Pete Gannon

Editor at Axios

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Articles

1 Snoop thing: Director named for biopic

3 weeks ago | axios.com | Pete Gannon

Snoop Dogg at the Milken Institute Global Conference in 2023. Photo: Jerod Harris/Getty ImagesUniversal Pictures has tagged Craig Brewer to direct its upcoming biopic on Snoop Dogg. 🎤 The untitled film is set to be the first project stemming from Universal's deal with Death Row Pictures, a production company offshoot from the iconic Death Row Records label acquired by Snoop in 2022, Deadline reports.
1 food thing: Dave's Hot Chicken

3 weeks ago | axios.com | Pete Gannon

Photo: Mario Tama/Getty ImagesChicken strips have been a red-hot menu item lately. Little surprise today then that Dave's Hot Chicken just landed a nearly $1 billion valuation from a private equity firm. Driving the news: Roark Capital inked a deal to buy a majority stake in the fast-growing chain founded eight years ago in an East Hollywood parking lot. The valuation was confirmed by Dave's CEO Bill Phelps on CNBC.
SEC drops suit against Binance

4 weeks ago | axios.com | Pete Gannon

Photo Illustration: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)The SEC officially dropped its lawsuit against the cryptocurrency exchange Binance on Thursday. Why it matters: It was one of the last major crypto cases still pending from the Biden-era SEC. Catch up quick: The SEC and Binance filed a joint stipulation with the court to dismiss the case against both the company and its founder Changpeng Zhao, originally filed in 2023.
Trump Media plans $2.5 billion bitcoin purchase

1 month ago | axios.com | Pete Gannon

President Trump. Photo by Anna Moneymaker/Getty ImagesTrump Media & Technology Group, the publicly traded parent company of President Trump's social media platform, said Tuesday it is raising $2.5 billion to buy bitcoin. Why it matters: It's the latest of several crypto strategies by businesses linked to President Trump — moves that have drawn congressional criticism and slowed progress on digital-asset legislation.
Off Target

1 month ago | axios.com | Pete Gannon

Photo: David Paul Morris/Bloomberg via Getty ImagesTarget today missed expectations for Q1 earnings and revenue and cut its full-year sales forecast. ğ¯ Zoom in: The retailer's comparable sales fell 3.8% in the first quarter. Over those three months, it saw fewer customers, and those shoppers spent less per visit. The company pointed to factors like lower consumer confidence, uncertainty over potential tariffs and customer boycotts after rolling back DEI initiatives in January.
Moody's cuts U.S. credit rating on growing debt burden

1 month ago | axios.com | Pete Gannon

The U.S. Treasury Department in Washington. Photo: Aaron Schwartz/Bloomberg via Getty ImagesMoody's Ratings cut its credit rating on the United States by one notch on Friday, citing an increase in government debt and interest payment ratios. Why it matters: The Moody's downgrade to Aa1 removes the U.S. government's last remaining triple-A credit rating, diminishing its status as the world's highest-quality sovereign borrower.
New SEC chair intends to write rules for crypto

1 month ago | axios.com | Brady Dale |Pete Gannon

Securities and Exchange Commission Chairman Paul Atkins in April. Photo: Anna Moneymaker/Getty ImagesThe new head of the U.S. securities regulator plans to modernize SEC rules and forms to better accommodate the registration of new crypto assets. Why it matters: The digital asset industry has long sought a way to issue assets within U.S. regulations.
New SEC chair intends to write rules for crypto

1 month ago | flipboard.com | Brady Dale |Pete Gannon

9 hours agoBitcoin and crypto have surged over the last few weeks as fears swirl a $2.5 trillion “avalanche” is heading for the U.S. dollar. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes’ CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters …
A U.K. trade deal

1 month ago | axios.com | Pete Gannon

The U.S. and Britain this morning unveiled the framework for a sweeping new trade pact, which sparked investor optimism that more may be on the way. Stocks rose, bond prices fell, and bitcoin jumped back over $100,000 as investors pivoted back into a risk-on trade. But some specific winners emerged from today's agreement. What's inside: The universal 10% tariff on U.K. imports will remain. However, tariffs on U.K. autos will be lowered from 27.5% to 10%, with a quota of 100,000 vehicles.
What we learned from tech earnings this week

1 month ago | axios.com | Pete Gannon

Illustration: Lindsey Bailey/AxiosSpending on artificial intelligence isn't slowing, and tariffs — so far — aren't taking a huge toll on business, Big Tech told us this week. Why it matters: A slew of tech giants just delivered solid earnings, providing at least some answers to burning questions about how the industry is faring in the midst of President Trump's trade war.