The Federal Aviation Administration (FAA) has opened a new investigation into Boeing after the company disclosed to employees that it may not have completed required inspections on certain 787 Dreamliner airplanes.
Why it matters: The new investigation comes on top of several other federal probes of Boeing after a mid-air blowout with one of its 737 MAX 9 jets during an Alaska Airlines flight earlier this year reignited safety concerns.
The 2024 Pulitzer Prize winners were announced Monday, with two awards and a special citation going to outlets and journalists for their coverage of the ongoing war between Israel and Hamas.
Why it matters: This year's prizes reaffirmed the risks journalists take to uncover the truth in areas of conflict and distress.
The SEC issued a Wells Notice on May 4, stating that staff had made a "preliminary determination" alleging that Robinhood had violated securities law.
Why it matters: The flurry of token delistings last year by Robinhood and other brokerages hasn't assuaged the SEC as it continues to crack down on the sector.
Private equity is trying to help Sony buy Paramount, but Jeffrey Katzenberg believes private equity may be the reason that Sony can't buy Paramount.
Why it matters: Katzenberg isn't just a former Hollywood media mogul and current tech investor. He's also a key advisor to President Biden on his reelection campaign, and one of the Democratic Party's most prolific fundraisers.
Paramount Global's sale process is wide open after an exclusive window with Skydance Media lapsed, opening the door for Sony's joint bid with Apollo Global Management.
Why it matters: Time is of the essence. Deal talks have dragged on since December, and Paramount has a long list of reasons for wanting to wrap up an agreement soon, including its debt pile and struggling business.
The share of families without access tochild care is rising in the wake of the child care cliff, the date last year when pandemic-era federal funding for the industry ran out, according to an analysis of census data shared exclusively with Axios.
Why it matters: The child care industry is in crisis mode, post-cliff, with more centers closing, raising tuition, facing staffing shortages, and being unable to operate at full capacity.
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