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Jeff Christensen / AP

Amid an advertiser backlash prompted by accusations of harassment, Bill O'Reilly announced on last night's show that he's taking a vacation. A Fox News spokesperson confirmed to Axios AM that "O'Reilly is on a pre-planned vacation and he will return on April 24th."

CNN's Dylan Byers says that per "O'Reilly spokesperson Mark Fabiani," the vacation is a family trip that was planned in October, including airline and hotel reservations.

Dana Perino is scheduled to fill in for O'Reilly tonight, we're told.

Gabe Sherman in New York mag: "Two highly-placed Fox News sources say 21st Century Fox CEO James Murdoch would like O'Reilly to be permanently taken off the air, while his father Rupert and older brother Lachlan are more inclined to keep him."

This news from Monday's Times looks worrisome for Reilly: "21st Century Fox has enlisted the law firm Paul, Weiss, Rifkind, Wharton & Garrison to investigate at least one accusation of sexual harassment against the Fox News host Bill O'Reilly. ... Wendy Walsh, a former guest on Mr. O'Reilly's show, ... called 21st Century Fox's anonymous hotline last week, prompting the investigation."

Why it matters: "Paul Weiss is the same law firm that conducted an internal investigation into Roger Ailes."

Go deeper

"No-code" miracle for startups

Expand chart
Data: Interactive Advertising Bureau; Table: Axios Visuals

The U.S. has reached a tipping point in its shift from the industrial economy — one that relied on the buildout of hardware — to an information economy that relies on the transfer, storage and implementation of data, according to a new report.

Why it matters: This shift towards a data and information-based economy has allowed more businesses to establish themselves and scale quickly and at a very low cost. As such, the number of jobs created by the commercial internet has more than tripled since 2012.

Amazon's small business shield

Illustration: Aïda Amer/Axios

Amazon is touting the success of small sellers on its platform through the pandemic — and warning that antitrust legislation could jeopardize that success and blow up its open-marketplace model.

Why it matters: As online shopping became a lifeline for both businesses and consumers during the pandemic, Amazon reaped big benefits, but also saw its regulatory risk grow.

The new cold war panic

Illustration: Aïda Amer/Axios

The world has seen a power struggle between nuclear powers before, and has seen those countries inch closer to military conflict. But it's never before seen a cold war between two countries as interconnected — with each other and with the rest of the globe — as the U.S. and China.

Why it matters: Escalating antagonism between the world's two superpowers is likely to hinder global cooperation to fight climate change, divert resources to costly arms and tech races, complicate diplomacy for U.S. allies, and victimize Chinese and American citizens living in each other's countries.