Summary: Each weekday afternoon, Axios business editor Dan Primack unpacks the biggest story of the day and why it matters. In 10 minutes, Dan and his guests - global business leaders, influential political operators, and reporters chasing huge scoops - take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app About Dan Primack: Dan is the host of Axios Re:Cap. He is also a business editor at Axios and author of the daily Axios Pro Rata newsletter where he covers the world of dealmakers across VC, PE and M&A. Previously, he was a senior editor at Fortune magazine and Thomson Reuters.
Outbreaks in cities like New York, Miami and Houston have gotten a lot of attention, but coronavirus is hitting rural areas, too, and while it can be easier to socially distance in rural America, it is often harder to get medical care. Georgia-based microbiologist Amber Schmidtke has found that coronavirus-related morbidity is higher in many of Georgia's rural counties than in Atlanta, and she joins Dan to discuss the urban-rural health care divide.
Joe Biden returned to his hometown of Scranton, Pennsylvania today to give his first major speech on economic policy since becoming the Democratic Party’s presumptive presidential nominee. Former U.S. Commerce Secretary Penny Pritzker is a campaign advisor and surrogate, and she joins Dan to discuss Biden's economic plans, how they were developed, and how they may change.
Facebook is currently dealing with the largest ad boycott in its history, with nearly 1,000 brands pulling paid advertising for the month of July. The boycott aims to apply pressure on Facebook to address hate speech on its namesake app and Instagram. After meeting with Facebook CEO Mark Zuckerberg and other top company executives today, four of the boycott's organizers joined Dan on Re:Cap. Rashad Robinson of Color of Change, Derrick Johnson of the NAACP, Jonathan Greenblatt of the ADL, and Jessica González of Free Press discuss why they organized the boycott, what they took from today's meeting, and what comes next.
In the last two days, President Trump and Secretary of State Mike Pompeo warned that the White House was considering shutting down TikTok due to security concerns over its relationship with the Chinese government. That news didn’t go over well, as TikTok has an estimated 800 million monthly active users, 30 million of whom are in the U.S. Dan is joined by John Shahidi, who leads one of the country's top management and studio companies for social media influencers, to talk about TikTok’s success in the U.S. and the business ecosystem flourishing around it.
Earlier today, New York regulators fined Deutsche Bank $150 million for its dealings with Jeffrey Epstein. This came less than a week after the arrest of Epstein confidant Ghislaine Maxwell on sex trafficking charges. Business Insider's Meghan Morris has been investigating Jeffrey Epstein’s financial ties to Wall Street, and she joins Dan to discuss what Maxwell might know about Epstein's business dealings.
Over the weekend, tensions between media and tech escalated because of a dispute that started on Clubhouse and spilled over to Twitter. But the divide between tech and the journalists covering tech has been growing for some time. Dan digs in with investor and entrepreneur Jason Calacanis, who has been on both sides of the tech/media divide.
This morning brought news that the U.S. economy added 4.8 million jobs in June — and an unexpected press conference from President Trump to tout the numbers. But the jobs survey the numbers came from ended before the recent spike in coronavirus cases, and questions abound about how far the economic reality in the country today diverges from that report. Dan digs in with the Washington Post’s Catherine Rampell.
Stephanie Kelton is an economist with rising influence in the Democratic Party who advised the Bernie Sanders campaign and is on a Biden campaign economic task-force. Kelton believes we’re thinking about the deficit wrong and that we should stop framing policy proposals with the question “How will you pay for that?” She joins Dan to discuss the economic theory she’s helped to mainstream.
The chat app Discord announced today that it raised $100 million from venture capitalists at a $3.5 billion valuation. It’s an indication of how far Discord has come and how successful its rehabilitation has been after it was used as an organizing tool for white nationalists in Charlottesville. Now it might provide a model for other social media platforms struggling with content moderation. Dan is joined by Discord co-founder and CEO Jason Citron.
Ben & Jerry’s is one of a number of companies that are pulling ads on Facebook and Instagram for the month of July — but the company will continue to post social justice messaging on social media platforms, even as it applies pressure to these companies to change several of its content policies. Dan digs in with Chris Miller, head of activism strategy at Ben & Jerry's.
Baseball players and owners have agreed to play a shortened season, but there's no guarantee games will actually happen. Dan discusses the prospects for the 2020 season with Boston Red Sox CEO Sam Kennedy. Dan also talks to the CEO of grocery giant Albertsons, which went public today, and to Axios transportation reporter Joann Muller about Amazon’s latest announcement.
Axios Today is a weekday morning news show hosted by Niala Boodhoo. We’re sharing this morning’s episode. For years, some Democrats and Black leaders have called for reparations from the U.S. government for slavery. Axios business reporter Courtenay Brown says reparations may move faster in the private sector, where some corporations are trying to make amends. Plus, our new beer barometer tells us how much people are going out to bars and restaurants during the pandemic. And White House editor Margaret Talev tells us what to expect in the upcoming primaries after watching mayhem in Kentucky. Guests: Axios' Courtenay Brown, Hans Nichols, and Margaret Talev. Credits: "Axios Today" is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Sara Kehaulani Goo, Carol Alderman, Cara Shillenn, Naomi Shavin, Nuria Marquez Martinez and Alex Sugiura. Music is composed by Evan Viola. You can reach us at email@example.com.
In the midst of weeks of #BlackLivesMatter protests, lists of anti-racism books and black-owned bookstores went viral, part of well-intentioned efforts that culminated in a deluge of hundreds of thousands of orders for the same handful of titles. Dan and Danielle Mullen, founder of Semicolon Books in Chicago, discuss her experience as a bookseller who ended up on those lists.
A Justice Department official testified today that Attorney General Bill Barr abused his power by directing investigations of marijuana company mergers that were motivated by a personal dislike of the industry. Dan is joined by Teddy Scott, who led one of the companies cited in the complaint, to discuss what Scott knew about the investigation and when.
Dr. Anthony Fauci is optimistic that there will be a coronavirus vaccine by early 2021, but determining who will get it first will be complicated. Dan discusses what happens once we have a vaccine with Dr. Zeke Emanuel, former White House health policy adviser and chair of the department of medical ethics and health policy at the University of Pennsylvania.