Tim Cook is stepping down as CEO of Apple. In nearly 15 years as chief executive, Cook turned Apple into a global powerhouse, building on the legacy of his legendary predecessor Steve Jobs.
Why it matters: Cook, who oversaw the launch of the Apple Watch and AirPods, will be replaced by hardware expert John Ternus.
The Trump administration is ramping up pressure on the beef industry amid mounting consternation over near record-high meat prices.
Why it matters: Ground beef averaged about $6.70 per pound in March — about 16% higher than a year earlier, highlighting persistent cost pressures for U.S. consumers.
The White House Correspondents' Association Dinner weekend is back and busier than ever this year, with new outlets, companies and political powerbrokers looking to make further inroads in Washington.
Why it matters: The dinner hasn't seen this much momentum since the Obama era.
A U.S. district judge on Friday issued a preliminary injunction requiring Nexstar and Tegna to remain separate, despite closing their $6.2 billion megamerger last month.
Why it matters: The ruling significantly dampens the consolidation outlook for the entire local broadcast industry.
FBI director Kash Patel sued The Atlantic and one of its reporters, alleging they defamed him when the outlet published a story last week alleging he has an excessive drinking habit and a pattern of "erratic" behavior.
Why it matters: The piece drew swift reactions from Democrats, who called on Patel to resign.
QXO (NYSE: QXO) has agreed to acquire insulation company TopBuild for $17 billion in cash and stock, the companies announced on Monday.
Why it's the BFD: The construction materials space has seen a flurry of M&A, with data center buildouts and energy needs driving the activity.
The big picture: This is QXO's largest deal yet, with the company now over a third of the way to hitting its goal of $50 billion in revenue via M&A and organic growth.
TopBuild will give the company scale and expand "our exposure to large, complex projects like data centers," QXO CEO Brad Jacobs said in a statement.
I'm going to share intel picked up from top officials in government, AI and business. It was shared confidentially, but with the knowledge I'd use it without sourcing it.
🫏 AOC and socialism: AOC is the most interesting '28 candidate to watch right now. She could run for Senate in New York against Chuck Schumer and win, perhaps easily. Or she could run for president as the Bernie Sanders far-left heir apparent. Much harder.
At Axios, we're probably in the top 5% of non-AI companies in using AI at every level. We're young, lean and non-bureaucratic, so I want to share what we're seeing in our own lab. Hopefully, it inspires use cases for YOU.
Here's how we can think about categorizing our team's AI sophistication, based on what I'm seeing inside Axios and hearing from other CEOs in non-AI-native companies:
Any company using AI aggressively is finding two new bottlenecks: one in tech, one everywhere else in the org.
In tech: High-performing teams are cranking out code and new products at warp speed. But that's creating massive traffic jams when it comes to connecting to other systems and clearing quality control. So, yes, celebrate the speed ... but be clear-eyed about the new pinch points.
Every day, a guy known as Husk asks ChatGPT to do something simple — like time a mile run or spell "strawberry" — and posts the footage of it failing.
Why you should care: He's racked up over 15M TikTok likes making AI look like a confidently wrong intern, and the comment sections tell you exactly what's forming in the minds of your workforce.
Prescription drug commercials are facing renewed scrutiny as the Trump administration and lawmakers from both parties seek new controls on ads that account for more than $10 billion in annual spending.
Why it matters: The U.S. and New Zealand are the only countries that allow direct-to-consumer pharmaceutical advertising, which critics blame for promoting unnecessary drug use and driving up health costs.
The CEO of $10.2 billion blockchain infrastructure company Alchemy has an irreverent AI assistant — named Dave the Minion — that tracks his health data, scores his habits and assigns new goals.
Dave is an AI agent built with OpenClaw.
Why it matters: Executives are offering a glimpse into what a fully integrated life with AI looks like — including the current pitfalls.
U.S. businesses that paid tariffs that the Supreme Court ruled were illegal can start applying for refunds Monday.
Why it matters: The Trump administration's launch of an online portal for tariff refund applications marks the first phase of its efforts to comply with court orders to reimburse billions of dollars in paid tariffs and interest to importers.
Oil prices are up around 6% Sunday evening after the weekend brought fresh escalation of the U.S.-Iran conflict.
Why it matters: The jump after international markets opened reverses a large chunk of the sharp decline Friday, when President Trump and Iran's foreign minister claimed the Strait of Hormuz was opening to tanker traffic.
American forces seized an Iranian-flagged cargo ship after it tried to bypass a U.S. naval blockade in the Gulf of Oman, President Trump said Sunday.
Why it matters: It's the first seizure and the first ship fired upon since the U.S. blockade went into effect last Sunday in response to Iran effectively holding the Strait or Hormuz hostage since the war began on Feb. 28.
