Fox News chairman and CEO Rupert Murdoch and wife Jerry Hall. Photo: Evan Agostini / Invision / AP

Rupert Murdoch, executive co-chairman of 21st Century Fox, said sexual misconduct allegations at Fox News were "all nonsense," and "largely political because we are conservative," according to Politico.

  • Murdoch told Sky News: "It's all nonsense...There was a problem with our chief executive [Bill Shine], sort of over the year, isolated incidents...As soon as we investigated, he was out of the place in hours. Well, three or four days..And there has been nothing else since then."

Why it matters: TV networks are being rocked by allegations of sexual misconduct, and none moreso than Fox News. This attitude toward such allegations is exactly the opposite of what other networks are trying to encourage, at least publicly. Murdoch said "the liberals are going down the drain," but that not all allegations should be treated with the same merit, Politico reports.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

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 4 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.