Illustration: Sarah Grillo/Axios

Xerox agreed to sell its 25% stake in a joint venture with Fujifilm to its Japanese partner for $2.3 billion.

Why it matters: This ends a 57-year partnership between the two companies, and comes after the pair's proposed merger was scuttled by activist investors Carl Icahn and Darwin Deason.

  • As part of the deal, Fujifilm will drop its lawsuit against Xerox over the failed merger.

The bottom line: "Some analysts and investors expected that pressure from the lawsuit could eventually bring Xerox back to the negotiating table. But the two sides publicly disagreed about how much Xerox was worth, with Icahn and Deason arguing a deal would need to value Xerox at $40 a share or more in cash. Xerox shares closed Monday at $34.67." — Cara Lombardo, WSJ

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Harris: "Women are going to be a priority" in Biden administration

Sen. Kamala Harris at an event in Wilmington, Del. Photo: Drew Angerer/Getty Images

In her first sit-down interview since being named Joe Biden's running mate, Sen. Kamala Harris talked about what she'll do to fight for women if elected VP, and how the Democrats are thinking about voter turnout strategies ahead of November.

What they're saying: "In a Biden-Harris administration women are going to be a priority, understanding that women have many priorities and all of them must be acknowledged," Harris told The 19th*'s Errin Haines-Whack.

Facebook goes after Apple

Illustration: Lazaro Gamio/Axios

Facebook is seeking to force a face-off with Apple over its 30% in-app purchase commission fee, which Facebook suggests hurts small businesses struggling to get by during the pandemic.

The big picture: Facebook has never publicly gone after Apple, a key strategic partner, this aggressively. Both companies face antitrust scrutiny, which in Apple's case has centered on the very fee structure Facebook is now attacking.

2 hours ago - World

Exclusive: UAE wants Israel normalization finalized "as soon as possible," minister says

The UAE's Minister of State for Foreign Affairs, Anwar Gargash, told me in an exclusive interview that his country wants to implement its normalization deal with Israel “as soon as possible."

What he's saying: Gargash said he was confident that the U.S.-brokered deal moved Israeli annexation of the West Bank off the table for a “long time.” He also said Israeli tourists would soon be able to travel to the UAE.