Less than 1: AM Edition, May 28

This morning on Less than 1: a Colorado venture capital firm sues California over a law requiring firms to report demographic data on the founders they fund, arguing it violates the First and 14th Amendments -- plus a federal judge moves to end the court-mandated monitorship of the Oakland Police Department after more than two decades. Also: the Supreme Court rules unanimously that last-mile delivery drivers can qualify for a federal arbitration exemption even without crossing state lines, California's Governor Newsom announces a 100% tax on payments from the Trump administration's $1.776 billion political weaponization fund, and President Trump refiles his $10 billion defamation suit against the Wall Street Journal over a disputed letter in a Jeffrey Epstein birthday album.

Stories mentioned in this episode:

VC firm sues California over founder diversity reporting law
https://www.dailyjournal.com/articles/391740-vc-firm-sues-california-over-founder-diversity-reporting-law

(NYT) Trump Refiles $10 Billion Lawsuit Against The Wall Street Journal
https://www.nytimes.com/2026/05/28/business/media/trump-wsj-defamation-suit-10-billion.html

(Reuters) California to impose 100% tax on Trump's January 6 'slush fund,' governor says
https://www.reuters.com/legal/government/california-impose-100-tax-trumps-january-6-slush-fund-governor-says-2026-05-27/

(Sacramento Bee) State worker union tries novel legal angle to stop Newsom's return-to-office order
https://www.sacbee.com/news/politics-government/the-state-worker/article315900722.html