Boomers Have the Space. Millennials Have the Kids
Empty‑nest baby boomers now control nearly a third of America’s three‑plus‑bedroom homes, while millennial families own just 16% of that segment. Redfin’s analysis of 2024 census data shows boomers hold 28% of large homes versus 5% in 2014, whereas millennials have risen from 5% to 16% over the same period. The mismatch between available family‑size housing and younger buyers’ needs is tightening an already constrained market. Demographic inertia and low‑rate mortgages keep boomers in place, limiting turnover of spacious homes.
Trump Waffles on Taiwan Arms Deal After Xi Talks
President Trump said he is uncertain about approving a $14 billion weapons package for Taiwan after a detailed arms‑sales discussion with Chinese President Xi Jinping. He emphasized avoiding a war that is "9,500 miles away" while acknowledging the U.S. 1982 six‑assurances...
Exclusive: Dr. Oz Announces Health Coalition to Streamline Prior Authorizations
Dr. Mehmet Oz, CMS administrator, announced a new coalition of 29 insurers, hospitals and health‑record firms aimed at streamlining prior authorizations for medical treatments. The group plans to shift to electronic prior‑auth workflows by next January, eliminating fax and clipboard...
Exclusive: Sen. Welch Would Back Trump's Most Favored Nation Drug Policy Plan
Sen. Peter Welch (D‑Vt.) announced he would not only vote for President Trump’s “most‑favored nation” drug pricing plan but also work aggressively to pass it. The proposal aims to align U.S. prescription drug prices with those paid in other developed...
Pharma Leaders Hope Next FDA Head Calms Waters
PhRMA chief Steve Ubl urged the incoming FDA commissioner to restore certainty after a turbulent period marked by Marty Makary’s resignation and staff cuts. Executives from Bristol Myers Squibb and other majors echoed the need for a stable regulator to...
WATCH: Axios' Future of Health Summit 2026
Axios Live is hosting its second annual Future of Health Summit, gathering leaders across health care, pharma, technology, and policy to explore how a shifting landscape is redefining the industry. The event features a high‑profile roster, including Bristol Myers Squibb CEO...
The U.S. Inflation Problem Is Getting Worse
U.S. inflation is accelerating as the Producer Price Index jumped 1.4% in April and is up 6% over the past year. Core services inflation reached a 4.4% year‑over‑year increase, the strongest since 2023, driven by higher transportation and warehousing costs....
Biden to Fight DOJ's Release of Ghostwriter Tapes
Former President Joe Biden is preparing to ask a court to block the Justice Department from releasing redacted transcripts and audio recordings of his 2017 conversations with ghostwriter Mark Zwonitzer, material gathered during Special Counsel Robert Hur’s classified‑documents investigation. The...
Scoop: Rubio and Witkoff Meet Qatari Mediator in Miami on Iran Deal
Secretary of State Marco Rubio and White House envoy Steve Witkoff met Qatari Prime Minister Mohammed bin Abdulrahman al‑Thani in Miami on May 10, 2026. The gathering was part of a broader push to finalize a one‑page memorandum that would end the war with...
Virginia Supreme Court Throws Out Redistricting Referendum Results
Virginia's Supreme Court struck down the 2025 redistricting referendum after a narrow voter approval, citing a constitutional timing violation. The decision blocks a Democratic‑led plan to redraw congressional maps mid‑term, which would have shifted the delegation from a 6‑5 Democratic...
How Elon Grew to Love Anthropic
Elon Musk’s SpaceX will supply Anthropic with more than 300 MW of compute power—over 220,000 Nvidia GPUs—from its Colossus 1 data center, converting idle capacity into a high‑margin revenue stream just before SpaceX’s anticipated IPO. The partnership helps Anthropic address a severe...
Jamie Dimon Blesses the Trillion-Dollar AI Capex Boom
JPMorgan Chase chief Jamie Dimon stood beside Anthropic CEO Dario Amodei in New York, declaring the ongoing AI build‑out worth every dollar. He highlighted a projected AI capital‑expenditure wave that could exceed $1 trillion by next year, underscoring its role in...
