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 2020-10-21 14:30 

Axios

OxyContin maker Purdue Pharma to plead guilty to 3 criminal charges...

Purdue Pharma, the maker of OxyContin, will plead guilty to three federal criminal charges Wednesday as part of a more than $8 billion settlement with the Justice Department, AP reports . Why it matters: "The settlement is the highest-profile display ...

 2020-10-21 13:50 

Axios

GM dives full-throttle into electric vehicles with GMC Hummer...

What has LeBron James as a pitchman, some slightly awkward promotional phrasing ("watts to freedom"), and a six-figure starting price? The electric GMC Hummer. Driving the news: General Motors unveiled the vehicle — a reborn version of the d...

 2020-10-21 11:55 

Axios

CEO confidence skyrockets on expectations of layoffs and wage cuts...

The Conference Board ; Chart: Axios Visuals U.S. consumers remain uncertain about the economic environment but CEOs are feeling incredibly confident, the latest survey from the Conference Board shows. Why it matters: Confidence among chief executives jump...

 2020-10-21 10:30 

Axios

Louisville officer: "Breonna Taylor would be alive" if we had served no-knock warrant...

Sgt. Jonathan Mattingly, the Louisville officer who led the botched police raid that caused the death of Breonna Taylor, said the No. 1 thing he wishes he had done differently is either served a "no-knock" warrant or given five to 10 seconds befor...

 2020-10-21 10:00 

Axios

U.S. vs. Google — the siege begins...

The Justice Department fired the starter pistol on what's likely to be a years-long legal siege of Big Tech by the U.S. government when it filed a major antitrust suit Tuesday against Google. The big picture: Once a generation, it seems, federal regul...

 2020-10-21 09:40 

Axios

Why the stimulus delay isn't a crisis (yet)...

If the impasse between House Speaker Nancy Pelosi and the White House on a new stimulus deal is supposed to be a crisis, you wouldn't know it from the stock market, where prices continue to rise. That's been in no small part because U.S. economic ...

 2020-10-21 09:30 

Axios

Israel has operated a secret embassy in Bahrain for more than a decade...

This story is from Barak Ravid's new weekly newsletter, Axios from Tel Aviv, which launches today. Sign up here. Israel has been conducting undercover diplomacy in Bahrain for more than a decade through a front company listed as a commercial consultin...

 2020-10-21 09:15 

Axios

QAnon conspiracy theory explodes ahead of the election...

The QAnon conspiracy theory is growing — and being weaponized to boost President Trump ahead of the election. Why it matters: What began as a single conspiracy theory linking Hillary Clinton to child trafficking four years ago is now part of a convo...

 2020-10-21 09:00 

Axios

The overwhelming aftershocks of the pandemic...

The coronavirus pandemic will wreak havoc on the U.S. health care system long after it ends — whenever that may be. Why it matters: The pre-pandemic health care system was already full of holes, many of which have been exposed and exacerbated over t...

 2020-10-21 05:09 

Axios

Biden enters final stretch with huge cash advantage over Trump...

Democratic presidential nominee Joe Biden had $177.3 million in the bank at the end of September, per the latest Federal Election Commission filings. Why it matters: President Trump's re-election campaign reported having $63.1 million in the bank at t...

 2020-10-21 04:37 

Axios

Court rules in favor of North Carolina's mail-in ballots deadline extension...

North Carolina can accept absentee ballots that are postmarked Nov. 3 on Election Day until Nov. 12, a federal appeals court decided Tuesday in a 12-3 majority ruling. Why it matters: The 4th Circuit Court of Appeals' ruling against state and national...

 2020-10-21 00:12 

Axios

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B...

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported . Why it matters: The settlement, expected to be announced w...

 2020-10-20 22:28 

Axios

Trump threatens to post "60 Minutes" interview early after reportedly walking out of taping...

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview...

 2020-10-20 21:41 

Axios

McConnell urges White House not to strike stimulus deal before election...

Senate Majority Leader Mitch McConnell (R-Ky.) has urged White House negotiators not to cut a deal with Democrats on new coronavirus stimulus before the election. Driving the news: McConnell informed Senate Republicans of the move at a closed-door lunch o...

 2020-10-20 21:05 

Axios

Most arrested in protests are not associated with antifa...

Antifa may be a focus on the right, but it's hard to find in the court system. Why it matters: Very few of the people charged in this summer's protests and riots appear to be affiliated with highly organized extremist groups, reports AP . In thous...

 2020-10-20 20:46 

Axios

Scoop: Republican super PAC raised $92 million in September...

The Senate Leadership Fund, a super PAC associated with Senate Majority Leader Mitch McConnell, raised more than twice as much this September as it did two years ago, according to an FEC filing that will go live Tuesday night. By the numbers : The SLF rai...

 2020-10-20 20:45 

Axios

How HR departments across the world turned companies from in-person to remote overnight...

Before the onset of the coronavirus pandemic, human resources jobs were on the automation chopping block. Now they're essential. The big picture: HR departments across the world have pulled off the incredible feat of turning companies from in-person t...

