Elon Musk's The Boring Company officially unveiled its plans Monday for the Music City Loop, an underground tunnel connecting downtown Nashville to the city's airport.
Why it matters: Tennessee Gov. Bill Lee touted the project as an innovative approach to addressing Nashville's traffic congestion at no cost to taxpayers.
The big picture: The project has an ambitious timeline of completing the 10-mile route in less than two years.
The tunnel would move vehicles at warp speed as well. A trip from downtown to the airport would be about eight minutes, according to Boring Company CEO Steve Davis.
Samsung's $16.5 billion deal to manufacture chips for Tesla is the latest headline jolting semiconductor stocks in recent days.
📈 Samsung shares rose nearly 7% in South Korea, showing just how important a major customer is in the contract chip manufacturing business.
📉 Failing to secure such a customer helped send Intel's stock plummeting over 8% Friday.
🇪🇺 And the EU trade deal announced yesterday carries big implications across the sector too, with Dutch chip-equipment manufacturer ASML rising on news that such products will move both ways tariff-free.
The Tesla contract is a much-needed win for Samsung's foundry business, which makes chips that other clients design. Foundry is a market dominated by Taiwan-based TSMC, which held over 67% of the global share in Q1.
Sen. Maggie Hassan (D-N.H.) on Monday demanded answers from Elon Musk about allegations that scam networks in Southeast Asia are using Starlink to facilitate fraud.
The big picture: The senator in her letter cited media, UN and Treasury Department reports saying the satellite-communications network is being misused by transnational criminal groups to scam Americans.
Cementing Central Texas as a global leader in chips and car technology, Tesla has signed a deal to obtain semiconductor chips from the Samsung factory in Taylor.
Why it matters: The deal gives the Austin-based car company a steady supply of critical technology — and furnishes Samsung with the big dependable customer it had been seeking.
It's not just college kids standing in line for a few extra bucks these days — there's a sudden surge in CEOs taking on entire companies for the short term, per a new survey out Monday.
Why it matters: Dipping in and out of the C-suite is quickly becoming the next workplace revolution after five years of constant changes on where we work, how we do our jobs and whether humans are even needed anymore.
Ghislaine Maxwell pressed ahead with an appeal to the Supreme Court on Monday, seeking to overturn her conviction on the grounds that she was unlawfully prosecuted for sex trafficking minors with Jeffrey Epstein.
Why it matters: The filing by Maxwell, who was sentenced to 20 years in federal prison in 2022, comes just three days after she met with a top Justice Department official tapped to re-examine the Epstein case.
CK Hutchinson of Hong Kong on Monday said that it plans to add a "major strategic" Chinese investor to its $22.8 billion ports deal with BlackRock, adding that an exclusive negotiating period between the two firms has expired.
Why it matters: This complicates March's landmark agreement that would transfer control of 43 ports in 23 countries, including two in Panama that President Trump has threatened to retake by force.
Lee Brown, the advertising sales veteran who has led Spotify's ad business for the past six years, is leaving the music company to join DoorDash as its chief revenue officer in late August, Axios has learned.
Why it matters: The hire speaks to DoorDash's ambition to strengthen its ad business as part of its investment in local economies.
President Trump announced a 15% tariff on the European Union on Sunday. Stocks edged higher on the news, as investors see the deal easing the risk of even steeper tariffs.
Why it matters: While investors cheer the short-term clarity, they could be underestimating the long-term drag of higher tariffs on corporate earnings.
Billionaire investor Mark Cuban says today's market mania is a far cry from the dotcom bubble he navigated, and given retail trader behavior, it could be even riskier.
Why it matters: As strategists continue to raise concerns about a new market bubble, Cuban points out a different concern: that individual traders can "move stocks more than analysts can," he wrote in an email to Axios.
Tariffs are making money for the U.S. government, but it remains hard to tell who is footing the bill.
Why it matters: Knowing who is paying the tariffs will help investors gauge which companies will see profits squeezed — or protected — as trade tensions continue.
Pushback on the Walmart website warning Virginia users to avoid searching for or buying reproductive or sexual health products if they don't consent to their information being collected has led the retailer to change the pop-up's wording.
Why it matters: The message raised questionsfrom some shoppers and a state senator about how major retailers are interpreting and complying with the new reproductive health privacy protections in Virginia.
Middle-income Americans have accelerated their car-buying timelines amid worries about rising prices, according to new research shared first with Axios.
Why it matters: On-again, off-again tariffs, along with other policy shifts in Washington, are confounding not just auto companies, but car buyers, too.
In the Trump-dominated global economy, the U.S. gets plenty but gives nothing in return.
Why it matters: This is the reality of the asymmetric trade deals touted by the White House, which show how far foreign leaders will go to safeguard access to the U.S. market.
The dream of instant commerce is getting closer to reality — not necessarily because technology is improving, one company says, but simply by being nearer to more people for faster delivery.
Why it matters: We're used to instant gratification in our entertainment and human interaction — but still have to wait for our stuff, unless we're willing to deal with the burden of getting up off the couch and getting it ourselves.
President Trump's five-day trip to Scotland was met with protests in several Scottish cities over the weekend, as security was bolstered for his visit to the nation.
The big picture: While hundreds protested the president, some supporters greeted him with cries of "we love you!" as he played golf at his Trump Turnberry resort in Balmedie, Aberdeenshire, on Sunday.