Congress Passes Short-Term FISA Extension
The House approved a 45‑day clean extension of Section 702 of the Foreign Intelligence Surveillance Act, preventing a lapse of the warrantless surveillance authority on Thursday. The vote was 261‑111, while the Senate rejected a longer renewal and opted for the...
MAHA Scores on Farm Bill but Loses Ally for Surgeon General
The Make America Healthy Again (MAHA) movement secured a win on pesticide liability language in the House farm bill, with a bipartisan 280‑142 vote removing provisions that would have shielded manufacturers. The same day, the White House withdrew the nomination...
Scoop: Trump Huddles with Oil Execs as Iran Stalemate Drags On
President Donald Trump convened a meeting at the White House with top oil and gas executives, including Chevron CEO Mike Wirth, to address the energy fallout from the ongoing Iran conflict. Attendees also included senior White House staff and Treasury...
Behind the Curtain: We've Been Warned
In the past 60 days AI has surged to unprecedented levels, with Anthropic’s revenue exploding from $1 billion to $30 billion and its Claude model family becoming the world’s most‑adopted product. The most powerful models are being withheld from public release, while...
Correspondents' Dinner Shooting Fails to Budge Democrats on DHS Shutdown
The White House Correspondents' Dinner shooting has not softened the partisan divide over reopening the Department of Homeland Security. The Senate passed a bill that would fund all DHS components except ICE and Customs and Border Protection, but House Republicans...
This Isn't the Time to Change Gun Laws, Acting AG Blanche Says
Acting Attorney General Todd Blanche said tightening gun laws is not the right response to the White House Correspondents' Dinner shooting. He emphasized that shooter Cole Allen legally purchased the firearms and transported them by train, arguing that law changes...
AI Can Cost More than Human Workers Now
Companies are now spending more on AI compute than on employee salaries. Nvidia’s vice president of applied deep learning says compute costs dwarf payroll, while Uber’s CTO already blew through its 2026 AI budget on token usage. Gartner projects worldwide...
Scoop: Israel Sent "Iron Dome" System and Troops to UAE During Iran War
Israel dispatched an Iron Dome air‑defense battery, complete with interceptors and several dozen IDF operators, to the United Arab Emirates early in the Iran‑UAE war. The system, used for the first time outside Israel and the United States, intercepted dozens...
Witkoff and Kushner to Meet Iranian Foreign Minister in Pakistan: White House
U.S. envoys Steve Witkoff and Jared Kushner are set to travel to Pakistan for talks with Iranian Foreign Minister Abbas Araghchi, according to the White House. Iranian state media has denied any scheduled meeting, creating a diplomatic tug‑of‑war. The visit...
How a Swap Line for Persian Gulf Allies Would Break with the Past
The Federal Reserve is considering extending dollar swap lines to Persian Gulf allies such as the United Arab Emirates, Qatar and Bahrain, a departure from its traditional use as a crisis‑management tool for G7 and select emerging markets. Treasury Secretary...
Trump's Missed AI Deadlines
President Trump’s December executive order set March 11 deadlines for three agency actions aimed at curbing state AI regulations. The Federal Trade Commission, the Commerce Department, and the Federal Communications Commission have all missed those deadlines, leaving guidance, evaluations, and...
Pete Hegseth Fires U.S. Navy Secretary John Phelan
Defense Secretary Pete Hegseth abruptly removed Navy Secretary John Phelan, announcing an immediate departure without providing a reason. Acting Navy Undersecretary Hung Cao will assume the role as the Pentagon grapples with a renewed naval standoff with Iran. Sources say...
Trump's 2.0 Cabinet Welcomed Women, but They've Been the First to Leave
President Trump’s second‑term Cabinet includes more women than his first term and any prior Republican administration, yet three female secretaries—Labor Secretary Lori Chavez‑DeRemer, Attorney General Pam Bondi, and DHS Secretary Kristi Noem—have exited within two months. Their departures stem from bipartisan pressure...
