Republican grievances against the AP Stylebook's influential guidance on topics like race, gender and immigration have incubated for more than a decade — culminating last week with President Trump's expulsion of Associated Press reporters from the Oval Office.
The big picture: The White House blamed the restriction on AP's recent "Gulf of Mexico" decision. But it's part of a broader escalation against what conservatives see as the AP's tight control over the news media's word choices, as Axios' Marc Caputo reported.
Intel's stock surge continued Tuesday, as investors welcomed the prospect that the company could be headed for a breakup.
Why it matters: Intel has struggled to keep up in the chip wars, while rivals like AI chip giant Nvidia turned into cash cows.
Between the lines: Intel shares are up 38% over the last week, having gained another 16% today after reports that Taiwan Semiconductor Manufacturing Company and Broadcom could make bids for part of the company.
TSMC is said to potentially be interested in taking control of Intel's chip plants, WSJ reported.
Broadcom is reportedly intrigued by the idea of acquiring Intel's chip design and manufacturing functions.
Recent high-profile airline accidents have caused a spike in Americans questioning just how safe it is to fly, according to Google Trends data.
Why it matters: Flying remains the safest and most efficient way to travel long distances in the U.S., but the Google data reflects how events in the news can impact the way people feel when they're boarding an aircraft, or considering whether to book a flight.
The share of investors who think U.S. stocks are overvalued is at a 24-year high, according to a new BofA Global Research survey out Tuesday.
Why it matters: As well as U.S. stocks have done in the last couple of years, there's more concern than ever about how highly concentrated the market is, and what happens if the "Magnificent 7" driving those gains lose their luster.
The John S. and James L. Knight Foundation this week will announce a $25 million investment in the American Journalism Project, a venture philanthropy dedicated to local news, executives told Axios.
Why it matters: The money represents the largest grant AJP has raised since its 2019 launch and one of the largest journalism grants the Knight Foundation has ever allocated to a single organization, said Sarabeth Berman, CEO of AJP.
Simone Biles is joining Religion of Sports, the production company co-founded by Tom Brady, Michael Strahan and filmmaker Gotham Chopra, as a creative partner and board member, she told Axios in an interview.
Why it matters: The move firmly establishes Biles — the most decorated gymnast in history — as a media entrepreneur.
The Pentagon's chief spokesperson Sean Parnell has invited radio hosts Clay Travis and Buck Sexton to broadcast their show from the Pentagon, sources confirmed to Axios.
Why it matters: The Trump administration has moved quickly to establish new norms within press briefing rooms.
Another head of state promoted a meme coin, only this time it went very, very badly.
Why it matters: There's been a lot of talk about why the Official Trump meme coin could be bad, but the Argentinian experiment did go bad, in less than a weekend.
Catch up fast: Friday evening, Javier Milei announced a Solana token with a tweet. The token was called LIBRA. It exploded in value, getting up to over $4 billion in market cap.
(Market cap being the value of all the tokens in existence — an especially fuzzy measure in the blockchain world.)
Not long after, it crashed over 90% in value, following a massive sale of the token, apparently by insiders (what has the look of a rug pull to many).
The next day, Milei deleted the original tweet. He wrote another saying that he was just promoting a private venture and he had nothing to do with it.
What they're saying: "This is the latest sordid episode emanating from Solana's meme coin complex, which as a whole is down significantly since topping in January on the launch of $TRUMP," Alex Thorn, research chief at Galaxy Digital, wrote in a report that goes into detail about allegations of insider trading on the LIBRA coin.
🍿 One on-chain sleuth presented evidence that seems to link dumping on LIBRA with dumping on Melania Meme, the first lady's meme coin.
Flashback: LIBRA was going to be the name for the stablecoin that the company then known as Facebook wanted to launch before Western regulators slapped it down.
Zoom out: The scandal has finally put headwinds on Milei, who the world has reluctantly feted as he delivered results on fixing his nation's economy, delivering a trade surplus and putting the brakes on inflation.
The slash-and-burn model that Milei has taken is one that Elon Musk seems to be emulating with the Department of Government Efficiency.
The upshot: The drama has knocked Solana's SOL coin down a notch on the global charts, falling back below Binance's BNB token again.
SOL was trading at $204.90 at its Friday peak. It's now at $170, a 17% drop.
But it's still the sixth-largest crypto asset in the world.
The egg crisis is getting so acute, that it's almost a better deal to have a burger for breakfast than an omelette.
The latest: Trader Joe's is limiting egg purchases, and Waffle House and at least one other New Orleans restaurant are tacking on egg surcharges for diners.
As a series of recent books has detailed, successive U.S. administrations this century have shown an unprecedented willingness to use payments systems against foreign adversaries. Now, the Trump administration may be taking certain pages from the playbook domestically.
Why it matters: At stake is the security and trustworthiness of the largest and most important payments system in the world, one that was already fraying around the edges even before President Trump took office.
Elon Musk is not the administrator of DOGE nor is he an employee of the department that's overseeing massive cuts to the federal workforce and agencies, per a Monday night White House court filing.
Why it matters: President Trump described Musk as a leader of the operation when he announced the department in November, and the billionaire has become the face of the drive.
The Trump administration fired "less than 400" of the Federal Aviation Administration's (FAA) 45,000 employees, Transportation Secretary Sean Duffy said Monday evening.
The big picture: The Trump administration's push to make large-scale reductions in the federal workforce in a cost-cutting drive has been criticized by some, including the union that represents the FAA and Duffy's Democratic predecessor, Pete Buttigieg.
New York Gov. Kathy Hochul (D) said she's meeting with "key leaders" at her Manhattan office Tuesday to discuss a "path forward" after four top officials in NYC Mayor Eric Adams' administration resigned.
Why it matters: Hochul said in her Monday statement the resignation of First Deputy Mayor Maria Torres-Springer and the other officials "raises serious questions about the long-term future" of Adams' administration and acknowledged she has the power to remove the mayor from office.
A Delta Air Lines plane from Minneapolis crashed while landing at Toronto's Pearson International Airport Monday, but officials said all 80 people on board were evacuated from the aircraft that flipped during snowy conditions.
The big picture: There were no fatalities from the crash that involved Delta Connection flight 4819, operated by regional subsidiary Endeavor Air, but "18 customers" were taken to local hospitals, per a Delta statement on what the airline called a "single-aircraft accident."
Employees of Elon Musk's SpaceX will visit the Federal Aviation Administration's Air Traffic Control command center on Monday to suggest safety improvements, Secretary of Transportation Sean Duffy said.
Why it matters: The agency is under heightened scrutiny following last month's deadly collision between a helicopter and a regional jet at Ronald Regan Airport in Washington, D.C.
