President Trump signed a wide-ranging executive order Tuesday addressing drug costs that endorses a pharmaceutical industry-backed change to Medicare drug price negotiations.
Why it matters: Lowering drug prices — which are significantly higher for U.S. patients than in other countries — was a prominent goal of the first Trump administration, and Trump promised to make the issue a priority during his campaign last year.
Boeing is facing a new crisis, this time not of its own making: China has reportedly forbidden its airlines from purchasing any of the company's jets.
Why it matters: Boeing is one of America's most critical manufacturers and exporters, making it an easy target as President Trump's trade war escalates.
Why it matters: 90% of prescriptions are generic drugs or biosimilars, according to the Association for Accessible Medicines, which represents generic drugmakers.
An Associated Press reporter was allowed into a White House event on Tuesday for the first time since the Trump administration banned the newsroom's journalists, an AP spokesperson confirmed to Axios.
Why it matters: The wire service has been banned from the White House press pool and other official events since February after it refused to change its style guide to align with the president's executive order on the Gulf of America.
President Trump signed a memorandum on Tuesday attempting to curtail Social Security fraud, despite ample evidence against widespread improper payments.
Why it matters: The move bolsters Elon Musk's DOGE-related efforts to eliminate Social Security fraud, about which he has continually exaggerated and promoted conspiracy theories.
President Trump has not "made a determination" on if he supports the idea of hiking corporate taxes to pay for other tax cuts, White House Press Secretary Karoline Leavitt said during a Tuesday briefing.
Why it matters: Trump campaigned on lowering the corporate tax rate, which may have helped him garner support from certain investors and business leaders.
R&B icons Charlie Wilson, Babyface, K-Ci Hailey and El DeBarge are joining to tour the country this year.
State of play: "Uncle Charlie's R&B Cookout Tour" will stop at venues in over 20 cities, starting in August at the Hollywood Bowl and concluding in Memphis.
The White House barred an Associated Press reporter and photographer from an Oval Office press conference Monday, despite a court order last week that it must cease blocking the AP from such events beginning Monday.
Why it matters: The Trump administration has indicated that it plans to appeal the ruling, but in the interim, the District Court order still stands, putting the White House in clear violation of the ruling.
The big picture: Obama had previously urged schools to stand up for their values and to resist intimidation amid pressure from the Trump administration, but Monday's comments went a step further when he called the administration's efforts "unlawful and ham-handed."
Virtue AI has raised a $30 millionseed and Series A funding round led by Walden Catalyst Ventures and Lightspeed Venture Partners, the company exclusively shared with Axios.
Why it matters: If Virtue AI's platform works as intended, it could solve a major headache for security leaders who currently juggle multiple tools to address different AI-related vulnerabilities.
Meta has a long history of acquiring or building copycat apps and features that have ultimately failed and shuttered in less than a few years.
But the unprecedented success of two of its biggest bets have regulators concerned its tactics are anticompetitive.
Why it matters: Faced with a historic antitrust lawsuit, Meta argues its acquisitions of Instagram and WhatsApp weren't meant to stifle smaller competitors, but help it remain relevant to users as the social media landscape evolved.
Why it matters: Simply put, the U.S. can't build EVs without China. Efforts to seed a domestic supply chain, which began under the Biden administration, need more time to mature.
The Trump administration's abrupt walk back of tariff exceptions for cell phones, computers and chips has Wall Street guessing, but it made sense to those who understand the president's thinking: He doesn't like the "E" words.
"Exceptions and exemptions are weakness," said a Trump adviser who has discussed tariff policy with him. "Trump is for strength."
Why it matters:President Trump's determination not to appear weak — or wrong — on tariffs and his erratic, real-time tweaking of his policy have confused investors, deflated the dollar and shaken the stock market.
U.S. tech giants are awkwardly navigating two paths through the minefield of President Trump's global trade war.
The big picture: Companies like Apple and Nvidia are altering their short-term supply chains and diversifying their product sourcing to minimize the cost of Trump's tariffs.
Officials fromthe Trump, Biden, Obama and Bush administrations, defense and intelligence experts, lawmakers, scientists, and investors are huddling in Texas this week to plot American primacy amid a global realignment.
Why it matters: Michael Kratsios, Trump's chief science-and-technology policy adviser, in an interview said U.S. national and economic security is contingent on "technological dominance." He delivered his first public address at the Endless Frontiers summit Monday — its only on-the-record segment.
Harvard's $53.2 billion endowment grants the university less protection against potential federal funding cuts than such a stacked bank account might suggest.
Why it matters: Elite universities like Harvard have massive endowments, but legal restrictions, donor intent and other red tape severely limit the flexibility the schools have to spend.
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