Black Friday sales have been rolling out for days — but millions of shoppers will still head to stores early Friday for doorbusters, giveaways and one-day-only deals.
Why it matters: Nov. 28 is expected to be the busiest shopping day of the entire year, in stores and online, according to early holiday forecasts from the National Retail Federation and Sensormatic Solutions.
Omnicom announced on Wednesday its long-awaited $13 billion acquisition of rival Interpublic Group (IPG) has finally closed, following regulatory approval in Europe.
Why it matters: The deal creates the largest ad holding group globally and is likely to usher in more consolidation in an era defined by scale, data and AI.
E.W. Scripps, the family controlled local broadcast conglomerate, on Wednesday adopted a shareholder rights plan, known as a "poison pill" tactic, to deflect a $538 million hostile takeover bid from the larger family controlled broadcaster Sinclair Broadcast Group.
Why it matters: The defensive tactic is meant to make it harder for Sinclair to gain a controlling interest in the company without board approval. It also buys Scripps' board more time as it considers other strategic alternatives.
People Inc., the parent company of brands like Food & Wine, Real Simple, Allrecipes, Martha Stewart and more, has racked up 2 million users across its new MyRecipes website, executives told Axios.
Why it matters: In a world where online recipes are increasingly either moved behind a paywall or replicated without expertise using artificial intelligence, MyRecipes aims to deliver quality, human content for free.
Campbell's has fired an employee allegedly caught on tape slamming the company's products, it said on Wednesday.
The big picture: Campbell's had previously put information technology VP Martin Bally on leave after the emergence of the year-old audio, and after allegations he'd made racist comments about Indian employees.
Rep. Eric Swalwell (D-Calif.) alleged in a lawsuit filed Tuesday that the Trump administration's top housing regulator, Bill Pulte, "abused his position" when he moved to refer him to the Justice Department over mortgage fraud allegations.
The big picture: Swalwell's lawsuit notes there's been "a series of high-profile criminal investigations and prosecutions nakedly targeting" some of President Trump's "most outspoken critics" since he retook office.
The list of failed electric vehicle startups is lengthy, and the founders of Harbinger Motors have the scars to prove it, which helps explain the company's laser focus on one particular slice of the commercial truck market.
Why it matters: Business fleet owners are getting crushed by higher costs on everything from tariffs to fuel and labor. Reducing operating costs is essential in order to protect margins.
Senate Democrats and Republicans are squaring off about vehicle safety requirements that are intended to save lives, but which also push up the price of new cars.
The big picture: It's an awkward debate for lawmakers to confront when 40,000 people die each year in motor vehicle crashes — and yet the country faces an affordability crisis with broad economic consequences.
The House Homeland Security Committee has asked Anthropic CEO Dario Amodei to testify at a Dec. 17 hearing on how Chinese state actors used Claude Code in a wide-reaching cyber-espionage campaign, according to letters first shared with Axios.
Why it matters: It would mark the first time an Anthropic executive appears before Congress about the espionage campaign disclosed earlier this month — the first documented case of an AI-orchestrated cyberattack.
The majority of the nation's largest retailers will keep their doors closed this Thanksgiving.
Why it matters: Last-minute turkey shopping will be tough. Walmart, Target, Aldi, Trader Joe's and many regional grocers will be closed on Thursday, limiting options for holiday fixings.
Expect more gift cards and personalized crafts under the tree this year.
Why it matters: Gift-givers are looking to stretch their dollars without skimping on holiday joy, says Claire Tassin, a retail and e-commerce analyst at Morning Consult.
Companies, lawyers and policy types are starting to call "Trump accounts" a new name: 530A accounts.
Why it matters: It's a way to avoid politicizing the accounts — investment vehicles for kids that proponents hope will be widely used by families, companies and philanthropies on both sides of the aisle.
To understand whether AI is in a bubble, and what could happen next, you have to think of it like railroads. Or maybe fiber-optic cable. Or perhaps oil drilling?
Why it matters: Everyone in the business world is anxiously trying to figure out which historical boom-and-bust comparison is the right one so they can be ready for what they fear comes next.
You probably won't ponder your carbon footprint when you sit down to devour that Thanksgiving turkey — but some food and climate activists say you should.
Why it matters: With climate change fading in importance on some U.S. lawmakers' priority lists, activists say even small steps from the public are needed.
The Trump administration is increasing its icebreaking fleet in the Arctic, per a new report that warns other nations are expanding their "capabilities" in the resource-rich region — singling out China as a particular threat.
Why it matters: As the Arctic climate rapidly warms, China and Russia have been moving into the region — seeing the northern reaches as a resource-rich crossroads, and melting ice grants new travel and trade routes as well as opportunities for military basing, per Axios' Colin Demarest.
The Trump administration is raising national parks' prices and adding fees for international tourists from next year in an "America-first" initiative that'll see U.S. residents "continue to enjoy affordable pricing," the Interior Department announced Tuesday.
The big picture: The new fees that take effect from Jan. 1 follow a tumultuous year for the National Park Service after hundreds of workers were fired in the Trump administration's purge of federal employees, and Axios' Emily Peck reports international air travel has declined amid travelers saying they're put off by tariffs.