 2020-10-20 20:37 

Axios

Netflix stock sinks after Q3 subscriber miss...

Netflix's stock was down more than 5% in after-hours trading Tuesday after the tech giant reported that it missed expectations on global subscriber growth for the quarter. Why it matters: Netflix experienced explosive growth during the first half of t...

 2020-10-20 20:22 

Axios

Republican senators defend Fauci as Trump escalates attacks on top health experts...

Several Republican senators defended Anthony Fauci after a string of attacks in recent days from President Trump, who has called the government's top infectious-disease expert " a disaster " and falsely claimed that he's a Democrat. Why it...

 2020-10-20 18:35 

Axios

Senate to vote on Amy Coney Barrett's confirmation to Supreme Court on Oct. 26...

The Senate will vote to confirm Judge Amy Coney Barrett to the Supreme Court next Monday, Oct. 26, Majority Leader Mitch McConnell (R-Ky.) announced Tuesday. The big picture: The Senate Judiciary Committee will vote this Thursday to advance Barrett's ...

 2020-10-20 16:18 

Axios

Mark Meadows confirms in court Trump's tweets "declassifying" Russia documents were false...

White House Chief of Staff Mark Meadows confirmed in court on Tuesday that President Trump's tweets authorizing the disclosure of documents related to the Russia investigation and Hillary Clinton's emails "were not self-executing declassificat...

 2020-10-20 16:02 

Axios

China's embrace of hostage diplomacy is no idle threat...

The Chinese government is threatening to detain foreign citizens unless their home governments do what Beijing demands. In some cases, China has already made good on those threats. The big picture: This marks a potential evolution of China's " wol...

 2020-10-20 14:28 

Axios

Justice Department sues Google over alleged search monopoly...

The Justice Department and 11 states Tuesday filed an antitrust lawsuit against Google, accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets. Why it matters: The long-awaited suit i...

 2020-10-20 14:06 

Axios

In photos: Florida breaks record for in-person early voting...

More Floridians cast early ballots for the 2020 election on Monday than in the first day of in-person early voting in 2016, shattering the previous record by over 50,000 votes, Politico reports. The big picture: Voters have already cast over 31 million ba...

 2020-10-20 14:02 

Axios

Reports: Justice Department to file suit against Google...

The Justice Department will unveil its long-awaited antitrust lawsuit against Google today, according to reports in the Wall Street Journal and other outlets, charging the company with abusing a monopoly position in search and search advertising. Details ...

 2020-10-20 13:27 

Axios

The SPAC boom is starting to crack...

The SPAC boom is beginning to show its first cracks, as several private equity-sponsored efforts have needed to downsize. Driving the news: Cerberus yesterday shrunk the anticipated IPO for its telecom-focused SPAC from $400 million to $300 million. River...

 2020-10-20 13:03 

Axios

China's foreign ministry is accusing the Trump administration of "major retrogression" on climate...

Well that, as Ron Burgundy would say , escalated quickly. China's foreign ministry is accusing the Trump administration of "major retrogression" on climate and being an environmental "troublemaker." Why it matters: China's unusual ...

 2020-10-20 11:48 

Axios

Americans' trust in the Fed keeps falling...

Data: Axios/Ipsos poll; Note: 3.3% margin of error; Chart: Axios Visuals Americans' trust in the Federal Reserve fell again in October, with just 34% saying they have a fair amount or a great deal of trust in the central bank in the latest Axios/Ipsos...

 2020-10-20 10:00 

Axios

USA Today breaks tradition by endorsing Joe Biden...

USA Today, the largest newspaper by circulation in America, gave Joe Biden its first-ever presidential endorsement on Tuesday. The big picture : A slew of media companies are endorsing a candidate this year for the first time ever, citing the unprecedente...

 2020-10-20 10:00 

Axios

Exclusive: AP to call elections for Alexa and other Big Tech channels...

Many of the world's biggest tech and telecom companies, like Google, Amazon, Microsoft and AT&T, are licensing the Associated Press' election results to power their voice, video and search products, executives tell Axios. How it works: Because tec...

 2020-10-20 09:40 

Axios

Cities brace for Election Day chaos...

Worst-case scenarios for Election Day: Illegal militias show up fully armed at polling places. People are intimidated from voting. Extremist groups launch violent protests that last for days. Why it matters: Mayors are playing down the threats — pro...

 2020-10-20 09:30 

Axios

The next environmental crisis could be in space...

An unexpected frontier is facing calls for new environmental regulations and cleanup: outer space. Why it matters: Space junk clutters up orbits and poses an urgent threat to weather, security, communications and other satellites. Long-term, you can't...

 2020-10-20 09:00 

Axios

Axios-Ipsos poll: Trump's sickness makes him harder to trust...

Data: Axios/Ipsos poll; Note: 3.3% margin of error; Chart: Axios Visuals Large shares of women, seniors and independents now say they're less likely to trust President Trump for accurate information about COVID-19 since he caught it himself, according...

 2020-10-20 09:00 

Axios

The third wave of the coronavirus is gaining steam...

