J. Scott Applewhite, AP / Kempton. Flickr cc

The New Yorker is pulling out of its annual kickoff party at the W Hotel, per the NYT, and Vanity Fair has withdrawn from co-sponsoring the dinner's swankiest after-party known for its A-list guest list. Graydon Carter, Editor of Vanity Fair, said he canceled the event in rebuke to Trump.

What's next: The New Yorker and Vanity Fair have started the trend, and now other media companies will be asked whether they'll do the same. And last week, late-night comedian Samantha Bee announced she'll be hosting an alternative event the same night as the dinner, emphasizing that all journalists who have been dissed by Trump are welcome.

Trump, who was once brutally roasted by Obama at the dinner in the past, might just decide to just blow it off.

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BP's in the red, slashing its dividend and vowing a greener future

Photo: Ben Stansall/AFP via Getty Images

BP posted a $6.7 billion second-quarter loss and cut its dividend in half Tuesday while unveiling accelerated steps to transition its portfolio toward low-carbon sources.

Why it matters: The announcement adds new targets and details to its February vow to become a "net-zero" emissions company by mid-century.

Women-focused non-profit newsrooms surge forward in 2020

Illustration: Eniola Odetunde/Axios

Women are pushing back against the gender imbalance in media by launching their own news nonprofits and focusing on topics many traditional news companies have long ignored.

Why it matters: "The news business is already gendered," says Emily Ramshaw, co-founder and CEO of The 19th*, a new nonprofit, nonpartisan newsroom reporting at the intersection of women, politics and policy.

The U.S. is now playing by China's internet rules

Illustration: Aïda Amer/Axios

President Trump's crackdown on TikTok suggests that the U.S. government is starting to see the internet more like China does — as a network that countries can and should control within their borders.

The big picture: Today's global internet has split into three zones, according to many observers: The EU's privacy-focused network; China's government-dominated network; and the U.S.-led network dominated by a handful of American companies. TikTok's fate suggests China's model has U.S. fans as well.