Dairy Queen is the most dominant ice cream chain in 74% of U.S. counties, according to an Axios analysis of Yelp data — but strong regional preferences can make other chains win out.
The big picture: It’s a good weekend to get some ice cream. The price of ice cream is dropping with inflation, and many businesses (including Dairy Queen) will offer discounts for National Ice Cream Day on Sunday.
Llion Jones is about to depart Google, which means all the authors of the internet giant’s seminal “Attention is all you need” paper on artificial intelligence will have left — and nearly all have started their own venture-backed companies.
Why it matters: Like other cohorts that decamped from big technology brands to start their own ventures, it appears the era of “AI mafias” is now upon us.
Elon Muskis suing Twitter's former lawyers, Wachtell, Lipton, Rosen & Katz, saying that the $90 million they charged the company was excessive.
Why it matters: The suit sheds light not only on the enormous fees that can go to sell-side M&A lawyers, but also on the enormous value those lawyers can provide.
Corporations are likely to face potential penalties on withdrawing cash from money-market funds during a crisis, according to a new proposal from the Securities and Exchange Commission.
Why it matters: Large corporations keep enormous sums of money in money-market mutual funds — MMMFs — since they have far too much cash to be covered by FDIC deposit insurance.
The Icon of the Seas is a 2,805-room cruise ship sleeping up to 7,600 guests serviced by 2,350 staffers. It has more than 20 restaurants and 15 bars, as well as seven pools (including one "suspended infinity pool"), six waterslides, a theater, and everything else you expect to find in a resort destination.
The White House needs acting Labor Secretary Julie Su to stick around this summer, as labor strife across the country continues to intensify.
Why it matters: Su was instrumental in averting a West Coast port worker strike in June — both labor and business groups gave her accolades — and will likely play a key role in the coming season of high-stakes union negotiations.
Expect to see more pops of pink in U.S. homes as Barbie drives the summer of nostalgia.
Why it matters: Post-pandemic, there's a "pent-up desire to just have some fun," Laurie Pressman, vice president of the Pantone Color Institute, tells Axios.