Axios

Eve Air Mobility, backed by Embraer, plans to land certification for its electric vertical takeoff and landing aircraft by December 2028.

Why it matters: With one of the world's largest aircraft manufacturers in its corner, Eve has a potentially significant advantage in the race to commercialize electric air taxis.

Netflix plans to lay off 6% of its global workforce, or roughly 1,000 employees, in an effort to better position itself for future investments, its co-CEOs told employees Wednesday.

Why it matters: Co-CEO Ted Sarandos acknowledged last month in a Bloomberg interview that the company is not growing as fast as he would like.

Venture capital firm Andreessen Horowitz has laid off the majority of a 34-person team that helps portfolio companies recruit talent, Axios has learned from multiple sources.

Why it matters: Andreessen Horowitz is one of the largest and most active investors in Silicon Valley, and this is one of the key "value-add" services that it markets to tech founders.

France is grappling with a barrage of crises right now, including destructive fires in Paris, hackers rattling supermarkets, widespread student protests and a significant national debt.

Why it matters: The chaos in France comes as the country faces pressures also affecting the U.S. — rising costs from the Iran war and a ballooning national deficit ahead of an election.

Dr. Eva Riesenhuber, Executive Vice President & Global Head of Sustainability at Siemens, recently joined Axios publisher Nicholas Johnston for a View from the Top conversation as part of Climate Week and the UN General Assembly.

The big question is ... do you believe it can fly?

State of play: Elon Musk is expected to reveal the long-awaited Tesla Roadster at an event Thursday in Texas, about nine years after first teasing that it will use rocket technology to lift off the ground in some capacity.

Getting comms leaders into the executive meeting may be the easy part — getting the rest of the company to act on their advice is harder.

Why it matters: The reputational risks corporate affairs leaders have to manage often originate in business decisions about products, jobs, technology and public policy.

• But spotting those risks early is only valuable if the business is willing and able to do something about them.

Investment into AI is taking up a lot of the oxygen in the U.S. markets, and Wall Street's worries over its crowding-out effect appear to be spreading.

Why it matters: The surge of money flooding into this one sector is helping drive up borrowing costs for everyone — from the U.S. government to non-AI businesses to everyday Americans who face ever-higher rates for mortgages and auto loans.

Semiconductor stocks are the clear winners in terms of profiting from the AI buildout, with their results a key to the market's climb this year.

Why it matters: Strong earnings growth is a core reason stocks have been able to stand up to the surge in interest rates over the last few months.

The deployment of AI tools within health care could create a best-of-all-worlds system. But without coordinated intervention by both government and industry leaders, AI is likely to make the U.S. health sector even more expensive and wasteful, concludes a new Peterson Health Technology Institute report provided first to Axios.

Why it matters: The promise of AI in health care is likely to go unrealized without a radical rethinking of health care regulation and payment systems.