Andy Burnham is the U.K.'s seventh prime minister in a decade, inheriting an economy constrained by weak growth, high debt and years of political turmoil.
Why it matters: Burnham is promising to remake Britain's economy just as growth has stalled, inflation remains elevated and public finances are stretched.
WASHINGTON – America's next chapter hinges on how it navigates global conflict while sustaining confidence at home, speakers said at Axios House D.C.
Why it matters: As the nation commemorates 250 years of independence, questions about U.S. leadership abroad, public optimism and economic growth are becoming increasingly intertwined.
Axios' Mike Allen, Nathan Bomey, Hans Nichols and Courtenay Brown hosted conversations with Sen. Bill Hagerty (R-Tenn.), Gallup global managing partner Joe Daly, Washington Commanders president Mark Clouse and Rep. Madeleine Dean (D-Pa.). The July 15 event was sponsored by Bank of America.
What they're saying: The Iran conflict won't be a "forever war," Hagerty said.
"The Iranian regime is in shambles right now," he said.
Yes, but: Dean said she believes Israeli Prime Minister Benjamin Netanyahu convinced President Trump "to go to this reckless war of choice in Iran."
She also said she does not trust Netanyahu and thinks he's "lied to our faces" about targeting strategies and casualties in the Gaza war.
Despite global tensions, the "American spirit is alive," Daly said, referring to recent findings from the Milken Center for Advancing the American Dream-Gallup American Dream Study.
"The vast majority [78%] of Americans think that they themselves will achieve the American dream, and they think that it is a worthy thing to strive for," Daly said.
By the numbers: One industry that's experiencing huge economic growth is sports. NFL team valuations have been skyrocketing, with the Seattle Seahawks reportedly being acquired for $9.6 billion.
Zoom in: Clouse said soaring NFL team valuations are sustainable, pointing to the audience demand – 23 of the 25 most-watched telecast programs in 2025 were NFL games.
Content from the sponsor's segment:
In a sponsored conversation, Bank of America chair and CEO Brian Moynihan said consumer spending increased roughly 6% in the second quarter compared to last year, leading him to predict that the economy will grow by at least 2% this year.
"Affordability is a real issue," he said. However, he added, "what people are doing is still spending money, and that's good for the U.S. economy in the broadest context."
Drivers can expect pump shock déjà vu as the national average gas price again climbed over $4 per gallon Monday, as President Trumpappears poised to escalate the war in Iran.
The big picture: Tanker traffic is once again being choked in the Strait of Hormuz after fighting between Iran and the U.S. reignited, with Washington reinstating a naval blockade that could dramatically escalate tensions.
Last week's dramatic showdown over cutting U.S. aid to Israel offered a glimpse into just how profoundly progressive anger is reshaping Democratic politics.
Why it matters: It's not just that the left is winning seats — they're ousting incumbents and instilling panic among House Democrats, who fear they may be next if they don't take a more hostile posture toward Israel.
The U.S. military launched fresh strikes against Iran on Sunday evening, after announcing the death of one American service member and the recovery of another's remains following an Iranian missile strike in Jordan.
The big picture: The deaths underscore the growing toll of the U.S.-Iran conflict as both countries continue military attacks and the risk of further escalation rises.
Data: TicketData.com; Chart: Brad Jennings/Axios. Note: Excludes championship final and third-place match.
Even the "cheap seats" at most World Cup games were expensive, with last-minute prices reaching thousands of dollars for some matches.
The big picture: Get-in prices ranged from just over $300 for a group-stage match in Atlanta to nearly $7,500 for Sunday's final in East Rutherford, N.J.
Oil prices jumped above $90 per barrel Sunday in the first major trading since the deaths of three U.S. service members and escalating Middle East hostilities.
Why it matters: Higher oil prices could quickly translate into more expensive gasoline for consumers and diesel for freight carriers while increasing inflation risks worldwide.
A senior Trump administration official and key adviserare slamming OpenAI head of strategic futures Dean Ball's views on regulation, casting a shadow on the future of the company's relationship with the government.
Why it matters: The criticism targets a former White House architect of the administration's AI Action Plan who now works at OpenAI, potentially complicating the company's relationship with the Trump administration.
The boom that powered semiconductor stocks to record-setting heights just last month is now sputtering.
Why it matters: Chipmakers are the picks and shovels of the AI gold rush, and they are now looking shaky.
A recent selloff, combined with new stress over competition from Chinese open-source AI models, is raising concerns over the durability of the AI trade more broadly.
