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Amazon CEO Jeff Bezos. Photo: Reed Saxon / AP

"Hollywood Glory Eludes Amazon," the Wall Street Journal's Ben Fritz and Joe Flint write on the front page:

  • What's new: "Amazon Studios has been stumbling when it comes to producing content that attracts audiences and buzz. The Hollywood arm of the online giant is pivoting away from dramas for adults but is struggling to define a new strategy."
  • What happened: "It has alienated high-profile content creators, who say executives have proven incapable — or unwilling — to smooth out conflicts that inevitably crop up during the shooting of a television show."
  • What's next: "Amazon Studios is taking steps to get back on track, such as developing shows intended to be more globally popular, cutting back children's programming and considering new leadership in its film unit."

P.S. "Wal-Mart Gets Back on the Growth Track: E-commerce is helping the retailing giant jump-start stalled revenue and profit growth," by Barron's Jack Hough:

  • "[T]here have been a string of ... acquisitions, experiments, and musings that are out of character for Wal-Mart ... Some seem out there, like having store employees deliver packages on their way home."
  • "Groceries are more than half of U.S. revenue, making Wal-Mart the country's largest grocer. ... The company ... has stores within 10 minutes of 90% of the U.S. population."
  • Why it matters: "None of this would matter if business at Wal-Mart's stores was deteriorating. But same-store sales have increased for 12 straight quarters."
  • Free link for Axios readers. Thank you, Barron's!

Go deeper

27 mins ago - Politics & Policy

McConnell drops filibuster demand, paving way for power-sharing deal

Senate Majority Leader Chuck Schumer (R) and Minority Leader Mitch McConnell attend a joint session of Congress. Photo: Olivier Douliery/AFP via Getty Images

Senate Minority Leader Mitch McConnell has abandoned his demand that Democrats state, in writing, that they would not abandon the legislative filibuster.

Between the lines: McConnell was never going to agree to a 50-50 power sharing deal without putting up a fight over keeping the 60-vote threshold. But the minority leader ultimately caved after it became clear that delaying the organizing resolution was no longer feasible.

2 hours ago - Technology

Scoop: Google won't donate to members of Congress who voted against election results

Sen. Ted Cruz led the group of Republicans who opposed certifying the results. Photo: Stefani Reynolds/Pool/AFP via Getty Images

Google will not make contributions from its political action committee this cycle to any member of Congress who voted against certifying the results of the presidential election, following the deadly Capitol riot.

Why it matters: Several major businesses paused or pulled political donations following the events of Jan. 6, when pro-Trump rioters, riled up by former President Trump, stormed the Capitol on the day it was to certify the election results.

2 hours ago - Politics & Policy

Minority Mitch still setting Senate agenda

Illustration: Aïda Amer/Axios

Chuck Schumer may be majority leader, yet in many ways, Mitch McConnell is still running the Senate show — and his counterpart is about done with it.

Why it matters: McConnell rolled over Democrats unapologetically, and kept tight control over his fellow Republicans, while in the majority. But he's showing equal skill as minority leader, using political jiujitsu to convert a perceived weakness into strength.