Axios

🚨 Breaking media deals news (not about TikTok): G/O Media has sold business news brand Quartz and commerce site The Inventory to Canadian software firm Redbrick This deal marks the fourth ownership change for Quartz over the past seven years. It also represents further erosion of G/O Media as it offloads nearly all of its assets (seen in the photo below)... 📌 Ziff Davis: Lifehacker 📌 Paste Media: Jezebel, Splinter, The A.V. Club 📌 Static Media: The Takeout, Jalopnik 📌 Lineup Publishing: Deadspin 📌 Keleops: Gizmodo.com 📌 Global Tetrahedron: The Onion 👀 G/O's only remaining brands are Kotaku and The Root More details on Axios with Sara Fischer: https://lnkd.in/edzZyzRy

EXCLUSIVE: G/O Media has sold business news brand Quartz and commerce site The Inventory to Canadian software firm Redbrick. "As the media landscape continues to shift, the only way to survive and thrive is by embracing the advancements in innovation to connect and engage with audiences," Redbrick CEO Tobyn Sowden said in a statement. "The way we connect with audiences is evolving and today marks a new chapter for Quartz as we work with Redbrick to help shape the future of media as the landscape rapidly transforms," Quartz editor in chief Dan Hirschhorn said.

The Axios Pro Deals team is launching two new verticals with expert coverage on supply chain and biotech deals with Colin Campbell and Katherine Davis. Learn more here: https://lnkd.in/efVXHcEp

NEW: Nintendo is delaying preorders for its hotly anticipated Switch 2 gaming console amid tariff uncertainty. "Pre-orders for Nintendo Switch 2 in the U.S. will not start April 9, 2025 in order to assess the potential impact of tariffs and evolving market conditions," Nintendo said.

BREAKING: Federal Reserve chair Jerome Powell says that bigger-than-expected tariffs will translate into higher inflation and slower economic growth — and that the higher inflation could be persistent, not temporary. "While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected," Powell said at a conference of business journalists, according to a prepared text.

Axios' Future of Defense: Aviation, Weapons and Technology Innovation Axios hosts an event in Washington, D.C. on the future of defense innovation in a new Washington.

It's way too early to know if we're at the start of a protracted trade war that wrecks global economies, or what will prove to be a short-lived skirmish. Such tumult, however, becomes a brick wall for many companies planning long-term investments like acquisitions. Plus, sellers may hold back while their valuations plunge.

BREAKING: U.S. economy added 228,000 jobs in March ahead of trade war escalation https://trib.al/QvZ3T2D

Steve Jobs and Tim Cook built the most successful and arguably most beloved U.S. company for the last 25 years on a foundation of open trade, particularly with China. Trump has now set about torching the whole arrangement. https://trib.al/AGKPjXZ

Implementing the new reciprocal and baseline tariffs, on top of the other taxes on imports already imposed by the White House, would increase fresh produce prices by 4% and food prices overall by 2.8%, per the Yale Budget Lab's model. But prices for certain products will rise further.