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In photos: Memorial Day celebrations resume after year-long hiatus

The U.S. saw a dramatic surge in summer travel and the return of large Memorial Day gatherings over the weekend, including President Biden's Monday address at Arlington National Cemetery.

Why it matters: Memorial Day celebrations look more traditional this year, as ramped-up vaccinations and falling COVID-19 cases allow U.S. veterans and families to gather together to mark the day.

President Biden delivers an address at the 153rd National Memorial Day Observance at Arlington National Cemetery on May 31. Photo: Mandel Ngan/AFP via Getty Images
Biden, Vice President Kamala Harris, Defense Secretary Lloyd Austin and Omar Jones, Major General, U.S. Army Commanding General arrive to take part in a wreath laying in front of Tomb of the Unknown Soldier on May 31. Photo: Mandel Ngan/AFP via Getty Images
The annual Rolling Thunder motorcycle ride in Washington, D.C., on May 30. Photo: Liu Jie/Xinhua via Getty Images
U.S. Army Spc Joseph Wolfe reads names on the Vietnam Veterans Memorial Wall on May 30. Photo: Olivier Douliery/AFP via Getty Images
Indiana State Trooper Matt Harris, left, and his son Dominic Harris, of Cub Scouts pack 145, carry flags to place on the graves of veterans at Rose Hill Cemetery on May 29 in Bloomington, Indiana. Photo: Jeremy Hogan/SOPA Images/LightRocket via Getty Images
Santa Monica, California pier on May 30. Photo: Carolyn Cole/Los Angeles Times via Getty Images

Go deeper: TSA sets passenger screening record at start of holiday weekend

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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