Proponents of stablecoin legislation have new reason for hope that something could get done before year-end, as Rep. Maxine Waters (D-Calif.) has put a deal on the table for House financial services Chairman Patrick McHenry (R-NC), a Hill staffer tells Axios.
Why it matters: Stablecoin legislation has been thought to be the easiest starting point for updating U.S. laws to deal with some sort of cryptocurrency.
Vice President Kamala Harris says former President Trump hasthe "desire to be a dictator" Tuesday in response to journalist Bob Woodward's book detailing the former president's reported communications with Russian President Vladimir Putin.
Why it matters: Harris said during her radio interview with Howard Stern the GOP nominee was easily manipulated "by flattery and with favor" by people like Putin.
Why it matters: Federal law allows companies to sell compounded versions of drugs that are on the FDA's shortages list — which has led to a surge of copycats to the newly popular class of GLP-1 injections.
OpenAI has struck a content partnership deal with Hearst, one of the largest newspaper and magazine holding groups in the country, the companies said Tuesday.
Why it matters: OpenAI has already struck similar deals with Hearst's magazine rivals Condé Nast and Dotdash Meredith.
Mega Millions tickets will more than double in price, while the odds of winning will go from astronomical to slightly less astronomical.
Why it matters: Americans spent more than $113 billion on lottery tickets in 2023, according to the North American Association of State & Provincial Lotteries.
Fox News Media will launch a daily Spanish-language news show called "Fox Noticias" that will air on Fox Corp.'s Spanish-language sports cable network Fox Deportes, executives told Axios. Ahead of the debut next week, Fox News will also unveil a Spanish-language version of its website.
Why it matters: 50% of the increase in new eligible voters over the past four years has been Hispanic, representing one of the fastest-growing voting blocks in the country, per Pew. But traditional television and newspaper outlets catering to that group have experienced declines.
Citigroup is too big to manage — at least according to Sen. Elizabeth Warren, who wrote a pointed letter last week to Michael Hsu, the acting head of the Office of the Comptroller of the Currency, the bank's primary regulator.
Why it matters: Per a speech Hsu gave last year, banks that are too big to manage should ultimately be broken up if they fail to successfully remediate their problems.
Silicon Valley is increasingly determining who gets elected and who doesn't.
Why it matters: While Big Tech companies learned the value of lobbying in the wake of the Microsoft antitrust trial in the 1990s, it's only much more recently that they've started trying to influence the outcome of elections.
Former President Trump said Monday that Gaza could be "one of the best places in the world," but Palestinians "never took advantage" of its Mediterranean coastal location.
The big picture: The former real estate developer made the comments in a radio interview in which he claimed he's "been there" despite public records showing he's never visited Gaza, and his campaign told the New York Times "Gaza is in Israel. President Trump has been to Israel."
The big picture: A slew ofconspiracy theories rapidly spread online in the wake of the storm — which left more than 200 people dead across six states — about aid to hard-hit communities and employees on the ground.
