Axios

Nestlé on Tuesday announced a new frozen food brand aimed at weight-loss drug users in one of the first direct responses by a major food company to the surging GLP-1 medications.

Why it matters: Debate is swirling over whether this new class of treatments will reshape how Americans eat.

There are hundreds of billions of indexed web pages online, but many won't survive very long.

By the numbers: More than one-third (38%) of webpages that existed in 2013 are no longer available today, according to a new Pew Research Center survey.

• Around 8% of web pages that existed in 2023 are no longer available today.

Why it matters: The data shows just how fleeting content is on the internet.

• Evidence of "digital decay," or disappearing and nonfunctioning sites, persists across the web — from links on government pages to news websites and Wikipedia, Pew found.
• Nearly one-quarter (23%) of news webpages contain at least one broken link, as do 21% of webpages from government sites.

"60 Minutes" wrapped its 50th consecutive season as the No. 1 television news program last weekend, according to new Nielsen figures.

Why it matters: The transition to streaming and digital news has been a ratings killer for many shows. But the CBS News staple remains a juggernaut (9 million viewers on one recent Sunday).

At ExxonMobil's shareholder meeting on May 29, CalPERS, the largest U.S. public pension, will vote against the oil giant's entire board and CEO.

Why it matters: It's a protest vote — but one about shareholder rights.

A bipartisan group of Senators will introduce a bill Tuesday that will require the U.S. Postal Service to perform to a certain level before it can apply a surcharge to periodicals, or local newspapers, to deliver their papers.

Why it matters: Facing a delivery worker crisis, local newspapers have increasingly turned to the USPS to deliver newspapers to subscribers.

Israeli officials seized broadcasting equipment belonging to the Associated Press on Tuesday, arguing it was used to provide images to Al Jazeera, whose Jerusalem bureau was shuttered earlier this month following the passage of a new foreign broadcast law.

Why it matters: Press advocates have warned that the law creates a dangerous precedent for censoring independent news outlets in the region amid the ongoing war with Hamas.

Comcast's new streaming bundle that combines Peacock, Netflix and Apple TV+ will cost between $15-$30, depending on the customer relationship.

Why it matters: The bundle provides Comcast broadband customers incentives and offers significant discounts that could draw new subscribers to the streaming services as they near a saturation point in the U.S.

Google is warning nonprofit newsrooms that passage of a new California bill would jeopardize the firm's future investments in the U.S. news industry, sources told Axios.

Why it matters: This is the second time this year Google has threatened to pull investment in news in response to a regulatory threat in California — but this time, hundreds of publishers outside of California would also feel the impact.

Sonos' first-ever headphones, the Sonos Ace, will go on sale June 5, the high-end electronics company said Tuesday.

Why it matters: The product has been widely awaited by audiophiles and Sonos investors alike, in a crowded category already dominated by major players like Apple, Sony and Bose.

• Meanwhile, potential customers have been eager for a device that provides lossless audio and a seamless way to transition between sound sources, including any Sonos speakers they may already own.

Amazon is turning to artificial intelligence to improve power efficiency and lower emissions.

Why it matters: As concerns mount over skyrocketing energy demands from data centers, electric vehicles and increasingly electrified homes, how the world meets manages this growth may determine if global climate goals are met.

Homebuyers typically covet amenities like walk-in closets or cold-plunge pools — but the latest hot thing in the housing market is the old-school sub-4% mortgage.

Why it matters: The new idea to revive the housing market is something called an "assumable mortgage," where a homebuyer not only acquires a house but also the seller's mortgage.

San Jose, San Francisco and Washington, D.C., are America's freelance capitals, finds a new Fiverr report shared exclusively with Axios, with the highest annual earnings per freelancer among the 30 biggest U.S. metros in 2023.

The big picture: Freelancers account for 4.1% of the U.S. labor force, per the report — and many seem to be finding success, with 43% reporting a revenue bump last year.

Trump Media & Technology Group, the parent company of Truth Social, on Monday disclosed that it lost $327.6 million on just $770,500 in revenue during the first quarter of 2024.

Why it matters: Even by upstart social media standards, these are awful numbers.