Soaring gas prices across the country are out of the White House's hands, Transportation Secretary Pete Buttigieg said on ABC's "This Week" Sunday as he rebuked oil company executives for not upping production.
Driving the news: Gas prices have continued surging and look headed for $5 a gallon nationwide, writes Axios' Matt Phillips.
The challenges of remote work are getting harder and harder to ignore, as employees and bosses alike grapple with the realities of indefinite separation from the office.
The big picture: A growing number of corporate executives want to put an end to the work-from-home revolution. But workers have gotten used to the flexibility, and they have the leverage to demand it.
There is a simple workplace principle at Axios that increasingly spills helpfully into my personal life: Always assume positive intent.
Why it matters: So much misunderstanding, tension and turmoil flows from thinking the other person is a dope, dishonest or out to get you. So stop assuming the worst.
It's shocking how often the explanation is so much simpler and more benign.
Business leaders are suddenly admitting the U.S. economy is faltering.
Driving the news: Figures out Friday show the jobs boom may be starting to lose heat. Meanwhile, a national labor shortage, surging stock prices and a feeling that healthy consumers are no longer guaranteed have contributed to a "muddled" outlook for business leaders, the Wall Street Journal reports.
Abbott Nutrition announced Saturday it restarted specialty infant formula production at its Sturgis, Michigan, facility, which was shut down earlier this year following a Food and Drug Administration (FDA) recall.
Why it matters: The new supply may help ease a critical baby formula shortage in the U.S., though the company said the release of newly produced specialty formula to consumers won't happen until "beginning on or about" June 20.
Marriott International will suspend all of its operations in Russia over the Kremlin's ongoing unprovoked invasion of Ukraine, the company announced Friday.
Why it matters: Marriott, which has operated in the country for 25 years, joins a long and growing list of multinational companies pulling out of Russia in response to the war and international sanctions levied against Moscow.
Institutions don't want to be "world-class" as much as they used to; companies boast less often of being "world-beating." Even the most global competition of all, the Olympics, is losing its luster.
Why it matters: Deglobalization has arrived, and the implications aren't just being felt on earnings calls featuring terrible words like "glocal" or "friendshoring."
