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Axios 06/18/2019 09:52
Love Facebook or hate it, you can't say the besieged company is shying away from new products or big thinking. What's happening: In the past 18 months — amid Cambridge Analytica and all the other scandals — the company has launched bold new moves to help find you a date, to put cameras inside your home and, now, to encourage you to adopt a whole new cryptocurrency. At the F8 developer conference in 2018, CEO Mark Zuckerberg signaled the company would continue to make big bets in the face of criticism when he promised "to keep people safe and to keep building.".
Axios 06/18/2019 09:31
Source: U.S. Soccer via Wall Street Journal ; Chart: Axios Visuals. In the three years after they won the 2015 World Cup, the U.S. women's national team generated more game revenue ($50.8 million) than the U.S. men's national team ($49.9 million), according to audited financial reports acquired by the Wall Street Journal . Why it matters: The women's team's ability to match, and even exceed, the men's team in game revenue (which is made up of mostly ticket sales) is a key factor in their ongoing gender-discrimination lawsuit against the U.S. Soccer Federation. Last month, U.S. Soccer responded to the suit by emphasizing that any alleged pay differential is "based on differences in the aggregate revenue generated by the different teams and/or.
Axios 06/18/2019 08:19
President Trump attacked European Central Bank (ECB) President Mario Draghi in a Tuesday tweet after he signaled that he may lower interest rates as soon as next month, causing the euro to drop against the dollar. The big picture: Trump has been waging a war with his own central bank, blurring the lines of the Federal Reserve’s political independence by calling on it to cut interest rates.
Axios 06/18/2019 06:33
Pfizer's $11.4 billion takeover of Array BioPharma highlights how eager industry titans are to commercialize cancer medications, making cancer the most in-demand pharmaceutical asset outside of gene therapy. The state of play: Big Pharma wants to expand cancer lineups because cancer drugs command huge price tags that health insurers and society usually pay for uncritically. Where it stands:. Merck is acquiring Peloton Therapeutics for $1 billion. Eli Lilly is buying Loxo Oncology for $8 billion. AstraZeneca is paying Daiichi Sankyo upwards of $9 billion for partial rights to an experimental cancer treatment. Bristol-Myers Squibb is trying to complete a $74 billion takeover of Celgene. And all of that is just this year's activity. What we're
Axios 06/18/2019 06:22
Dozens of the world's biggest advertising and content companies, including major tech firms, brands, ad agencies and industry groups, announced Tuesday their commitment to a newly-created alliance to take significant steps to improve digital safety. Why it matters: It’s the biggest and most comprehensive industry effort to date to tackle the ongoing brand safety crisis online.
Axios 06/18/2019 06:00
About a quarter of people behind bars in the U.S. on any given day are there for violating parole or probation, often times because of technical violations such as missing supervision appointments or failing a drug test, according to new data collected by The Council of State Governments Justice Center (CSG). Data: The Council of State Governments Justice Center; Table: Harry Stevens/Axios. Why it matters: Probation and parole are alternatives to incarceration that are designed to help lower the prison population and allow people to more easily integrate back into their communities.
Axios 06/18/2019 05:45
With the iPhone's global dominance waning, there's a growing chorus of skeptics betting that Apple is headed the way of Blackberry and Nokia. Why it matters: While Apple still generates ridiculous cash flow, the nearly $900 billion megacompany's growth is built on its ability to reinvent and dominate entire product categories, which it hasn't done lately.
Axios 06/17/2019 22:49
President Trump tweeted Monday night that Immigration and Customs Enforcement (ICE) will begin deporting "millions" of undocumented migrants next week. ....long before they get to our Southern Border. Guatemala is getting ready to sign a Safe-Third Agreement. The only ones who won’t do anything are the Democrats in Congress. They must vote to get rid of the loopholes, and fix asylum! If so, Border Crisis will end quickly! — Donald J. Trump (@realDonaldTrump) June 18, 2019. Why it matters: There have been more border arrests so far this fiscal year than in any other full fiscal year in the past decade with close to 600,000 migrant arrests. Immigration agencies have been struggling to care for the large numbers of families and children, mostly.
Axios 06/17/2019 20:14
Drone delivery — tied up in regulatory debates and largely nonexistent beyond a few, isolated pilots — hasn't boomed in the U.S. yet, but Amazon and Walmart are placing big bets on unmanned vehicles. The big picture: The hooplah has intensified to the point where a number of upstarts are popping up to offer drone-delivery-in-a-box to the retailers who can't afford to invest themselves.
Axios 06/17/2019 18:35
The U.S. is deploying an additional 1,000 troops to the Middle East in response to "hostile behavior by Iranian forces and their proxy groups" that threaten U.S. "personnel and interests," Secretary of Defense Patrick Shanahan announced Monday. The backdrop: As the Trump administration scrambles to rally an international response to Iran’s alleged covert attacks last week, Tehran is taking a long-feared step in broad daylight — announcing it will breach the 2015 nuclear deal’s limits on enriched uranium in 10 day's time. Shanahan said the U.S. isn't seeking "conflict" with Iran, but would "make adjustments to force levels as necessary given intelligence reporting and credible threats.".
Axios 06/17/2019 15:21
The State Department announced Monday afternoon that it is cutting off any further aid to Guatemala, Honduras or El Salvador until the countries take "concrete actions to reduce the number of illegal migrants coming to the U.S. border.". The big picture: This move has been in the works since March , with President Trump ramping up pressure on the three Central American nations to slow the surge of migrants coming from the Northern Triangle. The State Department will work with Congress to reprogram the hundreds of millions of dollars in aid it provides to Central America elsewhere, according to spokesperson Morgan Ortagus.
Axios 06/17/2019 13:00
The White House has decided not to invite the Israeli Minister of Finance Moshe Kahlon or other Israeli government officials to the Bahrain conference in Manama on June 25, where it plans to launch the economic part of the Trump administration's Israeli-Palestinian peace plan, U.S. officials told me. Why it matters : This is a major setback for the White House's vision for the much-anticipated Bahrain conference, which will now take place without Israeli or Palestinian officials. When the conference was announced, White House officials said Israel would be invited at a high level.
Axios 06/17/2019 12:52
Global population growth is expected to drastically slow by 2100, according to new data from the United Nations Population Division. Why it matters: As Axios has previously reported , population growth is key to maintaining demand for housing, filling jobs yet to be automated, and paying into pension systems pressed by demographic realities and slowing economic growth — among other things. The big picture: Between 1995 and 2000, the population grew by 399 million people.
Axios 06/17/2019 10:26
Sotheby's is being sold. French-Israeli cable mogul Patrick Drahi is paying $3.7 billion for the auction house, which is 60% more than it was worth on the public markets at the close of trade on Friday. Why it matters: Under private ownership, Sotheby's might be better able to compete with archrival Christie's. Drahi won't stop at $3.7 billion in his attempt to equalize the two houses. Driving the news: Drahi is the archetypal cosmopolitan billionaire. A Jew born in Casablanca who is married to a Greek Orthodox woman of Syrian descent, he lives in Switzerland and has French, Portuguese, and Israeli citizenship. He might well become an American too, now that he owns Sotheby's. Background : To follow the history of Sotheby's is in many ways t.
Axios 06/17/2019 09:32
Apple CEO Tim Cook used a Stanford commencement speech yesterday to go after other tech companies, saying "this industry is becoming better known for a less noble innovation — the belief you can claim credit without accepting responsibility," per CNBC . Why it matters: As the national conversation on tech gear-shifts from admiration to regulation, Apple hopes to carve out a safe harbor by positioning itself as a privacy champion. What they’re saying...

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