The next generation of comedy stars is getting exposure in an unconventional way by doing stand-up shows in backyards and other pop-up locations across the country.
The big picture: Viral videos of"Don't Tell Comedy" sets have accelerated the careers of comedians like Ralph Barbosa, Susan Rice, Katherine Blanford, Alec Flynn and Lea'h Sampson.
Select Walmart Great Value apple juice is being recalled in 25 states because the product contains potentially harmful levels of inorganic arsenic.
Why it matters: The Food and Drug Administration has designated the recall as Class II, which means it "may cause temporary or medically reversible adverse health consequences."
IBM is the latest American company to downsize its presence in China amid heightened tensions between Washington and Beijing.
Why it matters: China'sefforts to decrease its dependence on the West have ratcheted up local market competition — and U.S. tech giants including Microsoft are looking elsewhere to house their operations.
Toncoin, a cryptocurrency tied to Telegram, shed more than 20% of its market value after the weekend arrest of Telegram co-founder CEO Pavel Durov in Paris.
The big picture: It since has experienced a slight recovery, and currently is the world's 10th largest crytpocurrency with around a $14.2 billion market cap.
A who's who in the climate VC and founder world have organized behind Kamala Harris — and trying to boost clean tech's election-season political strength.
Why it matters: "There's a substantial amount of political power and sort of latent capacity that has been untapped among the emerging climate industrialists," says Shomik Dutta, co-founder of the firm Overture.
The future for Vimeo is strongly tied to generative AI, the company's new CEO Philip Moyer tells Axios.
Why it matters: The video platform faces intense competition with OpenAI, Adobe, Canva, Runway, Lightricks and other companies racing to build text-to-video AI tools and services aimed at similar customers.
The latest: In his first interview since being appointed CEO in April, Moyer, a former Google VP, tells Axios that Vimeo sees major enterprise opportunities in solving the headaches of professional creators and corporate marketing departments with AI features that simplify storage, customization and distribution of video.
"We are a trusted intermediary for wherever you want to use video and however you want to use it," he says.
Zoom in: The company is aiming to make it easy for people to push videos they've uploaded to Vimeo directly to Instagram, TikTok, YouTube and podcasting platforms, for example.
And Vimeo has been experimenting with adding AI features that can learn and replicate a creator's storytelling and on-camera personas to generate everything from custom client-facing video messages to scenes in documentaries and films.
Zoom out: The company tends to focus on professionals such as brand marketers and filmmakers because they typically want more control and ownership over how their videos are used and monetized, Moyer says.
Vimeo's enterprise business has accelerated from a pace of 32% year-over-year quarterly revenue growth in Q2 2023, to 55% growth in the latest period to $20.1 million.
Vimeo also sees opportunity in helping clients and creators adhere to a growing number of complex AI regulations, he adds.
What we're watching: Wall Street is concerned about increased capex spending on AI and the time it will take to see investment returns.
Vimeo, traded on the Nasdaq and valued at around $860 million, cut 11% of its workforce in early 2023 and 6% in 2022, but Moyer says the company is in a strong position to grow profits without needing to shrink headcount.
"We've got one of the strongest balance sheets among our competitors, and our cash flow is among the strongest of [our] competitors, and so, no, we do not need to lay off to grow," he says.
The stock trades at just over $5 per share, up 36% so far this year, but still down over 90% since going public in 2021.
A select group of private equity-backed physician practices benefited from the federal process for resolving billing disputes for out-of-network care, collecting payouts well above what insurers would have paid in-network, an analysis of 2023 data shows.
Why it matters: The findings from Georgetown University researchers in Health Affairs raise more questions about whether the No Surprises Act is actually having a dampening effect on health costs and premiums paid by consumers, as was projected.
Why it matters: TikToker Jools Lebron's massively viral video describing her "very demure, very mindful" workplace-friendly makeup and clothing style sparked a marketing movement from brands hoping to hop on the "demure" buzzword bandwagon.
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