Andrew Harnik / AP

Forbes sat down with Eric Trump, who called nepotism "kind of a factor of life" and spoke about the Trump siblings' relationship with their father, especially as it applies to their role in the family business.

  • "We might be here because of nepotism, but we're not still here because of nepotism. You know, if we didn't do a good job, if we weren't competent, believe me, we wouldn't be in this spot."
  • "He's a guy, no matter where it is, he expects people to perform. And if they're not performing, he kind of encourages them to go on their way. You know the one thing, Don, Ivanka and I never let him down really in any factor of life. And I think it's one of the reasons that we're as innately close as we are."
  • "I don't know if he could have done the presidential thing four years ago. Certainly eight years ago, he couldn't have. I think we probably would have been too big of question marks for him. I think in so many of the deals that we've done…hopefully we earned our stripes. And I think that's ultimately why we're in the seat we're in."

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Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 2 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).