Illustration: Sam Jayne / Axios
Spotify has acquired Swedish collaborative music-making startup Soundtrap, the latter said on its website. Spotify paid at least $30 million, according to Breakit.
The big picture: As Spotify eyes a public listing of its stock next year (as it has been reported and sources tell Axios), the company has to keep growing its music business beyond streaming existing tracks. This way, it can provide more services, such as music collaboration tools to artists.
Michael Cohen arrives at his Park Avenue apartment on May 21 in New York City. Photo: Johannes Eisele/AFP via Getty Images
President Trump's disgraced former personal lawyer Michael Cohen is heading back to prison after refusing the conditions of his home confinement, according to two people familiar with the situation.
Details: A New York Post report earlier this month placed Cohen out at a restaurant in New York with his wife, while one of the sources said that more broadly he refused to wear an ankle bracelet.
Photo: Xinhua/Liu Jie via Getty Images
The Treasury Department announced Thursday that the U.S. has sanctioned four Chinese Communist Party officials and the Xinjiang Public Security Bureau for human rights abuses against Uighur Muslims and other ethnic minorities in Xinjiang.
Why it matters: The sanctions designations, pursuant to the Global Magnitsky Act passed by Congress in 2016, mark a significant escalation in the Trump administration's response to the Chinese government's detainment of over 1 million Uighurs in internment camps.
Illustration: Aïda Amer/Axios