Shannon Bream, who takes over tomorrow as the first woman anchor in 26 years of "Fox News Sunday," said she plans to widen the program's aperture to include education, entertainment, sports and faith.
"I hope what people will see on Sunday morning is not just folks inside the Beltway that they are frustrated with," Bream told me, "but also people around the country that are doing meaningful things, that are bettering their community, that are entertaining Americans in a way that maybe gives them a break from the stresses of their day."
Nearly all important antiquities collections either deliberately or inadvertently include looted material. Finally, much of that material is starting to be repatriated
Why it matters: A recent criminal indictment could give pause to art-world grandees who might have turned a blind eye to evidence of illegal trafficking.
The first rule of meme stocks is that you short them at your peril — no matter how overvalued they might seem, the crowd can always bid them up.
Driving the news: Shares in Digital World Acquisition Corp, or DWAC, sure seem like they're defying gravity right now, even after having fallen 87% from their peak last October.
The world's energy infrastructure is failing, in entirely foreseeable — and foreseen — ways.
Why it matters: For more than a decade, policy wonks urged global governments to take advantage of low interest rates by spending trillions of dollars on making our economies resilient to inevitable climate change. Now, that window of opportunity has closed, and the necessary investments are going to be a lot more expensive.
More than 500 U.S.-based Condé Nast employees across nearly one dozen outlets and the company’s production studio are now unionized after the management agreed to voluntarily recognize their union through a card check agreement brokered by a neutral third party.
Why it matters: With the new agreement, every Condé Nast publication is now unionized with the NewsGuild of New York.
One-click checkout company Bolt is no longer acquiring Wyre, the crypto payments company that it had agreed to buy for about $1.5 billion back in April.
Why it matters: The deal was considered the largest non-SPAC acquisition of a crypto company when it was announced.
The Supreme Court on Friday temporarily blocked an order requiring Yeshiva University to recognize an LGBTQ club.
Why it matters: The Modern Orthodox Jewish college had filed an emergency request claiming that a "government-enforced establishment" of the Pride Alliance club would cause "irreparable harm" to students and the community.
Josh Harris, the Apollo Global Management co-founder who also owns several pro sports clubs, on Friday launched a new alternative asset management firm called 26North.
Backstory: Harris stepped down from day-to-day management at Apollo in 2021, after losing a power struggle tied to a relationship between fellow Apollo co-founder Leon Black and Jeffrey Epstein.
Securities and Exchange Commission Chairman Gary Gensler in a speech on Thursday said the same things he's always said, that most crypto are securities (so they should register) and should follow existing securities law (so they should really register).
Driving the news: While the industry has long called for more guidance on how to comply with the existing regulatory structure, Gensler said more guidance isn't coming. Enough has already been provided, he said, pointing to previous reports and punitive actions.
After months of gloom, the Biden administration is becoming more eager to define — and talk about — Bidenomics.
Why it matters: The White House isn't introducing major new policy proposals. Rather, it's talking about the Biden economic record as something to embrace, suggesting a shifting tone heading into midterm elections and beyond.
The NFT market may have cooled significantly, but companies who turned a big profit in the boom times are ploughing those proceeds back into traditional and new media in order to put eyeballs back on their creations.
Why it matters: NFTs aren't just selling pictures to people who like pictures. Owners place huge expectations on creators to keep driving attention to the collection, because that's what makes the value of their digital items appreciate.
BayPine, a Boston-based midmarket buyout firm led by David Roux (ex-Silver Lake) and Anjan Mukherjee (ex-Blackstone), raised $2.2 billion for its debut fund. It also secured $800 million in co-investment commitments.
Why it matters: This is a pair of tech vets aiming at the wide swath of non-tech companies that have yet to fully embrace digitization.
The Inflation Reduction Act, signed into law last month by President Biden, includes around $370 billion for clean energy development and adoption. But it is not a venture capital fund, despite viral tweets to that effect.
Why it matters: $370 billion is a ton of taxpayer money, and it will deserve a rigorous review that begins from a place of common understanding — rather than from atop a strawman.
Sam Bankman-Fried's venture capital firm FTX Ventures has taken a 30% stake in Anthony Scaramucci's SkyBridge Capital, the companies announced Friday morning.
Why it matters: The agreement further cements FTX and Bankman-Fried as the preeminent dealmaker during this crypto down cycle.
It's not just stocks. A key index tracking global bonds has also reached bear market territory.
Why it matters: Market behavior this year has thrown a wrench in the traditional 60/40 strategy — the idea that if stocks are down, then bond performance will offset the losses, and vice versa.
China's government-influenced currency is tumbling — and it's close to crossing a somewhat sensitive milestone relative to the dollar.
Why it matters: The drop in the value of the currency, officially known as the renminbi but often referred to as the yuan or CNY, is symptomatic of the deep problems facing the world's second-largest economy.
General Motors is introducing an electric version of its top-selling Chevrolet Equinox SUV with a roughly $30,000 base price aimed at families who want an EV but haven't been able to afford one.
Why it matters: A relatively affordable SUV that runs on electrons, not gasoline, could open the floodgates for EV adoption in the U.S., a market that so far has been dominated by $60,000 Teslas.
Some companies are rolling back mandates for employee COVID vaccination — but few are making official public statements about it.
Why it matters: These moves signal that we’ve shifted into a new chapter of the pandemic — and that employers are desperate to get people back to the office.
Facing serious headwinds, Snap CEO Evan Spiegel said Wednesday the company plans to double down on its focus on close visual communications between friends and family, rather than turn its entire business into a TikTok-like feed.
Why it matters: Meta has faced intense user blowback for trying to pivot Instagram to be more like TikTok. Spiegel argues that for Snap to remain competitive, it needs to focus on what makes it different.
Business leaders everywhere are scrambling to reverse work-from-anywhere policies. At Axios, we are not: We are all-in on allowing everyone to work where they choose.
Why it matters: This approach is not without controversy and complications, so I wanted to share this rethinking of work and lifestyle.
A bankruptcy judge approved Thursday the Boy Scouts of America's (BSA) $2.46 billion reorganization plan.
Why it matters: It would enable the BSA to exit Chapter 11 and continue operating while compensating over 80,000 men who allege scout leaders sexually abused them, per Reuters.
The White House is engaging with Senate Democrats about making one last push for an enhanced child tax credit this year — and in return for GOP votes, may dangle support for corporate tax credits for research and development that expired last year, Axios has learned.
Why it matters: Some Democrats see a year-end legislative horse-trade as their last chance to enshrine some version of President Biden’s enhanced child tax credit into law before Republicans take one — or both — chambers of Congress.
