U.S. Steel and Nippon Steel said Friday they have entered into a security agreement with the U.S. government, as President Trump signed an executive order allowing their proposed partnership to proceed.
Why it matters: It's a major hurdle cleared toward the two companies' eventual combination, though the exact structure of the deal still remains mostly unclear.
David Sacks, the venture capitalist advising President Trump on crypto and AI policy, is apparently divesting his holdings in foundational AI companies and hyperscalers like xAI and Meta, according to a White House memo posted online Friday.
The White House previously disclosed that Sacks and his firm, Craft Ventures, divested around $200 million of crypto-related assets.
Why it matters: Sacks entered the Trump administration with a slew of investments that could have created conflicts of interest, or at least perceptions of them, but has taken steps to minimize that risk.
The big picture: For big retail, it's the latest opportunity in a long-running hunt to cut billions in costs and days of delays tied to payment transactions.
Young Thug, Central Cee, Yeat & Friends, Peso Pluma, Ken Carson and 2hollis are set to headline ComplexCon 2025.
The big picture: The weekend-long culture festival returns to Las Vegas on Oct. 25, following its 2024 debut in the city with a record-breaking attendance of 60,000 people.
It's Friday the 13th, so make sure to toss salt over your shoulder, watch out for ladders, knock on various pieces of wood — oh, and maybe buy some stocks too.
Why it matters: Believe it or not, the stock market tends to do better on Friday the 13th than other days.
Don't sleep on the shale boomas a force behind Trump 2.0's "disruptive" foreign and trade policies, a new essay argues.
Why it matters: The provocative Foreign Affairs piece calls the U.S. oil and gas export surge an "overlooked" driver of America's posture on the global stage that's "mostly unrelated to [President] Trump's particular preferences."
Tucker Carlson and his business partner, Neil Patel, recently bought out investors in their media company, Tucker Carlson Network (TCN), a source familiar with the deal tells Axios.
Why it matters: The deal gives the pair complete independence and total control of the company they co-founded in 2023.
Call it zombie management: Each week, federal workers inside a few agencies still dutifully email a report, detailing the five things they did in the previous seven days.
Why it matters: The emails, born from an out-of-nowhere Elon Musk X post, show how hard it can be undo even the smallest of changes once unleashed on the largest workforce in the U.S.
The latest U.S. trade deal with China may let the economy take a brief breather, but it's far from being able to relax.
Why it matters: Months of real-time uncertainty are being replaced with longer-term uncertainty, with trade policy living on three-to-six-month cycles that make business planning a nightmare.
Meta has finalized a deal to pay around $15 billion in cash for a 49% stake in Scale AI, sources told Axios.
Why it matters: The deal will help transform Meta's AI efforts, but also raises big questions for the future of Scale, a company best known for labeling data for all the major AI players, including Google and OpenAI.
President Trump's website for his "gold card" that would enable successful applicants to buy U.S. permanent residency for $5 million went live this week.
The big picture: Details on what the program would entail remain scant, and it may require congressional approval.
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