Data: The COVID Tracking Project ; Map: Naema Ahmed/Axios The percentage of coronavirus tests coming back positive is rising across the country, including in states that are also seeing a spike in cases. Why it matters: High positivity rates indicate a wo...

 2020-10-20 09:00 

Axios

New York Post's Hunter Biden story goes massive on social media despite crackdowns...

Data: NewsWhip; Chart: Naema Ahmed/Axios Facebook and Twitter's frantic attempts to stop the spread of the New York Post's Hunter Biden story didn't prevent the article from becoming the top story about the election on those platforms last wee...

 2020-10-20 05:12 

Axios

The 2020 holiday season may just kill Main Street...

Online shopping and e-commerce have been chipping away at brick-and-mortar retailers over the years and the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow. State of play: Anxious consumers say financial...

 2020-10-20 03:31 

Axios

Gov. Gavin Newsom says California will independently review FDA-approved coronavirus vaccines...

California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday. Why it matters: The move that comes days ...

 2020-10-20 00:01 

Axios

Microphones will be muted during parts of Thursday's presidential debate...

The Commission on Presidential Debates adopted new rules on Monday to mute microphones to allow President Trump and Joe Biden two minutes of uninterrupted time per segment during Thursday night's debate, AP reports . Why it matters: In the September d...

 2020-10-19 23:19 

Axios

Supreme Court denies Pennsylvania GOP request to limit mail-in voting...

The Supreme Court on Monday denied a request from Pennsylvania's Republican Party to shorten the deadlines for mail-in ballots in the state. Thanks to the court's 4-4 deadlock, ballots can be counted for several days after Election Day. Why it mat...

 2020-10-19 20:38 

Axios

Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic...

President Trump attacked CNN for continuing to cover the coronavirus pandemic, calling the network "dumb b*stards" at a campaign rally in Prescott, Arizona on Monday. Why it matters: The president's attacks on the media and Anthony Fauci , the...

 2020-10-19 19:44 

Axios

Deal to remove Sudan as terror sponsor paves way for Israel move...

Secretary of State Mike Pompeo (L) meets with Sudanese Prime Minister Abdallah Hamdok in Khartmoum. Photo: Handout via Getty Images President Trump announced Monday that he will be removing Sudan from the State Department's state sponsors of terrorism...

 2020-10-19 18:26 

Axios

Socialists win Bolivia election one year after controversial Morales ouster...

Leftist candidate Luis Arce won an "overwhelming and clear" victory in Bolivia's presidential election, his chief opponent said Monday in a concession speech. Why it matters: Looming over Sunday's vote were the events of one year ago, when...

 2020-10-19 17:30 

Axios

U.S. charges Russian intelligence officers for massive cyberattacks beginning in 2015...

A federal grand jury has returned a 7-count indictment against six Russian military intelligence officers for major hacking operations targeting foreign elections, the Olympics and computer systems worldwide that resulted in nearly $1 billion in losses, t...

 2020-10-19 15:40 

Axios

Trump calls Fauci a "disaster" on campaign call...

During a campaign call on Monday, President Trump slammed infectious disease expert Anthony Fauci, calling him a "disaster," and that "people are tired of COVID," according to multiple reporters who listened to the call. Driving the news: ...

 2020-10-19 11:40 

Axios

The Fed is starting to question its own policies...

Several officials at the Fed are beginning to worry about asset bubbles and excessive risk-taking as a result of their extraordinary policy interventions, James Politi writes for the Financial Times , citing interviews with multiple Fed presidents and mem...

 2020-10-19 09:40 

Axios

Why education technology can't save remote learning...

The coronavirus-sparked shift to widespread remote work has been generally smooth because most modern offices were already using a raft of communication, collaboration and administrative tools. Remote learning has faced a much rougher transition. Why it m...

 2020-10-19 09:30 

Axios

Coronavirus hospitalizations are on the rise...

Data: The COVID Tracking Project , Harvard Global Health Institute ; Cartogram: Andrew Witherspoon/Axios Coronavirus hospitalizations are increasing in 39 states, and are at or near their all-time peak in 16. The big picture: No state is anywhere near the...

 2020-10-19 09:00 

Axios

The pandemic is destroying energy efficiency...

The coronavirus pandemic is systematically demolishing the entire concept of efficiency. Why it matters : Using energy more efficiently accounts for the largest share — nearly 40% — of the reductions in heat-trapping emissions needed to meet t...

 2020-10-19 06:00 

Axios

China threatens to detain U.S. citizens if DOJ prosecutes scholars with Chinese military ties...

Chinese officials told the Trump administration they may detain Americans in China if the DOJ prosecutes scholars with ties to the Communist country's military, the Wall Street Journal first reported and Axios has confirmed. Why it matters: It's t...

 2020-10-19 03:04 

Axios

Judge blocks Trump admin plan to cut food stamps to 70,000 unemployed Americans...

A federal judge in Washington, D.C., on Sunday called Trump administration plans to cut food stamp benefits for almost 700,000 jobless Americans "arbitrary and capricious" as she blocked the move, per the Washington Post . Details: The rule at iss...

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