Today's newsletter has 1,320 words, the most surprising of which is Claris. It's a 5-minute read.
Illustration: Rebecca Zisser/Axios
In releasing its first half results last week, Huawei touted a "robust" 23% increase in year-over-year revenue. However, the reality for the Chinese tech giant is that a number of pieces of its business are suffering thanks to U.S. pressure and sanctions.
The big picture: The U.S. has added Huawei to a list of entities with whom U.S. firms are generally banned from doing business. But the Trump administration has delayed some of the impact of its ban and also suggested it will allow U.S. companies to seek exemptions so long as national security is not threatened. It remains unclear what will and won't be allowed.
Driving the news: Huawei took the unusual step of releasing aggregate results for the first half of the year, rather than detailing second quarter performance. But since the company touted 39% growth in the first quarter, it's clear that its business took a substantial hit in the second quarter.
What's next: Huawei is preparing for a tough couple of years as it figures out what, if any, U.S. components it can count on and makes alternate plans as necessary.
Yes, but: Huawei is quick to point out the impact the ban is having on the U.S. companies that supply it with goods.
Between the lines: One thing both Huawei and its critics seem to agree on, at least publicly, is that it would be better if the U.S. focused on its national security concerns with Huawei rather than sweeping the firm up in the larger trade conflict.
My thought bubble: That might be Huawei's public position, but the company's best chance to avoid tight restrictions is likely to be through a broad trade settlement.
Claris CEO Brad Freitag. Photo: Claris
Apple is using a new acquisition as an opportunity to rebrand its FileMaker unit, reaching back to its distant software past and adopting the name Claris.
Driving the news: Apple announced it's buying Stamplay, a small Italian company that helps automate business processes.
Why it matters: Most people don't know that Apple still owns FileMaker or what that unit does these days. A new name won't change that on its own.
History lesson: For those under 40, Claris was the name of Apple's first software spinout, dating back to 1986. It later brought the bulk of its software work back in-house and renamed the subsidiary FileMaker after its database product.
What's next: "We have funding to do the things we need to do," Claris CEO Brad Freitag said. "Acquisitions are a possibility."
Advocates who say that companies like Apple lock users into costly repair arrangements are trying to influence a growing debate in Washington over whether giant tech firms have become monopolies.
Why it matters: The issue has gotten less airtime than concerns about Apple's iOS App Store, but it's another possible point of scrutiny for regulators as they look at broader concerns over Big Tech's market power, Axios' David McCabe reports.
Flashback: For years, activists for so-called "right to repair" have raised concerns about technology companies making it impossible for customers to go to anyone other than the manufacturer if they wanted to get their gear repaired, or restricting repairs to merchants that have the manufacturer's blessing.
Driving the news: In letters and testimony submitted to the record for a House Judiciary Committee hearing, right to repair advocates pressed their case that restricting who gets to repair a device is a way of gaining a competitive edge.
What they're saying: ""We want to make sure our customers always have confidence their products will be repaired safely and correctly, and in a way that supports recycling," an Apple spokesperson said in a statement, adding the company recently added U.S. Best Buy stores as authorized service providers.
The big picture: The House Judiciary Committee antitrust subcommittee's inquiry into the market power of major tech platforms is one of many such proceedings in Washington.
Dick Costolo (l) and Adam Bain. Photos: Steve Jennings/Getty Images, Romeo Gacad/AFP/Getty Images.
Former Twitter CEO Dick Costolo and former Twitter COO Adam Bain have launched a San Francisco-based startup advisory and investment firm called 01 Advisors, Axios' Kia Kokalitcheva and Dan Primack scooped yesterday.
The bottom line: Costolo and Bain have been angel investing and advising together for the past couple of years, including in companies like TripActions, but are now formalizing their efforts.
Update: After Dan and Kia's story was published, 01 Advisors disclosed in an SEC filing that it has secured $135 million for a fund targeting a total of $200 million.
You never know what the day will bring. So you might want to stop and watch this. Then, no matter what happens, you will be able to say you saw a baby gorilla learn how to beat his chest.