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Exclusive: Trump ad accuses Biden of mainstreaming "radical" policies

President Trump's re-election campaign is launching a new ad as Joe Biden accepts the Democratic nomination, accusing him of embracing "radical left" policies for the country.

Why it matters: The 30-second ad, "Mainstream," aims to scare centrists and older Americans watching the Democratic National Convention who feel uneasy about figures to the left of Biden, including Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez.

Driving the news: The television ad opens by quoting Sanders (D-Vt.) speaking at the convention on Monday night, saying that "many of the ideas we fought for — that just a few years ago were considered radical — are now mainstream.”

  • The ad's narrator predicts higher taxes, the elimination of fossil fuels, and amnesty for millions of undocumented immigrants and warns, "Your job, savings and future won't be safe in Joe Biden's America."

Behind the scenes: Trump's campaign has been seeking to use socialism a wedge issue, and one officials tells Axios they think fresh convention footage from this week will help to paint Biden as "a socialist sympathizer."

The other side: "Donald Trump is the most radical president in modern American history," said Biden campaign spokesman Andrew Bates, criticizing Trump's response to the pandemic and other issues and pushing back against claims that Biden would raise taxes on most Americans or ban fossil fuels.

Details: The ad will air in five early voting states — Arizona, Florida, Georgia, North Carolina and Wisconsin — and on national cable, and follows a digital ad released earlier this week attacking Biden's mental capacity.

Why the startup world needs to ditch "unicorns" for "dragons"

When Aileen Lee originally coined the term "unicorn" in late 2013, she was describing the 39 "U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors."

Flashback: It got redefined in early 2015 by yours truly and Erin Griffith, in a cover story for Fortune, as any privately-held startup valued at $1 billion or more. At the time, we counted 80 of them.

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Scoop: Facebook's new moves to lower News Feed's political volume

Facebook plans to announce that it will de-emphasize political posts and current events content in the News Feed based on negative user feedback, Axios has learned. It also plans to expand tests to limit the amount of political content that people see in their News Feeds to more countries outside of the U.S.

Why it matters: The changes could reduce traffic to some news publishers, particularly companies that post a lot of political content.

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Scoop: Amazon quietly getting into live audio business

Amazon is investing heavily in a new live audio feature that's similar to other live audio offerings like Clubhouse, Twitter Spaces and Spotify's new live audio platform, sources tell Axios.

Why it matters: As with Amazon's efforts in podcasting and music subscriptions, the company sees live audio as a way to bolster the types of content it can offer through its voice assistant, Alexa, and its smart speaker products.

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Hurricane Ida exposes America's precarious energy infrastructure

The powerful hurricane that plunged New Orleans into darkness for what could be weeks is the latest sign that U.S. power systems are not ready for a warmer, more volatile world.

The big picture: “Our current infrastructure is not adequate when it comes to these kinds of weather extremes,” Joshua Rhodes, a University of Texas energy expert, tells Axios.

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"We must go further": 70% of adults in European Union are fully vaccinated

About 70% of adults in the European Union are fully vaccinated against COVID-19, Ursula von der Leyen, the president of the European Commission, said Tuesday.

Why it matters: The milestone makes the E.U. one of the world's leaders in inoculations, after an initially lagging vaccine campaign, the New York Times notes.

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What Elizabeth Holmes jurors will be asked ahead of fraud trial

Jury selection begins today in USA v. Elizabeth Holmes, with the actual jury trial to get underway on Sept. 8.

Why it matters: Theranos was the biggest fraud in Silicon Valley history, putting both hundreds of millions of dollars and thousands of patients' health at risk.

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