Six Fort Stewart soldiers who tackled and subdued a gunman during a mass shooting at the Georgia military base this week were awarded medals by Army Secretary Dan Driscoll on Thursday.
What they're saying: "They were unarmed and ran at and tackled an armed person who they knew was actively shooting their buddies, their colleagues, their fellow soldiers," Driscollsaid at a briefing praising their heroism over Wednesday's incident that injured five people.
EA's first day of "Madden 26" was anything but a touchdown.
The big picture: The annual football video game's launch day was slammed by a number of errors that left gamers twiddling their thumbs instead of flicking the sticks.
President Trump on Thursday said he would nominate Council of Economic Advisers head Stephen Miranto fill a vacant seat on the Federal Reserve Board of Governors.
Why it matters: The pick comes as the White House continues its pressure campaign to get lower interest rates.
Vice Media has raised $75 million in the form of a credit facility with Western Alliance Bank to support the growth of Vice Studios, its scripted and unscripted production arm, Vice Media executive chair Michael Lang told Axios.
Why it matters: Lang hopes the investment will supercharge Vice Studio's production output, while giving the company more distribution control over its content projects.
OpenAI's long-awaited GPT-5 — a major update to the technology underlying ChatGPT — is a faster, more-capable large language model that CEO Sam Altman said gives users instant access to a PhD-level expert on any subject.
Why it matters: The Thursday release of GPT-5 brings together traditional and "reasoning" models and ups the ante in the race toward so-called artificial general intelligence (AGI).
American Eagle's ad featuring actress Sydney Sweeney has ignited a new brand-driven culture war about beauty standards, race and representation.
Why it matters: Consumers are quick to slap a red or blue label on a brand or company, and the jeans maker is the latest to find itself in the political crosshairs.
AI soon may revolutionize venture capital, but not in the way that many investors think.
That was the top takeaway from an Axios conversation yesterday with Jon McNeill, the former Tesla president and Lyft COO who now runs a company creation platform called DVx.
The big picture: McNeill says that the investment math is changing for application startups, arguing that DVx now can get them to Series A with 80% less seed funding than it previously could.
Firefly Aerospace, a Texas-based commercial space company known for its lunar landers, raised $868 million in an upsized IPO.
Why it matters: The IPO window is open wide enough to fly a spaceship through it, with almost every significant offering pricing stronger than expected.
The current U.S. tariff policy will cost midsize businesses $82.3 billion, according to a new report from the JPMorganChase Institute.
Why it's important: Midsize businesses, often defined as those with annual revenues between $10 million and $1 billion, generate about one-third of U.S. private sector revenue and employment.
They're an important — yet often overlooked — segment of the economy.
The challenge: Nearly half (48%) of midsize companies import goods. Unlike larger companies, these firms may lack the scale or market power to absorb additional cost burdens or negotiate with suppliers for better prices.
Shamrock Capital — the Los Angeles-based investment firm specializing in media, entertainment, communications, sports and marketing — has acquired Penta Group, a stakeholder management firm based in Washington, D.C.
Falfurrias Capital Partners, which took a majority stake in 2021, has exited, and financial terms were not disclosed.
Why it matters: It's the latest private equity deal within the communications advisory space.
A key measure of CEO confidence bounced back this summer, but business leaders are still slightly negative about the economy and business conditions, according to data released Thursday morning and shared first on Axios.
Why it matters: It's another sign that the business community is coming to terms with tariffs, heartened by the administration's announcement of trade deals. The jitters triggered by President Trump's initial "Liberation Day" announcement appear to have eased.
President Trump celebrated his sweeping new tariffs finally taking effect on dozens of trading partners early Thursday.
Why it matters: Trump's tariff policy has begun to impact some businesses, which warn they'll have to pass costs onto consumers. But the president wrote on Truth Social as the levies took effect that "BILLIONS OF DOLLARS" were now "FLOWING" into the U.S.
United Airlines travelers faced delays after the Federal Aviation Administration issued ground stops for United flights at major U.S. airports after the airline reported "a technology issue" on Wednesday evening.
The latest: United flights across the U.S. resumed after the company announced in a statement shared with outlets including Axios that the "underlying technology issue" had been "resolved," but hundreds of travelers still faced delays on Wednesday night.
Americans are increasingly turning to pottery as they seek to build community and connection away from their screens.
The big picture: Throwing pottery on a wheel is a calming and therapeutic activity that's also challenging. It takes some logic and creativity, but is accessible to people who don't think of themselves as artsy.
Texas Attorney General Ken Paxton (R) is investigating a political group led by former presidential candidate and Rep. Beto O'Rourke to see whether its funding of Democrats who fled the state Sunday over a redistricting vote is illegal, his office announced Wednesday.
Why it matters: Paxton's investigation into whether the O'Rourke-led Powered by People might have violated bribery laws marks the latest escalation in Republicans' response to the quorum-busting Texas Democrats.
O'Rourke indicated in social media posts that he's undeterred by the probe.
