The Colonial Pipeline provides around 45% of the fuel used between Florida and Maine, transporting over 100 million gallons per day. But over the weekend, a ransomware attack caused the entire pipeline to shut down.
Axios Re:cap digs into what we know about this attack, what it tells us about U.S. energy vulnerability, and what it means for transportation in the short term with energy expert Amy Myers Jaffe.
Economists had been expecting the economy to add nearly 1 million jobs last month but it only added 266,000. This speed bump in the U.S. economic recovery could change the political debate over whether or not to spend trillions of dollars on infrastructure and social services.
Axios Re:Cap is joined by Axios chief financial correspondent Felix Salmon and Axios political reporter Sarah Mucha to dig into what the jobs report says about the U.S. economy and what it means for President Biden’s plans.
The idea of banning menthols was first floated in 2017 by former FDA commissioner Scott Gottlieb. But around 85% of Black smokers prefer menthols, largely due to racially targeted marketing, and this has led to concerns about how enforcement could disproportionately impact Black Americans.
Axios Re:Cap digs into the history of this proposed ban, what enforcement could look like, and when it might go into effect with Gottlieb.
Wednesday morning, Facebook’s Oversight Board recommended the social network maintain its suspension of former President Trump’s account, which has been in place since January 6. But it also said the company must rethink the “indefinite” nature of the ban, throwing the ball back in Facebook’s court.
Axios Re:Cap digs into the board's decision and what’s ahead for Facebook with New York Times technology correspondent Mike Isaac. Plus, how the decision was received by Trump and his associates with Axios national political correspondent Jonathan Swan.
The FDA is expected to authorize the Pfizer vaccine for use in children ages 12-15 next week, a major milestone on the path to getting more Americans vaccinated.
Axios Re:Cap digs into how vaccine trials for children are different, what’s ahead this summer and whether young kids may be eligible for vaccinations before next school year with long-time drug discovery researcher and author of the blog "In The Pipeline," Derek Lowe.
Research shows that 55% of Americans picked up a video game during the pandemic, and by December 2020, the global gaming industry was estimated to have generated $160 billion in revenue that year. Gaming has never been bigger and keeps growing — and that means the stakes of gaming as a digital economy and as a social ecosystem keep getting higher.
Axios Re:Cap is joined by Axios Gaming newsletter writers Stephen Totilo and Megan Farokhmanesh to discuss the launch of their newsletter and why gaming matters now more than ever.
Smartphones, computers, cars and, increasingly, household appliances all run on silicon chips — but the global supply chain isn’t producing enough chips to satisfy demand, creating a shortage that could impact product availability.
Axios Re:Cap digs into what caused the shortage, how it could impact consumers, and how it can be alleviated with Axios chief technology correspondent Ina Fried and Intel’s executive vice president and general manager of its client computing group Gregory Bryant.
Endeavor, which does talent management, streaming, and also live events, went public today — and it could be an avatar for the broader in-person events industry, which is still struggling to rebound. Axios Re:Cap is joined by executive chairman Patrick Whitesell to discuss how Endeavor weathered the pandemic, how they’re approaching the future of in-person events and a recent decision to bring Elon Musk onto the company board.
Elon Musk has formally joined the board of Endeavor, the Hollywood conglomerate whose properties include the William Morris talent agency and Ultimate Fighting Championship, in conjunction with Endeavor's IPO on Thursday.
Why it matters: This is currently Musk's sole directorship for a company that he didn't help create.
President Biden's proposed tax hikes on the wealthy could apply to at least some 2021 earnings, White House economic adviser Heather Boushey told the Axios Re:Cap podcast on Wednesday.
Why it matters: The administration has said it wants to raise income and capital gains rates on the richest Americans to offset new spending, but has not yet specified when it wants those increases to go into effect.