Senate Majority Leader John Thune is blazing forward with a controversial move to repeal California's EV mandate — and Democratic Leader Chuck Schumer is warning it will come back to bite him.
Why it matters: Schumer (D-N.Y.) all but threatened to deploy similar strategies to get around opinions by key, nonpartisan rule makers if and when he grabs back control of the chamber.
Google's AI shopping tools will now let you virtually try on clothes using your own photo, the tech giant announced Tuesday at its I/O developer conference.
Why it matters: AI is reshaping how we shop. It's going beyond recommending products and helping consumers visualize and buy products.
Why it matters: The company's sales declined in the first quarter amid a backlash to his political support for President Trump and his leadership of the budget-slashing Department of Government Efficiency.
A new media company called At the Moment Media (ATM) is launching today to give executives across the media, entertainment, advertising, publishing and technology industries the ability to pay for cutting-edge video coverage of their executives, products, events and major moments.
Why it matters: The firm is specifically built as a complement to traditional journalism, not a competitor, said ATM founder and CEO Robert Wheeler, a veteran media marketer and communications executive.
🎥 How it works: ATM will produce videos of executives and industry influencers telling their stories in multiple video formats for a fee.
Security contractors are adapting to DOGE's brutal cost-cutting regime — by pitching their tech as essential to its mission.
Why it matters: As federal workforce cuts deepen, DOGE is expected to lean more heavily on third-party security vendors to help dismantle longstanding information silos — despite the national security risks that could come from its quest.
Google used this week's I/O developer conference to announce a slew of new AI features and experiences, along with a new $250-a-month subscription service for those who want to access the company's latest tools.
Why it matters: Google is aiming to prove that it can make its core products better through AI without displacing its highly lucrative advertising and search businesses.
The Athletic has posted a profit for the past three quarters, proving its parent, the New York Times, is good for its word when it comes to Wall Street projections.
Why it matters: The sports media startup was losing millions when the Times acquired it in 2022. Times executives assured investors that the site would eventually be accretive to its revenue growth rate after three years.
Small businesses fuel the U.S. economy — and a new investment aims to supercharge their role in it.
Verizon just announced a commitment to invest $5 billion over the next five years in U.S. small business suppliers with the launch of its new Small Business Supplier Accelerator.
A print supplement to the Chicago Sun-Times published a "summer reading list for 2025" Sunday citing multiple nonexistent titles by real authors — a goof that readers on social media quickly attributed to AI.
Why it matters: Today's AI models continue to make things up in ways that AI makers still haven't figured out how to detect or stop, and human users keep failing to check their output.
President Trump has opposed Nippon Steel's proposed acquisition of U.S. Steel since almost the moment it was announced. He also is fixated on signing deals that include large foreign direct investment commitments.
Why it matters: We're about to learn which force is stronger.
Pfizeron Tuesday announced a cancer drug licensing deal with Chinese biotech 3SBio that includes a $1.25 billion upfront payment and $4.8 billion in potential earnouts. Pfizer also plans to invest $100 million for an equity stake.
Why it matters: This highlights how globalization is still finding a way in pharma, despite trade tensions that threaten to fracture the market.
MAGA ally Elon Musk said on Tuesday that he plans to spend "a lot less" on political donations moving forward after funneling millions into Donald Trump's 2024 presidential campaign.
The big picture: The comment from the richest man in the world could come as a disappointment for Republicans in 2026.
Business reputation is eroding due to consumer concerns about rising costs, according to this year's Axios Harris Poll 100, which assigns reputation scores based on seven categories like trust, products and services, vision and culture.
Why it matters: Companies that have kept costs low while standing firm on their corporate values rank highest on this year's list.
CEO Ted Decker said Tuesday he anticipates that 12 months from now "no single country outside of the United States will represent more than 10% of our purchases."
Why it matters: The Atlanta-based home improvement retailer is handling the impact of tariffs differently from other businesses, especially Walmart, which last week said it would need to raise some prices.
Tesla Motors and SpaceX saw their brand reputations crater in the past year, according to new Axios Harris Poll 100 survey results.
Why it matters: Elon Musk's polarizing political activism appears to have come at the expense of his largest companies, as Republicans expressed more favorable opinions than did Democrats.
A new media company called At The Moment Media (ATM) is launching Tuesday to give executives across the media, entertainment, advertising, publishing and technology industries the ability to pay for cutting-edge video coverage of their executives, products, events and major moments.
Why it matters: The firm is specifically built as a complement to traditional journalism, not a competitor, said ATM founder and CEO Robert Wheeler, a veteran media marketer and communications executive.
U.S. electricity needs are slated to rise 25% by 2030 and 78% by 2050 compared to 2023, sinus-clearing estimates from the consulting firm ICF seen first by Axios show.
Why it matters: The projections are higher than a number of other studies. It also estimates sharply rising demand peaks where grid strains are most acute, as the chart above shows.
There's a good reason why customer ratings on sites like Amazon or Tripadvisor are presented with a visual star rating: Those ratings are perceived as being higher than those presented numerically.
Why it matters: Consumers evaluate ratings differently depending on the format in which the ratings are presented, per a new paper published in the Journal of Marketing Research.
Usually, there's at least one big group that stands to benefit from White House economic policy: businesses, workers or consumers.
Why it matters: In this moment, it's not exactly clear who wins from the current administration's triple play of raising tariffs, cutting workplace regulations, and cracking down on immigration.
The Medicaid battlebeing waged by House Republicans is just the latest iteration of a long-running fight to repeal the Affordable Care Act, aka Obamacare.
Why it matters: Millions of Americans stand to lose health coverage if the Medicaid cuts in the latest version of the reconciliation bill become law.
This survey is the result of a partnership between Axios and Harris Poll to gauge the reputation of the most visible brands in America, based on 20 years of Harris Poll research.
Zoom out: Axios and Harris Poll have been partnering on the poll since 2019.
AI makers are flooding the market with a new wave of coding agents promising to relieve human programmers of busy work.
The big picture: Automating the routine aspects of technical labor will almost certainly transform and downsize the tech industry workforce — but there's no guarantee it will alleviate software development's biggest headaches.
With bipartisan support, the Senate took an important step forward on legislation that seeks to regulate stablecoin cryptocurrencies.
Why it matters: The procedural vote is a win for GENIUS Act backers after partisan fights and ethics concerns about the Trump family's crypto ventures derailed a vote earlier this month.
I've spoken with scores of CEOs and hundreds of students in recent weeks. They agree on one big thing: There's growing confusion about what constitutes strong, smart leadership in the transition to an AI world.
Why it matters: We run two companies (Axios + Axios HQ), oversee 500+ employees and spend an inordinate amount of time talking with the architects of the leading AI companies. So I wanted to share how we're approaching leadership in this volatile, hinge moment.
Former FBI director James Comey accused President Trump and his administration on Monday of using theirpowers "to aim at individuals, eroding the rule of law," as he addressed his "8647" Instagram post that incensed Trump world.
The bit picture: In his first interview since an investigation was launched into the since-deleted Instagram post that Trump said "meant assassination," Comey told MSNBC he thought the formation of shells on a beach into the number "8647" was a "clever way to express a political viewpoint" and didn't know of a violent meaning behind the number "86."
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