How states are tackling midterm pump painStates are taking on the stubbornly high fuel prices squeezing Americans ahead of the midterm elections , pushing through tax holidays and other tactics to offer relief while federal efforts have stalled. Why it matters: With November 3 less than 30 days away, the political stakes of those price-lowering levers — even if the relief is only modest — are…Axios21h agoWhole story →EconomyPlanetmidterm elections
GOP senator warns Anthropic of "alarmist" approach to AISen. Bernie Moreno (R-Ohio) is urging Anthropic CEO Dario Amodei against an "alarmist approach" and "panic-inducing commentary" on AI, according to a letter sent Monday and obtained by Axios. Why it matters: It's the latest example of President Trump's allies targeting Amodei. Moreno's letter comes ahead of Anthropic's expected historic IPO , with…Axios23h agoWhole story →Technologyai regulation debate
House GOP whip: Limit spending to districts with "biggest return"House Majority Whip Tom Emmer (R-Minn.) is scaling back expectations and zeroing in on a narrowed battlefield as Republicans' prospects of keeping their majority look increasingly bleak. Why it matters: Emmer, a former National Republican Congressional Committee chair who helped the GOP unexpectedly gain seats in 2020, argues his party can still defy…Axios23h agoWhole story →EconomyGovernmentmidterm election strategy
Eurodrama in currency markets raises U.S. dollar's standingData: FactSet; Chart: Courtenay Brown/Axios The euro fell to a 17-month low against the dollar on Monday as political and fiscal worries rattled European markets. Why it matters: Rising borrowing costs and political instability are reviving concerns about strains within the eurozone — and whether the European Central Bank may eventually have to step in.…Axios1d agoWhole story →Economy
Trump's economic tightrope messaging of strong economy, high pricesPresident Trump's economic officials acknowledge that a strong economy alone will not persuade Americans that they are better off under this president. Why it matters: The administration is trying to avoid what it sees as a Biden-era mistake: touting strong economic data while Americans are still reeling from a historic run-up in prices to which Trump's…Axios1d agoWhole story →Economymidterm elections
Yemeni and Saudi forces launch counteroffensive against the HouthisYemeni government forces backed by Saudi Arabia launched a counteroffensive against the Houthis on Sunday in an effort to win back territory from the rebel group, the head of Yemen's presidential council said in a speech. "We have exhausted all opportunities for deescalation with the Houthi militias," Rashad al-Alimi said . Why it matters: One of the key…Axios2d agoWhole story →EconomyPlanet
Scoop: A powerful new model from startup Reflection is set to shake up the AI raceA closely watched Nvidia-backed startup called Reflection is preparing to shake up the AI race with a powerful open-weight system that could threaten Chinese upstarts and U.S. AI giants alike. Why it matters: The marriage of an American open-weight model and Nvidia GPUs would give individuals and companies a new, cheaper alternative to Anthropic, OpenAI…Axios2d agoWhole story →EconomyTechnology
