Axios

AT&T is in talks with media giant Discovery about merging its media assets, like CNN, TBS and TNT, according to two sources familiar with the discussions.

Why it matters: A potential merger could allow AT&T and Discovery to better compete with entertainment giants like Disney and Netflix in the video streaming wars.

Cameo CEO Steven Galanis doesn't want the app he built to be used explicitly for politics, but said he would allow former President Trump on the platform.

• "Trump has done nothing on our platform to violate our terms of service," Galanis says in an interview with "Axios on HBO" that aired Sunday.

Why it matters: Cameo's approach is different than some of its Big Tech peers.

Some Democrats and economists have begun to worry that President Biden, intent on FDR-like transformation of a wounded America, is doing too much, too fast.

Why it matters: Some economists fear that all this spending will crank up inflation, and put Biden’s economic legacy at risk.

Consumers and retailers alike are still trying to figure out what Americans will want to wear as they head back out into the world after a year at home, in sweatpants.

Why it matters: The choices people make about their post-pandemic wardrobes will help define what, exactly, our “new normal” is. They'll indicate how both work and socializing have changed, and will tell the story of how people expressed themselves in the aftermath of a year of massive transformation.

Colonial Pipeline resumed normal operations on Saturday after a ransomware attack forced the pipeline to shut down last week, the company announced.

Why it matters: The pipeline is now delivering fuel to states that had experienced gas shortages at the same capacities as before the extortion scheme hit the critical pipeline, which runs from Texas to New York and carries roughly 100 million gallons of fuel per day.

The U.S. budget deficit hit a record $1.9 trillion in the first seven months of this fiscal year, according to the Treasury Department's monthly budget report.

Why it matters: It's roughly a 30% increase from the same time period in the last fiscal year and is largely due to the passage of massive relief bills to combat the economic fallout of the coronavirus pandemic.

Some retailers across the U.S. will continue requiring masks in stores, despite new coronavirus guidelines from the Centers for Disease Control and Prevention relaxing mask mandates for fully vaccinated people.

The latest: Starbucks announced that masks will be "optional" for fully vaccinated customers starting May 17 "unless local regulations require them by law." Employees will still be required to wear face coverings and restrooms will remain closed to the public in stores where indoor seating is not available.

The Biden administration on Monday announced that it will fully implement the International Entrepreneur Rule (IER), an Obama-era program that lets certain foreign-born entrepreneurs stay in the U.S. for up to five years.

Why it matters: The Department of Homeland Security estimates that once implemented, about 3,000 foreign entrepreneurs would qualify per year for the IER program, resulting in about 100,000 jobs being created over a decade.