Axios PM

March 17, 2023
☘️ Happy St. Patrick's Day! Today's PM — edited by Noah Bressner — is 593 words, a 2-min. read. Thanks to Sheryl Miller for the copy edit.
✉️ Please join Axios' Niala Boodhoo and Paige Hopkins on Tuesday at 8 a.m. ET in Washington for an event about small business. Guests include Sen. Joni Ernst (R-Iowa), SBA Administrator Isabella Casillas Guzman, and Busboys and Poets founder and CEO Andy Shallal.
- Register here to attend in person.
🚨 Situational awareness: The International Criminal Court issued an arrest warrant for Russian President Vladimir Putin over alleged war crimes in Ukraine. Go deeper.
📺 1 big thing: Sports world shake-up

Illustration: Sarah Grillo/Axios
It's peak season for sports fans: March Madness is in full swing. The NBA and NHL are in the home stretch. Baseball's opening day is around the corner. The Masters begins in 20 days.
- But as cable-era business models unravel, the way Americans watch sports on TV is rapidly changing.
Why it matters: Local sports broadcasts are moving from cable to streaming, but it will likely cost consumers just as much to watch.
- Regional sports networks, looking for new revenue to offset cable losses, are charging fans between $190 and $310 a year.
⚾ What's happening: Diamond Sports Group, the country's largest owner of regional sports networks, filed for Chapter 11 bankruptcy this week, and it's turbocharging the transition.
- Major League Baseball senses an opportunity to play a larger role in how its games are viewed, Axios Pro Media Deals co-author Tim Baysinger writes.
Between the lines: Falling revenue for these networks could eventually impact pay for players on the field.
🥊 Reality check: The NFL, which dominates sports viewership numbers, largely airs games on broadcast networks, not cable.
2. 🛍️ Consumers' COVID hangover

Illustration: Sarah Grillo/Axios
After three years, the pandemic has transformed how, where and when Americans shop and eat, Axios' Kelly Tyko writes.
- Consumers have come to love some changes, but have mixed feelings about shorter store hours and QR codes replacing real menus in restaurants.
👏 What's staying: Curbside pickup is now a permanent feature at most large stores.
- Mobile ordering became more popular, and it continues to drive customer loyalty and sales.
- Three years ago, stores started cutting hours. Hours are still shorter.
🛑 What's gone: Social distancing measures and retail mask mandates are unlikely to be reinstated.
- COVID accelerated the slow death of the physical coupon and printed circulars.
🔮 What's next: Stores are doubling down by adding more drive-thru lanes, and they're starting to allow consumers to make returns curbside.
- Keep reading ... What changes do you like and which do you hate? Let us know here.
3. Catch up quick

1. 🇮🇪 President Biden was presented with a bowl of shamrocks by Irish Taoiseach Leo Varadkar, a tradition that began in 1952. Go deeper.
2. ▶️ YouTube is lifting its restrictions on former President Trump's channel after more than two years, Axios' Sara Fischer scooped.
3. 🏦 Silicon Valley Bank's former parent company filed for Chapter 11 bankruptcy protection. Go deeper.
4. 🤖 Get ready for humanoid robots

Human-shaped robots with dexterous hands will be staffing warehouses, tending to the elderly and performing household chores within a decade or so — at least according to a Silicon Valley startup working toward that vision.
- Why it matters: Demographic trends make fully functioning, AI-driven humanoid robots look tantalizingly appealing for businesses, Jennifer A. Kingson writes in Axios What's Next.
🦿Where it stands: Figure 01 — a prototype from a startup called Figure — stands about 5'6" and weighs 130 pounds.
- The company says it will eventually be able to walk, climb stairs, open doors, use tools and lift boxes — perhaps even make dinner.