Driving the news: Authorities are in the process of identifying the remains and the body was turned over to the county medical examiner and coroner, a Pennsylvania State Police spokesperson told Axios on Monday evening.
Health care’s labor shortage is adding new urgency to the need for new tech.
Why it matters: Americans 65 and older, those most in need of health care services, are expected to outnumber children in the U.S. for the first time by 2030 — just as the health care sector is expected to have a shortfall of more than 200,000 physicians and nurses.
Thousands of Reddit communities restricted user access Monday as part of a coordinated effort to protest the company's new policy to charge developers for access to its backend interface.
Why it matters: The huge influx of subreddits, or channels on the site dedicated to specific topics, shifting to private mode caused the entire site to temporarily crash Monday.
People use computers despite not knowing how they work — so if web3 could be made that useful and that simple, maybe it could be as ubiquitous.
Zoom in: That's Magic's mission — to make web3 useful and easy. Its business is effectively abstracting away the complexities of crypto and NFT ownership for other businesses with software.
Fred Ryan, the longtime media executive and political adviser, will leave his position as publisher of the Washington Post after nine years, he told staff Monday in a memo obtained by Axios.
State of play: Patty Stonesifer, a former Microsoft executive who later served as the founding CEO of the Bill & Melinda Gates Foundation, has been appointed interim CEO of the Washington Post.
It is the Timex economy. Like the wristwatches in those old commercials, it takes a licking and keeps on ticking.
Why it matters: There is a tendency to seize on each piece of worrying news as marking the end of the pandemic recovery. And of course, this expansion will one day end. But it's worth accounting for the almost stubborn resilience of this economy in the face of problems.
May CPI dataout Tuesday is expected to show still sticky underlying inflation, which would pressure the Fed to signal that even if it leaves rates unchanged Wednesday, hikes aren't necessarily done.
Driving the news: Consumers — at least in the near term — continue to believe inflation will recede alongside a resilient labor market, according to the New York Fed's latest survey of consumer expectations, released Monday.
Zume, a Silicon Valley-based robotic pizza-making and delivery startup, has shut down and is liquidating its assets.
Why it matters: The company had raised $445 million in venture capital funding, including $375 million from SoftBank in 2018 at a $2.25 billion valuation.
Activist investors have seen their success rate improve, a jump driven by several factors, including a new SEC policy on shareholder voting, proxy season data show.
Driving the news: The SEC's Universal Proxy Card (UPC) simplified shareholder votes at annual meetings, a change that sparked concern from corporate executives that the new policy makes it easier for activist investors to penetrate corporate boards.
A bill quietly making its way through the New York state legislature could upend the world of sovereign debt investing.
Why it matters: There’s a debt crisis brewing among lower-income nations, and creditor gridlock is prolonging the pain for countries like Zambia and Sri Lanka that need to restructure their unsustainable debt loads.
Fox Newshas sent a cease-and-desist letter to Tucker Carlson as he ramps up a competing series on Twitter that drew a combined 169 million views for its first two episodes, Axios has learned.
Why it matters: The contract battle between Fox and its former top host — who was taken off the air in April, after the network's historic Dominion settlement — has mighty repercussions for the conservative media ecosystem.
Why it matters: From the upcoming "Barbie" movie to a purple McDonald's milkshake honoring the 52nd birthday of Grimace, throwback products and entertainment are huge this year — stirring up memories as they fill corporate cash registers.
Driving the news: Striking Writers Guild of America members reached an agreement with organizers of the 76th Tony Awards not to picket the show, enabling Broadway's big night to be televised on CBS and live-streamed by Paramount+, but without scripted segments.
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