Scoop: Top U.S. Cyber Agency Doesn't Have Access to Anthropic's Powerful Hacking Model
Anthropic’s new Mythos Preview model, a powerful AI tool for discovering security flaws, is being tested by more than 40 private firms and federal agencies such as the NSA, but the Cybersecurity and Infrastructure Security Agency (CISA) remains without access....
OpenAI-Anthropic Enterprise Rivalry Heats Up
OpenAI is accelerating its enterprise push by enlisting more than half a dozen consulting partners to roll out Codex, its AI coding platform, while emphasizing its superior compute capacity. Anthropic, meanwhile, is bolstering its margins with a new Amazon deal...
What to Know About Tariff Refund Site That's Set to Go Live Monday
U.S. Customs and Border Protection will activate the Consolidated Administration and Processing of Entries (CAPE) portal on Monday, allowing importers to file refund claims for tariffs the Supreme Court deemed illegal. The Court of International Trade ordered the Treasury to...
Oil Prices Jump After Strait of Hormuz Setbacks
Oil markets surged about 6% on Sunday as the United States and Iran escalated tensions, prompting a renewed closure of the Strait of Hormuz. Brent crude rose to $95.42 a barrel and WTI to $89.77, reflecting fears of constrained tanker...
Bibi Torched U.S. Support for Israel for a Generation
Israeli Prime Minister Benjamin Netanyahu’s hard‑line stance is eroding U.S. public support, especially among younger Americans. Recent Pew polls show favorability dropping 20‑31 points across most demographics, leaving older Republicans and white evangelicals as the only strongholds. In Congress, 40...
U.S. and Iran Inch Toward Framework Deal to End War, U.S. Officials Say
U.S. and Iranian negotiators are moving toward a framework agreement that could end the war before the April 21 ceasefire expires, with Pakistan, Egypt and Turkey mediating. Behind the scenes, Vice President Kamala Vance, envoy Steve Witkoff and adviser Jared Kushner have been exchanging...
Exclusive: AI's Revolution Comes with Risks, Sen. McCormick Says
Sen. David McCormick told Axios that the AI revolution is the most profound change of our lifetimes, but it carries significant risks to the economy, environment and society. He highlighted rising consumer costs despite higher disposable income and warned that...
Airline Mega-Merger Story Is All About Trump
United Airlines CEO Scott Kirby told President Trump he was open to a merger with American Airlines, highlighting a new strategy of taking antitrust pitches directly to the White House. The proposal comes as the Justice Department’s antitrust leadership has...
Mobility's New Big Three: Tesla, Waymo and Uber
The autonomous mobility sector is coalescing around Waymo, Tesla, and Uber as the new “Big Three.” Waymo leads robotaxi operations with 500,000 weekly paid trips and 200 million driverless miles, backed by $16 billion in fresh capital. Uber leverages its ride‑hailing platform...
Scoop: House Democrats Introduce 6 Articles of Impeachment Targeting Pete Hegseth
House Democrats will introduce five articles of impeachment against Defense Secretary Pete Hegseth, accusing him of unauthorized war in Iran, war crimes, mishandling classified information, and obstructing congressional oversight. The resolution, drafted by Rep. Yassamin Ansari, carries eight Democratic co‑sponsors...
Axios Finish Line: Flying Lessons to Keep You Grounded
Recreational pilot Alex Fitzpatrick reflects on 300 flight hours, extracting four core habits that translate to everyday productivity. He emphasizes pre‑emptive planning, focusing on the primary task before ancillary duties, and always having contingency routes. The piece also highlights the...
Judge Tosses Trump's Lawsuit Against WSJ over Epstein Letter
Federal Judge Darrin P. Gayles dismissed President Donald Trump’s $20 billion defamation lawsuit against The Wall Street Journal over a story about a birthday letter to Jeffrey Epstein. The judge found the complaint failed to meet the actual‑malice standard required for...
