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📷 Season 2 of "AXIOS" on HBO premieres at 6pm ET/PT on Sunday, June 2 on HBO platforms. 

Check out the Season 2 trailer here

Situational awareness:

  • Alibaba is working with financial advisers to raise $20 billion through a second listing in Hong Kong. The money raised is intended to help "diversify funding channels and boost liquidity." (Bloomberg)
  • Meredith announced it has sold the business of Sports Illustrated, the intellectual property around the magazine, for $110 million to Authentic Brands Group. (Variety)
  • Canadian Prime Minister Justin Trudeau's administration plans to ratify the new North American free trade agreement formerly known as NAFTA. (Financial Post)
  • Huawei says it is reviewing its relationship with FedEx after the company diverted 2 packages addressed to its address in China to the U.S., and attempted to divert 2 more without authorization. (Reuters)

Editor's note: This post has been corrected to show that the wealthiest 10% of households now hold 70% of all American wealth, and held 60% as recently as 2000.