Polymarket is making a bigger push into live sports, partnering with the ATP Tour — the global governing body of men's professional tennis — to pair official tennis match streams with real-time prediction markets data.
Why it matters: This deal is different from Polymarket's other sports partnerships because it goes beyond branding and official data into live media rights and product integration.
SpaceX exceeded revenue expectations and reduced its losses in its initial quarter as a publicly traded company, delivering sharp increases in all three of its divisions: space, connectivity and AI.
The company's stock was down more than 8% in after-hours trading. During the trading day, the shares ended up 9.4%, at $125.33, as investors anticipated the earnings report.
Why it matters: SpaceX has been under the microscope — with shares falling below their IPO price of $135 — as investors look for Elon Musk to deliver AI advancements.
Substack says its Defender legal support program has won its first federal court victory, helping Jeff Stein, editor-in-chief of SpyTalk and Substack author, beat a $1 million defamation lawsuit filed against him in 2024 by former CIA official Keith Bass.
Why it matters: Substack is known to take a much larger cut (10%) of its creators' subscription revenues than other newsletter platforms, in part to provide backend services such as legal protections.
OpenAI agreed Tuesday to pay $3.2 million to settle Justice Department allegations that it discriminated against U.S. workers by favoring temporary visa holders for jobs, according to the DOJ.
Why it matters: Slapping a multimillion dollar fine on one of the world's biggest AI companies puts the tech sector on notice that Trump administration is cracking down on companies that game the visa system to bypass American talent.
Spotify said Tuesday it topped 300 million paid subscribers, joining Netflix as the only major global streaming platforms known to have reached that milestone.
Why it matters: It underscores the company's yearslong strategy to turn Spotify from a music streaming app into a broader platform for personalized audio and fan experiences.
Axel Springer has named Business Insider's interim CEO Christian Baesler as the outlet's permanent chief executive, Baesler confirmed to Axios in an interview.
Why it matters: The German media giant is betting on Baesler to reinvent the nearly 20-year-old publication for a post-search and social media traffic era.
"Spider-Man: Brand New Day" delivered the biggest domestic opening in box office history this past weekend, extending its decadeslong run as one of Hollywood's most reliable characters.
Why it matters: The success stands in contrast to the so-called "superhero fatigue" that's weighed on other comic book franchises since the pandemic.
Bending Spoons on Tuesday said it has agreed to acquire Airtable, a San Francisco-based relational database company, for $1.29 billion in cash.
The implied equity value is $2.25 billion, including Airtable's cash and cash equivalents.
Why it matters: This is one of the first major SaaSpocalypse sales, and an absolute crater for many of Airtable's venture capital investors, despite the unicorn-level sale price.
For two decades, the most valuable parts of enterprise software sat behind a barrier: workflows built around how the organization actually ran, automations eight steps deep, judgment calls baked into every exception. That's real depth, the kind serious work depends on and the kind that took weeks, months or longer to master.
NBC News is launching a new, cross-platform franchise centered on Steve Kornacki's signature data-driven analysis, Kornacki told Axios in an interview.
Why it matters: The network is betting that one of its most recognizable on-air personalities can help drive sign-ups to the digital subscription offering it launched last year.
BP said Tuesday morning that it's planning to sell Archaea, which captures and sells gas from landfills and dairy farms, just four years after buying it for $4.1 billion.
Why it matters: It's a major move in BP's pivot back to its core oil and gas business, and a streamlining of operations, to boost financial performance that has lagged rivals.
Joby Aviation is partnering with Atoms, an LA-based robotics company led by former Uber CEO Travis Kalanick, to develop next-generation vertiports for urban air taxis.
Why it matters: As these innovative electric aircraft get closer to reality, they'll need places to land, charge and connect passengers to the rest of their journey.
Less information from the Federal Reserve would likely make the markets more volatile and market pricing more "error-prone," Goldman Sachs chief economist Jan Hatzius wrote in a note Monday.
Why it matters: Markets won't stop trying to predict the Fed's actions in the face of less information — investors will likely make the same guesses, only with less evidence and a greater chance of getting it wrong, he argued, echoing the concerns of several other analysts and economists.
Big drug companies have been buying scrappy biotechs to expand their pipelines, but the potential megamerger between AstraZeneca and Bristol Myers Squibb could flip that script.
Why it matters: Combining two drug giants with overlapping portfolios could put cost efficiencies ahead of innovation.
The share of business students regularly using AI has increased from 6.2% to 29% over the past three years, according to research from American University's Kogod School of Business, shared first with Axios.
Why it matters: The chorus of AI boos at college graduations last spring doesn't tell the whole story: Students increasingly see AI as a critical job skill but want more guidance on using it responsibly.
For years, Truth Social was President Trump's money-losing megaphone.
Now his company is charging Wall Street up to $1.2 million a year for a split-second edge on posts that can — and frequently do — jolt global markets.
Why it matters: Trump has transformed his second term into the most lucrative venture of his entire career, raking in more than $2.2 billion in 2025 from his family crypto empire, legal settlements and various licensing deals.
