The Corporation for Public Broadcasting on Monday sued President Trump and several administration officials for attempting to fire three members of CPB's board.
Why it matters: The lawsuit adds to rising tensions between CPB and Republicans, who seek to cut funding for America's two biggest public broadcasters, PBS and NPR.
News that Attorney General Pam Bondi is resuming the practice of trying to seize reporters' phone records to smoke out leakers is the latest and most significant effort by the Trump administration to target the press as part of its early agenda.
Why it matters: President Trump has done more to target traditional media companies than any other modern U.S. president. Even as he and his allies wage a historic trade war, they have not lost sight of their stated goal of going after the press.
China-based e-commerce vendors Shein and Temu have passed tariff costs along to their customers ahead of President Trump's tariff policies going into effect on Friday.
Why it matters: These increases could make the low-cost items unaffordable to American consumers.
Stagwell, a publicly-traded ad holding group, will host a new "NewsFronts" event this fall that will highlight advertising opportunities around news content for skeptical marketers on Madison Avenue, chairman and CEO Mark Penn told Axios.
Why it matters: Amid growing polarization, news companies have struggled to convince advertisers that their content is brand safe. That, in conjunction with economic uncertainty, has executives panicking about the year ahead.
Zoom in: The new event, slated for Oct. 16 in New York City, is meant to serve as a complement to the advertising industry's newfronts and upfronts media presentations that occur each spring.
Walmart on Tuesday rejected the idea that it would apply an itemized surcharge to purchases to account for President Trump's increased tariffs.
Why it matters: A report Tuesday that Walmart rival Amazon was poised to add a tariff fee to sales in the U.S. triggered outrage in the White House, which condemned it as a "hostile and political act."
UPS will cut 20,000 jobs, or 4% of its workforce, and close more than 70 buildings to offset a planned drop in Amazon packages and murky macroeconomic conditions.
Driving the news: UPS CEO Carol Tomé announced the cuts during a Tuesday investor call that covered the Sandy Springs, Georgia-based global shipping company's thinking on tariffs, automation and more, the Atlanta Journal-Constitution reported.
Stagwell, a publicly-traded ad holding group, will host a new "NewsFronts" event this fall that will highlight advertising opportunities around news content for skeptical marketers on Madison Avenue, chairman and CEO Mark Penn told Axios.
Why it matters: Amid growing polarization, news companies have struggled to convince advertisers that their content is brand safe. That, in conjunction with economic uncertainty, has news executives panicked about the year ahead.
Amazon's discount store — Amazon Haul — launched in November as the e-commerce giant's answer to bringing shoppers cheap goods from China and competing against Temu and Shein.
Why it matters: President Trump's aggressive tariffs and trade war with China have hit the low-cost Chinese retailers — and created confusion and angst for consumers.
Why it matters: The charges illustrate that President Trump is willing to use the power of federal law enforcement to defend his allies, notably Tesla CEO Elon Musk.
On International Workers' Day Thursday, tens of thousands of protesters across the U.S. will rally against what organizers call President Trump's "war on working people."
Why it matters: Protests against the Trump administration have built momentum as he faces sinking approval ratings and Americans increasingly witness the ramifications of his policies.
You might not even realize it, but before long you're going to be using stablecoins — because the old global payment systems will soon evolve, perhaps even being replaced, driven by stablecoins.
Why it matters: More and more industries, from traditional finance to fintechs, are betting that crypto pegged to real-world money will be a trillion-dollar market soon — the only question is how many trillions and how fast it gets there.
Stablecoins are the biggest success in the world of cryptocurrency, with one exception: the original cryptocurrency, bitcoin, is bigger than all the rest of the crypto market, including stablecoins, combined.
Why it matters: There are companies that believe the Bitcoin blockchain should also secure stablecoins — the tokens pegged to real-world money — which are being called the industry's killer app.
The Trump administration said on Tuesday that it will ease tariff pressure on automakers with reimbursements for taxes on foreign auto parts.
Why it matters: Senior administration officials say the relief came after conversations with domestic auto manufacturers, many of which have warned about the economic damage from the previously imposed 25% tariff rate.
Spotify's investments in ad tech and new user products will drive meaningful growth this year, despite broader economic volatility, CEO Daniel Ek told Axios in an interview Tuesday.
Why it matters: Analysts believe firms like Spotify and Netflix are better positioned to weather any major economic downturn because they are more reliant on subscriptions than advertising.
President Trump is expected to deliver relief on some tariffs for the auto industry when he visits Michigan later Tuesday to celebrate 100 days in office, but automakers aren't in a partying mood.
Why it matters: Across the industry, carmakers remain in limbo, pulling back on capital investments and postponing product decisions while they wait to learn the latest twist in the president's trade policy.
It's been one month since fashion tech company CaaStle told investors that they're likely victims of one of the largest financial frauds in U.S. history, with over $530 million up in smoke.
Now the lawsuits are beginning to fly, and the company is doubling down on its caginess.
Treasury Secretary Scott Bessent told reporters on Tuesday that President Trump's trade policy would not result in shortages of consumer goods, as some economists and CEOs have warned.
Why it matters: Triple-digit tariffs on Chinese imports make it hugely expensive for U.S. companies to bring over goods, with many scrambling to reconfigure supply chains to source the products from elsewhere.
Walmart is expanding support for American-made products through new programs to help small businesses, the retailer shared exclusively with Axios Tuesday.
Lyft CEO David Risherbrought a colorful colloquialism to his second annual letter to shareholders: enshittification.
"It describes the ongoing degradation of a once-great product or experience, often in the blind pursuit of profit," Risher wrote in his April 24 letter.
"Have you noticed that every website seems overrun with tacky ads? That you're getting less time to speak with your doctor? That your favorite pair of pants doesn't last as long as it used to? We all have."
The Trump administration just gutted a decades-old bedrock of anti-discrimination law in a little-noticed executive order last week, but the fallout could take years to untangle.
Why it matters: The order, called "restoring equality of opportunity and meritocracy," is the latest in a series of blows to longstanding civil rights protections from the White House.
American Airlines announced Monday it's ended partnership talks with JetBlue and is now suing the company.
The big picture: Americanvice chair and chief strategy officer Steve Johnson said in a statement the Fort Worth, Texas-based airline made a "very attractive proposition" during the talks, but it transpired that JetBlue "was focused on different business priorities."
JCPenney is taking aim at fashion's size gap by partnering with model and entrepreneur Ashley Graham to launch a new plus-size clothing line.
Why it matters: The collaboration focuses on full-figured women and builds on the Texas-based retailer's "fashion for all" philosophy, JCPenney CEO Michelle Wlazlo told Axios.
President Trump will host on Wednesday top executives from companies including Nvidia, Johnson & Johnson, Eli Lilly, GE Aerospace and SoftBank, as promotes investment in the U.S., per the White House.
Why it matters: The White House regards investment policy as "critical" to U.S. national and economic security, but Axios' Courtenay Brown and Neil Irwin report Trump's tariffs threats have left the country's status as the top global investment magnet in doubt as businesses hit pause.
