Disney's Pixar saw its worst-ever box office debut over the weekend with its sci-fi adventure film "Elio" earning just $21 million domestically after reportedly spending at least $250 million on production and marketing.
Why it matters: The animated movie is a costly outlier to other family-friendly films that have packed cinemas and helped theaters toward a post-pandemic rebound.
The modest oil-market response in the wake of U.S. attacks against Iranian nuclear sites over the weekend is striking to at least one analyst.
Why it matters: "It's remarkable to have such a limited risk premium in the face of this uncertainty and potential for escalation," oil scholar Ben Cahill of the University of Texas-Austin told Axios via email.
The Federal Trade Commission on Monday said it will approve Omnicom Group's $13.5 billion acquisition of rival The Interpublic Group, but only if the agencies agree they won't bar ads based on politics.
Why it matters: A consent order that addresses the possibility of political collusion is rare, and speaks to the hyper-political climate facing the business community.
Ford Motor is pushing ahead with a politically controversial battery factory in Michigan, even as Congress moves closer to eliminating the lucrative Biden-era tax subsidies that made the project financially feasible.
Why it matters: Ford's argument is that by building batteries using technology licensed from China's leading battery producer, CATL, it is helping to re-shore important manufacturing expertise that was long ago ceded to China.
FICO credit scores will begin incorporating buy-now-pay-later data for the first time.
Why it matters: With over 90 million Americans expected to use BNPL for purchases this year, critics argue that existing credit scores paint an incomplete picture of an individual's ability to pay back loans.
Tesla rolled out a limited version of its long-awaited robotaxi service in Austin, Texas, on Sunday, culminating what CEO Elon Musk described as "a decade of hard work."
Why it matters: Autonomous vehicles represent a critical growth area for Tesla, whose electric vehicle sales have declined, in part due to blowback from Musk's political activity.
Crude oil prices jumped — but didn't head for the stratosphere — as trading markets opened for the first time since the U.S. attack on Iranian nuclear facilities.
Why it matters: It shows elevated risk of the conflict crimping oil flows in the region, something that has not yet occurred.
