As it braces for the fight of its life, the private equity industry is launching a 7-figure ad campaign to make its case for how it boosts the economy.
Why it matters: President Trump is taking aim at the tax treatment of "carried interest," and the private equity industry has the resources and self-interest to preserve the status quo.
The FBI has created a task force dedicated to investigating Tesla attacks, FBI Director Kash Patel confirmed on X on Monday.
Why it matters: It's the latest step by the Trump administration to use the full weight of the government to both promote and defend Elon Musk's car company.
Hyundai will spend $5.8 billion to build an advanced steel plant in Louisiana, President Trump said Monday, part of a larger $21 billion U.S. investment by the South Korean industrial conglomerate.
Why it matters: The investment comes just days before the Trump administration is set to enact new tariffs, as well as reciprocal levies on countries he says have treated the U.S. unfairly, including South Korea.
Why it matters: That financial distress has sparked a big question for some of the more than 15 million customers who have used the company's services: What does a sale mean for the genetic data 23andMe stores?
The Jo Bros are celebrating 20 years of music with the "JONAS10: Living the Dream" tour this fall.
State of play: The stadium tour will also feature sets from Nick and Joe's solo career and guest appearances by Marshmello, The All-American Rejects and Boys Like Girls in select cities.
Six Voice of America staffers filed a lawsuit against the Trump administration Friday for shuttering the U.S. Agency for Global Media and effectively dismantling the five broadcast agencies it supports. On Monday, they filed a motion for a temporary restraining order to freeze any further attempts to gut VOA and its sister broadcasters.
Why it matters: Their lawsuit followed a separate legal action against the administration from sister broadcaster Radio Free Europe/Radio Liberty last week. Collectively, the efforts suggest impacted journalists and press advocacy groups won't let government media die without a fight.
The Supreme Court on Monday declined to hear a case seeking to challenge the 1964 precedent that protects news outlets from litigation for publishing critical information about public figures.
Why it matters: Conservative justices have called for the Supreme Court to revisit New York Times v. Sullivan, which determined that a plaintiff must demonstrate "actual malice" in defamation lawsuits against the press.
The Federal Communications Commission is threatening to block media mergers based on corporate DEI policies.
Why it matters: This creates new layers of complexity and uncertainty for dealmakers, and reflects how the Trump administration is willing to pull novel levers to end what most CEOs viewed as sensible policies until two months ago.
Genetics testing company 23andMe has filed for Chapter 11 bankruptcy protection and launched a sale process, just weeks after rejecting a takeover offer from co-founder and CEO Anne Wojcicki.
Why it matters: The writing was on the wall when 23andMe's independent directors quit last fall, but it's still stunning to witness the dysfunctional destruction of the rare biotech unicorn to become a household name.
Why it matters: Stocks jumped in early trading after reports that suggested the much-hyped "Liberation Day" might not be as harsh or broad as previously expected.
A slew of conservative politicians and gun activists, including Donald Trump Jr., and investor Blake Masters, are joining the board of GrabAGun, a digital firearms retailer that plans to go public this summer.
Why it matters: The public markets have typically been unfriendly to gun retailers. GrabAGun and its backers believe a new administration could present an opportunity to tap into investor interest in the gun industry.
Starbucks' former chief corporate affairs officer AJ Jones II will join Monumental Sports & Entertainment (MSE) as executive vice president and chief strategic and corporate communications officer, Axios has learned.
Why it matters: His hiring comes amid the revitalization of Capital One Arena, which is expected to be completed by the Washington Wizards and Capitals' 2027-28 season.
Why it matters: It's an example of how DOGE cost-cutting could have consequences beyond the targeted agency. In this case, the effects could ripple across the financial system.
Some states have more at stake than others in F-35 aircraft production and sales, per data from the main aerospace companies involved.
Why it matters: The F-35 fifth-generation fighter jet has become a geopolitical football, with some longtime U.S. allies reconsidering it amid the Trump administration's hostility toward Canada and NATO and embrace of Russia.
