Los Angeles journalists sued the city and head of the police department Monday alleging officers deliberately targeted reporters at recent protests following federal immigration raids.
The big picture: The complaint, filed in federal court, accuses law enforcement officers of responding to the demonstrations with excessive force against both the press and the public.
Anne Wojcicki is poised to regain controlof genetics testing company 23andMe, which she cofounded and led until earlier this year, after agreeing to put much of her personal fortune on the line.
Why it matters: This is the same person that 23andMe customers originally trusted with their personal data, albeit under a much more opaque governance structure.
Consumers have splintered off into information bubbles based on ideology, interest, wealth, career, age and location — making it nearly impossible for big brands to reach everyone.
Instead, brands focus on meeting audiences where they are by tapping into passion points and infiltrating existing fandoms.
Why it matters: The few companies that have managed to master and monetize the risky strategy of tying a brand or product to a fan base or community are winning the war for attention.
Abu Dhabi's state-owned oil company and sovereign wealth fund have teamed with U.S. private equity firm Carlyle to make an $18.7 billion takeover bid for listed Australian energy company Santos.
Why it matters: It would be one of the largest takeovers ever in Australia, and reflects how Middle Eastern oil giants are seeking to grow their liquefied natural gas portfolios.
The Trump Organization announced Trump Mobile as its next ventureon Monday, on the 10th anniversary of President Trump announcing his first bid for the White House.
Why it matters: The announcement marks yet another expansion for the organization — run by the president's sons, Eric Trump and Donald Trump Jr. — which made millions in real estate and luxury golf courses, but has pivoted to other avenues, including crypto and digital media.
X CEO Linda Yaccarino dismissed a recent Wall Street Journal report that alleged the social media company had threatened to sue advertisers that didn't buy ads on the platform.
When asked whether the report was true at an Axios event on Monday in Cannes, Yaccarino responded, "Does anyone still read that publication?"
Why it matters: X has been trying to revitalize its advertising business, which took a hit after Elon Musk bought the company in 2022.
A who's who of top execs from oil majors, tech and power giants, and financial heavyweights will gather in private today in D.C. to discuss meeting AI's energy needs.
Why it matters: It shows how the topic is central to C-suites as hyperscalers seek energy — whether it's gas, nuclear or renewables — to supply data centers.
A startup called Near Space Labs is turning stratospheric balloons into flying robots that use AI to speed up insurance claims after disasters.
Why it matters: Hurricane season in the U.S. is here and many are bracing for the complicated aftermath of collecting insurance for property loss as well as the physical impact of potential disasters.
Reddit has launched two new ad tools that help brands understand and showcase conversations happening on the platform, the company exclusively tells Axios.
Why it matters: As AI-generated content floods the internet, Reddit is leaning into its 20-year history as a place for human conversation with real-time commentary and community.
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