Axios

Elizabeth Holmes, the founder of failed blood-testing startup Theranos, must complete her 11-year prison sentence, after a U.S. appeals court on Monday upheld her conviction for defrauding investors.

The big picture: This was always a long-shot appeal, with Holmes' attorneys arguing that trial judge had made errors.

Denny's is temporarily adding an egg surcharge at some of its restaurants because of the nationwide egg shortage and increased prices, the chain confirmed to Axios Monday.

Why it matters: The bird flu has ravaged the nation's supply of eggs, leading to shortages and higher prices at grocery stores and restaurants.

Before the 2025 Academy Award winners are announced, watch the nominated films in theaters and on streaming.

State of play: Axios used Streamline to find where to watch movies nominated for best picture, best documentary feature and best animated feature.

The federal agency that sent out an email over the weekend asking workers what they accomplished last week can't fire those workers for not responding, claims an amended lawsuit filed Monday on behalf of federal employees.

Why it matters: It's the latest potential legal stumbling block for DOGE and Elon Musk's slash-and-burn workforce strategy.

Bankrupt arts and crafts retailer Joann will close all of its stores, after its restructuring plans faltered and a liquidator agreed to buy its assets.

Why it matters: Joann had about 800 stores and 19,000 employees when it filed for Chapter 11 bankruptcy protection in January, including 15,600 part-time workers.

The new administration's policies appear to be weighing on purchasing plans, hiring intentions and hopes of lower inflation, according to recent survey data.

Why it matters: In the immediate aftermath of the election, markets rallied and businesses celebrated the dawn of a friendlier era for regulation. Now, tariff threats look to be putting a dent in the economic outlook of consumers and businesses.

It's been 16 months since H.I.G. Capital and Audax Group sued each other, in a case that could pierce a "corporate veil" that private equity uses to shield itself from liability.

The big picture: Settlement talks remain possible, given that a trial wouldn't likely commence until 2026, but each side appears to be getting more entrenched.

Prosus on Monday announced an agreement to buy food delivery company Just Eat Takeaway for €4.1 billion in cash.

Why it matters: This would make Prosus the world's fourth-largest food delivery company, per ING analysts, even though no one has ever opened a "Prosus" app to get their burrito.

Starbucks announced Monday that it is cutting more than 1,100 jobs and outlined some of the "less popular beverages" being removed from the menu.

Why it matters: The coffee giant under CEO Brian Niccol has been moving to return to its roots to try reversing a decline in foot traffic and sales.

Russia's invasion of Ukraine upended global petro-flows — maybe forever — but the effects on low-carbon transition are tougher to parse.

Why it matters: Monday marks three years since the launch of the attack. Here are some effects within energy circles ...

The Trump administration's big cuts to the federal government are hitting one group particularly hard — the country's veterans.

Why it matters: Many of those who've served in the military derive a sense of purpose and belonging from their government work — viewing it as a way to serve their country and help their peers outside of active duty.

Multiple agencies and unions have told federal workers not to respond to a new email demanding that they account for their work over the last week — despite Elon Musk's threat they'll lose their jobs if they don't.

Why it matters: As much as Musk's DOGE effort has disrupted the federal government so far, there's been relatively little tangible internal pushback — until now.