The big picture: The largest music festival in America, the Coachella Vally Music and Arts festival outside Indio, California, draws an estimated 200,000 visitors each year, though ticket sales have slumped recently.
Dina Powell McCormick, a prominent banking executive and former Republican official, and Stripe CEO Patrick Collison are joining Meta's board, Axios has learned.
Why it matters: It's part of a broader effort by Meta to expand its board to include more global business experts. The appointments also come as the company looks to curry favor with the Trump administration.
Egg prices rose to a record high of $6.23 per dozen in March, according to U.S. Bureau of Labor Statistics data released on Thursday that pre-dates a recent decline in retail prices.
The big picture: President Trump claimed credit last month for a drop in wholesale egg prices, as bird flu outbreaks that had forced producers to cull millions of chickens and sparked shortages began to wane — and his administration moved to tackle high prices by boosting egg imports.
To fight a trade war against China, most foreign policy experts would say that you need allies.
Why it matters: Over the past few months, the White House antagonized pretty much all its friends on the global stage, making it that much harder to carry out what is now a full-blown tariff battle with China.
China increased its tariff on U.S. goods to 125% on Friday, matching President Trump's levy, but said it won't go higher.
Why it matters: The tit-for-tat move extends a trade war impacting hundreds of billions of dollars' worth of goods — though the intention to cap the tariff may be a small opening to moderate tensions.
President Trump's whiplash tariffs may have inadvertently achieved his goal of reordering the global economy by inspiring investors to sell U.S. assets and move their money elsewhere.
Why it matters: For decades, the world has invested in America. Now, a global moment of clarity threatens to redirect trillions of dollars of capital inflows and diminish the U.S. in the international economic order.
Young people are starkly divided by who they vote for, what they do for fun and where they get their news and information, according to new Axios-Generation Lab polling.
Why it matters: Gen Z and young millennials exemplify how social media, news and podcasts have fragmented America into competing realities.
Siemens executive Agustín Escobar and his family were among six people to die when a helicopter crashed in the Hudson River, between New York and New Jersey, on Thursday, the company confirmed in an email.
The latest: The Spanish executive, his wife, Mercè Camprubí Montal, and his children — ages 4, 5 and 11 — were aboard the helicopter when it crashed. The pilot, who also died in the crash, was not immediately identified.
Why it matters: The U.S. Treasury market is the heart of the global financial system. The rapid selloff fueled by Trump's tariffs was seen as a ticking economic time bomb that risked bringing the world economy to a screeching halt.
President Trump threatened Mexico with more tariffs and sanctions on Thursday over a water dispute at the southern border.
What he's saying: "Mexico OWES Texas 1.3 million acre-feet of water under the 1944 Water Treaty, but Mexico is unfortunately violating their Treaty obligation," Trump said in a Truth Social post, referring to a 1944 agreement that requires Mexico to deliver to the U.S. 1.75 million acre-feet of water over a five-year cycle.
