Government pension funds throughout the country have a stake in the future of TikTok, according to a new analysis.
Why it matters: Congress is considering legislation that would force China-based ByteDance to sell the social entertainment app's U.S. operation or shut it down.
Kiss can "Rock and Roll All Nite" after the band became the latest musical artist to sell its catalog for a windfall.
Zoom in: The band sold its catalog, brand name and IP to Sweden-based Pophouse Entertainment Group in a deal believed to be worth more than $300 million, AP reports.
"The goal of the purchase is to expose Kiss to new generations," AP reports, citing Pophouse CEO Per Sundin.
💭 Nathan's thought bubble: That should pay for a lifetime supply of black-and-white face paint.
Flashback: Hope's 2022 story on how music sounds like money to Wall Street.
Why it matters: Given Tesla CEO Elon Musk's history with communications and marketing, his interest in pulling these business levers now feels noteworthy.
Zoom in: Thus far,Tesla's ads have been limited to digital and can be seen across social media platforms like YouTube, Facebook, Instagram and X.
Between the lines: The EV maker previously relied on word of mouth, owned content and Musk's executive profile and cache to build a following. However, Tesla must expand its reach to keep up with the increasingly competitive market.
As vice president of marketing and head of sustainability for Nespresso — an operating group within Nestlé — Jessica Padula is responsible for helping the coffee company stand out in an increasingly crowded market.
Why it matters: Padula says her job is to sell coffee by telling a holistic story that resonates with consumers — particularly those that skew younger.
It's becoming more common for companies, brands and public figures to use their own platforms to reach audiences directly, get ahead of media stories and shape the narrative.
Why it matters: By front-running a story, you risk drawing more attention to the negative coverage, extending the life of a news cycle and igniting the Streisand Effect.
Sen. Ed Markey (D-Mass.) wants increased transparency around private equity investment in health care services companies, such as hospitals, dialysis centers, and physician groups.
Zoom in: He also is proposing new federal abilities to stop those deals from ever happening.
Boeing paid Alaska Airlines around $160 million in compensation for jet groundings after one of its 737 MAX 9 suffered a mid-flight door plug blowout in January, according to a new filing from the airline.
Why it matters: The disclosure widens the fallout for Boeing, which has faced a reputational crisis and seen its manufacturing practices thrust back under the regulatory microscope.
X, previously Twitter, gave several prominent accounts free premium subscriptions to its service and the site's iconic blue verification badge, many of which immediately rejected it.
Why it matters: The move comes almost exactly a year after Elon Musk's platform ended the previous verification structure in exchange for a paid system allowing anyone to be verified for $8 a month.
Vizio, the TV maker, is a media company. So maybe it's not so odd that the bank on the corner is a media company, too.
Why it matters: JPMorgan Chase, a global financial services giant boasting assets of $3.9 trillion, Wednesday launched a subsidiary called Chase Media Solutions, which sells ads to brands on a performance basis.
The trillion-dollar leveraged loan market has officially shrugged off the dislocations of the high-rate era: Q1 borrowing activity hit near-record levels. But don't confuse a revival in the markets with a revival of company balance sheets.
Why it matters: One of the big questions after the Federal Reserve started aggressively tightening was how much rising interest costs would squeeze the finances of the most indebted companies.
TikTok is publicizing its economic impact through a newly commissioned report amid increased scrutiny from U.S. lawmakers.
Why it matters: The report, which the platform is actively pitching to media and posting across its channels, has the potential to tap into a key bipartisan issue — the economy.
Gympass is rebranding to Wellhub, the health-focused startup announced Thursday.
Why it matters: Valued at $2.4 billion as of last summer, the company is "pursuing a much bigger market," co-founder and CEO Cesar Carvalho tells Axios.
Amazon's decision to shut down its grocery stores' flashy Just Walk Out technology delivered a slap in the face to some of the most extreme prognostications about AI.
Why it matters: AI is still not ready to operate on its own in complex physical environments full of people, like grocery stores or roads.
AT&T is putting an additional $3 billion by 2030 toward projects aimed at closing the digital divide in the U.S., the company announced Thursday morning.
Why it matters: U.S. consumers pay some of the highest prices for internet among developed countries.
