Searching for smart, safe news you can TRUST?

Support safe, smart, REAL journalism. Sign up for our Axios AM & PM newsletters and get smarter, faster.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios Business Editor Dan Primack interviews our headliners--Mr. Draymond Green and Mr. Harvey Spevak.

Yesterday, Axios’ Mike Allen and Dan Primack hit New York City for the third leg of our college tour with JPMorgan Chase & Co. Over 400 students, from across the city, joined us to get Smarter Faster. They learned about the future of work from:

  • Ms. Jennifer Piepszak, CEO, Chase Card Services
  • Ms. Susan Lyne, President and Founding Partner, BBG Ventures
  • Mr. Draymond Green, Forward, Golden State Warriors & Entrepreneur
  • Mr. Harvey Speak, Executive Chairman, Managing Partner, Equinox
Students networking with JPMorgan Chase & Co. on the top floor of New York's Mandarin Oriental Hotel. (Ayano Hisa for Axios)
Ms. Jemima McEvoy, the Editor in Chief of NYU's student newspaper the Washington Square News, kicks off the event and introduces Mike to the stage. (Ayano Hisa for Axios)
Ms. Jennifer Piepszak discusses JPMorgan Chase & Co.’s Startup Week initiative, which celebrates and fosters entrepreneurship in cities around the world. (Ayano Hisa for Axios)
Students hailing from Fordham University, New York University and Columbia University taking part in the revolution.
Dan interviews Mr. Draymond Green and Mr. Harvey Spevak right after their announcement to open at least 20 low-cost gyms in under-served Midwestern communities. (Ayano Hisa for Axios)
Mr. Draymond Green credits Lebron James for inspiring NBA players to start businesses while playing. “Walk into our locker room, you’ll hear more about business than basketball."
Ms. Susan Lyne explains the logic behind BBG Ventures, a fund that backs startups with at least one female founder: "If you look at who the consumers of new technology products are...it's still primarily women."
Students ready for the future. (Ayano Hisa for Axios)
Smarter Faster with a view. (Ayano Hisa for Axios)

Our next stops are Howard University and Ohio State University--we hope to see you on campus!

Go deeper

Dan Primack, author of Pro Rata
31 mins ago - Economy & Business

Trump blocks banks from limiting loans to gun and oil companies

Illustration: Sarah Grillo/Axios

Big banks are no longer allowed to reject business loan applicants because of the industry in which they operate, according to a new rule finalized on Thursday by the Trump administration.

Why it matters: Wall Street has curtailed its exposure to industries like guns, oil and private prisons, driven by both public and shareholder pressures. This new rule could reverse that trend.

Former FDA commissioner: "Reliable drug supply is absolutely critical"

Axios' Caitlin Owens and former FDA commissioner Mark McClellan. Photo courtesy of Axios Events

Having a reliable supply of pharmaceutical drugs throughout America will be "absolutely critical" to boosting affordability in health care during the Biden administration, former Food and Drug Administration (FDA) commissioner Mark McClellan said at a virtual Axios Event on Friday.

The big picture: McClellan, who served under President George W. Bush, says drugs having limited supply and limited competition leads to elevated pricing. He considers drug supply to be a national security and public health issue.

Felix Salmon, author of Capital
3 hours ago - Economy & Business

Americans are still spending money

Source: Census Bureau; Chart: Axios Visuals

Americans spent more money at stores and restaurants in 2020 than they did in 2019 — even in the face of a devastating global pandemic that shut down broad sectors of the economy.

Why it matters: The monthly retail sales report this morning came in well below expectations, and showed consumer spending falling on a seasonally-adjusted basis. Total expenditures were still higher in December 2020 than they were a year previously, however.