Moderna is dialing back its plans for new vaccines, shelving several key projects as it grapples with a sharp slowdown in COVID shot sales.
Why it matters: The company came to the world's rescue during the pandemic, but the pharmaceutical industry is still a what-have-you-done-for-me-lately business.
Two of the biggest U.S. investment banks are putting in place new guardrails around the amount of hours that junior employees log every week, Axios has confirmed.
Why it matters: The death of a 35-year-old Bank of America investment banker in May had prompted the industry to evaluate, once again, the viability of the kind of culture that's very specific to this corner of Wall Street.
There are now two election-related betting contests legally trading on events-based marketplace Kalshi, following an opinion by a federal judge in favor of the company.
Why it matters: Hundreds of millions of dollars have already been wagered on this year's U.S. election, but all of those bets were made in a legal grey area, one that seems to have just become a lot more clear.
Strategic communications firms were caught on their back foot when Donald Trump was elected in 2016 and they aren't looking for a repeat, particularly as geopolitics becomes more engrained in the work.
Why it matters: While the experience of political operatives and those with public affairs backgrounds is needed more than ever, concerns over culture fit are dividing employees.
The total economic output of U.S. Latinos reached $3.6 trillion in 2022, growing at a faster rate than most wealthy global economies, according to a report released Thursday.
Why it matters: Despite wide economic disparities in the United States, Latinos' rapid population growth, relative youth, educational attainment and high levels of entrepreneurship have made them an economic powerhouse.
If the government succeeds in breaking up Big Tech, private equity is more likely to be a seller than buyer.
State of play: Google and the Justice Department are locked in a trial over allegations that the search giant's advertising business is anticompetitive. If the government wins, it will ask for divestitures.
BlackRock and Partners Group on Thursday announced a partnership to offer wealthy individuals a simpler way to access private markets.
Why it matters: The world's largest asset manager keeps pushing deeper into private equity, following its recent acquisitions of both Global Infrastructure Partners and Preqin.
A list of Europe's economic shortcomings is a reminder of the strength that underpins the U.S. economy.
Why it matters: The man credited with saving Europe from one crisis now says it faces another. Countries are falling behind; he says the union must become more like America to catch up.
Why it matters: It's the first sign that this summer's value wars will continue into fall as restaurant chains promote affordability to win consumers back.
White House News Photographers Association president said Vice President Kamala Harris' campaign team has engaged in an "unprecedented reduction in access" to the news media, according to an Aug. 28 letter from the association (WHNPA) to the Harris team obtained by Axios.
Here's what's new on Prime Video, Hulu, Netflix, Paramount+, Disney + and Max.
What we're watching: A docuseries that dives into the business of college sports, a comedy from "Insecure" star Natasha Rothwell, and a new season of "The Circle."
The Food and Drug Administration cited AbbVie for making misleading claims about a migraine pill in TV ads featuring tennis legend Serena Williams and ordered the company to come up with a plan for discontinuing the ads or halting distribution of the drug.
Why it matters: While the FDA has the authority to police advertising, it doesn't regularly issue warnings like the one for AbbVie's Ubrelvy, which was posted on the agency's website on Wednesday.
An unverified Facebook rumor about Haitian immigrants eating pets rocketed to the center of right-wing discourse this week — rapidly mutating into racist memes like a twisted game of telephone.
Then, on Tuesday, it reached its appalling final form: an endorsement by Donald Trump on the presidential debate stage.
Why it matters: It should come as no surprise that Trump, the country's chief election denier and a champion of the anti-Obama "birther" movement, is susceptible to conspiracy theories.
