Axios Pittsburgh

Axios Pittsburgh

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Musk has money, but Trump has power

17 hours ago | axios.com | Ben Berkowitz

Photo illustration: Aïda Amer/Axios. Photos: Steve Granitz/FilmMagic and Lester Cohen/Breakthrough Prize via Getty Images Elon Musk might have hundreds of billions of dollars and a social media megaphone, but President Trump's power over the levers of government may put Musk's business empire at much more immediate risk. The big picture: Virtually everything Musk does has huge regulatory exposure, from cars to spaceflight to neural implants.
Seattle-area apartment construction permits fall sharply

1 day ago | axios.com | Melissa Santos

Data: Redfin; Chart: Kavya Beheraj/AxiosThe number of new apartment projects approved in the Seattle area has dropped significantly in recent months, which means rent hikes could be coming, real estate experts warn. The big picture: A wave of newly built apartments helped curb rent increases over the past few years — but for many renters, that break may be ending, Axios' Sami Sparber writes.
LULU investors suck on a lemon

1 day ago | axios.com | Nathan Bomey

Photo: Sebastian Ng/SOPA Images/LightRocket via Getty ImagesLululemon shares suffered a wicked slump today after the athleisure company reported that tariffs are hurting its profitability and dampening consumer demand. ğ The stock closed down 19.8%. State of play: Lululemon reduced its earnings forecast, saying that it expects 30% tariffs on Chinese imports and 10% elsewhere.
Portland approves $8.5 million settlement for Albina displacement

1 day ago | axios.com | Kale Williams

Illustration: Shoshana Gordon/Axios. Photos: Heilman/Classic Stock, Armstrong Roberts/Classic Stock, Charles Rotkin/Corbis, Stan Grossfeld/Boston Globe via Getty ImagesCity councilors voted unanimously on Thursday to more than quadruple a settlement payout to Black Portlanders who were displaced from the Albina neighborhood over the last six decades.
These businesses are big winners from the Musk-Trump breakup

1 day ago | axios.com | Nathan Bomey

Photo illustration: Sarah Grillo/Axios. Photos: Chip Somodevilla, Allison Robbert-Pool via Getty ImagesElon Musk's breakup with President Trump undercuts his personal empire, but it's good news for a variety of corporate players. Why it matters: Without close ties to the White House, Musk is less powerful politically.
Crypto rails go mainstream

1 day ago | axios.com | Ryan Lawler

Crypto technology, once seen primarily as speculative, is now becoming essential financial infrastructure for banks and payment firms, fintech executives at Money20/20 Europe say. Why it matters: The shift promises more efficient cross-border payments but also requires significant new regulatory frameworks to ensure stability. "Crypto isn't just one big bucket anymore.
D.C. schools are banning cellphones, joining almost half of the nation

1 day ago | axios.com | April Rubin

Data: Axios research and KFF; Map: Axios VisualsD.C.'s public schools will enforce a cell phone ban starting next school year, the district said on Friday. Why it matters: D.C. joins nearly half the country in the bipartisan push to limit students' cellphone use in the classroom. D.C. middle schools and several of its high schools already implemented the ban, the district said. Catch up quick: Phone bans have gained momentum across Democratic and Republican state legislatures in recent years.
Seattle's Rough & Tumble joins rise of women's sports bars

1 day ago | axios.com | Travis Meier |Christine Clarridge

Hover over each bar to see location and anticipated opening. Reproduced from "Untapped"; Map: Axios VisualsWomen's sports bars are on the rise — and Seattle is helping lead the charge. Why it matters: With viewership and attendance for women's sports soaring, fans are building new hubs that are about more than simply watching games.
Most Republicans side with Trump over Musk: Poll

1 day ago | axios.com | April Rubin

Data: YouGov; Chart: Axios VisualsRepublicans overwhelmingly said they'd side with President Trump over Elon Musk in the duo's explosive feud, according to Thursday polling. Why it matters: Republicans' loyalty to Trump remains strong, and the acrimony only adds to Americans' existing dissatisfaction with the former head of DOGE. By the numbers: More than half of Americans said they wouldn't side with either the president or the wealthiest man in the world, per a YouGov survey of U.S. adults.
Repricing Tesla, SpaceX, and xAI post-fallout

1 day ago | axios.com | Ben Berkowitz |Jason Lalljee

Tesla, Musk's only publicly traded face, lost more than $150 billion in value on Thursday. Photo illustration: Sarah Grillo/Axios. Photo: Apu Gomes/Getty ImagesJust a few months ago, investors were willing to massively increase the valuations of Elon Musk's companies, in part because of his proximity to Donald Trump and the centers of Washington power. That ended yesterday.

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