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Photo Illustration: Omar Marques/SOPA Images/LightRocket via Getty Images

South Korea's LG is weighing whether to exit the smartphone business as it tries to figure out what to do with the money-losing mobile division.

Why it matters: LG's struggles are similar to other big electronics companies that have struggled to gain enough of the business to turn a profit.

Driving the news: Reports LG might be seeking to get out of the smartphone began last week after Korean press reported an internal memo that mentioned the issue. LG basically confirmed as much.

  • "LG Electronics is exploring a variety of options in light of the headwinds facing our mobile business," a spokesperson told Axios. "Any additional comments would be speculation."

Go deeper

Bryan Walsh, author of Future
1 hour ago - Technology

How the automation economy can turn human workers into robots

Illustration: Sarah Grillo/Axios

More than outright destroying jobs, automation is changing employment in ways that will weigh on workers.

The big picture: Right now, we should be less worried about robots taking human jobs than people in low-skilled positions being forced to work like robots.

House passes $1.9 trillion COVID relief package

Photo: Screenshot via C-SPAN

The House approved President Biden's $1.9 trillion COVID relief package on a 219-212 vote early Saturday morning, sending it to the Senate for a possible rewrite before it gets to Biden's desk.

The big picture: The vote was a critical first step for the package, which includes $1,400 cash payments for many Americans, a national vaccination program, ramped-up COVID testing and contact tracing, state and local funding and money to help schools reopen.

13 hours ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."