The U.S. still intends to put a baseline tariff of 10% on many smaller countries, despite recent suggestions it could go higher, Commerce Secretary Howard Lutnick said Sunday.
Why it matters: It's a small sign of relief for the market, which has watched nervously as President Trump repeatedly suggested in recent days that baseline rates could go to 15% or even 20%.
Astronomer CEO Andy Byron has resigned from the company after a video of him canoodling with chief people officer Kristin Cabot at a Coldplay concert went viral.
Driving the news: Astronomer co-founder and chief product officer Pete DeJoy is currently serving as interim CEO, the company announced late Friday.
Secretary of State Marco Rubio announced late Friday the U.S. is revoking the visa of a Brazilian Supreme Court judge who oversaw the prosecution of former President Jair Bolsonaro and briefly banned Elon Musk's X in the country.
Why it matters: President Trump has repeatedly come to the aid of right wing allies across the globe, including Bolsonaro, calling them victims of ideological witch hunts. Trump threatened to hit Brazil with 50 percent tariffs in part for prosecuting Bolsonaro for an alleged coup attempt.
Beef prices are at record highs, and industry experts tell Axios they could stay that way into 2026 and beyond.
Why it matters: Meat's high price tag is squeezing grocery budgets at the height of grilling season, and as President Trump's tariffs creep into the inflation data.
President Trump has signed into law the GENIUS Act, which will mean that many mainstream banks and fintechs will try to make stablecoins a part of everyday life in America soon.
Why it matters: With clear legal guidelines for the killer app of blockchains, dollar-backed tokens, lots of companies are going to soon jump into the business.
Astronomer CEO Andy Byron and chief people officer Kristin Cabot have been put on leave pending an investigation, per a source familiar with the situation, as their employer has finally broken its own silence.
Astronomer co-founder and chief product officer Pete DeJoy is currently serving as interim CEO, the company announced late Friday.
Why it matters: The pair went viral for canoodling at a Coldplay concert this week, thrusting the software startup into the spotlight and causing great damage to its corporate reputation.
President Trump sued the Wall Street Journal on Friday over a story describinga "bawdy" birthday letter bearing his name that the outlet says was given to Jeffrey Epstein, new court filing shows.
The big picture: Trump had threatened to sue a day earlier, saying he personally warned the WSJ and owner Rupert Murdoch "that the supposed letter" was "a FAKE."
