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Simone Biles will compete in her final Olympic event

Simone Biles will compete in the Olympic individual balance beam final, her last event of the Tokyo Games, USA Gymnastics announced Monday.

What's happening: "We are so excited to confirm that you will see two U.S. athletes in the balance beam final tomorrow — Suni Lee AND Simone Biles!! Can’t wait to watch you both!" USA Gymnastics tweeted.


The big picture: The 24-year-old four-time Olympic gold medalist withdrew from last week's Tokyo Games women's gymnastics team finals and the individual all-around finals and on Sunday morning, USA Gymnastics announced she would not be competing in the final floor exercise event.

What she's saying: Biles last Wednesday responded on Twitter to the support she's received following her decisions.

  • "[T]he outpouring love & support I’ve received has made me realize I’m more than my accomplishments and gymnastics which I never truly believed before," Biles said.

Go deeper: Simone Biles lauded for "bravery in prioritizing" mental wellness

Editor's note: This article has been updated with new details throughout.

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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