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Trump leaves US Steel deal shrouded in confusion, raises tariffs axios.com/2025/05/30/tru…

Yet U.S. Steel still won’t share details of the “partnership” with its own shareholders

The NBA is going to be so unhappy if it ends up with an OKC-IND final

Cart before horse: Hours after promising steelworkers in Pennsylvania that he had basically saved their jobs, Trump tells reporters: "I have to approve the final deal with Nippon, and we haven't seen that final deal yet."

Chime launches IPO roadshow. $9.1b market cap if it prices in the middle, vs. the $25b private market valuation. VC-backed unicorns maybe are finally done clinging to their ZIRP-era valuations. Seeing this more and more.

Venture funds discussing distribution timelines with their LPs.

Today's newsletter: B.S. Steel axios.com/newsletters/ax…

mRNA, once lauded as a scientific marvel, is now a government target statnews.com/2025/06/02/mrn… via Lizzy Lawrence Isa Cueto

Trump puts U.S. Steel cart before the horse axios.com/2025/06/02/tru…

Everyone talks about the AI race between the U.S. and China, and how important it is to win. Question: What do we think it means, practically speaking, to "win" the AI race? Is there a finish line?

On Friday, President Trump told steelworkers that he'd negotiated a deal to save their jobs. Hours later, he told reporters that he hasn't even seen the final deal, let alone approved it. axios.com/2025/06/02/tru…

Update: Roark Capital, owner of Subway and lots of other chains, is the buyer.

Narcan ingredient maker Antheia raises $56M to expand platform axios.com/pro/biotech-de…

Some unicorns have finally accepted reality axios.com/2025/06/03/uni…

Two big antitrust developments this week mean the M&A math has changed axios.com/2025/06/03/tru…

The latest on the Deel/Rippling fracas ft.com/content/abd988…

Axios is hiring! job-boards.greenhouse.io/axios

Oh

Knicks gonna Knicks

Just arrived in NYC for tomorrow's @Axios AI+ Summit, where I'll be interviewing Lux Capital's Josh Wolfe and Lumen CEO Kate Johnson. Livestream will be here: axios.com/2025/05/29/axi…