Axios

In private, the leaders of some of the country's best-known companies say that a number of White House policies have been bad for their businesses — and possibly illegal, per the results of a survey from Yale School of Management, shared with Axios.

Why it matters: In public, business leaders are keeping relatively quiet, fearing retribution from President Trump — a stark contrast to corporate behavior during Trump 1.0.

Nike's long-anticipated collaboration with Kim Kardashian's Skims is finally set to debut this week, the companies announced on Monday.

Why it matters: The activewear collection's debut is good news for Nike, whose shares have experienced a rollercoaster ride this year, thanks at least in part to turmoil from Trump's trade war.

• It's also a feather in the cap for Skims, which is one of the fastest-growing companies in the world, per Inc., and was last valued at $4 billion in 2023.

The Bureau of Labor Statistics clarified Monday that it will delay the release of a key report until Oct. 30, citing a discrepancy that agency officials are taking extra time to address.

Why it matters: The update comes after the BLS announced last Friday the report would be delayed — but without saying why or until when.

The American dream now carries a $5 million price tag, up from $4.4 million last year, according to an Investopedia report.

The big picture: Milestones like retirement, home ownership and comfortably raising two children are slipping out of reach.

The Johnson & Johnson spinoff that sells Tylenol is defending the medicine's safety profile as it comes under attack from the Trump administration.

Why it matters: The over-the-counter drug is a critical product for Kenvue, anchoring the company's "self-care" segment, which brings in about 42% of its total revenue.

Newly installed Federal Reserve governor Stephen Miran said the central bank should cut interest rates dramatically below current levels to avoid doing unnecessary damage to the job market.

Why it matters: Miran's views show the direction the White House is likely to push the Fed as President Trump appoints more members to its Board of Governors — including a new chair next year.

Nvidia is investing up to $100 billion in OpenAI, creating a powerful alliance in the ballooning AI economy.

Why it matters: Nvidia is the world's most valuable company, with a dominant position in the chips powering the AI revolution, and OpenAI is the innovating force behind market leader ChatGPT.

President Trump is aiming for blockbuster economic growth and a boom in America's manufacturing and AI industries. That might all be undercut by a dearth of workers needed to bring those investments to life.

Why it matters: White House crackdowns on legal and illegal immigration are accelerating the nation's long-running demographic challenges, which could stunt economic growth in the years ahead.

Cardless, a San Francisco-based branded credit card platform, raised $60 million in Series C funding led by Spark Capital.

Why it matters: The long-term bet is that all consumer financial services will mimic credit cards, in that they'll be branded by non-bank businesses and offer loyalty rewards.

The residential real estate market may be cold, but it's getting a very hot merger.

Driving the news: Compass today agreed to buy rival Anywhere Real Estate, whose brands include Century 21 and Coldwell Banker.

The Trump administration has taken several steps that could damage market transparency, presenting challenges for Wall Street investors and economists.

Why it matters: Reduced access to high-quality information will breed inefficiencies and inequity for investors, market participants tell Axios.

The Federal Reserve's first rate cut of 2025 comes amid sticky inflation, putting cash savers in a tough spot: High-yield savings accounts, or HYSAs, could offer less interest as rates drop, while higher prices could also erode the purchasing power of their cash.

Why it matters: Certified financial planners tell Axios that HYSAs aren't dead just because rates are lower. Here's what to consider when deciding how to put your savings to work.

TikTok's new U.S. entity would lease its algorithm from Chinese owner ByteDance under the terms of a proposed deal between the U.S. and China, a senior White House official tells Axios.

Why it matters: There had been some talk that ByteDance would be required to sell the algorithm in order to satisfy a 2024 law that demands TikTok be controlled by Americans or face a ban.

The Trump administration's changes at the Social Security Administration have hurt many disabled and poor Americans, says a report coming out next month.

Why it matters: The findings, based on interviews with 14 benefits specialists, attorneys and others who help multiple people apply for benefits, show how the process is pushing many of the poorest Americans closer to the financial edges: potential homelessness, food insecurity and suicidal ideation.

President Trump and Tesla CEO Elon Musk met during Charlie Kirk's memorial service Sunday in Arizona, some three months after their public falling out.

The big picture: Two of the world's most powerful people were once close allies, but fell out over Trump's "big, beautiful bill," after Musk attacked the president's signature law — prompting the president to suggest he could cancel his former adviser and biggest political donor's government contracts.