Axios AM

May 18, 2026
☕ Good Monday morning. Smart Brevity™ count: 1,318 words ... 5 mins. Thanks to Noah Bressner for orchestrating. Edited by Andrew Pantazi and Bill Kole.
😷 The World Health Organization declared an Ebola outbreak, caused by a strain of the virus in Congo and neighboring Uganda, a "public health emergency of international concern" after 300+ suspected cases and 88 deaths. Go deeper.
⚡ In a deal that could be announced as soon as today, NextEra Energy values Dominion Energy at about $76 per share, or around $66 billion, making it by far the largest power deal ever. Bloomberg gift link.
1 big thing: Explosion of antisemitism
Antisemitism is so resurgent in U.S. politics that some of the worst hate speech you've ever heard has become a part of day-to-day life for Jewish politicians, Axios' Andrew Solender writes.
- Gone are the days of veiled insinuations and dog whistles. The hate is direct, explicit and shockingly casual, two dozen members of Congress and candidates told Axios.
🏛️ Hatred pours forth in calls and emails to their offices, comments on social media, and has even infiltrated campaign ads.
- Axios reviewed dozens of antisemitic voicemails, letters and emails to the offices of Jewish House members, Democrats and Republicans. "We've crossed the Rubicon," said Rep. Jared Moskowitz (D-Fla.).
- Rep. Max Miller (R-Ohio), whose office has received antisemitic voicemails, told Axios it's not a Republican or Democrat issue: "Both ends of our parties are wackadoos who hate Jews."
Several antisemitic incidents have rocked American politics over the last two weeks:
1. A hard-right PAC backing Rep. Thomas Massie (R-Ky.) ran an ad portraying Jewish donor Paul Singer alongside a Star of David.
- Rep. Seth Magaziner (D-R.I.) called it "the most brazen example of an antisemitic political ad that I have seen in years."
- The ad set off frenzied private discussion among Congressional Jewish Caucus members, with lawmakers rattled about the state of American political discourse, according to multiple sources.
2. William Paul, son of Sen. Rand Paul (R-Ky.), went on an antisemitic tirade directed at Rep. Mike Lawler (R-N.Y.) — who isn't Jewish — at Tune Inn on Capitol Hill on Tuesday evening, according to NOTUS.
- The younger Paul told Lawler that if Massie loses reelection, it's because of "you Jews," calling Jews "anti-American."
- Paul later apologized and said he will seek "help for my drinking problem."
3. A left-wing sex therapist running for Congress in Texas, Maureen Galindo, was revealed to have posted antisemitic rants complaining about what she described as the "Jews who own Hollywood" and "the synagogue of Satan."
- Galindo finished first in a Democratic House primary in March and is now in a runoff.
4. California gubernatorial candidate Don Grundmann, an independent, got a statement published in the state's official voter guide reading in part: "We are 'goyim' (less than human animals/cattle) that they will enslave."
The bottom line: Rep. Josh Gottheimer (D-N.J.) said he's seeing "a level of naked antisemitism, naked Jew hatred … that isn't thinly veiled anymore, it's just direct."
2. 💸 AI's midterm money machine

The chart, from Axios CEO Jim VandeHei's weekly C-Suite newsletter, captures how AI went from irrelevant to dominant in D.C. in one election cycle.
- Andreessen Horowitz and its co-founders have pumped $116 million into the midterms so far — more than any other donor, according to The New York Times (gift link).
📈 If you're a CEO or on a CEO's team: Apply now to join Jim's new Axios C-Suite weekly newsletter.
3. 📱 Trump on Iran: "Clock is ticking"
President Trump told Axios' Barak Ravid in a phone call yesterday that "the clock is ticking" for Iran and warned that if Tehran doesn't come up with a better offer for a deal, "they are going to get hit much harder."
- Why it matters: U.S. officials say Trump wants a deal to end the war, but Iran's rejection of many of his demands and refusal to make meaningful concessions on its nuclear program have put the military option back on the table.
Trump is expected to convene his top national security team in the Situation Room tomorrow to discuss military options, two U.S. officials said.
- Trump spoke yesterday with Israeli Prime Minister Benjamin Netanyahu about the situation in Iran.
👀 Behind the scenes: Trump met Saturday with members of his national security team at his Virginia golf club to discuss Iran, a source with knowledge said.
- Attendees included Vice President JD Vance, White House envoy Steve Witkoff, Secretary of State Marco Rubio and CIA Director John Ratcliffe.
- More from the call.
⚛️ The International Atomic Energy Agency expressed "grave concern" after a drone strike sparked a fire on the edge of the UAE's sole nuclear power plant in what authorities called an "unprovoked terrorist attack." The UAE recently accused Iran of attacks. Get the latest.
4. 📈 Charted: Highest since 2007


