Royal Dutch Shell CEO Ben van Beurden wants a seat at the table to fight climate change, and wants the public and policy makers to believe the oil and gas company is serious about shifting its massive business.
Why it matters: The problem is, “in many parts of society, everything we say is wrong,” he tells “Axios on HBO.”
Adapted from an SLEI report through Stanford University; Chart: Axios Visuals
An analysis of more than 5 million loans given out through the Paycheck Protection Program has found stark inequalities for Latino, Black and Asian people in how the critical funds were doled out.
The big picture: Neighborhoods with high Latino populations in places like Los Angeles, New York, Phoenix and San Diego got half as many loans than white non-Hispanic zones, according to reporting from Reveal News and The Los Angeles Times.
Clubhouse on Sunday announced that it will begin rolling out its beta version for Android.
Why it matters: Downloads for the app have plummeted as the pandemic begins to regress. Expanding the app to the second-largest operating system in the U.S. — and the largest globally — will help Clubhouse grow its audience.
Consumer prices have been more volatile over the past year than at any point in decades — for good reason.
Why it matters: Congress has tasked the Federal Reserve with ensuring price stability when it comes to consumer prices overall. But the price of a broad basket of goods and services can be pretty steady even if the various components inside that basket are gyrating wildly.
Elon Musk marked his "Saturday Night Live" hosting debut by making a series of self-deprecating jokes and addressing controversy he's attracted over the years over his behavior and Twitter posts.
What he's saying: "To anyone I've offended, I just want to say, I reinvented electric cars and I'm sending people to Mars in a rocket ship," the SpaceX owner and Tesla CEO said. "Did you think I was also going to be a chill, normal dude?"
Norwegian Cruise Line this week threatened to pull its ships from ports in Florida after Gov. Ron DeSantis (R) signed a bill prohibiting businesses from requiring customers show proof they have received COVID vaccines, AP reports.
The big picture: Norwegian, which is based in Miami, plans to resume cruises in the Caribbean and Europe this summer and fall with "mandatory vaccination requirements for all guests and crew on all sailings" through the end of October.
Pandemic-induced remote work is chipping away at a recent trend of Americans staying put — but only for the well-off.
Why it matters: Telework has been lauded as a geographic equalizer, allowing talented people from all over the country to go for jobs in superstar coastal metros. But the benefits have largely been limited to wealthier workers — so far.
A new generation of companies is forming to scoop up Amazon marketplace sellers — and venture capital firms are writing big checks to support the effort.
Why it matters: These e-commerce aggregators are all about data and using it to optimize and turbocharge sales, which means they’re using Amazon’s own playbook.