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Ina Fried / Axios

When you think of Dolby, you probably think of technology to make things sound better. And, licensing its technology still accounts for about 80% of the company's roughly $1 billion in annual revenue.However, Dolby also has been working to ramp up its products and services business, which supplies audio and video technology for cinemas and all manner of consumer devices. On Tuesday, the company invited reporters to check out some of its latest efforts at the Dolby headquarters in San Francisco.3 things Dolby is working on that caught my eye:Laptop speakers: Dolby showed its Atmos technology running in a cinema and on fancy home theater products, but I was most impressed by the sound that Dolby managed to cram into a tiny 13-inch Huawei laptop.Outfitting nightclubs and remixing classic albums: Dolby has a new but growing business adding surround sound to nightclubs, having retrofitted London's Ministry of Sound and Chicago's Sound-Bar.Dolby also has worked with Universal Music Group to bring its Atmos technology to Abbey Road to remix the Beatles' "Sgt. Pepper's Lonely Hearts Club." At the media event, Dolby revealed that it has outfitted a studio in Capitol Records in Hollywood and is using the technology on R.E.M.'s "Automatic for the People."It's unclear how the remix will be distributed. Sgt. Pepper's was played at Dolby Cinemas in the U.S. and Canada so Automatic for the People could get a similar treatment, but in theory Universal could also release it for playback on Atmos-capable TVs via streaming or compatible Blu-Ray players.Not just sound: Dolby is also pushing Dolby Vision, a technology for improved color and dynamic range in TVs. The technology can be found on high-end TVs, but also on a $650 set from China's TCL."We think we've made as big an impact there as we have on the audio side," Bob Borchers, Dolby's chief marketing officer, says.

Go deeper

White House now says Biden will move to increase refugee cap in May

Photo: Chip Somodevilla/Getty Images

The White House on Friday afternoon said President Biden plans to lift the Trump-era refugee cap by May 15.

Driving the news: The announcement follows stinging criticism from several Democrats and rights groups, who said Biden was walking back on his pledge to raise the limit. Earlier Friday, Biden had signed a directive to speed up the processing of refugees, but he kept the Trump administration's historically low cap of 15,000 refugees for this year.

Suspect in FedEx shooting identified as 19-year-old former employee Brandon Hole

Crime scene investigators walk through the FedEx parking lot in Indianapolis the day after a mass shooting left nine dead, including the gunman, who took his own life. Photo: Jeff Dean/AFP via Getty Images.

The suspected gunman who killed at least eight people and wounded several others in Indianapolis before killing himself has been identified by local police as 19-year-old Brandon Hole, a former FedEx employee, a company spokesperson told the AP.

The latest: At least 100 people were in the FedEx warehouse at the time of the shooting, authorities said Friday. Indianapolis Metropolitan Police Department Deputy Chief Craig McCartt told reporters that Hole worked at FedEx through 2020. He did not specify the circumstances of Hole’s departure.

The legacy of Bernie Madoff

Bernie Madoff, architect of the largest Ponzi scheme in American history, died on Wednesday in federal prison, 11 years into his 150-year sentence.

Axios Re:Cap digs into Madoff’s crimes, what they revealed about America's financial system and what changed after the scheme came crashing down with Diana B. Henriques, author of the The Wizard of Lies: Bernie Madoff and the Death of Trust.