The FBI has created a task force dedicated to investigating Tesla attacks, FBI Director Kash Patel confirmed on X on Monday.
Why it matters: It's the latest step by the Trump administration to use the full weight of the government to both promote and defend Elon Musk's car company.
Hyundai will spend $5.8 billion to build an advanced steel plant in Louisiana, President Trump said Monday, part of a larger $21 billion U.S. investment by the South Korean industrial conglomerate.
Why it matters: The investment comes just days before the Trump administration is set to enact new tariffs, as well as reciprocal levies on countries he says have treated the U.S. unfairly, including South Korea.
Treasury Secretary Scott Bessent and other Trump administration officials argue that the U.S. job market has been overdependent on government and "government-adjacent" fields, making the economy they inherited weaker than it would appear at first glance.
They have a point.
Why it matters: In the cyclical sectors that rely purely on consumer and business demand, job creation has been strikingly weak over the last two years. This raises worries about what could happen to the labor market next.
The Trump administration is expected to soon announce the most aggressive pivot in U.S. trade policy in decades. For a change so big, businesses know surprisingly little about what's coming in mere days.
Why it matters: The fallout might be a scramble to adjust to the new trade normal that could jolt the global economy.
The Federal Communications Commission is threatening to block media mergers based on corporate DEI policies.
Why it matters: This creates new layers of complexity and uncertainty for dealmakers, and reflects how the Trump administration is willing to pull novel levers to end what most CEOs viewed as sensible policies until two months ago.
Genetics testing company 23andMe has filed for Chapter 11 bankruptcy protection and launched a sale process, just weeks after rejecting a takeover offer from co-founder and CEO Anne Wojcicki.
Why it matters: The writing was on the wall when 23andMe's independent directors quit last fall, but it's still stunning to witness the dysfunctional destruction of the rare biotech unicorn to become a household name.
Why it matters: Stocks jumped in early trading after reports that suggested the much-hyped "Liberation Day" might not be as harsh or broad as previously expected.
Why it matters: It's an example of how DOGE cost-cutting could have consequences beyond the targeted agency. In this case, the effects could ripple across the financial system.
The Trump administration's drive to eradicate a small amount of fraud in Social Security is risking the agency's longstanding mission to serve the public, current and former Social Security Administration officials tell Axios.
Why it matters: The DOGE-led effort threatens a system that provides critical benefits to more than 74 million Americans. It's also starting to ignite some political blowback for the Trump administration.
