Stories by Mike Allen

Scoop: Inside Facebook's new plan for news

Facebook executives tell Axios they're hiring seasoned journalists to help curate a forthcoming "News Tab" that they hope will change how millions get news.

Why it matters: News Tab is an effort by Facebook to restore the sanity and credibility that's lost in the chaos of our main feeds. Facebook will personalize the News Tab, so it will need a massive amount of content, from the New York Jets to gardening.

Massive companies won't pull out of China

Illustration: Lazaro Gamio/Axios

A top executive of a U.S.-based multinational is pushing back hotly against a White House official's assertion that companies are preparing to pull production out of China as part of President Trump's squeeze there.

The state of play: On ABC's "This Week," White House trade adviser Peter Navarro said that during an Oval Office meeting with a group of executives, "We heard from these business leaders: ... 'Just give us some time to December 15th. And, by the way, we are taking all of our sourcing production facilities out of China, and we will continue to do that.'"

The synchronized global slump

Photo: Johannes Eisele/AFP/Getty Images

It was 20 months ago that we told you about the highly unusual dynamic of synchronized global growth — the world’s 10 biggest economies growing at once.

The state of play: Now, we seem headed for the Synchronized Slump — and we had the rise of inward-looking, finger-pointing nationalism in relatively good times. Imagine the world as things go south.