Apr 7, 2018

Kushner set to buy out partner in 666 Fifth Avenue property deal

A view of the Kushner Companies' flagship property 666 Fifth Avenue in Midtown Manhattan. Photo: Drew Angerer / Getty Images

The New York Times reports, citing an SEC filing, that the Kushner family appears to have "struck a deal to buy out" Vornado Realty Trust's stake in the "troubled" 666 Fifth Avenue, a primary piece of its "real estate empire."

Why it matters: How they got the money is unclear. Questions had been raised about Kushner meetings with foreign big shots like Qatar as part of securing the financing. Per the Times, negotiations with foreign entities drew scrutiny because of Jared Kushner's role in his father-in-law's White House.

Go deeper

Sara Fischer, author of Media Trends
1 hour ago - Economy & Business

Media prepares to fact check debates in real time

Illustration: Annelise Capossela/Axios

From live blogs to video chyrons and tweets, media companies are introducing new ways to fact check the presidential debates in real time this year.

Between the lines: The debates themselves are likely to leave less room for live fact-checking from moderators than a traditional news interview would.

Go deeper (3 min. read)Arrow
Marisa Fernandez
1 hour ago - Politics & Policy

Life after Roe v. Wade

The future seems clear to both parties: The Supreme Court will overturn Roe v. Wade in the next few years, either gradually or in one fell swoop, and the abortion wars will move to a state-by-state battle over freedom and restrictions. 

What's new: Two of the leading activists on opposite sides of the abortion debate outlined for “Axios on HBO” the next frontiers in a post-Roe v. Wade world as the balance on the Supreme Court prepares to shift.

Go deeper (2 min. read)Arrow
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Jerome Powell, Trump's re-election MVP

Photo illustration: Annelise Capossela/Axios. Getty Images photos: Andrew Caballero-Reynolds/AFP and Lev Radin/Pacific Press/LightRocket

President Trump trails Joe Biden in most polls, has generally lower approval ratings and is behind in trust on most issues. Yet polls consistently give him an edge on the economy, which remains a top priority among voters.

Why it matters: If Trump wins re-election, it will largely be because Americans see him as the force rallying a still-strong U.S. economy, a narrative girded by skyrocketing stock prices and consistently climbing U.S. home values — but the man behind booming U.S. asset prices is really Federal Reserve chair Jerome Powell.

Go deeper (2 min. read)Arrow