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A Visa card. Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Visa has terminated its proposed $5.3 billion purchase of Plaid, a San Francisco-based provider of analytics software that connects fintech startups to users' bank accounts, the Justice Department said in a statement.

Why it matters: The DOJ alleged in its civil antitrust lawsuit filed in November to block the merger that Visa is a "monopolist in online debit" and would eliminate Plaid's potential ability to compete in the online debit market.

Go deeper

Jan 14, 2021 - Technology

Google completes Fitbit acquisition

Photo: Dursun Aydemir/Anadolu Agency via Getty Images

Google has completed its acquisition of connected fitness device maker Fitbit, the search giant announced in a blog post Thursday.

Why it matters: Google's successful purchase of Fitbit comes as antitrust regulators around the world scrutinize large tech companies for their acquisitions, past and present.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Carbon emissions are roaring back from COVID-19

Expand chart
Data: IEA Global Energy Review 2021; Chart: Axios Visuals

Global energy-related carbon emissions will surge this year as coal, oil and natural gas consumption return from the pandemic that caused an unprecedented emissions decline, the International Energy Agency estimated Tuesday.

Why it matters: The projected rise of nearly 5% would be the largest since the "carbon intensive" recovery from the financial crisis over a decade ago, IEA said, putting emissions just below their 2019 peak.

1 hour ago - Axios Twin Cities

Jurors resume deliberations as the nation awaits Chauvin verdict

Protesters outside Hennepin County Government Center on the day of closing arguments. Photo: Christopher Mark Juhn/Anadolu Agency via Getty Images

Jurors in the Derek Chauvin trial resume deliberations Tuesday morning as the nation waits for a verdict.

The latest: The 12 jurors met behind closed doors for about three hours Monday before breaking for the night at 8pm.