Axios PM

June 25, 2026
Happy Friday Jr.! Today's newsletter, edited by Alex Fitzpatrick, is 622 words, a 2Β½-min. read. Thanks to Sheryl Miller for copy editing.
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1 big thing: Radical new electric trucks

Preorders are open for Slate Auto's low-cost electric pickup and SUV, Axios' Joann Muller reports.
- The Bezos-backed startup says it has over 180,000 "reservations" so far, with interested buyers forking over $50 to put their names down. It's $300 for an actual reservation.
- Deliveries are set to begin late this year.
π΅ Slate's spartan two-seat pickup will start at just under $25,000. An SUV version will start at just under $30,000.
- The pickup has a range of 205 miles. It can carry up to 1,550 pounds, and tow up to 2,000.
- What it doesn't have: A radio or touchscreen β or about half the parts found in a typical truck.
π» The Troy, Mich., startup is betting that automakers can profit from affordable EVs by selling customization options and accessories, instead of packing every little feature into the vehicle upfront.
- The "Slate Marketplace" will offer more than 175 accessories for sale β roof racks, stereos, zip-off seat covers, etc.
- The truck even comes unpainted. Buyers can choose from more than 100 wrap colors for $500, or pick their own custom color.
πΈ What we're watching: How many reservation holders turn into actual buyers β and how many pony up for extras.
2. βοΈ Trump gets immigration SCOTUS wins

President Trump notched a pair of Supreme Court wins for his immigration agenda today.
πΊπΈ π²π½ In one major 6-3 decision, the court cleared the way for the Trump administration to revive a policy limiting the number of daily asylum applicants at the U.S.-Mexico border.
- Human rights advocates said it created a crisis as thousands of people settled in unsafe makeshift shelters to await their turn. The Trump administration said it was necessary to deal with a huge increase in applicants. More from Axios' Brittany Gibson.
ππΉπΈπΎ In another ruling, the court allowed the administration to end legal protections for migrants fleeing violence and natural disasters in Haiti and Syria.
- The move exposes hundreds of thousands of people to potential deportation. Go deeper.
Two other headline-grabbing decisions came down today:
- The Court ruled that consumers can't use state courts to sue manufacturers that don't warn about hazards tied to their products.
- And it struck down a Hawaii state law requiring people to get permission to carry guns into stores or hotels.
3. β‘οΈ Catch me up

- π»πͺ At least 164 people are dead after a pair of powerful earthquakes struck Venezuela last night. The 7.5- and 7.2-magnitude quakes injured about 1,000 others and destroyed many buildings. Get the latest.
- π Apple is hiking MacBook and iPad prices, blaming the "rapid expansion of AI data centers" for causing an "extraordinary surge in demand for memory and storage." The company said: "We know this is not welcome news, and we are working tirelessly to find solutions." Go deeper.
- π¦ Have you seen this giraffe? Gracie has been missing for nearly two weeks after escaping from a ranch in the Texas Hill Country. Go deeper.
4. πΊ 1 for the road: Hot new TV tech

Best Buy will be the exclusive national retailer for new RGB LED TVs β a rollout it calls the biggest change in TV tech in over a decade, Axios' Kelly Tyko reports.
- RGB LEDs use thousands of red, green and blue backlights for better colors and contrast, Wired explains.
π€© Incoming Best Buy CEO Jason Bonfig said: "It's not just a spec change β the colors are physically produced differently, and it's something you'll notice immediately."
- Models will start at $999, in sizes from 50 to 116 inches.
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