Axios

The Universal Filmed Entertainment Group (UFEG) said Tuesday that beginning next year, all of its film content will become available to fans exclusively on Peacock, the streaming service owned by its parent company Comcast, within four months of debuting in theaters.

Why it matters: The deal will likely help Comcast lure streaming subscribers to Peacock.

Reddit traders drove AMC's stock to meteoric heights. Now they're one reason why the theater chain tabled its latest plan to cash in on that hype.

What's new: AMC said Tuesday it's putting off a vote that could have let the company sell up to 25 million more shares next year.

Richard Branson is scheduled to blast off this Sunday on a suborbital space flight with his company Virgin Galactic, just days before Jeff Bezos plans to ride aboard a Blue Origin spaceship. But a lot more is riding on these rockets than ambitious billionaires.

Axios Re:Cap speaks with Axios Space editor Miriam Kramer about what Branson and Bezos are actually doing, how it’s different from what SpaceX is doing, and the risks these missions could pose to the future of space travel.

Former Fox News anchor Megyn Kelly will host a new weekday talk show on SiriusXM, she confirmed via Twitter Tuesday.

Why it matters: The move marks Kelly's return to a full-time journalism job after she left NBC News in 2019, following low ratings and controversy surrounding her defense of the use of blackface for Halloween costumes.

• "The Megyn Kelly Show" will begin airing Sept. 7 on the Triumph channel.

Cuts in working hours — without accompanying pay cuts — did not impact worker productivity in Iceland, new research shows, and employees reported less stress and an improved work-life balance.

Why it matters: Since the trials, 86% of Iceland's entire working population has moved to shorter hours or has gained the right to shorten their working hours, per the new study, conducted by the U.K. think tank Autonomy and research organization Association for Sustainable Democracy (Alda).

CB Insights, a data software company that caters to buyers and sellers of technology, has nearly one million email newsletter subscribers, co-founder and CEO Anand Sanwal tells Axios.

Why it matters: Long before Silicon Valley titans began launching their own media arms, CB Insights created a blueprint for how tech companies can use content to bolster their businesses.

Fortress Investment Group, backed by SoftBank, agreed to buy British supermarket chain Wm Morrison (LSE: MRW) for £6.3 billion.

The big picture: The move comes after Morrisons rejected a £5.5 billion offer from Clayton Dubilier & Rice, and just before Apollo Global Management confirmed that it's considering a rival bid.

U.S. tech companies for years have grumbled about how the Chinese government favored its homegrown heroes, largely shielding them from global competition. Now, though, China is turning on its own Big Tech companies, reminding them who's boss.

Why it matters: This complicates U.S. IPO plans for dozens of Chinese companies, and potentially revalues even more Chinese unicorns.

The Information is launching a new standalone publication about batteries and electric vehicles, CEO and founder Jessica Lessin tells Axios.

Why it matters: It's the first time the high-end business and tech media company is charging for content separately from its roughly $400 annual professional subscription fee.

Cloud content management company Box is striking back at Starboard Value, alleging that the firm privately asked to participate in an investment that it publicly opposed.

Between the lines: Box has been battling for nearly a year with Starboard, in one of the most prolonged battles between a Silicon Valley tech company and an activist investor.

The June jobs report was strong, but not so strong that it stoked fears that the Federal Reserve would scale back on its supportive monetary policies sooner than expected. This sentiment was reflected in the stock market, where the S&P 500 closed at a record high after the news.

Why it matters: The U.S. economy continues to recover as hundreds of thousands of Americans return to work.

Employers are doing what they have to do to address persistent labor shortages: They’re offering more money.

Why it matters: The reopening of the U.S. economy is fueling demand for goods and services. But businesses have struggled to meet that demand because current pay rates aren’t attracting the qualified applicants that employers want.

As experts attempt to explain why businesses are struggling to hire, some have made the case that the pandemic encouraged older working Americans to retire earlier than expected.

Why it matters: If it's true that retirements are unusually high, then the labor market may have less slack than many assume.

Nextdoor, the neighborhood social network in more than 275,000 global communities, announced that is has agreed to go public via a SPAC sponsored by Khosla Ventures — at an implied valuation of $4.3 billion.

Why it matters: Nextdoor has managed to avoid much of the scrutiny aimed at larger networks like Facebook and Twitter.

The overwhelming majority of workers and employers want hybrid work with some days in the office and some days away, or even some workers permanently in person and others always remote. But, done imperfectly, such a system could create a two-class system between those in the office and those out of it.

What's happening: Now some firms are starting to figure out what the future of equitable hybrid work and hybrid workplaces could actually look like.

David Rubenstein — billionaire philanthropist, author, interviewer and co-founder of the Carlyle Group investment firm — told me this story ahead of tonight's launch of his new biweekly show, "Bloomberg Wealth":

Marc Andreessen, the now famous venture capitalist, visited Carlyle in the early '90s, seeking funding for something called Netscape.

When Andreessen explained that his idea would help navigate the internet, Rubenstein replied: "What is the internet, and why would I want to navigate it? … We would never invest in something ridiculous like that."

Netscape sold to AOL in 1998 for $4.2 billion.

"Boomerang workers" — those who've returned to their hometowns to do remote work — rose with the pandemic, but the phenomenon shows signs of sticking around beyond it.

The big picture: Workers typically have to move to where the jobs are, centralizing top talent in big coastal cities. But as COVID drove rapid adoption of remote work, many people who were able to opted to return to their roots to be closer to family, raise kids in familiar settings or simply escape big city life.

New media personalities have gained enormous traction over the past year by catering to individuals who feel disillusioned by the mainstream press.

Why it matters: A convergence of trends over the past year has made it easier for writers to launch new entities that can rival mainstream outlets and it's given these creators the freedom to criticize big media institutions.

Business titans across media, tech and entertainment will come together this week for the famous "Sun Valley" summer conference.

Why it matters: The gathering, which often serves as a vehicle for high-profile deal-making and is hosted by investment firm Allen & Co., will be a barometer for how power brokers are approaching industries drastically changed by the pandemic.

The FDA's approval of Alzheimer's treatment Aduhelm puts physicians in a difficult position: They hold the prescribing power over a drug that most say is unproven. But desperate patients and families may not know or care about the lack of evidence and will want the prescription anyway.

What they're saying: "The public message has to be clear: This is not a cure, and it's not even clear this is going to make substantial changes to someone's disease course," said Sharon Brangman, an Alzheimer's expert and geriatrician at Upstate University Hospital in New York.

Florida rescuers were battling strong winds during their search through the rubble of the collapsed Surfside condo as Tropical Storm Elsa neared the state overnight, after finding four more bodies at the site Monday.

What's happening: Maggie Castro, a firefighter and paramedic with the Miami-Dade Fire Rescue Department, said: "We know that with every day that goes by, it is harder to see a miracle happening," per AP.

Prime Minister Justin Trudeau announced Monday the gradual easing of pandemic restrictions at the Canada-U.S. border.

Driving the news: Trudeau told a news conference this would begin Monday with the lifting of a 14-day quarantine requirement for Canadian residents fully vaccinated against COVID-19. The measure has been in place since March last year.