Axios

Airline deal activity may heat up this summer, even if United has ended its pursuit of American Airlines.

The big picture: Global jet fuel prices are skyrocketing, and supply is dwindling, due to an Iran war that feels no closer to resolution today than it was several weeks ago.

Kone, a Finnish elevator and escalator maker, has agreed to buy Germany's TK Elevator for €29.4 billion from Advent International and Cinven.

Why it matters: This creates the world's largest lift maker by sales.

The UAE may be a small country — but its decision to quit OPEC is a BFD with all kinds of market and geopolitical crosscurrents.

Why it matters: The departure of OPEC's third-largest producer, announced Tuesday, is a major blow to the market-managing cartel.

Around 1.5% of metro Richmond's rental listings on Zillow are from sellers the platform calls "accidental landlords."

Why it matters: That's one of the lowest shares in the nation of people who pulled their homes off the market and rented them out instead.

Hardywood is out with a new low-cal, low-ABV brew, just in time for summer sippin' on the James.

Why it matters: Sales of River On! help support efforts to keep the river clean.

Aidoc, a clinical AI medical imaging provider, raised $150 million in Series E funding, CEO Elad Walach tells Axios Pro exclusively.

The big picture: Radiology is one of AI's earliest and most established use cases at scale in health care.

Biohub, the nonprofit spearheaded by Mark Zuckerberg and Priscilla Chan, is committing $500 million to help create better AI simulations of the human body, officials shared first with Axios.

Why it matters: The bet is that more data and compute will produce more useful models.

SiriusXM is in talks to acquire iHeartMedia, a deal that would combine America's largest radio provider and its biggest terrestrial radio station owner.

Why it matters: Audio is having a moment. But the businesses of some traditional players have been under strain, limiting their ability to invest in digital as Big Tech giants like Spotify and YouTube surge.

After reports of OpenAI missing its own revenue targets, investors soured on tech stocks on Tuesday, putting the entire market under pressure as a result. But investors in the private AI labs are unfazed.

Why it matters: The AI bulls aren't going anywhere.

The Ankler, an entertainment media startup led by veteran Hollywood editor Janice Min and insider columnist Richard Rushfield, is moving its publishing operations from Substack to a new subscription management platform called Passport that was created by Ben Thompson, an influential independent tech journalist.

Why it matters: While Substack does offer enterprise solutions for bigger publishers, it's used primarily by independent creators with less complex subscription offerings.