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The Empire State Building was lit up orange in October 2017 in support of Amazon HQ2. New York City is one of the top contenders for the new headquarter's location. Photo: Michael Nagle / Bloomberg via Getty Images

A group linked to the Koch brothers is trying to convince young Americans to just say "No" to giving Jeff Bezos a tax break or other incentives.

What they're doing: Generation Opportunity — a right-leaning group for young people linked to the Koch-backed Americans for Prosperity — is running a digital ad campaign that calls big incentive packages for Amazon's second headquarters "sweetheart deals" that are "unfair to taxpayers."

  • The ad is running on Instagram, Facebook and Twitter and will be targeted to 18–38 year olds who are seen as possible supporters of free-market issues. It'll be geographically targeted to the locations that are finalists for Amazon HQ2.
  • The group declined to comment on how much money it would spend on the ads.

The bigger picture: This is another example of skepticism about possible tax deals for the online commerce giant — but that doesn't seem to be slowing down the HQ2 selection process.

Go deeper: Why the tax breaks to lure HQ2 could be significant.

Go deeper

Mind the emissions gap

Illustration: Aïda Amer/Axios

The sprint to secure more stringent emissions reduction commitments ahead of the COP26 summit has petered out well short of the finish line, a new United Nations report out this morning concludes.

Driving the news: The "Emissions Gap" report offers a clear comparison between where emissions need to be to reach the Paris Agreement's goals, and where they actually are. It takes new and preexisting emissions pledges, called Nationally Determined Contributions (NDCs), into consideration.

Exclusive: Billionaires back new media firm to combat disinformation

Illustration: Aïda Amer/Axios

A new public benefit corporation backed by billionaires Reid Hoffman, George Soros, and others is launching Tuesday to fund new media companies and efforts that tackle disinformation.

Why it matters: Good Information Inc. aims to fund and scale businesses that cut through echo chambers with fact-based information. As part of its mission, it plans to invest in local news companies.

Dan Primack, author of Pro Rata
41 mins ago - Economy & Business

Scoop: Sequoia Capital just blew up the VC fund model

Illustration: Aïda Amer/Axios

Sequoia Capital, one of the world's oldest and most successful venture capital firms, is forming a single fund to hold all of its U.S. and European investments, including stakes in publicly-traded companies, Axios has learned.

Why it matters: Venture capital is the money of innovation, but the industry itself rarely innovates. This is a radical exception.