Starbucks today poached Chipotle's heralded boss as its new CEO, hoping to replicate the same sort of turnaround that he executed at the fast-casual Mexican chain.
Why it matters: Starbucks has been reeling from a slowdown in sales and facing pressure from activist investors to make changes.
X will continue to pursue antitrust litigation against several major brands and an ad industry group, even after one of the lawsuit's defendants shut down, CEO Linda Yaccarino told Axios Tuesday.
Why it matters: Yaccarino was the face of the ad industry for over a decade at NBCUniversal. Now, she's charging some of its biggest players with abusing their power.
The United Auto Workers union said Tuesday that it filed federal labor charges against former President Trump and Tesla CEO Elon Musk after the duo's conversation on X veered into talk about workers striking.
The Harris campaign has been editing news headlines and descriptions within Google search ads that make it appear as if the Guardian, Reuters, CBS News and other major publishers are on her side, Axios has found.
Why it matters: It's a common practice in the commercial advertising world that doesn't violate Google's policies, but the ads mimic real news results from Search closely enough that they have news outlets caught off guard.
Ford and Mazda are telling customers not to drive certain older vehicles equipped with faulty air bags that were recalled years ago but never replaced by their owners.
Why it matters: The warnings are an urgent reminder of the danger from the largest and most complex safety recall in U.S. history, affecting 67 million Takata air bags in tens of millions of vehicles.
Substack is on track to more than double its politics and news subscribers in 2024, executives told Axios. The number of Substack journalists in news and politics making more than $1 million has doubled over the past year — and is now in "double digits," the company says.
Why it matters: Journalists with big brands or unique expertise are betting there's more upside in building their own products and audience relationships right now than freelancing or joining another potentially volatile newsroom.
Of all the laborers critical to the smooth flow of goods around the planet, unionized dockworkers find themselves among those with the most power and best pay.
Why it matters: Port workers along the East and Gulf coast are threatening to strike in October — alarmingly close to Election Day.
Elon Musk gently tried steering Donald Trump toward acknowledging climate risks and backing some kind of energy transition — and didn't get far.
Why it matters: The Tesla boss has endorsed Trump and has his ear. The pair chatted Monday night for two hours on X in an interview delayed by glitches.
McDonald's is making a play for consumers who grew up on Happy Meals with its new Collector's Meal that debuts Tuesday.
Why it matters: This is the fast-food giant's latest temporary offer and joins the $5 meal deal, which has been extended through August in the majority of U.S. locations.
Former President Trump turned his "conversation" with Elon Musk on Monday night into an extension of a campaign speech, often bulldozing the tech founder's attempts to join the dialogue.
Why it matters: The conversation started on a tough note for Musk with a 40+ minute delay, then featured lots of Trump criticism of President Biden despite his advisers' attempts to get him to focus his attacks on Vice President Kamala Harris.
