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Photo: Mark Wilson/Getty Images

Fox Corp., formed from the leftovers of Disney's acquisition of 21st Century Fox, added former House Speaker Paul Ryan to its board of directors on Tuesday, per Variety. Fox Corporation was established as a stand alone company Tuesday. The close of the 21st Century Fox and Disney transaction will happen on Wednesday.

Our thought bubble, Per CNN, Paul Ryan and Rupert Murdoch "have been friendly for many years," with Murdoch naming Ryan as a 2014 presidential candidate that he had "particular admiration for."

The big picture: Disney is set to acquire 21st Century Fox just after midnight on Wednesday. Everything that Disney isn't taking — like Fox Sports and Fox News — will be allocated into Fox Corp, led by Rupert Murdoch's son, Lachlan, who formerly served as the executive chairman of 21st Century Fox.

  • The new company is different from most of the entertainment assets that Murdoch sold to Disney for $71 billion, which largely include content that can be viewed on-demand and whose revenue is largely international.

Go deeper: Fox News' close ties to the president have put the network on the brink

Go deeper

Dion Rabouin, author of Markets
33 mins ago - Economy & Business

Biden's inflation danger

Illustration: Sarah Grillo/Axios

President-elect Joe Biden's $1.9 trillion stimulus proposal has economists and bullish market analysts revising their U.S. growth expectations higher, predicting a reflation of the economy in 2021 and possibly more booming returns for risk assets.

Yes, but: Others are warning that what's expected to be reflation could actually show up as inflation, a much less welcome phenomenon.

Ina Fried, author of Login
2 hours ago - Technology

CES was largely irrelevant this year

Illustration: Sarah Grillo/Axios

Forced online by the pandemic and overshadowed by the attack on the Capitol, the 2021 edition of CES was mostly an afterthought as media's attention focused elsewhere.

Why it matters: The consumer electronics trade show is the cornerstone event for the Consumer Technology Association and Las Vegas has been the traditional early-January gathering place for the tech industry.

The FBI is tracing a digital trail to Capitol rioters

Illustration: Sarah Grillo

Capitol rioters, eager to share proof of their efforts with other extremists online, have so far left a digital footprint of at least 140,000 images that is making it easier for federal law enforcement officials to capture and arrest them.

The big picture: Law enforcement's use of digital tracing isn't new, and has long been at the center of fierce battles over privacy and civil liberties. The Capitol siege is opening a fresh front in that debate.