 2026

The 79th Cannes Film Festival's defining fashion story is a trio of women over 60 — Demi Moore in Jacquemus, Jane Fonda in Gucci, Joan Collins still doing it at 92.

Sports

Jalen Brunson Scores 38 as Knicks Erase 22-Point Deficit in ECF Game 1

Brunson scored 17 of his 38 in the final 12:39 of a 44-11 Knicks run, turning a 22-point fourth-quarter deficit into a 115-104 overtime win over the Cavaliers.

Sneakers

Nike Ja 3 'Kool-Aid' Drops May 20 for $135

Ja Morant's second Kool-Aid collab arrives as asymmetric Pink Beam and Lemon Venom — a $135 nostalgia play that keeps the signature line moving while the player rebuilds.