Eve Air Mobility, backed by Embraer, plans to land certification for its electric vertical takeoff and landing aircraft by December 2028.
Why it matters: With one of the world's largest aircraft manufacturers in its corner, Eve has a potentially significant advantage in the race to commercialize electric air taxis.
The IPO boom is turning into a windfall for Morgan Stanley's wealth management business as newly public companies create a fresh wave of rich clients.
Why it matters: While Wall Street banks make money from underwriting IPOs, they can also score big by managing the newfound wealth of founders, executives and employees after their companies go public.
The rupture between President Trump and Ukrainian President Volodymyr Zelensky over last week's diesel deal deepened Wednesday after an Elon Musk-owned satellite system used by Ukraine unexpectedly restricted service — undercutting Ukraine's fight against Russia.
Why it matters: The Ukrainian military uses SpaceX's Starlink satellite communications system to control and operate its reconnaissance and intercept drones. When Starlink doesn't operate at full capacity, Ukraine's ability to gather intelligence, use interceptor drones and conduct long-range strikes against Russia is impeded.
AI tools are now exacerbating a largely hidden problem that frontier AI companies have been contending with for years: the risk that employees will exploit their access to spy on their employers.
Why it matters: The same AI tools that companies are racing to release can also help people plan crimes and develop the technology to carry them out, creating another security headache for the companies building them.
Netflix plans to lay off 6% of its global workforce, or roughly 1,000 employees, in an effort to better position itself for future investments, its co-CEOs told employees Wednesday.
Why it matters: Co-CEO Ted Sarandos acknowledged last month in a Bloomberg interview that the company is not growing as fast as he would like.
Venture capital firm Andreessen Horowitz has laid off the majority of a 34-person team that helps portfolio companies recruit talent, Axios has learned from multiple sources.
Why it matters: Andreessen Horowitz is one of the largest and most active investors in Silicon Valley, and this is one of the key "value-add" services that it markets to tech founders.
France is grappling with a barrage of crises right now, including destructive fires in Paris, hackers rattling supermarkets, widespread student protests and a significant national debt.
Why it matters: The chaos in France comes as the country faces pressures also affecting the U.S. — rising costs from the Iran war and a ballooning national deficit ahead of an election.
The big question is ... do you believe it can fly?
State of play: Elon Musk is expected to reveal the long-awaited Tesla Roadster at an event Thursday in Texas, about nine years after first teasing that it will use rocket technology to lift off the ground in some capacity.
Some of the nation's largest banks denied financial services to liberal and conservative organizations over their political or religious views, according to a bank regulator report that documents specific cases.
Why it matters:The report shows instances of politically motivated debanking — a practice the Trump administration has accused major financial institutions of engaging in. But officials could not determine how widespread it was.
Getting comms leaders into the executive meeting may be the easy part — getting the rest of the company to act on their advice is harder.
Why it matters: The reputational risks corporate affairs leaders have to manage often originate in business decisions about products, jobs, technology and public policy.
But spotting those risks early is only valuable if the business is willing and able to do something about them.
Investment into AI is taking up a lot of the oxygen in the U.S. markets, and Wall Street's worries over its crowding-out effect appear to be spreading.
Why it matters: The surge of money flooding into this one sector is helping drive up borrowing costs for everyone — from the U.S. government to non-AI businesses to everyday Americans who face ever-higher rates for mortgages and auto loans.
Apple's big new hardware bet for the AI era is here, and it's a ... smart display?
Why it matters: Cue the time machine and let's head back to 2014, when Amazon's Alexa shocked the tech world and led us to imagine a Jetsons-style home would be ours in the near future.
It wasn't, but Apple believes it could come soon. The iPhone maker is betting that modern AI can finally make good on that vision, unveiling a slew of new smart home devices Tuesday.
Advocates for AI safety and regulation are emerging as a force in U.S. elections, spending nearly $50 million this election cycle on candidates who favor regulation, a new analysis shared exclusively with Axios shows.
Why it matters: The safety spending points to the unusual power dynamics in the AI race, where researchers shape policy and regulation in ways that differ at times from the priorities of the companies where they work.
The researchers add to the advocacy and giving of an array of AI safety groups that have been well-funded for years, including from Coefficient Giving, a philanthropy with close ties to many top AI executives, especially at Anthropic.
A federal judge on Tuesday ruled the Trump administration must continue to grant CNN, MS NOW and Politico access to the White House grounds while the lawsuit filed by the three news organizations continues.
Why it matters: It marks a major win for the news outlets as it maintains their White House access and signals that the judge believes their legal claims could succeed on their merits.
The Pentagon has appointed a public affairs executive as acting publisher of Stars and Stripes, the military newspaper that's long operated with editorial independence from the Defense Department, according to an Oct. 8 memo obtained by Axios.
Why it matters: The leadership shake-up at Stars and Stripes is yet another front in the Pentagon's public messaging fight.
