Mar 18, 2019

China is flooding the caviar market, driving down global prices

Photo: Dustin Shum/South China Morning Post via Getty Images

China's total caviar exports "more than quintupled" between 2012 and 2017, as farmers are increasingly able to churn out fish eggs from wild female sturgeon at a relatively low cost, the Wall Street Journal reports.

Why it matters: The most recent data from the UN's Food and Agriculture Organization shows U.S. caviar imports from China sold for 13% less in November compared to the year prior, and nearly 50% since 2012. American caviar farmers are increasingly struggling to compete with China's dominance as the market becomes flooded with fish eggs, though the Trump administration's 10% tariffs on Chinese caviar have helped cushion the blow.

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Trump administration backs Oracle in Google fight

Photo illustration: Aïda Amer/Axios. Photo via The Washington Post.

The Trump administration is siding with Oracle in the database giant's dispute with Google before the Supreme Court — a move that comes as Oracle's founder hosts a high-dollar fundraiser for the president.

Why it matters: Billions of dollars — and, Google argues, the future of software innovation — are at stake as a long-running copyright dispute between the two giant companies heads to the Supreme Court next month.

Established VCs turn to "super angels" to grow their network

Illustration: Eniola Odetunde/Axios

Thanks to companies like AngelList and Carta that make it easier than ever to set up small VC funds, a new generation of so-called “super angels” is cropping up — and established venture funds are backing them.

Why it matters: Just like the boom in scout programs a number of years ago, it’s all about the deal flow.

Scoop: Top NSC official reassigned to Energy Department amid "Anonymous" fallout

Photo: Mark Wilson/Getty Images

Deputy national security adviser Victoria Coates will be reassigned as a senior adviser to Energy Secretary Dan Brouillette, the National Security Council said Thursday — and a senior White House official said that the administration "rejects" the rumors that she is "Anonymous."

Why it matters: Coates has battled claims that she is the still-unknown Trump administration official that penned a New York Times op-ed and book critical of President Trump.