Brace yourself if you're flying in the coming days and weeks for long lines and delays at the airport.
Why it matters: Wednesday, May 7 is the first day a Real ID compliant license — or another acceptable document — is needed to board a commercial aircraft in the U.S.
Warren Buffett said Saturday he will ask Berkshire Hathaway's board to replace him as CEO with his designated successor Greg Abel at the end of this year.
Why it matters: It's the end of an era for one of the world's richest and most storied investors, who's run Berkshire for decades.
The big picture: Low- and middle-income consumers are increasingly shying away from fast-food restaurants like McDonald's, a sign that people are pinching pennies amid recession fears.
The United States would be better off, and safer, with a prosperous free-trade world than one where others are left behind, investor Warren Buffett said Saturday.
Why it matters: Buffett, one of the world's richest people and most closely watched investors, has been a skeptic of trade deficits in the past but also a clear critic of President Trump's tariffs and other trade barriers.
Why it matters: A slew of tech giants just delivered solid earnings, providing at least some answers to burning questions about how the industry is faring in the midst of President Trump's trade war.
Democratic leaders engaged in a tense, closed-door debate Thursday on the fate of a crypto regulation bill — and the best way to force changes to legislation that could hit the floor this month, according to people familiar with the matter.
Why it matters: Crypto divides Democrats on policy and politics. Some progressives, like Sen. Elizabeth Warren (D-Mass.), are concerned about fraud and corruption. Others, like Sen. Kirsten Gillibrand (D-N.Y.), are eager to provide firm guidelines and regulatory certainty for the industry.
Temu has stopped shipping products from China to the U.S. ahead of an executive order from President Trump that went into effect on Friday.
Why it matters: The "de minimis" loophole was an important protection for businesses overseas and U.S. customers, exempting low-value packages from tariffs — until now.
Defense spending, border security and health care for veterans are the biggest winners in President Trump's budget proposal — while programs to support housing, health and climate stand to take massive cuts.
The big picture: The White House framework released Friday aligns with Trump's long-standing plans to spend more on defense and security, while slashing social programs and those seen as aligned with liberal priorities.
Today's families are managing more connected devices than ever to power work, learning, security and connection — often all at once. That's shifting how they prioritize their data plans.
The theme of this year's Met Gala, "Superfine: Tailoring Black Style," centers around Black dandyism, which put simply is about well-tailored, creative men's wear and the attitude of the wearer.
Why it matters: The Super Bowl of fashion will highlight overlooked contributions of Black culture on how we dress.
President Trump signed an executive order on Thursday night that's designed to cut funding to NPR and PBS.
Why it matters: The order that calls the two biggest public broadcasters in the U.S. "biased" and directs the Corporation for Public Broadcasting to "cease direct funding" for them comes amid a broader push to target traditional media companies that Republicans see as biased against them.
Venture capitalists are in an odd spot: Financially motivated to pump billions of dollars into AI startups that could hasten their own extinction.
But not everyone is fretting propagation of the sector.
Driving the news: Marc Andreessen said on a recent podcast that he could envision venture capital being "one of the last remaining fields that people are actually doing."
Conagra Brands has agreed to sell canned pasta brand Chef Boyardee to Hometown Foods for $600 million in cash.
Why it matters: This is part of a trend whereby food conglomerates are dumping worse-for-you brands, even if iconic, due to the rise of GLP-1s and protein-heavy diets.
Jill Puente is now chief marketing officer at Unusual Ventures, the venture capital firm that invests in early-stage AI, cybersecurity and fintech startups, Axios first learned.
Why it matters: As the venture ecosystem becomes more crowded, firms are doubling down on their marketing and communications efforts to help differentiate themselves.
What she's saying: "Unusual isn't trying to be everything to everyone or generate content for the sake of it — we're laser-focused on helping early-stage technical enterprise AI founders reach product-market fit," Puente told Axios.
"That clarity is powerful, but it also requires a precise and disciplined brand voice and marketing approach. It's a challenge I'm excited to take on."
Axios venue in Miami last night. Photo: EdinStudios for Axios
Axios dropped the flagon Formula One weekend in Miami on Thursday night with an event featuring Dan Towriss, CEO of TWG Motorsports — manager of GM's historic Cadillac F1 team, which is joining the F1's global grid next year as the 11th team.
Why it matters: Darren Cox, founder of The Race Media, told me F1's Cadillac expansion would have been "unthinkable" just a few years ago.
Amid all the talk of what's happening to mortgage rates, it's often easy to lose sight of the fact that rates vary widely between lenders on any given day.
That gap has grown significantly over the past couple years.
Why it matters: It's not easy to work out how attractive a mortgage rate is. Two offers from two different companies might have different headline rates, but might also vary on everything from origination fees and closing costs to the amount of money it costs to "buy points" and lower the interest rate paid.
The Tesla board has over 700 billion reasons why it might want Elon Musk to stay on as CEO, rather than replacing him with someone with a bit more time to spare.
Why it matters: As directors of a public company, Tesla's board members have a fiduciary responsibility to their shareholders, which means keeping the share price as high as possible.
President Trump warned American families this week that they may have to make do with fewer — and more expensive — holiday toys.
But for Trump's own inner circle, a veritable Golden Age is well underway.
Why it matters: Trump's family has enjoyed a historically lucrative first 100 days, leveraging its proximity to power — and raking in billions — through a flood of ethically murky business ventures.
Mark Zuckerberg and Meta are pitching a vision of AI chatbots as an extension of your friend network and a potential solution to the "loneliness epidemic."
Why it matters: Meta's approach to AI raises the broader question of just whose interest chatbots are serving — especially when the bot has access to the details of your life and the company's business depends on constantly boosting the time you spend with it.
Press freedom in the United States has hit a record low, according to the latest World Press Freedom Index published annually by Reporters Without Borders.
Why it matters: For years, American press freedom was generally considered "satisfactory" by Reporters Without Borders' standards. As of last year, it's now "problematic."
President Trump will lob his FY 2026 budget request at Congress on Friday, calling for deep cuts in foreign aid and renewable energy and increased spending for the the border and national security, according to administration officials.
Why it matters: In size and scope, Trump's budget amounts to another declaration of war on the status quo – and the priorities and programs that animate the Democratic Party.
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