Nestlé fired CEO Laurent Freixe "with immediate effect" on Monday due to an "undisclosed romantic relationship with a direct subordinate" the Swiss food giant announced.
Why it matters: Freixe was replaced by Nestlé Nespresso chief Philipp Navratil after just a year in the job.
Mexican President Claudia Sheinbaum issued a stern warning on Monday to the Trump administration that Mexico is willing to enter security agreements with the U.S. around immigration and fighting cartels, but "without subordination."
Why it matters: Sheinbaum is facing pressure from President Trump amid his increasingly changing and erratic demands to battle drug cartels while holding the threat of tariffs over Mexico.
Treasury Secretary Scott Bessent said Monday that President Trump may grant some exclusions on tariffs for home construction supplies, potentially offering relief to homebuilders.
Why it matters: The housing market has stalled as the cost of purchasing has risen and supply has dwindled. High interest rates, as well as price increases for construction materials for building, renovating, or repairing, have also contributed to a stagnant market.
The Treasury Department has given Axios a first look at the list of 68 jobs that qualify for a new tax deduction under the "no tax on tips" pledge in President Trump's "big, beautiful bill."
Why it matters: Until now, the administration hadn't specified the exact occupations that are eligible for the tax cut in the megabill. There's good news on the list for everyone from golf caddies to party DJs to home electricians.
The Powerball jackpot grew to an estimated $1 billion ahead of Saturday's drawing — the sixth jackpot in the game's history to reach the billion-dollar mark.
Why it matters: This is the highest lottery jackpot of the year, and the highest Powerball prize since April 2024, when a ticket from Oregon won $1.3 billion.