Borrowing costs for governments around the world — including the U.S. — are nearing multi-decade highs as investors bet that the war with Iran will keep inflation elevated for longer, Axios' Emily Peck and Courtenay Brown write.
- In the U.S., the yield — effectively the government's interest rate — on the 30-year Treasury bond closed at 5.12%, the highest since 2007 (charted above).
Why it matters: Interest rates that governments pay on their debt can drive the global economy. When rates are low, countries can spend more freely and fuel economic growth.
- But when governments pay more to borrow, costs also rise for companies and consumers taking out mortgages or car loans.
5. 🤖 Scoop: MAGA allies tell Trump to vet AI
A group of more than 60 loyal allies of President Trump is urging him to test and approve the most powerful AI models before they're released, according to a new letter shared first with Axios' Ashley Gold.
- Why it matters: The letter — signed by Steve Bannon and conservative anti-AI activists Amy Kremer and Brendan Steinhauser — puts a vocal faction of the MAGA base at odds with the White House's hands-off approach to AI.
Bannon, a first-term Trump official who hosts the influential "War Room" podcast, has been warning MAGA for more than a year about possible job devastation from AI.
- "This letter takes us next level," Bannon tells Axios. "The letter lays out we must have mandatory testing and government approval."
The letter — organized by Humans First, a conservative group whose tagline is "technology should serve humans … not replace them" — compares AI to nuclear systems and aviation.
- Read the letter, see the signers ... Share this story.
6. ⚖️ Quiet DACA doom
President Trump talks sympathetically about the country's 500,000 Dreamers — but his administration is putting them in the crosshairs for deportation, Axios' Brittany Gibson writes.
- Trump officials are slowing renewals, narrowing deportation protections and ramping up enforcement against some DACA recipients.
The big picture: In Trump's first term, he almost struck a deal to give Dreamers a pathway to citizenship in exchange for border wall funding. The deal never materialized.
- Joe Edlow, Trump's current head of U.S. Citizenship and Immigration Services, the agency overseeing DACA renewals, has called DACA "illegal" and "quasi-amnesty."
👓 Between the lines: Immigration hardliners think the administration is effectively ending DACA while trying to avoid political fallout.
7. 🛳️ America's cruise boom keeps growing
Americans across income levels are flocking to cruise vacations despite economic anxiety, virus fears and broader travel headwinds, Axios' Kelly Tyko reports.
- Why it matters: Cruises are one of the travel industry's most resilient sectors — drawing younger travelers and value-conscious consumers even as other parts of the vacation economy show signs of strain.
🛟 New Bank of America data found cruise spending rose across all income groups in the first four months of 2026, compared with the same period a year earlier.
8. 📚 1 for the road: Epstein reading room

All 3.5 million pages of the Epstein files have been printed, bound and put on display at an art gallery in Lower Manhattan's Tribeca neighborhood, in the "Donald J. Trump and Jeffrey Epstein Memorial Reading Room."
- The files — organized in 3,437 volumes totaling more than eight tons — are located blocks from the jail where Jeffrey Epstein was found dead in 2019, the N.Y. Times' Jesse McKinley notes.
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