Why it matters: Booming sales of Novo Nordisk's Ozempic and Wegovy and Eli Lilly's Mounjaro and Zepbound have led to widespread shortages of GLP-1 treatments.
CrowdStrike CEO George Kurtz said in a LinkedIn post Thursday that 97% of the Windows sensors that went offline during last week's global IT outage are now back up-and-running.
Why it matters: Roughly a week after CrowdStrike shipped out a faulty update that bricked millions of Windows computers, the worst appears to be over.
Economists anticipated lackluster economic growth last quarter. Instead, growth surged, a sign of the still-resilient economy.
Why it matters: The soft landing was very much intact this spring. Price pressures eased, but not at the expense of the strong economy and labor market.
As an operating partner and chief marketing officerat venture capital firm Khosla Ventures, Shernaz Daver is tasked with supporting the firm's portfolio companies and revitalizing the firm's brand, she tells Axios.
Why it matters: Daver is the first marketing and communications hire for the 20-year-old firm, which was the first to invest in companies like OpenAI, DoorDash and Block.
CrowdStrike CEO George Kurtz has received a lot of criticism from the communications community for his statements following the global outage that took down airlines, financial institutions and medical facilities.
Why it matters: The outage on July 19 — and Kurtz's response to it — not only hurt CrowdStrike's reputation but could impact the reputation of its major customers like Delta and Microsoft.
An increasing share of adults under 50 say they're unlikely to have kids — and the major reason is, well, they just don't want them, according to a report from Pew Research Center out Thursday morning.
Why it matters: The U.S. fertility rate is at a historic low, posing problems for future economic growth, and the survey takes a crack at figuring out what's going on.
The U.S. economy grew at a 2.8% annualized rate in the second quarter—a faster rate than economists expected as consumer spending increased and businesses built up inventories, the Commerce Department said on Thursday.
Why it matters: The new data raises confidence the economy has achieved a "soft landing" — healthy economic growth alongside cooling inflation.
Southwest Airlines is shifting to assigned seating and will offer some premium seating with extra legroom, the low-cost carrier announced on Thursday as part of a significant shakeup to its traditional business model.
Why it matters: The changes come the same day the airline reported second quarter results that beat some expectations following a bump from a summer travel boom but still "fell short" in other key areas.
Two-thirds of restaurant workers who work for tips earn so little that they don't pay federal income taxes, per a new report parsing data from the Census Bureau's American Community Survey.
Why it matters: Last month, former President Trump proposed eliminating taxes on tips — part of his more explicit appeal to the working class — but it's hard to see how that would benefit workers. It might even hurt them in the long run.
Tesla CEO Elon Musk says the automaker's self-driving technology will be good enough by next year to launch a long-awaited robotaxi service, but there are serious questions about the technology's readiness and how such a business would operate.
Why it matters: With Tesla's electric vehicle profits shrinking, Musk is now betting the company on an autonomous future involving both vehicles and humanoid robots.