Vance to Lead U.S. Delegation at Peace Talks with Iran in Pakistan on Saturday
Vice President JD Vance will head the United States delegation at high‑stakes peace talks with Iran in Pakistan, marking the highest‑level U.S.–Iran engagement since the 1979 revolution. The talks come as Israeli airstrikes in Lebanon have strained the fragile cease‑fire,...
Pam Bondi Defies House Subpoena over Epstein Files
Former Florida Attorney General Pam Bondi has refused to appear for a sworn deposition before the House Oversight and Government Reform Committee on April 14, arguing that she is no longer in her official capacity after being ousted. The committee,...
U.S. Says Iran Ceasefire Doesn't Apply to Israeli Strikes in Lebanon
White House press secretary Karoline Leavitt told Axios that the U.S.-Iran ceasefire does not cover Israel’s strikes against Hezbollah in Lebanon, contradicting Iranian and Pakistani claims that the truce applies everywhere. The Israeli offensive has killed more than 80 civilians...
Dems Eyeing 2028 Want Huge Tax Cuts — but Big Hikes for the Rich
A cohort of 2028 Democratic hopefuls is championing sweeping tax cuts for working‑class and middle‑income Americans, including proposals to eliminate federal income tax for roughly half of all workers and make the first $75,000 of married‑couple earnings tax‑free. At the...
Iran and U.S. Have Been in Direct Contact in Recent Days, Sources Say
U.S. envoy Steve Witkoff reactivated a direct texting channel with Iran’s foreign minister Abbas Araghchi amid the two‑week war. The exchange, focused on ending hostilities, marks the first known direct contact between the parties since the conflict began. Iran’s foreign...
Where Rents Are Falling (or Rising) Most
A construction surge in the Sun Belt and Mountain West has driven a modest 1.5% drop in median U.S. rents, yet overall rent levels remain about 20% above pre‑pandemic figures. Cities like Austin, San Antonio, and Denver saw declines of...
WATCH: Anduril's Palmer Luckey Talks AI, Nukes and Iran on "The Axios Show"
Palmer Luckey, founder of Anduril Industries, told "The Axios Show" that the United States holds an "extremely small" lead over China in the artificial‑intelligence race. He argued that authoritarian regimes can copy open‑source models, accelerate deployment, and embed AI in...
The Women of "Sinners," "K-Pop Demon Hunters" Make Oscars History
At the 98th Academy Awards, Autumn Durald Arkapaw became the first woman of color—and the first woman overall—to win Best Cinematography for "Sinners." Maggie Kang and Michelle Wong made history as the first South Korean‑descent creators to win an Oscar...
The Iran War Is a New Test of America's Economic Superpower
Despite the Iran‑Iran war threatening oil flows through the Strait of Hormuz and pushing crude prices above $103 a barrel, the United States economy continues to show resilience. Recent data show unemployment at 4.4% and Q1 2025 GDP growth projected...
Black and Latino Audiences Drive Podcast Growth, but Ownership Lags
Black and Latino listeners are among the fastest‑growing podcast audiences, pushing the medium ahead of talk radio in spoken‑word share. Yet creators from these groups rarely own their shows, with distribution and monetization dominated by Apple, Spotify and YouTube. Latina...
Exclusive: U.S. Lacks the "Will" For Iran Ground War, Anduril's Luckey Says
Palmer Luckey, founder of defense‑tech firm Anduril, told Axios the United States lacks the political will and public consensus to launch a boots‑on‑the‑ground campaign in Iran. He argued that decades of Middle‑East interventions have eroded America’s capacity for sustained ground...
White House Outraged over New CBS News Hire
The White House expressed strong outrage after CBS News announced the hiring of Jeremy Adler, a former communications aide to Rep. Liz Cheney. Adler, who served Cheney during the Jan. 6 House investigation, previously worked for the Republican super‑PAC America Rising and...
Iran's New Supreme Leader Vows Revenge on U.S., Israel
Iran's newly appointed supreme leader Mojtaba Khamenei issued his first public address, vowing retaliation against U.S. and Israeli forces. He warned that attacks on U.S. bases will continue unless they are shut down and emphasized Iran's intent to keep the...