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Canada's looming rail strike poses threat to U.S. supply chains
Labor strikes could shutter Canada's two biggest rail companies, Canadian National (CN) and Canadian Pacific Kansas City (CPKC), as soon as Thursday. Why it matters: A strike would hit Canada's economy, and ripple out into the U.S. — potentially reigniting inflation, just as it's easing and the November election looms.
Scoop: Biden to push Netanyahu to be more flexible on Gaza-Egypt border
President Biden is expected to speak to Israeli Prime Minister Benjamin Netanyahu on Wednesday and urge him to show more flexibility so a hostage-release and ceasefire deal can be reached in Gaza, a source with knowledge of the call told Axios. Why it matters: Their conversation is expected to focus...
Watch Wendell Pierce help cast Louisiana's votes at the DNC
Actor and New Orleans native Wendell Pierce made a surprise appearance Tuesday night at the Democratic National Convention to help cast the Louisiana delegation's votes for Kamala Harris. Why it matters: The DNC turned what is normally a dull and predictable roll call of states into a celebrity-studded event with...
Wild GM optimistic about playoff chances after quiet offseason
Minnesota Wild general manager Bill Guerin was bullish on the Wild's postseason chances at a public taping of the team's official podcast on Tuesday.What they're saying: "They're as good as every other year we've made the playoffs," he told a crowd at Xcel Energy Center."Advancing past the first round — it's doable. We can do it."Reality check: Vegas Insider says Minnesota's an NHL playoff bubble team.The team also hasn't advanced past the first round since 2015.The big picture: Still burdened by huge salary cap penalties, the Wild were quiet in free agency.The Wild's route would take them through legitimate Stanley...
New Jersey Rep. Bill Pascrell dies at 87
Longtime Rep. Bill Pascrell (D-N.J.) passed away on Wednesday at age 87, his office announced. What they're saying: "It is with deep sadness that we announce that Bill Pascrell Jr., our beloved husband, father, and grandfather, passed away this morning," Pascrell's office said in a post on X. "As our...
Harris campaign trounces Trump fundraising in July
Vice President Harris' campaign brought in $204 million last month — four times more than the $48 million that former President Trump's campaign raised in the same span, new FEC filings show. Why it matters: Harris' fundraising exploded in the weeks after she entered the 2024 race. Her cash...
How long you might live based on where you're born, mapped
There's as much as a nearly 10-year difference in life expectancy between U.S. states, a new report finds. By the numbers: Hawaii (79.9 years), Massachusetts (79.6) and Connecticut (79.2) have the longest life expectancy at birth as of 2021, per a new Centers for Disease Control and Prevention analysis. Mississippi...
Camel cigarette owner pays $2.6 billion for Vector Group
JT Group, a Japanese tobacco company whose U.S. brands include Winston and Camel, agreed to buy Miami-based discount cigarette maker Vector Group for around $2.4 billion. Why it matters: American cities may now smell like marijuana instead of cigarettes, but this is a reminder that there's still money to be made in the old smoke.
Scoop: Telehealth company Truepill gets swallowed for $525 million
Digital pharmacy provider Truepill has agreed to be acquired for $525 million by Ireland's LetsGetChecked, Axios has learned from multiple sources. The big picture: Truepill is a telehealth pioneer, but it's no longer a unicorn. Only $25 million of the purchase is in cash, the remainder is in stock, although...
Amazon adds annual grocery delivery subscription option
Amazon is offering a new annual $99.99 grocery delivery plan as an optional add-on subscription for Prime members. Why it matters: Companies have been increasingly adding more options — and surcharges — on top of the regular subscription fees they already charge. The trend comes as consumers are...
A smarter way for countries to restructure their debts
When companies are feeling rich, they buy back their shares. Similarly, when some countries find themselves with more money than they expected, they should buy back their bonds, per a new paper from sovereign-debt experts Lee Buchheit and Greg Makoff. Why it matters: Such a mechanism, if enshrined in bond...
Ford adjusts EV lineup, adds hybrids, to protect profits
Ford is again shifting its electrification strategy — delaying a planned electric pickup truck by 18 months and killing plans for a 3-row electric SUV. Why it matters: After losing billions of dollars on electric vehicles in recent years, Ford now says it won't launch any EVs unless they can be profitable in the first 12 months.
Sammy Hagar wants you to buy his "badass" "rock star" LaFerrari
Rock & Roll Hall of Famer Sammy Hagar will hand over what he told Axios on Tuesday was his "badass" "rock star" LaFerrari to the highest bidder at the Barrett-Jackson Scottsdale Fall Auction in October.The big picture: "Honestly, It's just too much car for me. This is a real race car. This should belong to someone who has great eyesight, great reflexes, about half my age — and very wealthy," Hagar told us before his concert at Talking Stick Resort Amphitheatre.The car will be auctioned off on the eve of his 77th birthday.Flashback: Hagar was one of 499 people invited...
How to navigate Broadway Curve traffic changes
The Arizona Department of Transportation (ADOT) this week debuted the most significant Broadway Curve update yet — and it led to traffic delays and confusion.Why it matters: The Broadway Curve Improvement Project, the largest reconstruction effort in metro Phoenix history, is expected to expand traffic capacity in the area by 60% when completed next year.But with construction in its third year, some drivers are growing frustrated with the frequent closures and configuration changes.State of play: Two new lanes, called collector-distributor or CD roads, opened on the westbound I-10 Monday.These lanes, which can be accessed just south of Baseline Road, are...
Arizona Republicans take the stage at the Democratic National Convention
Two Republicans with Arizona ties, including one who worked for the Trump administration, took to the stage at the Democratic National Convention on Tuesday to urge their fellow GOP voters to back Vice President Kamala Harris in November.The big picture: Stephanie Grisham, who resigned from the Trump administration following the Jan. 6 attack, and Mesa Mayor John Giles received speaking slots at the convention in Chicago on Tuesday.Giles is part of the vice president's Republicans for Harris group and spoke at her rally in Glendale earlier this month.Catch up quick: Prior to joining the Trump administration in 2017, Grisham was...
Atlantic hurricane season's late-August lull won't last
While the tropical Atlantic looks to be quiet through much of the rest of August, predictions of a hyperactive 2024 hurricane season are still on track, forecasters warn. Why it matters: Meteorologists have been unanimous in expecting an extremely active hurricane season, and the majority of storms are likely still to come.
Ukraine targets Moscow with "one of the largest" drone attacks
Moscow faced a siege Wednesday from nearly a dozen Ukrainian drones, the largest such attack on the Russian capital since the start of the war in 2022. Why it matters: It's the latest in a series of surprise offensive attacks sprung by Ukraine as Kyiv looks to build on the momentum generated by its surprise incursion into Russian territory earlier this month.
What Denver schools bond request aims to fix
Denver Public Schools' plan to overhaul its aging facilities will rely on Denver voters this November. The big picture: DPS' Board of Education last week unanimously approved sending a $975 million package to the ballot. Why it matters: It's another crucial decision Denver voters will make about using public money...
Utah lawmakers set to convene for special session, weigh constitutional amendment
The Republican-dominated Utah Legislature plans to convene a special session today to consider placing a constitutional amendment on this year's general election ballot around voter-led ballot initiatives. Why it matters: It comes following a recent Utah Supreme Court ruling that blocks lawmakers from overturning voter-approved gerrymandering reforms. State of play:...
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