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Airbnb

A property owner and management company is suing Airbnb, claiming the home-sharing company "deliberately promotes and profits from deliberate breaches of our leases," according to a statement from Apartment Investment & Management Company. The Wall Street Journal first reported the news.

The company has filed lawsuits in California and Florida state courts seeking monetary damages and that the courts prohibit Airbnb from allowing AIMCO's tenants to use its service.

"This attack on the middle class by powerful interests is wholly without merit," an Airbnb spokesperson told Axios.

Between the lines: Although AIMCO's concerns over not being able to vet Airbnb guests and make sure they don't damage its properties or bother other tenants are valid, the financial interest is hard to miss. While Airbnb hosts and the company are making money from home-sharing, none of it makes it to the landlords. So to appease landlords and building owners, Airbnb unveiled last year a program that lets them get data about their tenants' home-sharing activity and a cut of the earnings in exchange for officially permitting tenants to use the service.

Go deeper

Senate Democrats reach deal on extending unemployment insurance

Photo: Alex Wong/Getty Images

Senate Democrats struck a deal Friday evening to extend unemployment insurance in President Biden's $1.9 trillion COVID-19 relief package after deliberating and halting other action for roughly nine hours, per a Senate aide.

Why it matters: The Senate can now resume voting on other amendments to the broader rescue bill.

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.