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Israeli Prime Minister Benjamin Netanyahu revealed new details about a FlyDubai flight bound for Israel during which a pilot stabbed a colleague, sending the plane spiraling thousands of feet.
The big picture: Netanyahu told CNN Wednesday evening that the Indian pilot who was stabbed, Capt. Smit Machchhar, unlocked the cockpit after being attacked and an Israeli passenger who works as a plumber, Yaniv Hayun, entered and found the Omani pilot apparently trying to interfere with the aircraft's controls.
Paramount Skydance chair and CEO David Ellison said Wednesday that longtime Mattel CEO Ynon Kreiz will become co-CEO of the soon-to-be combined Paramount-Warner Bros. Discovery.
Why it matters: Kreiz brings experience building consumer franchises that span traditional, digital and live entertainment, as well as retail products, as Ellison looks to integrate two legacy entertainment companies.
A FlyDubai flight bound for Israel erupted into chaos after a pilot stabbed another pilot and sent the plane spiraling thousands of feet.
The big picture: The midair emergency triggered a multinational security response, but key details about what happened inside the cockpit remained unclear.
The Federal Trade Commission is investigating OpenAI, Anthropic and other AI companies over potential safety risks posed by their products, an agency spokesperson told Axios Wednesday.
Why it matters: The federal government has largely taken a hands-off approach to regulating AI, but the FTC investigation could signal a shift for the industry.
SpaceX CEO Elon Musk, Anduril Industries founder Palmer Luckey and former House Speaker Newt Gingrich will lead a Pentagon study of the future of warfare dubbed "Project Meridian," Defense Secretary Pete Hegseth announced Wednesday.
Why it matters: It's Musk's first official role advising the Trump administration since his very public feud last year with President Trump after departing DOGE. He has since reconciled with Trump.
Google is unveiling its long-awaited next-generation AI model, Gemini 4 Argon, to a small group of cybersecurity partners, the company said Wednesday.
Why it matters: Gemini 4 arrives after a long gap at the top of Google's model lineup, in which the company kept rolling out smaller, cheaper Flash models while rivals OpenAI and Anthropic sprinted forward.
Defense Secretary Pete Hegseth took aim at the U.S. media during a speech at a Marine Corps base in Virginia on Wednesday, saying, "Our so-called press makes Iranian state media look reasonable."
Why it matters: Hegseth cast news outlets as a threat to U.S. troops, escalating his attacks on journalists over reporting based on classified information.
Detroit's automakers have spent years retreating toward their most defensible turf: highly profitable pickups and SUVs. Now they're getting boxed in, with few places left to grow.
The big picture: Japanese and Korean rivals are taking ever larger slices of U.S. market share, while Chinese competitors are squeezing Detroit's growth prospects overseas. Now, high gas prices have exposed the risk of U.S. carmakers' truck-heavy lineups.
DoorDash is adding another vehicle to its increasingly automated delivery fleet: a drone designed and built in-house.
Why it matters: DoorDash is building a sprawling multimodal delivery network — humans, robots and drones — and using its software to decide which is best for each order.
Anthropic already was going to be the defining IPO story for Q4, but now takes on greater significance as other companies postpone or scrap their offerings due to "market conditions."
The big question: Will the Claude maker go public before Thanksgiving, or follow the crowd (and OpenAI) into the "wait 'til next year" wilderness?
Walmart is donating $15 million to Feeding America to help alleviate hunger at a time when food inflation remains a challenge for many Americans.
Why it matters: Nearly 48 million people in the U.S. are experiencing food insecurity, including 1 in 5 children, according to Feeding America's 2026 Elevating Voices report.
Leadership is at the heart of transforming a business. PepsiCo pairs AI and data with a people-first leadership strategy to help teams move faster and make smarter decisions that create results. Athina Kanioura stepped into the role of CEO of PepsiCo Latin America Foods while continuing to lead strategy and transformation. In this conversation, she discusses how empowerment, simplicity and continuous change can unlock the next era of growth.
OpenWeb is providing publishers a way to build Reddit-like forums on their own websites, the company exclusively tells Axios.
Why it matters: Online conversations that once happened in publishers' comments sections have moved to other platforms, taking readers' time and attention with them.
Data: Stijn Van Nieuwerburgh, "Financing the AI Buildout," Brookings Papers on Economic Activity conference draft; Chart: Axios/Emily Peck
The AI buildout is entering a show-me-the-money phase: A growing chorus warns that the pace of spending on the technology is far outstripping the money coming in, and that may be true for a while.
Why it matters: With so much of the economy riding on investor bets on AI, it could all end in tears.
The Alliance for Critical Infrastructure, a recently formed CEO-led coalition, has added dozens of new members and will focus on preparedness.
Why it matters: Growing concern about the prospect of AI-powered attacks on public infrastructure, financial institutions and essential businesses is fueling momentum for action.
OpenAI is equipping high-end subscribers with always-on agents, known as Dots. It's a bold move from a company that continues to deal with reports of its agents breaking past intended safeguards.
Why it matters: AI's safety challenge has moved from "Will the chatbot say something harmful?" to "How can we stop autonomous agents from attempting hacks online?" to "Uh-oh, what did my AI assistant do now?"
Publishers suing OpenAI and Microsoft are accusing the Trump administration of playing politics in siding with AI companies in a lawsuit alleging widespread copyright infringement.
Why it matters: The Justice Department's statement of interest in the case, as Axios has reported, surprised critical agencies that are typically consulted in these types of filings — like the U.S. Patent and Trademark Office and the Copyright Office.
