Allies of Mike Rogers, Michigan's GOP nominee for the U.S. Senate, have asked AIPAC not to advertise on his behalf, triggering a rupture with the powerful but polarizing pro-Israel group.
Rogers spoke with AIPAC chair Michael Tuchin in Los Angeles last week. The next day, AIPAC shelved an already-cut video ad targeting Rogers' Democratic rival, outspoken Israel critic Abdul El-Sayed.
Why it matters: The extraordinary tension underscores how far AIPAC's political standing has fallen amid voters' anger over the war in Gaza. Even Rogers — a staunchly pro-Israel Republican — fears the group's public support could be a liability in the Nov. 3 election.
Data: National Center for Education Statistics; Chart: Erin Davis/Axios Visuals
America's future college pipeline is growing in the South and shrinking across the Northeast and California.
Why it matters: America's next higher-ed reckoning won't hit regions evenly. Colleges in shrinking markets will face a fierce fight for students, while those in growing regions will have to adapt to serve an expanding, more diverse student body.
As Europe grapples with its own China shock, the U.S. has largely given up on trying to persuade Beijing to change the export-heavy economic model that's helping fuel it.
What they're saying: "We did that for 25 years with our best people, and everything got worse," U.S. Trade Representative Jamieson Greer told Axios in an interview this week, referring to efforts to persuade China to shift toward greater consumption.
The China-fueled economic upheavalthat helped transform American politics is now hitting Europe.
Why it matters: The new strain on European industry is building pressure for the continent to embrace the type of China crackdown it has long resisted.
It is the next big test of whether China's export boom will push other major economies toward the more protectionist approach that the U.S. embraced years ago.
Banca Monte dei Paschi di Siena has offered to buy rival Italian lenders Banco BPM and Banca Generali for a combined €34 billion in stock. The two offers aren't "conditionally linked," which means that either could happen without the other.
Why it matters: Banca Monte has been trying to repel a takeover by Italy's largest bank, Intesa Sanpaolo. This new effort could make Intesa's bid look more anticompetitive.
