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Economics at axios.com

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08

FDA to ban additive used in sodas due to health concerns

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The Food And Drug Administration will no longer allow the use of brominated vegetable oil (BVO) in food products and sodas due to concerns it poses a threat to people's health, the FDA announced Tuesday.

04

Biden says foreign travel meant he "nearly fell asleep" during debate with Trump

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President Biden cited jet lag from foreign trips as he acknowledged his lackluster debate performance against former President Trump during a campaign fundraiser in McLean, Virginia, on Tuesday evening.

03

Skydance and Paramount reach new deal

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Skydance has reached a preliminary deal to purchase National Amusements and merge with Paramount, Axios has confirmed.

02

Scoop: Donors eye Senate, House to hedge against a Biden loss

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Major Democratic donors are now planning to go bigger on contributions to House and Senate candidates in a bid to build a Capitol Hill firewall around a second Trump term that they view as increasingly likely, Axios has learned.

Rep. Lloyd Doggett becomes first Democrat calling for Biden to withdraw as nominee

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Rep. Lloyd Doggett (D-Texas) on Tuesday became the first Democratic member of Congress to publicly call for President Biden to withdraw as the party's 2024 nominee after his disastrous debate performance last week.

01

Scoop: Biden was the "donkey in the room" at House Democrats' vent session

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A pre-planned meeting of House Democrats focused on the party's political messaging devolved into a grievance fest about President Biden, Axios has learned.

Tuesday, Jul 2

00

Jack Smith faces "painstaking process" to keep Trump indictment alive

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Special counsel Jack Smith and former President Trump's lawyers will enter a war of attrition with evidence in the Jan. 6 case to determine what is considered an official presidential act.

22

Lilly's Alzheimer's drug gets FDA nod

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The Food and Drug Administration granted approval to Eli Lilly's Alzheimer's drug, which was found to slow progression of the disease by about a third, the company announced Tuesday.

"Freaking the f*** out": Turmoil in the White House over Biden

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Officials on President Biden's White House and campaign staffs say they're feeling rage, sadness, frustration and resolve over his debate performance and his team's response to it, more than a dozen White House and campaign aides told…

21

Biden faces growing revolt from "frustrated and angry" Democrats in Congress

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President Biden is struggling to contain mounting dissent from Democratic members of Congress that has culminated in a call for him to withdraw as the party's nominee.

19

The Supreme Court decision to rescind agencies' powers could hurt cyber regulations, experts warn

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The U.S. Supreme Court has turned the Biden administration's plans to clean up critical infrastructure's cyber hygiene inside out.

Powell says support for Fed's political independence is "very high"

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Federal Reserve chair Jerome Powell said he is not focused on the possibility that former President Trump might be re-elected and could chip away at the central bank's political independence.

18

Rudy Giuliani disbarred in New York for lying about 2020 election

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Rudy Giuliani, ex-lawyer to former President Trump, on Tuesday lost his license to practice law in New York.

15

Supreme Court rulings hit federal regulators from different angles

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Exactly 30 years ago, a Warren G hip-hop classic opened with the line "Regulators, mount up!" But now the Supreme Court is giving very different signals.

13

Behind the Curtain: Trump's imperial presidency in waiting

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Former President Trump, if re-elected, plans to immediately test the boundaries of presidential and governing power, knowing the restraints of Congress and the courts are dramatically looser than during his first term, his advisers tell us.

12

Supreme Court's Chevron decision limits tech regulation

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The Supreme Court's decision Friday limiting executive branch power also further hobbled U.S. government efforts to roll back Big Tech's power.

White House publishes rule for employers to curb heat illnesses and deaths

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The Biden administration on Tuesday published a new rule for employers that aims to help protect about 36 million workers from heat-related illnesses and death.

Biden raises $127 million in June, including $38M after Trump debate

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President Biden's campaign raised $127 million in June, including $38 million in the four days after his debate with former President Trump, the campaign announced Tuesday.

11

Inside the Biden team's "damage control call" for jumpy donors

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Anxious Democratic donors grilled Biden campaign officials on a Zoom call Monday, pressing Biden's team on how it will deal with new concerns about his fitness for office, according to four donors on the call.

03

Jen Psaki agrees to Afghanistan probe interview

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President Biden's former press secretary Jen Psaki will sit for an interview this month in the House Foreign Affairs Committee's probe into the U.S. military's exit from Afghanistan, according to a letter from her lawyer to the panel…

Scoop: Democrats’ presidential immunity warning

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The Democratic National Committee will take over the digital homepages of three major battleground-state newspapers Tuesday, hitting Donald Trump as a threat to democracy, Axios has learned.

Biden: Supreme Court's Trump immunity case ruling means "virtually no limits" on presidents

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President Biden called the Supreme Court ruling on former President Trump's immunity claims in his federal Jan. 6 criminal case on Monday a "dangerous precedent."

Monday, Jul 1

21

Hunter Biden sues Fox News for disseminating nude photos, videos of him

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Hunter Biden filed a lawsuit against Fox News on Monday, alleging the conservative news outlet violated New York law by publishing nude photos and videos of him without his consent.

20

Barrett, Sotomayor unite on criminal evidence portion of Trump immunity decision

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Supreme Court Justice Amy Coney Barrett split from other conservative justices on the central question of the evidence necessary to prove former President Trump committed crimes as part of Monday's landmark immunity ruling.

19

House Republicans sue AG Merrick Garland for Biden special counsel interview audio

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The Republican-led House Judiciary Committee on Monday sued Attorney General Merrick Garland to force the release of audio tapes of President Biden's interview with special counsel Robert Hur in his classified documents case.

What's next for Trump's criminal cases after Supreme Court immunity ruling

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The Supreme Court's ruling on former President Trump's immunity claims on Monday likely ensures that the federal criminal case stemming from his actions around Jan. 6 won't go to trial before this year's presidential election.

Where the U.S. economy stands halfway through 2024

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The soft landing seems to have stuck, inflation has been frustratingly persistent, rate cuts will be slower to arrive than many thought, and small cracks are showing up in the growth outlook.

18

Steve Bannon arrives at federal prison to begin 4-month sentence

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Ex-Trump White House adviser Steve Bannon arrived at a federal prison in Connecticut on Monday to begin serving his four-month sentence on contempt of Congress charges, per multiple outlets.

Trump trials tracker: Classified docs, election interference cases in limbo

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The Supreme Court on Monday issued a highly anticipated ruling on former President Trump's claims of presidential immunity in his federal Jan. 6 case — saying he's at least partially protected from prosecution for his actions while he was…

17

Supreme Court rules Trump has immunity for "official acts"

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The Supreme Court on Monday ruled that presidents have immunity for "official acts," but punted to lower courts the question of whether former President Trump's alleged conduct in his Jan. 6 case was protected.