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The story of American businesses in the coronavirus pandemic is a tale of two markets — one made up of tech firms and online retailers as winners awash in capital, and another of brick-and-mortar mom-and-pop shops that is collapsing.
Why it matters: The coronavirus pandemic has created an environment where losing industries like traditional retail and hospitality as well as a sizable portion of firms owned by women, immigrants and people of color are wiped out and may be gone for good.
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Millions of angry gamers may soon join the chorus of voices calling for an antitrust crackdown on Apple, as the iPhone giant faces a new lawsuit and PR blitz from Epic Games, maker of mega-hit Fortnite.
Why it matters: Apple is one of several Big Tech firms accused of violating the spirit, if not the letter, of antitrust law. A high-profile lawsuit could become a roadmap for either building a case against tech titans under existing antitrust laws or writing new ones better suited to the digital economy.
Younger Americans are increasingly concerned that Social Security won't be enough to wholly fall back on once they retire, according to a survey conducted by AARP — in honor of today's 85th anniversary of the program — given first to Axios.
Why it matters: Young people's concerns about financial insecurity once they're on a restricted income are rising — and that generation is worried the program, which currently pays out to 65 million beneficiaries, won't be enough to sustain them.
One in four Americans is worried their ballot won't be accurately counted this year, and four in 10 worry mail-in voting could yield less reliable results, according to a new Axios-SurveyMonkey poll.
The big picture: Partisan identification is a massive driver of distrust in both categories — and the stakes are huge this year.
Joe Biden's campaign is doubling down on its criticism of President Trump's mishandling of the coronavirus, launching two new 30-second ads today on the heels of Biden's own call for an outdoor mask mandate.
Why it matters: With Biden's running mate, Kamala Harris, now in place to amplify and augment the message, the campaign is signaling it will hit Trump on the pandemic every day until Nov. 3.
On the next episode of "Axios on HBO," acting Secretary of Homeland Security Chad Wolf tells Axios co-founder Mike Allen why he "would be concerned" about Joe Biden and Kamala Harris in office.
Catch the full interview on Monday, August 17 at 11 p.m. ET/PT on all HBO platforms.
The coronavirus isn't as deadly for children as it is for adults, but kids still get it and can still get seriously sick from it. The risk is higher for Black and Hispanic children.
Why it matters: In communities with high caseloads, cases among children could explode as schools reopen. And kids in the communities already hit hardest by the pandemic are the most at risk.
The U.S. Postal Service told Pennsylvania officials in a July letter that "there is a significant risk" that mail-in ballots may not be delivered on time for the November election because the state’s election deadlines are "incongruous with the Postal Service’s delivery standards,” according to a Thursday court filing.
Why it matters: The letter comes as President Trump has repeatedly attacked mail-in voting and vowed that he will block demands to fund mail-in voting and the USPS, claiming without evidence that the ballots produce widespread voter fraud.
Palm Beach County election officials sent President Trump and First Lady Melania Trump their mail-in ballots on Wednesday for Florida’s Aug. 18 primary election.
Why it matters: Both Trump and his wife voted by mail in the presidential primary in March, according to records cited by AP. Trump continues to baselessly sow distrust in the mail-in voting process by claiming it leads to fraud with no evidence as November's general election inches closer. He also vowed to block stimulus funding to make implementing mail-in voting more difficult.
- Global: Total confirmed cases as of 5 a.m. ET: 20,936,041 — Total deaths: 759,844— Total recoveries: 13,006,841 — Map.
- U.S.: Total confirmed cases as of 5 a.m. ET: 5,254,171 — Total deaths: 167,242 — Total recoveries: 1,774,648 — Total tests: 64,831,306 — Map.
- Politics: House Democrats to investigate scientist leading vaccine project — McConnell says Senate won't vote until Sept. 8 unless stimulus deal is reached.
- 2020: Biden calls for three-month national mask mandate — Biden and Harris to receive briefings four times a week.
- States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
- Public health: Fauci's guidance on pre-vaccine treatments.
President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.
Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.