Axios PM

September 13, 2023
🐫 Happy Wednesday! Today's PM — edited by Noah Bressner — is 496 words, a 2-min. read. Thanks to Sheryl Miller for the copy edit.
🚨 Situational awareness: Sen. Mitt Romney (R-Utah) will not seek a second term, likely marking the end of the former GOP presidential nominee's political career. Keep reading ... Watch the announcement.
1 big thing: Washington's $500 billion room

A rare constellation of tech luminaries — think Elon Musk, Mark Zuckerberg and Bill Gates — was summoned to Capitol Hill today for a closed-door Senate summit on AI.
- The room's net worth, according to Forbes: more than $500 billion.
Why it matters: Musk told reporters the meeting "could go down in history as important to the future of civilization."
- He also called for a federal department of AI, CNBC reports.

Zoom in: The summit was designed to put tech leaders and lawmakers together to lay the groundwork for AI regulation, Axios' Maria Curi and Ashley Gold write.
- More than 60 senators showed up to the morning session, organized by Senate Majority Leader Chuck Schumer.
The intrigue: Zuckerberg and Musk — rivals who have discussed fighting each other — were seated on opposite sides of the room.
2. 🚘 Motor City's fork in the road
Illustration: Sarah Grillo/Axios
Two large elephants are dominating the room at this week's Detroit auto show:
- Elon Musk's Tesla and a looming strike that'd start early Friday if the Detroit Three don't reach a deal with the UAW.
Why it matters: For General Motors, Ford and Stellantis, the competitive threat from Tesla heightens the importance of reaching a contract that lets them build affordable electric vehicles, Axios' Nathan Bomey and Joann Muller write.
- This year's Detroit auto show — once a key industry event — will be a lot smaller with fewer participants, The Wall Street Journal reports.
- Tesla has largely ignored auto shows for much of the past decade. This year, the company showed up — displaying one used car and giving rides on a test track along with EVs from GM and Ford.

Zoom in: Automakers say the cost gap between them and Tesla is a big reason why they're struggling to compete with the EV titan.
3. Catch me up


- 💰 Charted: Today's CPI report showed that August was a bad month for ordinary Americans' cost of living, Axios Macro authors Neil Irwin and Courtenay Brown write.
- 🐘 Scoop: Sen. Tim Scott's campaign is pushing the Republican Party to change the qualifying and podium placement rules for the upcoming GOP presidential debates, Axios' Alex Thompson writes.
- ⚖️ A murderer who brazenly escaped from a Pennsylvania jail was captured in the woods by a team of tactical officers after two weeks on the run, AP reports.
4. 🏊 315-mile journey

Lewis Pugh — a 53-year-old British athlete — finished his 315-mile journey to swim the length of New York's Hudson River this morning, AP reports.
- The monthlong swim ended after he reached Battery Park in Lower Manhattan.
Go deeper: Swimming the Lordly Hudson, All 315 Miles of It (N.Y. Times).
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