Axios PM

June 25, 2026
Happy Friday Jr.! Today's newsletter, edited by Alex Fitzpatrick, is 622 words, a 2½-min. read. Thanks to Sheryl Miller for copy editing.
- Join Axios House D.C. on July 13–15 for conversations with top policymakers, executives and civic leaders on the ideas, investments and policies shaping America's next 250 years. Register here.
1 big thing: Radical new electric trucks

Preorders are open for Slate Auto's low-cost electric pickup and SUV, Axios' Joann Muller reports.
- The Bezos-backed startup says it has over 180,000 "reservations" so far, with interested buyers forking over $50 to put their names down. It's $300 for an actual reservation.
- Deliveries are set to begin late this year.
💵 Slate's spartan two-seat pickup will start at just under $25,000. An SUV version will start at just under $30,000.
- The pickup has a range of 205 miles. It can carry up to 1,550 pounds, and tow up to 2,000.
- What it doesn't have: A radio or touchscreen — or about half the parts found in a typical truck.
🛻 The Troy, Mich., startup is betting that automakers can profit from affordable EVs by selling customization options and accessories, instead of packing every little feature into the vehicle upfront.
- The "Slate Marketplace" will offer more than 175 accessories for sale — roof racks, stereos, zip-off seat covers, etc.
- The truck even comes unpainted. Buyers can choose from more than 100 wrap colors for $500, or pick their own custom color.
💸 What we're watching: How many reservation holders turn into actual buyers — and how many pony up for extras.
2. ⚖️ Trump gets immigration SCOTUS wins

President Trump notched a pair of Supreme Court wins for his immigration agenda today.
🇺🇸 🇲🇽 In one major 6-3 decision, the court cleared the way for the Trump administration to revive a policy limiting the number of daily asylum applicants at the U.S.-Mexico border.
- Human rights advocates said it created a crisis as thousands of people settled in unsafe makeshift shelters to await their turn. The Trump administration said it was necessary to deal with a huge increase in applicants. More from Axios' Brittany Gibson.
🇭🇹🇸🇾 In another ruling, the court allowed the administration to end legal protections for migrants fleeing violence and natural disasters in Haiti and Syria.
- The move exposes hundreds of thousands of people to potential deportation. Go deeper.
Two other headline-grabbing decisions came down today:
- The Court ruled that consumers can't use state courts to sue manufacturers that don't warn about hazards tied to their products.
- And it struck down a Hawaii state law requiring people to get permission to carry guns into stores or hotels.
3. ⚡️ Catch me up

- 🇻🇪 At least 164 people are dead after a pair of powerful earthquakes struck Venezuela last night. The 7.5- and 7.2-magnitude quakes injured about 1,000 others and destroyed many buildings. Get the latest.
- 🍎 Apple is hiking MacBook and iPad prices, blaming the "rapid expansion of AI data centers" for causing an "extraordinary surge in demand for memory and storage." The company said: "We know this is not welcome news, and we are working tirelessly to find solutions." Go deeper.
- 🦒 Have you seen this giraffe? Gracie has been missing for nearly two weeks after escaping from a ranch in the Texas Hill Country. Go deeper.
4. 📺 1 for the road: Hot new TV tech

Best Buy will be the exclusive national retailer for new RGB LED TVs — a rollout it calls the biggest change in TV tech in over a decade, Axios' Kelly Tyko reports.
- RGB LEDs use thousands of red, green and blue backlights for better colors and contrast, Wired explains.
🤩 Incoming Best Buy CEO Jason Bonfig said: "It's not just a spec change — the colors are physically produced differently, and it's something you'll notice immediately."
- Models will start at $999, in sizes from 50 to 116 inches.
📬 Thanks for reading! Please invite your friends to join PM.
Sign up for Axios PM

Get Mike Allen’s afternoon take on the most important news of the day
