National

Biopharma divides over China response

Trump's federal grant overhaul plan draws strong pushback

China tests sub-launched missile in Pacific Ocean

Markets

Axios Markets

Investors brace for a glut of oil

A line chart that tracks daily Brent and West Texas Intermediate crude spot prices from July 2025 to July 2026. Brent starts at $71.03 and WTI at $66.66. Brent peaks at $138.21 on April 7, 2026; WTI peaks at $114.58 the same day. Both surge in March-April, then fall near starting levels.

Global crude spot prices 

Data: FactSet; Chart: Matt Phillips/Axios

Vitals

Axios Vitals

Chinese fentanyl makers find new U.S. market in peptides

Why the memory chip boom is a problem

Earnings per share expectations over the next 12 months at select memory chip makers 

Data: FactSet; Note: For non-U.S. companies converted to U.S. dollars; Chart: Matt Phillips/Axios

Axios AI+

OpenAI courts Trump administration as its latest investor

Closer

Axios Closer

Volkswagen is expected to cut 100,000 jobs in landmark downsizing

Tech Policy

China's AI progress strains U.S. alliance pitch

Whats Next

Axios What's Next

Polestar blocked from selling cars in U.S. over national security concerns

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