Novo Nordisk is lowering the cash price of its weight-loss drug Wegovy and diabetes treatment Ozempic.
Why it matters: Consumer advocates and policymakers — including the Trump administration and Democrats in Congress — have been pressing for public and private efforts to make GLP-1 treatments more affordable.
The big picture: The checks — a tariff dividend paid to most Americans that comes as the White House deals with an affordability crisis — would likely require Congress to act, Treasury Secretary Scott Bessent said Sunday.
Why it matters: Putting a timetable on the checks is a significant step forward versus just suggesting the idea, which Trump has done multiple times this year.
President Trump said Monday that he will approve the sale of F-35s to Saudi Arabia, making the kingdom the first country in the Middle East other than Israel to obtain the advanced fighter jets.
Why it matters: Saudi Crown Prince Mohammed bin Salman (MBS) is expected to meet Trump at the White House on Tuesday. The F-35 deal, a U.S.-Saudi security agreement and possible normalization with Israel will be on the agenda.
There is new evidence of global pain stemming from President Trump's trade policy, which single-handedly scrambled the world economy.
Why it matters: From China to Switzerland, the economic readjustment to double-digit tariffs has been bumpy. Even with trade deals, the levies imposed on their goods are still well above pre-Trump norms.
Unlike the U.S., most countries do not have an AI investment boom picking up the slack.
Sinclair, the third-largest local broadcast company in the country, has taken an 8.2% stake in E.W. Scripps' Class A shares as it pushes to combine with the smaller broadcaster, according to a new regulatory filing.
Why it matters: The Trump-era Federal Communications Commission has signaled a willingness to roll back decades-old ownership cap rules that prevent large broadcasters from merging.
Red 6 and Boeing are expanding their work together by folding the former's Advanced Tactical Augmented Reality System (ATARS) into the latter's AH-64E Apache Crewstation Advanced Technology Testbed.
Why it matters: The combination could improve U.S. Army training as well as contractor know-how.
Investing platform Public is launching an AI-powered brokerage designed to research, build and manage portfolios, the company shares exclusively with Axios.
Why it matters: Competition among brokerages will likely intensify as firms use AI to make investing easier and stickier for users.
President Trump will dial up his affordability message for an audience of McDonald's owners, operators and suppliers Monday evening, as part of an escalating White House push to take on Americans' economic worries.
"The Biden administration started the affordability crisis, but President Trump will end it so all Americans can achieve economic prosperity," a White House official told me.
Why it matters: The cost of living was a winning message for Democrats in off-year elections earlier this month. And Republicans see new urgency on the issue as they turn to next year's midterms.
All flight restrictions that the Federal Aviation Administration imposed during the record-long government shutdown will end at 6am Monday, the FAA announced.
Why it matters: Thousands of flights were canceled or delayed at 40 airports across the U.S. as the emergency order that the FAA said was in response to "reviews of safety trends and the steady decline of staffing-trigger events in air traffic control facilities" saw routes slashed.
