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Bruce Smith / AP

Organized labor was dealt a major blow on Wednesday when 74% workers at Boeing's North Charleston, South Carolina plant voted to remain union free. The result is salt in the wound of the labor movement, whose leaders backed Hillary Clinton in November, though its rank and file voted for the Republican nominee at the highest rate since the 1980s. The news comes as a relief to Boeing, which invested billions in South Carolina after a costly machinist union strike at its Washington facilities in 2008.

Verizon gets a discount: Revelations last year of massive hacking breaches at Yahoo in 2013 and 2014 has enabled Verizon to negotiate a $300 billion discount for its acquisition of the search giant. The Wall Street Journal reports that a new agreement could be hammered out by the end of the week, in time for the deal to be finalized in April, though an ongoing SEC investigation into whether Yahoo should have disclosed the new sooner may slow progress.

Wall Street braces for higher interest rates:

Data describing rising inflation and stronger retail sales, combined with Janet Yellen's

bullish commentary

before Congress this week has led to futures markets raising the odds that the Federal Reserve will raise interest rates at its next meeting next month. Wall Street Analysts concurred, with JPMorgan moving up its prediction for the first hike of 2017 to May rather than June, while Goldman Sachs said there was now a 30% chance of a hike next month, up from 20%.

Go deeper

Restaurant software meets the pandemic moment

Illustration: Annelise Capossela/Axios

Food delivery companies have predictably done well during the pandemic. But restaurant software providers are also having a moment as eateries race to handle the avalanche of online orders resulting from severe in-person dining restrictions.

Driving the news: Olo filed last week for an IPO and Toast is rumored to be preparing to do the same very soon.

Bryan Walsh, author of Future
2 hours ago - Technology

How the automation economy can turn human workers into robots

Illustration: Sarah Grillo/Axios

More than outright destroying jobs, automation is changing employment in ways that will weigh on workers.

The big picture: Right now, we should be less worried about robots taking human jobs than people in low-skilled positions being forced to work like robots.

House passes $1.9 trillion COVID relief package

Photo: Screenshot via C-SPAN

The House approved President Biden's $1.9 trillion COVID relief package on a 219-212 vote early Saturday morning, sending it to the Senate for a possible rewrite before it gets to Biden's desk.

The big picture: The vote was a critical first step for the package, which includes $1,400 cash payments for many Americans, a national vaccination program, ramped-up COVID testing and contact tracing, state and local funding and money to help schools reopen.