Exposure to common pesticides is associated with lower sperm concentrations in men around the world, according to research published in the journal Environmental Health Perspectives on Wednesday.
Why it matters: Sperm densities in men across the Western world have fallen rapidly since the early 1970s. Some scientists have suspected that synthetics chemicals that disrupt the body's hormonal system have contributed to the decline, though the precise causes are not fully known.
Cryptocurrency exchanges and entities regulated by New York state have to put a pause on certifying new coins and tokens as compliant until they submit updated policies to state regulators.
Why it matters: New York State is the heart of finance in the U.S., and it leads the way for financial regulation, including cryptocurrency regulation.
The worker vote on the proposed settlement between General Motors and the UAW is going down to the wire, while the deals at Ford and Stellantis are cruising toward approval.
Why it matters: If a majority of UAW members who work for the automaker reject the agreement, it could reignite the union's strike against GM until negotiators can broker a new deal.
Why it matters: News organizations, business leaders and brands are being forced to evolve and meet audiences where they are in order to break through.
China's economic struggles add an unpredictable element to President Biden's meeting with Chinese leader Xi Jinping on Wednesday.
Why it matters: There's not much transparency into the decision-making process of China's ruling Communist Party, so little is known about how top officials are reacting to domestic economic difficulties.
The leading travel sites have all introduced AI chatbots in time to plan holiday vacations — but you should double-check their work before you plunk down money, says Booking.com CEO Glenn Fogel.
"They have a terrible habit of hallucinating," or giving wrong answers, Fogel noted in an interview with Axios.
Disney's economic impact on Florida is $40.3 billion and it accounts for some 263,000 jobs in the state, according to a study the corporate giant released Tuesday.
Why it matters: The Disney-commissioned Oxford Economics study that's based on 2022 data comes amid a feud with Gov. Ron DeSantis (R) that includes a legal fight over the state takeover of Reedy Creek, a municipal district that was operated by the company.
JPMorgan and Apollo are teaming up on a project that unlocks the future of wealth management with blockchain technology and tokens.
Why it matters: Investors like to see all their positions, all their risks, all their wins and losses, in one place at the same time. The two financial giants believe that blockchains could make that more feasible and flexible via their collaboration.
Driving the news: The pair unveiled the proof-of-concept Tuesday at the Singapore Fintech Festival, as part of the Monetary Authority of Singapore's initiative.
What they're saying: "Today in 2023, in collaboration with Apollo, we have a new, bold vision: Creating a step change in the asset and wealth management industry through a new paradigm for portfolio management," Tyrone Lobban head of JPMorgan's Onyx Digital Assets said.
In the weeds: They aimed to demonstrate that a portfolio manager could manage a large number of discretionary portfolios, made up of a spectrum of tokenized traditional and alternative investments across blockchains, all while maintaining the uniqueness of each investor's account.
Think separately managed accounts (SMAs) at scale, with lower barriers to entry.
Of note: They also built a portfolio construction and management prototype, called Crescendo, to bring that concept to life.
The intrigue: The hot topic right now is getting a bitcoin exchange-traded fund, because investors want to buy bitcoin in their brokerage accounts, not directly on blockchains. Now, investing giants want to put actual blockchains in brokerage accounts.
Between the lines: JPMorgan and Apollo are playing to their respective strengths, model portfolios and alternative investments.
Climate change is set to cause a 4.7-fold surge in heat-related deaths by mid-century if government inaction on global warming continues, a report published Tuesday found.
The big picture: The world is on track for 2.7°C (4.86°F) of heating by 2100 unless swift action is taken to lower emissions, according to the annual Lancet Countdown on Health and Climate Change report.
Auctioneers sold a 1962 Ferrari 330 LM/250 GTO for $51.7 million on Monday, underscoring the model's preeminent status in car collectorship, Nathan writes.
Why it matters: The Sotheby's sale makes it the second most ever fetched for a car at public auction, according to classic-car company Hagerty.
"The Ferrari GTO continues to be the crown jewel in any world-class car collection," Hagerty VP of automotive intelligence Brian Rabold said in an email.
Zoom in: Originally developed for the 1962 race season, the GTO had a top speed of 174 mph when it debuted.
The new ESPN-branded sports betting service is launching today, but the self-proclaimed "worldwide leader in sports" has a long way to go to become a worldwide leader in gambling.
Why it matters: Five years after the Supreme Court allowed states to legalize sports betting, Americans are expected to wager about $130 billion on sports in 2023, according to research firm Insider Intelligence.
Consumers haven't completely turned their back on cryptocurrency as an asset class, but offerings from familiar brands help them feel more confident.
