Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Kim Jong Un. Photo: SeongJoon Cho/Bloomberg via Getty Images

North Korean leader Kim Jong Un said his country should prepare for dialogue and especially "confrontation" with the United States, state media KCNA reported Friday local time, per Reuters.

Why it matters: President Biden in May met with South Korean President Moon Jae-in. Both leaders reaffirmed the importance of North Korea's denuclearization.

  • The White House said in April it had reached "a clear understanding​"​ that the past four U.S. administrations' attempts to denuclearize North Korea — an approach with both dialogue and sanctions — had failed.
    • Biden will pursue "a calibrated, practical approach that is open to and will explore diplomacy" with North Korea​.

What they're saying: Kim laid out an "appropriate strategic and tactical counteraction" regarding the U.S., according to KCNA reports.

  • "The General Secretary stressed the need to get prepared for both dialogue and confrontation, especially to get fully prepared for confrontation in order to protect the dignity of our state and its interests for independent development."
  • Doing so will "reliably guarantee the peaceful environment and the security of our state," KCNA added, noting that Kim emphasized the need to foster a "favorable external climate" for the country's own plans.

Go deeper

6 mins ago - Technology

Ad boom rains billions on Big Tech

Data: Company filings; Chart: Axios Visuals

Advertising growth was the chief driver of tech's blowout quarter, as the economy snapped back from the pandemic and a long-term shift to digital went into overdrive.

By the numbers: Facebook, Snapchat, Twitter, LinkedIn, YouTube and Google all posted record ad revenue growth rates in earnings reports for 2021's second quarter.

Updated 9 mins ago - Sports

The Olympic events to watch today

Suni Lee on the uneven bars during the women's gymnastics team final. Photo: Berengui/DeFodi Images via Getty Images

5 events to watch today...
  • 🤸‍♀️ Women's gymnastics: Team USA’s Suni Lee and Jade Carey will compete in the individual all-around. Carey replaces Simone Biles, who pulled out of the event for mental health reasons. Coverage starts at 6:50 a.m. ET on nbcolympics.com (watch the replay at 8 p.m. ET on NBC).
  • 🏐 Women’s volleyball: The women’s team, who is 2-0 in pool play, will meet Turkey at 8:45 a.m. ET on USA Network.
  • 🏊 Swimming: Finals in the women’s 200m breaststroke and 100m freestyle, as well as the men’s 200m backstroke and 200m individual medley. Coverage starts at 9:30 p.m. ET on NBC.
  • 🚲 BMX racing: Live coverage of the men and women’s semifinals and finals starts at 10 p.m. ET on CNBC.
  • 🏃‍♀️ Track and field: Round 1 of the women’s 100m race begins at 11:15 p.m. on NBC.
Felix Salmon, author of Capital
20 mins ago - Economy & Business

Get ready for more debt ceiling drama

Illustration: Aïda Amer/Axios

It was bliss while it lasted — which was exactly two years. Right now, the U.S. has no limit on the amount of debt it can issue. But that ends on Saturday.

Why it matters: Brace yourself for another round of unedifying posturing and brinkmanship, all of which should result — after a period of entirely unnecessary fiscal contortion — in the debt ceiling being raised (not abolished) sometime this fall.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!