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Baby sea turtles are released to the sea. Photo: Barcroft Media via Getty Images

Australia is home to the Pacific Ocean's largest breeding ground for green sea turtles, and rising temperatures in the region are causing 99% of the sea turtles to be born female, the National Geographic reports.

The big picture: The "sex of a sea turtle is determined by the heat of sand incubating their eggs," per the National Geographic. Climate change is spurring warmer temperatures and favoring the development of female sea turtles over male ones. The issue has gotten so severe that females outnumber males 116 to 1.

Go deeper

Federal Reserve expands lending program for small businesses

Federal Reserve Chairman Jerome Powell at a news conference in 2019. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve said on Friday it would again lower the minimum loan size for its pandemic-era small business program.

Details: Businesses and nonprofits will be able to borrow a minimum of $100,000 from the facility, down from $250,000 — a move that might attract smaller businesses that don't need as hefty of a loan. Since the program launched earlier this year, the minimum loan size has been reduced twice.

2 hours ago - Economy & Business

How Trump and Biden would steer the future of transportation

Illustration: Eniola Odetunde/Axios

President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.