Top House lawmakers are calling on CrowdStrike CEO George Kurtz to testify about what caused a global IT outage on Friday and affected roughly 8.5 million Windows devices.
Why it matters: The request is the first congressional action against CrowdStrike over the widespread incident, which caused at least 5,100 flights to be canceled Friday and cost some companies possibly billions in damages.
In a decision that shocked the ad world, Google said Monday it no longer planned to phase out third-party tracking cookies from its Chrome web browser. It will instead introduce a new prompt for users to choose how they want to be tracked across Google's search products.
Why it matters: Google's threat to eliminate cookies sent the ad industry scrambling to find alternatives, prompting anti-competitive concerns from regulators.
Delta Air Lines is still struggling to recover from this weekend's travel meltdown sparked by the CrowdStrike IT outage.
Between the lines: While most other U.S. airlines have recovered, Delta has canceled about 22% of its flights today and delayed about 38%, as of roughly 4:30pm ET, per FlightAware.
That's 834 cancellations and more than 1,440 delays.
By comparison, American Airlines had canceled only 1% of its flights today, while United Airlines reported zero.
Zoom in: Technical issues are stymying Delta's crew-tracking software, Delta CEO Ed Bastian said in a statement Sunday.
Airlines use such software to match pilots and flight attendants with particular flights, while also meeting minimum crew rest rules.
The world's second largest cryptocurrency will be accessible to U.S. investors starting Tuesday in a regulated ETF on major public exchanges, with a few issuers already seeing their applications going effective and others saying theirs is expected to hit soon.
Why it matters: The spotlight is now on ether, the Ethereum blockchain's native token, as the latest digital asset to be legitimized as an investment.
Front Office Sports, the sports business news outlet, has hired veteran business editor Daniel Roberts as its new editor-in-chief, executives told Axios.
Why it matters: It's part of a broader editorial and business expansion fueled by a minority investment in the publication last year by RedBird IMI.
Delta Air Lines is still struggling to recover from this weekend's travel meltdown, even as other U.S. airlines are back to normal operations.
Driving the news: Delays and cancellations plagued almost every airline starting Friday due to a technical problem with widely-used cybersecurity software that also affected hospitals, law enforcement and more.
Robert Leshner's Superstate, a crypto-native asset manager specialized in tokenized funds, is out with its second product, this time a market-neutral strategy that aims to deliver regardless of whether numbers go up, or down.
Why it matters: The Superstate Crypto Carry Fund (USCC) aims to deliver a higher yield than short-term U.S. treasuries offer right now.
The prediction markets were right — and Joe Biden himself was wrong.
Why it matters: Accurate polling is increasingly difficult — and many questions, like whether Biden would drop out, can't be answered by polls at all. Enter prediction markets, which provide a minute-by-minute gauge of electoral probabilities.
Data: FlightAware; Note: Circles sized by share of flights; Map: Axios Visuals
Air travelers leaving the Houston, Atlanta and Detroit areas had the roughest go of it after a global meltdown caused by an error at Texas-based CrowdStrike rocked airline systems around the world.
By the numbers: Nearly 71% of flights departing Houston were delayed or canceled Friday afternoon, per FlightAware.
It was nearly 78% of flights leaving Atlanta, and about 67% of those leaving Detroit.
Hunter Biden dropped his lawsuit against Fox News over a a fictionalized miniseries on him that President Biden's son alleged violated New York law by publishing nude photos and videos of him without his consent.
The big picture: Hunter Biden's lawyers filed court papers seeking to have the suit dismissed hours after his father withdrew from the 2024 race Sunday — though it wasn't immediately clear if this had any bearing on the legal action and his representatives did not immediately respond to Axios' request for comment in the evening.
