Axios

The Trump administration will no longer proceed with a large-scale overhaul of the drug-rebate industry. What Happened Pharmacy benefit managers (PBMs) negotiate a drug discount on behalf of health insurers and collect a commission for themselves as profit. Critics of the system argued it gives...

Jony Ive, Apple Inc. (NASDAQ: AAPL)'s longtime chief design officer, announced his plans on Thursday to leave the iPhone maker to start his own independent design company of which Apple will be a client. Writing Was On The Wall Ive is credited with playing a role in developing new hardware and...

President Donald Trump reportedly plans to nominate former Republican presidential candidate and restaurant executive Herman Cain for a seat on the Federal Reserve Board. Cain, 73, the former CEO of Godfather's Pizza, also is a former director of the Federal Reserve Bank of Kansas City. If...

SmileDirectClub will file for an IPO this summer, according to a report that said JPMorgan will manage the public offering. The company, which provides “invisible aligner” products for teeth straightening, has raised nearly $400 million in capital, Axios reported Thursday. SDC announced...

As it turns out, Tesla Inc (NASDAQ: TSLA) suffered more than growing pains throughout this year’s Model 3 production ramp. It survived a near-death experience. What Happened CEO Elon Musk confessed in a Sunday interview with Axios that Tesla neared collapse this spring and summer. At one...

Amazon.com, Inc. (NASDAQ: AMZN) is making a bid to expand its live sports coverage through an acquisition of Walt Disney Co (NYSE: DIS)'s 22 regional sports networks. What Happened Disney is fielding offers to sell 22 regional sports networks it acquired as part of its recent transaction with...

Broadcom Inc. (NASDAQ: AVGO) in July announced a $19-billion acquisition of CA Technologies (NASDAQ: CA) (formerly known as Computer Associates Technologies) in an attempt to build a leading infrastructure technology company. Earlier this year, President Trump blocked Broadcom's acquisition...

Hospitality service Airbnb provides an online marketplace that allows users to rent out their houses, properties and spare rooms to travelers. The service reported 29 million users in the U.S. and Europe in 2017, and 33 million so far in 2018, according to a study conducted by Statista....

Speaker of the House Paul Ryan has announced his retirement, a decision that has sparked talk that President Donald Trump could be vulnerable to impeachment prior to the 2020 election. With Ryan on the way out the door, some experts say Republicans may have trouble raising money ahead of the...

Facebook, Inc. (NASDAQ: FB) is being investigated by the Federal Trade Commission, but a new report from Axios suggests President Donald Trump is much more concerned with Amazon.com, Inc. (NASDAQ: AMZN). Axios cites five sources who have discussed Amazon with Trump, all of whom describe the...

Social media platforms are hurting your brains, at least according to the founding president of Facebook Inc (NASDAQ: FB) Sean Parker. The 38-year old member of Facebook's startup team told Axios in an interview that he's evolved into "something of a conscientious objector" on...

Benchmark Capital filed a lawsuit against former Uber CEO Travis Kalanick Thursday for fraud, breach of contract and breach of fiduciary duty, an attempt by the venture capital firm to boot Kalanick from his seat on the board. The complaint, filed in Delaware Chancery Court and first reported by...

President Donald Trump is withdrawing from the Paris Agreement, Axios reported in a story quoting sources with direct knowledge of the decision. For his part, the president tweeted he would announce his decision in the coming days, leaving open the possibility for a change of mind. EPA...

“Gig workers” make up almost 34 percent of the workforce, and Recode expects this number to double in four years. Gig workers are the Uber drivers, AirBnB property owners, the freelance writers, the self-employed musicians — the workers who make their own schedule and find their...

Less than a month into Donald Trump’s term in office, there are already countless distinctions between the Trump administration and the Obama administration. Americans are passionately debating the implications of the policy distinctions Trump is drawing on a daily basis. However, Axios...