A new Morning Consult poll found that nearly 40% of people who traveled for business pre-pandemic predict they'll never take a business trip again. If that's true, it would be a massive blow to the airline industry, which has long used business travel to essentially subsidize fares.
Axios Re:Cap host Erica Pandey is joined by Morning Consult travel and hospitality analyst Lindsey Roeschke to discuss what this poll tells us about the future of air travel.
Plus, a news update on the verdict in the trial of Kyle Rittenhouse.
For three months straight, retail sales have been on the rise — despite inflation being up as well. Meanwhile, supply chain issues and consumer demand are leaving some stores with bare shelves.
To understand how all these trends can coexist and what they say about the state of retail, Axios Re:Cap host Erica Pandey is joined by retail industry analyst Neil Saunders.
Treasury Secretary Janet Yellen warned in a letter to lawmakers on Tuesday that the federal government will run out of money to pay its bills as soon as Dec. 15 if the debt ceiling is not suspended or raised.
One idea to ensure the government does not default, even if the debt ceiling is not raised, is to mint a trillion-dollar coin. Yellen has called this a gimmick, but some economists insist it’s a legitimate finance trick that can be used to stave off a default.
Axios Re:Cap host Felix Salmon is joined by former U.S. Mint Director Philip Diehl to discuss the idea behind the trillion-dollar coin and whether it’s remotely likely to be minted in the next month.
Pfizer announced on Tuesday it will allow low and middle-income countries to make and distribute the company’s COVID-19 pill inexpensively. The move is an attempt to increase the global supply in 95 poorer nations.
While the deal helps treat patients, the company has not made the same decision when it comes to its COVID-19 vaccine.
Axios Re:Cap host Felix Salmon is joined by Axios health care business reporter Bob Herman to discuss Pfizer’s decisions and the global ramifications.
Last week brought a spate of updates on SpaceX's programs. There was a major test of its Starship engines, the spacecraft that could someday be used to bring humans to the moon. SpaceX’s Crew2 mission to and from the International Space Station returned safely. And finally, Axios Space reporter Miriam Kramer caught up with SpaceX’s first all-civilian crew about life after space.
Axios Re:Cap host Felix Salmon is joined by Miriam Kramer to unpack what all of these events tell us about SpaceX’s near-term plans, future ambitions and lines of business.
DESCRIPTION: Johnson & Johnson is facing two multibillion-dollar threats from court cases related to its role in the opioid epidemic and allegations its baby powder contained asbestos. To contend with the liabilities, the company is deploying legal tactics used in bankruptcy cases, including a relatively rare type of merger.
Axios Re:Cap host Felix Salmon is joined by David Warfield, a partner at Thompson Coburn and a bankruptcy expert, to unpack exactly what Johnson & Johnson’s latest moves mean for these court cases and bankruptcy law at large.
Wednesday’s release of the Consumer Price Index confirmed that inflation is up, with prices jumping 6.2% in the last year. It’s the largest increase the U.S. has experienced in three decades, and it’s certain to impact not just how consumers are spending but also how they vote.
Axios Re:Cap host Felix Salmon digs into what these numbers could mean and how they might sway consumers and voters with Axios political reporter Hans Nichols.
General Electric was once considered the most valuable company in the world, a conglomerate that spanned industries and was respected specifically for its management prowess.
But over the last two decades, the company has imploded in slow motion. On Tuesday, GE announced it would break into three distinct companies, marking the beginning of the end for the multinational behemoth.
Axios Re:Cap host Felix Salmon is joined by Ted Mann, journalist and co-author of Lights Out: Pride, Delusion, and the fall of General Electric.
The pandemic-era shift towards work-from-home has put an unprecedented demand on housing markets in cities like Charlotte, North Carolina.
Axios Re:Cap host Felix Salmon digs into how this hot housing market dynamic is playing out on the ground, what factors are at play and how they interact with Axios Charlotte reporter Danielle Chemtob.
The pandemic and its impact on the economy have given President Biden a rare opportunity to spend so big it would expand key programs all Americans rely on.
To understand how Biden’s spending packages stack up against FDR’s New Deal of the 1930s, Dwight D. Eisenhower’s notion of the Interstate highway system and Lyndon B. Johnson’s Great Society, Axios Re:Cap host Margaret Talev is joined by historian and author Julian Zelizer.