President Trump said the U.S. would ban Canadian alcohol, some dairy products and large motorcycles, sharply escalating a trade war largely fought with tariffs.
Why it matters: The measures deepen the economic rift between countries that have spent decades interlinking commerce, threatening disruption for businesses and consumers on both sides of the border.
Why it matters: It's an ignominious turn of events for a brash organization that lured some of the biggest stars away from the PGA Tour with enormous paydays that proved to be unsustainable.
Goldman Sachs' chief information officer Marco Argenti says companies shouldn't rule out the use of open-weight models, so long as they followa set of safeguards he shared exclusively with Axios.
The big picture: Argenti is adding his voice to a growing list of executives supporting open-weight models.
Democrats have gained sharply with Latino voters in some of the country's most competitive House districts since 2024, a new Hart Research/TelevisaUnivision poll shared exclusively with Axios shows.
Why it matters:President Trump came close to erasing Democrats' longtime advantage among Latinos in the last presidential election. Now, with control of Congress at stake and Trump's approval ratings hitting newlows, that breakthrough appears to have eroded.
The U.S. is exploring whether Ukraine and Russia could take steps to de-escalate the war during the winter while restarting negotiations toward a broader peace agreement, Ukrainian President Volodymyr Zelensky told Axios in an interview Monday.
Why it matters: The Ukrainian president believes the weeks before winter offer a window for diplomacy. While Zelensky said he's convinced Russian President Vladimir Putin is counting on another brutal winter to weaken Ukraine, he added that Putin doesn't want to antagonize the U.S. president ahead of the midterm elections.
The war in Iran has now cost U.S. consumers $100 billion in higher energy prices, and the bill is rising another $1 million about every two minutes, per a real-time estimate from Brown University as of Monday morning.
Why it matters: Energy inflation shows up across the entire economy, and the recent surge in diesel prices in particular threatens to have a dramatic impact on freight and travel in the weeks and months to come.
