Meta is doubling down on Nvidia AI chips, committing to spend tens of billions of dollars on the chipmaker's newest offerings and sending shares of both companies higher.
Why it matters: Even though Meta is already one of Nvidia's biggest buyers, the deal is so big that it stands to boost both companies.
Bayer has agreed to a $7.25 billion deal to settle tens of thousands of lawsuits that its weedkiller Roundup caused cancer.
The big picture: Bayer — which acquired Roundup when it bought Monsanto in 2018 — announced Tuesday that it'll compensate people who allegedly suffered non-Hodgkin lymphoma due to exposure to Roundup.
Stephen Colbert said Monday that CBS barred him from airing an interview with a Texas Democrat running for Senate over concerns about a recent Trump administration directive.
The big picture: CBS said its attorneys warned that airing the interview would trigger what's known as the "equal time" rule, which critics — including the FCC's lone Democrat — argue is being used to stifle free speech.
A dizzying range of factors led to last year's deadly collision between an Army helicopter and a regional jet over the Potomac River, per the final National Transportation Safety Board report out Tuesday.
Why it matters: As is often the case with major aviation disasters, many smaller issues — each perhaps benign on their own — added up to a tragedy of the grandest scale, leaving 67 people dead.
Late-night host Stephen Colbert said Monday evening that CBS barred him from airing an interview with James Talarico, a Texas Democrat running for Senate, citing a recent federal directive.
Why it matters: CBS has faced mounting scrutiny in recent months that its news arm and parent company, Paramount Skydance, are succumbing to pressure from President Trump's administration.
Why it matters: It's the latest major company to relocate to the 305 — including Ken Griffin's Citadel hedge fund — underscoring the city's growing status as a global tech and finance hub.
Anthropic is releasing Claude Sonnet 4.6, its new default model, which the company says has better coding and computer use skills than prior versions.
Why it matters: Anthropic continues to shrink the gap between its premium and mainstream AI offerings, making advanced capabilities the default, even for free users.
The Commodity Futures Trading Commission is launching a legal campaign to defend its regulatory turf on prediction markets, setting up a clash with states that have sought to block them.
Why it matters: Prediction markets like Kalshi and Polymarket have been surging in popularity, raising questions about the legality of sports event contracts and other trading opportunities in a growing gambling culture.
Ford is chasing physics to make electric vehicles more affordable, even borrowing aerodynamic tricks from F1 racing in the quest to squeeze out better performance at a far lower cost.
Why it matters: Ford, like the rest of the industry, got burned on EVs, writing off $19.5 billion worth of investments on cars no one wanted to buy — but it's not abandoning its electric ambitions.
Hearst, the 138-year-old media giant, saw record revenues and profits last year, CEO Steve Swartz wrote in an annual memo to employees Tuesday, obtained by Axios.
Why it matters: Hearst has grown its business by investing in business software and trade journalism. Those efforts have helped offset a challenging environment for consumer media, particularly magazines and newspapers.
TopFan, a 12-year-old fan engagement company that's powered sites and apps for the likes of Warner Bros., the Denver Broncos and Maroon 5, is opening its platform to creators, CEO Jeffrey Kohn exclusively tells Axios.
Two teachers unions this morning sent a letter to the U.S. Securities & Exchange Commission, requesting that it investigate what they believe were "misleading" statements made by Apollo Global Management to its investors, regarding the firm's relationship to Jeffrey Epstein.
Why it matters: Apollo hasn't put this to bed, five years after severing ties with firm founder and former Epstein pal Leon Black.
Tide is introducing one of the biggest changes to laundry detergent in more than a decade with the national rollout of Tide evo, a dry, tile-based alternative to liquids and pods.
Why it matters: The U.S. laundry care market is worth nearly $25 billion, and even small shifts in format can move billions in retail sales.
Threat intelligence startup VulnCheck has raised a $25 million Series B round led by Sorenson Capital, the company first shared with Axios.
Why it matters:AI tools are helping researchers uncover even more software bugs, driving market appetite for tools that can help security teams sort through the growing backlog.
Golf influencer Paige Spiranac is teaming up with Pro Shop, the golf media and commerce company behind Netflix's "Full Swing," to launch a new media venture, she exclusively tells Axios.
Why it matters: The partnership underscores how creators are becoming central to modern sports media as athletes turn their personal brands into full-fledged companies.
Warner Bros. Discovery on Tuesday said it will reopen deal talks with Paramount Skydance, possibly reigniting a bidding war with Netflix.
Why it matters: Paramount has made numerous revisions in an attempt to get WBD's board to take its offer seriously. By holding out for a "best and final offer," it looks like WBD may be able to get Paramount to lift its price to at least $31 per share.
Big Tech is on a bond binge to fund its AI bets, and investors seem happy to oblige.
Why it matters: Even as worries swirl around these companies going on AI spending sprees, bond investors — the so-called "smart money" — are so far telling a calmer story.
Matthew Miller and Tucker Eskew — veterans of high-profile campaigns, now partners at Vianovo, a bipartisan management and communications firm — write in a note to clients Tuesday that a "tsunami of Congressional oversight" is headed straight for corporate America if, as is likely based on history, Democrats win the House in November's midterms.
"It's going to be so much worse than they expect," Miller tells Axios.
Why it matters: Companies "that prepare in advance stand a much better chance of emerging with their reputations intact," the partners write. "The subpoenas are coming. The only question is whether companies will be ready."
AI is concentrating stocks, bonds, private credit — and even the broader economy — around a single bet.
Why it matters: Tech companies are projected to issue over $1 trillion in debt to fund their AI goals this year. Yet there's little evidence the technology can be monetized at a scale that justifies the bet.
New Mexico lawmakers launched an investigation into Jeffrey Epstein's former Zorro Ranch Tuesday over allegations the late convicted sex offender trafficked and sexually abused girls and women at the sprawling property outside Santa Fe.
The big picture: It's "critical" that the first full investigation into what happened at the ranch provides a platform to "uncover the truth" about what happened there and for survivors to see justice, state Rep. Andrea Romero (D) tells Axios.
