Aerial view of Stockholm with Riddarholmen Island in Sweden. Photo: DeAgostini/Getty Images

Sweden's had a vibrant startup scene for years, but a number of recent large exits have propelled the small Nordic country's industry into a new phase, as VentureBeat's Chris O'Brien has chronicled.

The bottom line: Exits like Spotify's $27 billion public listing and iZettle's $2.2 billion sale to PayPal are sure to add fuel to the new wave of investors and entrepreneurs in Sweden, building on the local industry's growth over the las several years.

By the numbers: Sweden produced 263 exits valued at $23.7 billion between 2000 and 2014, according to a study by Swedish venture capital firm Creandum.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.