The lowdown on Sequoia’s decision to put Alfred Lin and Pat Grady in charge. OpenAI stirs the pot with talk of government guarantees. Ripple raises $500 million even as crypto stumbles. Beacon Software & Metropolis raise as AI roll-ups roll on. Mamdani’s win quiets critics, for now. Elon Musk gets his trillion-dollar Tesla incentive, designed to lure his attention back from xAI. Charles Schwab enters private-share arena with Forge Global acquisition, even as AI valuations wobble. newcomer.co/p/sequoias-unexp…