The Transportation Security Administration screened nearly 2.24 million airline passengers on Friday, marking the highest number of air travelers since the COVID-19 pandemic began.
Crypto venture capital is a different game than traditional venture capital, which isn't something that every participating firm has yet to fully appreciate.
Why it matters: The key is matching the asset class in which you're investing.
A new Morning Consult poll found that nearly 40% of people who traveled for business pre-pandemic predict they'll never take a business trip again. If that's true, it would be a massive blow to the airline industry, which has long used business travel to essentially subsidize fares.
Axios Re:Cap host Erica Pandey is joined by Morning Consult travel and hospitality analyst Lindsey Roeschke to discuss what this poll tells us about the future of air travel.
Plus, a news update on the verdict in the trial of Kyle Rittenhouse.
Taking the stand to close out the first day of her trial’s defense, ex-Theranos CEO Elizabeth Holmes highlighted to jurors some of the due diligence her early investors performed.
Why it matters: Though Holmes was included on her defense’s list of potential witnesses, it was unclear whether she would actually testify.
The story of a group of cryptocurrency traders failing to buy a copy of the Constitution shows just how much of a gulf there still is between the real world and the crypto world.
Driving the news: Hedge fund billionaire Ken Griffin outbid a group of 17,437 donors in an auction at Sotheby's last night, promising to pay $47.4 million for the document.
Infrastructure investors are enthusiastic that Congress finally passed a giant infrastructure bill, but they tell Axios that it won't be a "game changer" for their strategies.
Between the lines: The bill is more of a stamp of approval for what these firms have already been doing.
Public company shareholders no longer need to pick sides when an activist investor tries to assume board control, as either/or votes will look more like mix-and-match.
Driving the news: The SEC yesterday adopted a rule whereby shareholders voting by proxy can pick individual directors, rather than being required to vote for an entire slate of nominees. This will be done via the introduction of what the SEC calls "universal proxy cards."
Sierra Space, a Louisville, Colo.-based commercial space transportation and infrastructure company, raised $1.4 billion in Series A funding at a $4.5 billion valuation.
Why it matters: This is one of the largest VC raises ever for an aerospace company, and moves Sierra Space closer toward its ultimate goal of building a private space station in orbit. In the meantime, it's also working on low-orbit spaceplanes that can deliver cargo and, eventually, crew.
A high-stakes battle over the next bank cop just got shoved into the spotlight.
Driving the news: A crucial hearing yesterday — that was ugly and tense at times — made one thing clear: Saule Omarova's shot at leading one of the nation's most powerful financial regulators may be at risk, with growing opposition from both sides of the aisle.
Supply chain snarls are probably here to stay. That’s not to say that today’s specific challenges won’t abate at some point. But there will be new ones — different from our current variety of chip shortages and a dearth of truck drivers.
Why it matters: Pandemic-driven turmoil may have put supply chains on the public’s radar, but major disruptions were picking up even before COVID — think trade wars, Brexit, and an increasing number of extreme weather events.
Starting today, drones shaped like miniature airplanes will drop packages of 4 pounds or less in customers' yards when they order from a Walmart Neighborhood Market in Northwest Arkansas.
Why it matters: The era of ubiquitous delivery by drone is inching forward, with scattered pilot programs involving pizzas and other light shipments — and the imprimatur of Walmart on this service is a big deal.
Putting together a traditional Thanksgiving meal will cost about 14% more this year than it did in 2020.
Why it matters: Thanksgiving inflation, according to price estimates from the American Farm Bureau, is even greater than the overall increase in the cost of food.
India's Prime Minister Narendra Modi announced Friday that his government will repeal the country's farming laws that were introduced in September 2020.
