Most Hulu, Disney+ and ESPN+ streaming plans will cost $1 to $2 more per month starting in mid-October, Disney announced Tuesday.
Why it matters: Rising costs for major streaming services — also known as "streamflation" — are already forcing more consumers to consider ad-supported plans.
Four historically Black medical schools are getting $600 million from Michael Bloomberg's philanthropic organization to bolster their endowments.
Why it matters: The medical profession needs more diversity to ensure it's adequately serving the public and avoiding blind spots.
And Black people are particularly underrepresented among physicians.
Driving the news: Bloomberg Philanthropies today announced $175 million each for Howard University College of Medicine, Meharry Medical College and Morehouse School of Medicine, and $75 million to Charles R. Drew University of Medicine & Science.
A new medical school in New Orleans, Xavier Ochsner College of Medicine, is also getting $5 million in seed funding.
CrowdStrike is fighting back against Delta Air Lines' claims that the cybersecurity vendor didn't provide enough assistance during its recent global IT outage.
Why it matters: How a judge rules in Delta's lawsuit against CrowdStrike could set a precedent for other companies that choose to take legal action over the outage.
I caught up with the anchors and producers at NBC's "Today Show" while in Paris this week. While the show has seen a huge ratings bump over the past two weeks, it's the digital audience growth that makes Paris stand out from previous Games.
Why it matters: Digital used to be an afterthought for the show, said the program's longtime host Savannah Guthrie. Now, "it's an absolute priority."
"We were trying to get Peacock (NBC's streaming services) to be a thing at the last Olympics in Tokyo. Remember how hard we tried?" said Hoda Kotb. "This is the first year we're totally free. Everything's out there. It's all available."
A slew of cuts announced Tuesday suggest the media industry's struggle to regain the advertising and subscription momentum lost during the Biden era will persist for the foreseeable future.
Why it matters: The rapid rise of AI-riven search engines and an unpredictable economy only threaten to disrupt the ecosystem even further. Publishers are trying to get ahead.
Why it matters: More Americans are falling behind on loan payments. Household balance sheets once looked rock-solid. That is no longer the case as the economy slows and high interest rates weigh on consumers.
The big picture: The battle over the labor vote is key to capturing the White House in November and Walz's selection as Kamala Harris' vice president seems aimed right at that constituency.
Democrats have poured nearly twice as much cash into political ads this cycle ($325 million) compared to Republicans ($181 million), according to the latest projections from AdImpact, a political advertising analysis firm.
Why it matters: Democrats' fundraising lead faced pressure amid party division over President Biden's viability as the party's nominee. But Vice President Kamala Harris' rapid rise and subsequent momentum suggest the party could maintain its advertising edge heading into the general election.
X on Tuesday filed a federal antitrust lawsuit against an advertising industry coalition and its members—including CVS Health, Mars, Orsted and Unilever—alleging the group abused its influence over marketers and ad agencies to discriminate unfairly against X, prompting an ad boycott.
Why it matters: The lawsuit is part of a broader effort by conservative lawmakers and media companies to go after GARM, the Global Alliance for Responsible Media.
A handful of major news and music companies have agreed to license their content to ProRata.ai, a generative AI startup that claims it can accurately attribute and share revenues with content ownersfrom AI chatbot subscriptions.
Why it matters: Media partners hope ProRata.ai's business model will pave the way for a new AI economy that honors the value of premium content.
Data: Federal Reserve Bank of St. Louis, FactSet; Chart: Axios Visuals
The 10-year Treasury bond yielded less than its 2-year equivalent for the past two years, the longest ever the yield curve has been inverted. For a few moments yesterday, that record stretch was interrupted.
What happened: At 8:38am, the 2-year yield was 3.65%, slightly lower than the yield on the 10-year which was 3.67%.
Stock market volatility, as measured by the notorious VIX "fear index," briefly hit 66 yesterday — a higher level than at any point except the 2008-9 global financial crisis and the 2020 pandemic crash.
Red Ventures, the digital media and marketing juggernaut based in Fort Mill, South Carolina, is selling tech news and reviews site CNET to Ziff Davis, the publicly-traded digital marketing behemoth, in a deal valued at over $100 million, sources confirmed to Axios.
Why it matters: It's a stunning turn of events for CNET, which bought Ziff Davis — then a tech magazine firm — and its online services company ZDNet, in deal worth roughly $1.6 billion more than two decades ago.
Team USA runner Nikki Hiltz finished third in their preliminary heat of the 1500-meters on Tuesday, advancing to Thursday's semifinals.
Why it matters: Hiltz, who was assigned female at birth and competes in the women's category, identifies as transgender and nonbinary and is among just a few such athletes competing at the Paris Games.
Some of America's largest hospital systems saw their financials soar in the first half of 2024. And yet, more than 700 facilities across the country still are at risk of closing.
Why it matters: It's a familiar tale of the rich getting richer, as big, mostly for-profit health systems see improved margins while smaller facilities in outlying areas are barely hanging on.
Aurora Innovation raised $483 million last week — more than expected — by selling additional shares in the publicly traded self-driving truck company.
Why it matters: The fresh capital provides added momentum for Aurora, which is one of the few companies still able to attract investors after a shakeout in the autonomous vehicle industry.
Chipotle, Lowe’s and Walgreens are the best big companies for high school graduates to get hired and promoted quickly, according to a new analysis by the American Opportunity Index.
Why it matters: Some 40% of this year’s high school graduates do not plan to enroll in college this fall, per the index.
U.S. economic outlook has dimmed some. But the sharp stock selloff of recent days appears to have its roots in more obscure forces — and does not, in and of itself, mean a recession is looming.
Why it matters: After Monday's 3% drop, the S&P 500 is down 9% since reaching an all-time high just three weeks ago today.
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