U.S. and Chinese officials will meet this week for their first formal economic talks since President Trump announced sweeping tariffs on China and triggered a trade war, the Treasury Department announced Tuesday evening.
Why it matters: The trade war between the world's two largest economies threatens the global order and the talks in Switzerland will mark the first high-level meeting between U.S. and Chinese officials since China's Vice President Han Zheng attended Trump's inauguration in January.
Yahoo Sports on Tuesday announced a new deal with Boardroom, a media company co-founded by Kevin Durant and Rich Kleiman, to co-produce a new video series hosted by Kleiman and to launch a content hub.
Why it matters: The partnership is the latest in a slew of content deals Yahoo has inked since hiring former ESPN executive Ryan Spoon in 2023.
A freshly established PAC will start pressuring both Republican and Democratic lawmakers to support a congressional stock trading ban, Axios has learned.
Why it matters: President Trump renewed hope for a ban when he told Time magazine in an interview which published late last month that he would sign such a measure into law. But opponents remain on Capitol Hill.
Wednesday is the Real ID deadline but Homeland Security Secretary Kristi Noem said Tuesday those without identification that complies with the law "will be allowed to fly."
Why it matters: After repeated delays, May 7 is the enforcement deadline to have identification that meets federal security standards to board a commercial aircraft in the U.S.
Senate Democrats are unveiling a sweeping new proposal to ban presidents, lawmakers and their families from issuing, endorsing or sponsoring crypto assets, Axios has learned.
Why it matters: Concerns over the Trump family's crypto ventures is threatening the passage of the bipartisan GENIUS Act, the Senate's first-ever stablecoin regulation.
Fox News Media is projecting half a billion dollars in revenue this fiscal year for its non-cable TV businesses, executive vice president of ad sales Trey Gargano told Axios in a rare interview about the company's financials.
Why it matters: Fox has been insulated from some of the viewership challenges plaguing its competitors in the streaming era, but its efforts to diversify away from cable will make its brand even less vulnerable to cord-cutting long term.
President Trump's plan to reopen Alcatraz Island as a federal prison raises more questions than answers for a beloved San Francisco attraction.
The big picture: Alcatraz housed prisoners, including the infamous Al Capone, before the federal government closed it in 1963 due to expensive operating costs.
Artificial intelligence, robotics and autonomy are already reshaping frontline work, making operations safer, faster and more resilient.
Why it's important: Physical operations — the industries that move goods, build infrastructure and power daily life — are facing rising risks and shrinking workforces.
The digital ad industry is pitching its strengths to Madison Avenue this week in an effort to lure future ad dollars, despite economic and regulatory headwinds.
Why it matters: President Trump's economic policies present a significant threat to ad spend, causing analysts to reduce their forecasts and companies like Snap to withhold guidance.
The Guardian is hiring for more than a dozen new editorial roles to support its U.S. expansion after growing its overall revenue year-over-year by 25%, a source familiar with its plans told Axios.
Why it matters: U.K. publications are scrambling to tap into America's lucrative subscription and advertising markets, but The Guardian has found unprecedented success from reader revenue, or donations.
Everyone knows getting power for data centersis a challenge for U.S. AI development — but don't sleep on minerals, new and recent analyses warn.
Why it matters: A new Barclays report finds that obtaining critical minerals and attracting elite talent are the "new battlegrounds in the fight for AI supremacy."
A compounding mess at Newark Liberty International Airport in New Jersey led to days of flight delays and cancellations.
The big picture: Several factors collided to fuel more than a week of airport headaches, the most prominent being a shortage of air traffic controllers.
Last week, President Trump triumphantly announced, "Gasoline just broke $1.98 a Gallon, lowest in years," even as the average price at the pump was $3.18.
Why it matters: Gasoline did touch $1.98 briefly in April, but not at any gas station in the country.
After Donald Trump was reelected in November, a small business called Lay-n-Go that makes cosmetic bags and drawstring carriers saw the China tariff writing on the wall, and moved production out of the country,but that wasn't enough to keep their profit margins from shrinking.
Why it matters: Many businesses face an existential crisis over tariffs, even the ones that prepared for the onslaught from the Trump administration.
President Trump's threat to impose tariffs on film imports to the U.S. could risk retaliatory actions in international markets, where American film studios make the bulk of their box office revenue.
Why it matters: Studios are already reeling from a weakened box office following the pandemic. Tariffs could send the industry into a tailspin.
The latest plot twist in OpenAI's epic corporate drama leaves Sam Altman only partway toward his goal, announced last year, of separating the ChatGPT maker from the nonprofit that controls it.
Why it matters: Since Altman was briefly ousted as CEO by the nonprofit board in November 2023, his efforts to raise billions for OpenAI's mission of creating advanced AI "that benefits all of humanity" have been shadowed by questions about the firm's governance.
Commerce Secretary Howard Lutnick called Canada a "socialist regime" as he cast doubt on the possibility of President Trump striking a trade deal with Canadian Prime Minister Mark Carney when they meet on Tuesday.
Why it matters: Carney defiantly declared the previous relationship between the two nations was "over" after his Liberal Party was re-elected last week. It surged on a wave of nationalism in the face of Trump's threats to annex Canada and increased tariffs.
Senate Democrats have invited New York Times columnist Ezra Klein and Democratic data guru David Shor to talk to senators at their annual one-day issues retreat on Wednesday, sources tell Axios.
Why it matters:Democrats are still processing how they lost the 2024 election and are looking for new ways to appeal to a changing electorate that neither party clearly owns.
