Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Lou Dobbs on the set of "Lou Dobbs Tonight" in September 2019. Photo: John Lamparski/Getty Images

Fox News has cancelled its business network's “Lou Dobbs Tonight" and will air the program's final show on Friday night, the LA Times first reported.

Why it matters: Dobbs, former President Trump’s favorite TV host, helped promote the baseless assertions of widespread voter fraud in the 2020 election. Conservative-leaning media companies, including Fox, are in the throes of navigating a post-Trump landscape.

The big picture: The cancellation comes after Smartmatic filed a $2.7 billion defamation lawsuit against Fox News, some of the network's hosts — including Dobbs — and members of Trump's entourage for launching a "disinformation campaign" against the company.

What they're saying: "...FOX News Media regularly considers programming changes and plans have been in place to launch new formats as appropriate post-election, including on FOX Business — this is part of those planned changes," a Fox News Media spokesperson told Axios.

  • “Lou Dobbs is and was great,” Trump said in a statement, per the New York Times. “Nobody loves America more than Lou. He had a large and loyal following that will be watching closely for his next move, and that following includes me.”

The state of play: Instead of Dobbs' show at 5 p.m. and 7 p.m. EST on the Fox Business Network, the slots will be filled starting Monday with "Fox Business Tonight," which will be hosted by Jackie DeAngelis and David Asman on a rotating basis.

  • Dobbs, 75, remains under contract at Fox News.

Go deeper: The right-wing media decoupling

Go deeper

Smartmatic files $2.7 billion lawsuit against Fox, Rudy Giuliani, Sidney Powell

Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Voting company Smartmatic on Thursday filed a $2.7 billion defamation lawsuit against Fox News, some of the network's top hosts, Rudy Giuliani, and Sidney Powell for starting a "disinformation campaign" against the company.

Why it matters: This is the second voting company to file a lawsuit against Giuliani and Powell, following Dominion Voting Systems' two $1.3 billion defamation lawsuits against the pro-Trump lawyers.

Mike Allen, author of AM
14 mins ago - Politics & Policy

Biden adviser Cedric Richmond sees first-term progress on reparations

Illustration: "Axios on HBO"

White House senior adviser Cedric Richmond told "Axios on HBO" that it's "doable" for President Biden to make first-term progress on breaking down barriers for people of color, while Congress studies reparations for slavery.

Why it matters: Biden said on the campaign trail that he supports creation of a commission to study and develop proposals for reparations — direct payments for African-Americans.

Cyber CEO: Next war will hit regular Americans online

Any future real-world conflict between the United States and an adversary like China or Russia will have direct impacts on regular Americans because of the risk of cyber attack, Kevin Mandia, CEO of cybersecurity company FireEye, tells "Axios on HBO."

What they're saying: "The next conflict where the gloves come off in cyber, the American citizen will be dragged into it, whether they want to be or not. Period."