President Trump claimed on Tuesday that the U.S. would be "virtually defenseless" against other nations if the Supreme Court strikes down a slew of tariffs.
Why it matters: Trump's comments come just one day before the highest court will hear oral arguments challenging the legality of a key part of his economic agenda.
Vox Media's board has discussed possibly spinning out its podcast network and separating it from the publishing business, three sources familiar with those conversations told Axios.
Why it matters: Separating the businesses could reap greater shareholder value than trying to invest in the entire company as a whole.
CBS News' sit-down interview with President Trump Sunday night drew a whopping 13.2 million viewers, according to preliminary Nielsen data shared with Axios by a CBS source familiar with the figures.
Why it matters: It marks the highest-rated "60 Minutes" episode since Jan. 10, 2021.
Alltogether, a new collective founded by longtime news ad sales executive AJ Frucci, is helping independent creators tap into the corporate ad market, Frucci tells Axios.
Why it matters: Independent journalists have built loyal followings but often lose access to lucrative brand advertising once they leave legacy newsrooms.
Morgan Stanley last week agreed to buy EquityZen, a 13-year-old private shares marketplace, at a time when the "democratization of private assets" is being hyped by the White House, Wall Street, and Silicon Valley.
Axios spent some time on the Zoom with EquityZen co-founder and CEO Atish Davda. What follows is a transcript of the conversation, edited for length and clarity:
The Trump administration is closing in on a deal to allow Medicare coverage of weight loss drugs by Eli Lilly and Novo Nordisk in some cases, according to multiplereports.
Why it matters: A deal could significantly expand seniors' access to popular weight loss drugs while drastically decreasing the estimated cost of that coverage.
Pfizer and Novo Nordisk on Tuesday both sweetened their bids for weight-loss drugmaker Metsera, to a maximum of $8.1 billion and $10 billion, respectively.
Why it matters: This reflects how biotech is seeking to corner the next generation of anti-obesity medicines, following the blockbuster success of Novo's Wegovy and Ozempic.
President Trump said food benefits will only get paid once the shutdown ends, in a post on Truth Social Tuesday morning.
Why it matters: The post appears to defy two federal courts that ruled last week the White House must pay at least partial Supplemental Nutrition Assistance Program benefits even in a shutdown.
Gannett, the largest newspaper publisher in the U.S., is rebranding to USA Today Co. effective Nov. 18, the company said Tuesday.
Why it matters: The rebrand is meant to lean into the community focus of USA Today and help reinforce the company's reputation as nonpartisan. USA Today's network is comprised of more than 200 local news publications.
House Minority Leader Hakeem Jeffries (D-N.Y.) on Tuesday signaled he is willing to walk back his pre-shutdown demand for an "ironclad" deal on Affordable Care Act subsidies in exchange for funding the government.
Why it matters: It is the latest sign of a breakthrough as bipartisan Senate negotiations around ending the shutdown show signs of momentum.
Bitcoin has fallen hard over the last day, sinking to the lowest price since June and threatening to drop below the psychologically important level of $100,000.
Why it matters: Ever since the market peak in early October, the key question for crypto traders has been whether or not the top is in.
Wall Street likes to obsess over how much cash Big Tech has on hand, but Berkshire Hathaway dwarfs them all. The company has more cash on its balance sheet than the top three technology firms combined.
Why it matters: Incoming CEO Greg Abel will have serious Monopoly money to deploy when he takes the reins from Warren Buffett in 2026.
Stocks are under pressure as the CEOs of Goldman Sachs and Morgan Stanley warn of a potential drop in the market.
Why it matters: Equities have rallied in the face of a shutdown, tariffs, macro uncertainty and geopolitical headwinds. The only thing they can't withstand appears to be a warning from Wall Street.
The contours of a three-legged plan to end the government shutdown came into sharper focus on Monday, senators and aides told Axios.
Why it matters: Two of the plan's three pillars — a vote on Affordable Care Act tax credits and a new short-term funding bill — include significant question marks. But the optimism was unmistakable.
Bill Gates on Monday night defended criticism from all sides about his controversial memo calling for a shift to prioritizing human welfare in climate debates.
Why it matters: Gates' response to the widespread and polarizing reactions to his own shifting positions shows the high stakes of this debate and his influence as a major funder of both climate and public health initiatives.
At least 25 million people tuned into the final game of the World Series on Fox Saturday night, boosting the overall ratings across the seven-game series to more than 14 million viewers.
Why it matters: It was the highest-rated World Series finale since 2017 — an important milestone for the MLB as it continues to finalize its lucrative new set of media rights deals through 2028.
Netflix released Monday the trailer for "Sesame Street's" first season on the platform after being dropped last year by Warner Bros. Discovery.
The big picture: Favorite muppets including Elmo and Cookie Monster will return to "Sesame Street," joined by guests singer Miley Cyrus and NASCAR champion Bubba Wallace, after Netflix gave it a new streaming home, per a statement from the show's nonprofit parent Sesame Workshop.
A tense moment from President Trump's "60 Minutes" interview involving questioning on crypto corruption accusations that was cut from the show has been revealed in the full transcript that CBS published online.
Why it matters: The segment that was edited out of both the 28-minute show that aired Sunday and the extended version prompted Democrats to suggest that the FCC should investigate the cut for possible "news distortion" — a nod to Trump's since-settled lawsuit over the show's editing of an interview with then-Vice President Harris.
