Google's parent company Alphabet blew past Wall Street expectations on revenue during the first quarter, sending its stock up nearly 5% in after-hours trading.
Driving the news: The tech giant said its video platform YouTube brought in a record $7 billion for the quarter, up 84% year-over-year.
Walmart announced Tuesday that it will cover the cost of college tuition and books for employees participating in its Live Better U education program.
Why it matters: Employees at Walmart and its subsidiary Sam's Club will be eligible to "earn college degrees or learn trade skills without the burden of education debt," the company wrote in a news release.
The price of seafood is soaring, prompting some restaurants to pull items like scallops and crab off the menu completely, Bloomberg reports.
Driving the news: A confluence of factors are causing the price spikes, including congested ports, lack of fishers and truck drivers, coupled with a high demand for seafood at restaurants, per Bloomberg.
Facebook is partnering with a global tech non-profit called Meedan to give its 80+ fact-checking partner organizations access to training from experts in how to handle health and vaccine misinformation, a spokesperson tells Axios.
The big picture: It's part of an expanded effort by Facebook to reduce health misinformation on its platform. The tech giant is facing increasing criticism from the Biden Administration and others that it isn't doing enough to curb misinformation about COVID-19 vaccines.
Snopes, one of the oldest fact-checking websites in the country, has raised over $1.7 million from over 44,400 supporters to help the company fight a series of lawsuits from a former tech vendor.
Why it matters: It's a massive legal battle for a site that employs 20 people. Snopes founder and CEO David Mikkelson says the legal fees account for roughly 20-30% of Snopes' revenues each year.
NBCU News Group is adding hundreds of jobs to its digital organization, led by a major investment in streaming as well as in its "TODAY" show brand, executives tell Axios.
Why it matters: The move is the network's biggest investment in its streaming and digital products since it said it would hire about 70 people in October 2019.
Season two of Apple's hit comedy "Ted Lasso" debuted as one of the most in-demand TV shows in the U.S. and globally over the weekend, according to data from Parrot Analytics provided exclusively to Axios.
Why it matters: The comedy is Apple's first major hit since introducing Apple TV+ in 2019. Unlike many of the popular series taking off on other streaming services, it isn't a super hero show.
Tesla's quarterly results echoed what many other companies have been communicating in recent weeks.
Why it matters: The electric vehicle company has been one of the hottest growth stories of the last few years, with its stock decoupling from the rest of the market as it made shareholders and its CEO Elon Musk billions of dollars wealthier.
The pressure is on for Lucid Motors. Shares of the electric vehicle company closed up more than 10.6% on its first day of trading on Monday.
Why it matters: Lucid has yet to deliver any cars. The company went public by merging with a SPAC, Churchill Capital Corp. IV, in part to get enough cash to start production.
Jobs have always taken people to new cities, states or even countries — ending millions of relationships, or turning them into long distance ones. Telework may be a fix.
Why it matters: Often we made personal relationships remote to prioritize in-person work. Now work could become the part of life that's remote, allowing relationships to get that valuable in-person investment instead.
Since 2016, the four companies involved in the latest opioid settlement — Johnson & Johnson, McKesson, AmerisourceBergen and Cardinal Health — have funneled a combined $100 billion to shareholders through stock buybacks and dividends.
Why it matters: If that's any indication, those companies won't have much trouble paying off a combined $26 billion settlement agreement.