Driving the news: A new report based on a survey of 3,000 consumers in the U.S., United Kingdom, Brazil and Australia found a strong preference for trusted brands as purveyors of cryptocurrency offerings.
The tentative agreement the Hollywood actors' union reached last week with movie studios goes further in outlining specific AI compensation requirements than agreements Hollywood writers 'and directors' unions won earlier this year.
Why it matters: Actors face a different type of existential threat from AI than some of their Hollywood peers.
Driving the news: Some crypto investors got taken for a ride Monday when a person impersonated asset management giant BlackRock in an official state filings database, which catalyzed a brief pop in the XRP coin.
The Federal Reserve's top bank cop, Michael Barr, defended a new proposal by regulators to tighten capital rules for banks — but left the door open for changes in response to criticism before the rules are finalized next year.
Why it matters: The banking industry and many Republicans in Congress have mobilized against the new rules. Opponents say they will constrain lending, hurting lower-income borrowers and small businesses, while proponents say they will make banks safer and avert banking sector crises.
The Guardian expects to make $33 million in digital reader revenue in the U.S. for its fiscal 2023/2024 year — a new record. That money will make up roughly 57% of its total U.S. business, executives told Axios, helping to offset a slowdown in the ad market.
Why it matters: Investments in U.S. products and headcount are paying off for the British newspaper. U.S. reader revenue will account for roughly one-third of all digital reader revenue globally this year.
San Francisco-based Oyster Ventures said it is in the process of removing firm co-founder Kenneth Ballenegger after he tweeted that all Palestinians should be sterilized.
Driving the news: The decision came after social media outrage at Ballenegger, who doubled down on his racist remarks before making his X account private.
Swiss commodities giant Glencore on Tuesday has agreed to buy a majority stake in the coal unit of Canada's Teck Resourcesfor $6.93 billion, months after its $22.5 billion takeover offer for all of Teck was rejected.
The big picture: This is an acquisition for the sake of divestiture, as Glencore within two years plans to spin off its entire coal business via a listing on the NYSE.
Media companies are cutting their workforces as volatility in the ad market persists for premium publishers.
Why it matters: Amid high interest rates and investor skepticism, media companies can no longerrely on raising short-term capital to insulate them from ad declines.
Cox Enterprises named Craig Hodges as senior vice president of corporate affairs, Axios has learned.
Why it matters: Hodges will help advance the corporate narrative ofthe family-owned conglomerate, which touches everything from automotive e-commerce, to telecommunications and media.
Bonuses for 2023 are expected to be down or flat across much of the finance industry compared with last year, according to projections released Tuesday morning.
Why it matters: It's the second year of declining bonuses on Wall Street, though this year's projections look far less catastrophic than 2022's.
JPMorgan Chase CEO Jamie Dimon has been talking privately with GOP presidential candidate Nikki Haley about the global economy, and believes she has the potential to bring the country together, a top banking source tells Axios.
Why it matters: Dimon's informal phone conversations are a vivid sign of the growing establishment enthusiasm for Haley, the former UN ambassador and South Carolina governor.
Carmakers are lining their electric vehicles with trash — literally — and hoping sparse, eco-friendly cabins will redefine luxury for a new generation of buyers.
Why it matters: Turning recycled denim, fishing nets and plastic bottles — or even mushroom roots — into automotive cockpits may help the industry reduce its carbon footprint.
Editor's note: The story, headline and URL have been corrected to show Truth Social recorded an operating loss of $35 million (not $73 million) since its inception. It was also updated to include additional context on the SEC's investigation into the potential merger between DWAC and TMTG, including that a settlement had been reached.
Former President Trump's social media platform Truth Socialreported an operating loss of over $35 million since its inception in early 2021, according to an SEC filing on Monday.
Why it matters: This is the first public financial disclosure for Truth Social, which has been seeking for more than two years to go public via a blank-check company called Digital World Acquisition Corp.
Disney's latest superhero flick, "The Marvels," brought in around $47 million at the domestic box office in its weekend debut, according to Comscore — marking the worst domestic weekend debut in Marvel franchise history.
Why it matters: The film's poor performance is yet another sign of super hero and comic book fatigue hitting theater-goers as pressure for profits increases at major entertainment companies.
A former Fox News reporter is suing the network for allegedly firing him in retaliation for opposing their "false coverage of the January 6th insurrection" was moved to federal court Monday.
Driving the news: Jason Donner, who worked for the network for 12 years before he was terminated in September 2022, alleges he was let go because of his political views and "his refusal to report false information" about the2020 election and the Capitol riot, per the suit.
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