Frank Franklin II / AP

1. Yahoo's ghost will be called "Altaba"

Yahoo is already preparing for its next life as a holding company. Altaba is a combination of "alternative" and "Alibaba," the Chinese e-commerce company in which Yahoo has a 15% stake.

Why it matters: Yahoo was once an iconic Silicon Valley internet giant. Now it's little more than a funny name and a pile of stock in two Asian companies.

What's next: The Verizon sale still isn't a done deal. Yahoo recently admitted to two massive security breaches, and Verizon is already rumored to be asking for a discount. CEO Marissa Mayer will step down from the board once the sale is final.

2. Snapchat plants a flag in the U.K.

The messaging app's parent company has picked its London office as its international headquarters, an interesting move as the country is in the process of leaving the European Union. Snap Inc. says it picked London because of its strong advertising and media industry, according to Reuters.

Roughly one-third of Snapchat's 150 million daily active users are in Europe, and 10 million are in the U.K.

What's next: Snapchat's IPO is hotly anticipated by investors. It will be the first of a new generation of internet companies, and the first from a social media company since Twitter, whose future as a public company is now looking uncertain.

Go deeper

Filing suggests Manhattan DA is investigating Trump for possible fraud

Photo: Brendan Smialowski/AFP

The Manhattan District Attorney's office suggested for the first time Monday that it's investigating President Trump and his company for "alleged bank and insurance fraud," the New York Times first reported.

The state of play: The disclosure was made in a filing in federal court that seeks to force accounting firm Mazars USA to comply with a subpoena for eight years of Trump's personal and corporate tax returns.

Updated 55 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 18,139,438 — Total deaths: 690,452 — Total recoveries — 10,751,618Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 4,682,461 — Total deaths: 154,965 — Total recoveries: 1,468,689 — Total tests: 56,812,162Map.
  3. Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
  4. Business: Virtual school is another setback for retail — The pandemic hasn't hampered health care.
  5. Public health: Former FDA chief says MLB outbreaks should be warning sign for schools.

House Democrats subpoena top Pompeo aides in probe of IG firing

Mike Pompeo. Photo: Jim Lo Scalzo-Pool/Getty Images

The Democratic chairs of the House Oversight and House Foreign Affairs committees announced subpoenas Monday for four State Department officials as part of their investigation into the firing of former Inspector General Steve Linick.

Why it matters: The two committees, in addition to Democrats on the Senate Foreign Relations Committee, are investigating whether Linick was fired because he was probing Secretary of State Mike Pompeo and the State Department's attempts to bypass Congress to sell weapons to Saudi Arabia and the United Arab Emirates.