Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo by Mehmet Kaman/Anadolu Agency via Getty Images

Twitter has acquired 7-year-old design agency Ueno to help "accelerate the quality and execution of our design and product experiences on Twitter," according to the company's Chief Design Officer Dantley Davis.

The big picture: It's not the first time Twitter has acquired a design agency. The company bought DC-based design agency Nclud in 2012.

  • "As an existing client of Ueno’s, we’ve seen firsthand how innovative and impactful they’ve been to our teams so we’re looking forward to bringing them on and continuing our work together," Davis tweeted.
  • In a memo announcing the deal, Ueno Founder and CEO Haraldur Thorleifsson wrote, "[O]f course I love all our clients but one relationship kept standing out. The work we were doing with Twitter was interesting, it was impactful, it had buy-in from the top and it felt real at a time when the world felt less and less so."

Details: Ueno, a full-service creative design agency, is joining Twitter's design and research teams after having served Twitter as a client previously.

  • Ueno will wind down its agency and finish out existing projects for other clients in the coming weeks before joining Twitter fully.

Go deeper

Twitter pilots feature allowing users to add context to misleading tweets

Photo: Lionel Bonaventure/AFP via Getty Images

Twitter on Monday announced a new feature, called Birdwatch, aimed at combating misinformation and disinformation with a "community-driven approach" that allows users to add context to tweets they believe are misleading.

How it works: The new feature, which is being piloted in the U.S., "allows people to identify information in tweets they believe is misleading and write notes that provide informative context," Twitter's vice president for product Keith Coleman wrote in a blog post.

Fed chair says low interest rates aren't driving stock market prices

Jerome Powell. Photo: ANDREW CABALLERO-REYNOLDS / Getty Images

Federal Reserve chairman Jerome Powell told reporters on Wednesday that rock-bottom interest rates aren't playing a role in driving stock prices higher, while noting that vulnerabilities to the financial system are "moderate."

Why it matters: The statement comes amid unshakeable stock prices and a Reddit-fueled market frenzy — prompting widespread fears of a bubble and the role monetary policy has played in that.

2 hours ago - World

Biden freezes U.S. arms deals with Saudi Arabia and UAE

Trump struck several large arms deals with Mohammed bin Salman (L) and Saudi Arabia. Photo: Kevin Dietsch-Pool/Getty Images

The Biden administration has put on hold two big arms deals with Saudi Arabia and the United Arab Emirates which were approved in the final weeks of the Trump administration, a State Department official tells Axios.

Why it matters: The sales of F-35 jets and attack drones to the UAE and a large supply of munitions to Saudi Arabia will be paused pending a review. That signals a major policy shift from the Trump era, and may herald sharp tensions with both Gulf countries.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!