Panos Panay via Twitter

Microsoft announced plans for a May 23 event in Shanghai, but offered few details on the topic at hand. However, a tweet from hardware executive Panos Panay suggests a new Surface might be among the products to be unveiled.

"See you in Shanghai. May 23," Panay wrote, adding the hashtags for Surface.

The company this week added a new Surface laptop model but hasn't updated its signature convertible tablet in a while.

Why it matters: While still not the bulk of the Windows PC market, Microsoft's homegrown Surface products have emerged as a key means for Microsoft to promote its operating system and demonstrate its ability to rival Apple.

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"Hamilton" is a streaming hit for Disney+

Data: Google Trends; Chart: Andrew Witherspoon/Axios

The debut of "Hamilton" on Disney+ last Friday sent downloads of the app soaring over the weekend.

Why it matters: With theaters closed until 2021, "Hamilton" is the biggest litmus test for whether Broadway will ever be able to successfully transition some of its iconic hits.

Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/Axios

Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.

Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.

With new security law, China outlaws global activism

Illustration: Eniola Odetunde/Axios

The draconian security law that Beijing forced upon Hong Kong last week contains an article making it illegal for anyone in the world to promote democratic reform for Hong Kong.

Why it matters: China has long sought to crush organized dissent abroad through quiet threats and coercion. Now it has codified that practice into law — potentially forcing people and companies around the world to choose between speaking freely and ever stepping foot in Hong Kong again.