Adidas is closing the unit that produced its fitness bands and sensor-equipped shoes and other high-tech products.

Why it matters: Sports companies have struggled to compete with Fitbit and others in the wearables space.

  • Similar action was taken by Under Armour in recent weeks, as it decided to give up on its HealthBox collection of gear manufactured in conjunction with HTC.
  • Earlier player Nike had some early success with its FuelBand though it, too, decided to halt that in favor of working more closely with Apple.

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2 seconds ago - Technology

Facebook goes after Apple

Illustration: Lazaro Gamio/Axios

Facebook is seeking to force a face-off with Apple over its 30% in-app purchase commission fee, which Facebook suggests hurts small businesses struggling to get by during the pandemic.

The big picture: Facebook has never publicly gone after Apple, a key strategic partner, this aggressively. Both companies face antitrust scrutiny, which in Apple's case has centered on the very fee structure Facebook is now attacking.

36 mins ago - World

Exclusive: UAE wants Israel normalization finalized "as soon as possible," minister says

Anwar Gargash. Photo: Shraf Shazly/AFP via Getty Images

The UAE's Minister of State for Foreign Affairs, Anwar Gargash, told me in an exclusive interview that his country wants to implement its normalization deal with Israel “as soon as possible."

What he's saying: Gargash said he was confident that the U.S.-brokered deal moved Israeli annexation of the West Bank off the table for a “long time.” He also said Israeli tourists would soon be able to travel to the UAE.

Trump refuses to answer question on whether he supports QAnon conspiracy theory

President Trump on Friday refused to answer a direct question on whether or not he supports the QAnon conspiracy theory during a press briefing.

Why it matters: Trump congratulated Georgia Republican Marjorie Taylor Greene, who vocally supports the conspiracy theory, on her victory in a House primary runoff earlier this week — illustrating how the once-fringe conspiracy theory has gained ground within his party.