Ahn Young-joon / AP
Samsung said Wednesday it will build a $380 million plant in South Carolina to build high-end home appliances. The facility should create more than 950 jobs by 2020, and it will make washing machines and other appliances starting next year.
Why it matters: Samsung already has many U.S. subsidiaries and has made several acquisitions here. But in an administration focused on U.S. jobs, the move shows it is also committed to creating manufacturing jobs.
Illustration: Sarah Grillo/Axios
Photo: Rafael Henrique/SOPA Images/LightRocket
The Federal Trade Commission has accused Twitter of using phone numbers and emails from its users to make targeted ads between 2013 and 2019, Twitter said in an SEC filing published Monday.
Why it matters: Twitter estimates that the FTC's draft complaint, which was sent a few days after its Q2 earnings report, could cost the company between $150 million and $250 million. The complaint is unrelated to the recent Twitter hack involving a bitcoin scam.
Illustration: Eniola Odetunde/Axios
If all goes to plan, Christopher Nolan's thrice-delayed "Tenet" will be the first blockbuster to receive a proper worldwide theatrical release amid the coronavirus pandemic at the end of this month.
Why it matters: It'll be playing a $200 million game of chicken, hoping to prove that people across the globe are still willing to trek to theaters to see a splashy new movie.