Plus: Metro mascots | Friday, March 15, 2024
| | | Presented By Meta | | Axios PM | By Mike Allen · Mar 15, 2024 | Happy springtime Friday... and happy St. Patrick's weekend! - Today's newsletter, edited by Sam Baker, is 460 words, a 2-min. read. Thanks to Sheryl Miller for copy editing.
| | | 1 big thing: New real estate frenzy | | | Illustration: Annelise Capossela/Axios | | The real estate industry may have just turned itself upside down. The National Association of Realtors announced a legal settlement today that would eliminate agents' standard 6% commission. Why it matters: "It will absolutely transform the real estate industry," Max Besbris, an associate professor of sociology at the University of Wisconsin-Madison, told the N.Y. Times. ✄ What's next: If the settlement wins final approval, real estate agents would be able to compete for business by taking smaller commissions — leaving more money in sellers' pockets and boosting online brokerages in the process. - Lower commissions could lead to lower prices — good news for buyers.
🤔 The other side: There may be a catch for buyers on a tight budget. - Right now, sellers' agents split their 6% commission with buyers' agents — buyers basically get an agent for free. But as commissions fall, more buyers will have to pay out-of-pocket for someone to help them find a home, Charlotte real estate agent Jeff Clay told Axios' Brianna Crane.
| | | | 2. ⚖️ Willis can stay on Trump case | Fulton County District Attorney Fani Willis at the Fulton County Courthouse in Atlanta on March 1. Photo: Alex Slitz via Getty Images Fani Willis won her battle: A judge ruled today that she can remain in charge of prosecuting former President Trump in Georgia, as long as special prosecutor Nathan Wade stepped down — which he has now done. - But Trump is winning the war: Although the evidence surrounding Willis' romantic relationship with another prosecutor didn't get her kicked off Trump's case, "an odor of mendacity remains," the judge wrote.
🐢 What's next: The whole ordeal has already delayed the case. - Trump's lawyers have successfully delayed his Jan. 6 trial, most likely until after the election. It's not clear when the trial over his handling of classified documents will start. Prosecutors in his New York hush-money case have agreed to a potential delay.
| | | | A message from Meta | Cataracts are the primary cause of avoidable blindness | | | | FundamentalVR and Orbis International created a VR training platform that helps surgeons practice cataract surgery. The impact: More surgeons have access to the training they need to treat cataracts around the world. Explore the impact of the metaverse. | | | 3. Catch me up | | | Photo: Yara Nardi/Reuters | | - 🏛️ Above: At the Largo Argentina archeological site in Rome today, members of a historical society, Gruppo Storico Romano, reenact the Ides of March — March 15, known as the date on which Julius Caesar was assassinated in 44 B.C.
- 📣 The Supreme Court ruled that some public officials can be sued for blocking their critics on social media, SCOTUSblog reports.
- 🕥 Prosecutors said Sam Bankman-Fried should serve as much as 50 years in prison, Bloomberg reports.
| | | | 4. 🏀 1 for the train | Screenshot: Washington Metropolitan Area Transit Authority via XCommuters on the D.C. Metro yesterday had some unexpected company — mascots from some of the best college basketball programs in the country, who are in town for the ACC tournament. - 🚇 The tournament is being held at Capital One Arena, which is easily accessible to every Metro line.
The semifinals are tonight: Pitt faces No. 1 seed UNC at 7 p.m., followed by N.C. State vs. Virginia. | | | | A message from Meta | "VR let me practice hundreds of times before I operated on a patient" | | | | Dr. Baid used FundamentalVR and Orbis International's VR platform for additional training in a hands-on environment. Why it's important: In the past year, Dr. Baid has performed 300 life-changing surgeries to preserve her patients' vision. Discover other stories. | | | Your essential communications — to staff, clients and other stakeholders — can have the same style. Axios HQ, a powerful platform, will help you do it. | | | | Axios thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Axios, 3100 Clarendon Blvd, Arlington VA 22201 | | You received this email because you signed up for newsletters from Axios. To stop receiving this newsletter, unsubscribe or manage your email preferences. | | Was this email forwarded to you? Sign up now to get Axios in your inbox. | | Follow Axios on social media: | | | |
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