As Beijing forces a sweeping national security law on Hong Kong, the once semi-autonomous city's status as one of Asia's largest financial hubs is at risk.
Why it matters: Political freedoms and strong rule of law helped make Hong Kong a thriving center for international banking and finance. But China's leaders may be betting that top firms in Hong Kong will trade some political freedoms for the economic prosperity Beijing can offer.
President Trump's exuberance around today's scheduled SpaceX launch — including his decision to travel to Florida to watch — goes beyond a personal fascination with astronauts, rockets, and how to make money and wield power in the next frontier.
The bottom line: There's a presidential election in November, and the U.S. space program enjoys wide support across party lines. It's good politics for Trump, at least for now.
- Global: Total confirmed cases as of 8 a.m. ET: 5,614,458 — Total deaths: 350,958 — Total recoveries — 2,307,510 — Map.
- U.S.: Total confirmed cases as of 8 a.m. ET: 1,681,418 — Total deaths: 98,929 — Total recoveries: 384,902 — Total tested: 14,907,041 — Map.
- Federal response: DOJ investigates meatpacking industry over soaring beef prices — Mike Pence's press secretary returns to work.
- Congress: House Republicans to sue Nancy Pelosi in effort to block proxy voting.
- Tech: Twitter fact-checks Trump's tweets about mail-in voting for first time — Google to open offices July 6 for 10% of workers.
- Public health: Coronavirus antibodies could give "short-term immunity," CDC says, but more data is needed— CDC releases guidance on when you can be around others after contracting the virus.
- What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagious — Masks, lending books and self-isolating — Exercise, laundry, what counts as soap — Pets, moving and personal health — Answers about the virus from Axios experts — What to know about social distancing — How to minimize your risk.
- Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.
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Americans are behaving very differently than they have in previous recessions — convinced that the coronavirus pandemic will soon pass, many continue to spend money as if nothing has changed.
Driving the news: The latest example of this trend is the Commerce Department's new home sales report, which showed home sales increased in April despite nationwide lockdowns that banned real estate agents in some states from even showing listed houses.
President Trump threatened to shut down or regulate social media platforms due to anti-conservative bias in a pair of Wednesday tweets — the day after Twitter's first fact-check against the president's claims on its platform.
Reality check: While his claim that social media companies target conservatives isn't new, an Axios analysis last year found that stories about the 2020 presidential election that drove the most engagement online often came from right-wing media outlets.
A wave of cyber-spying around COVID-19 medical research is once more demonstrating the perils of treating cybersecurity as a separate, walled-off realm.
Driving the news: U.S. officials recently announced an uptick in Chinese-government affiliated hackers targeting medical research and other facilities in the United States for data on a potential COVID-19 cure or effective treatments to combat the virus. Additionally, “more than a dozen countries have redeployed military and intelligence hackers to glean whatever they can about other nations’ virus responses,” reports the New York Times.
The coronavirus pandemic has forced a large-scale experiment in working from home. It has gone well enough that many companies are expanding their remote work expectations for the foreseeable future, and remote employees want to continue to work that way.
Yes, but: The downsides of remote work — less casual interaction with colleagues, an over-reliance on Zoom, lack of in-person collaboration and longer hours — could over time diminish the short-term gains.
Nearly half of Americans said that either they or someone in their household has skipped or delayed needed medical care because of the coronavirus, according to new polling by the Kaiser Family Foundation.
Why it matters: Shutting down elective medical care may have been necessary, particularly in coronavirus hotspots, but will have lasting effects on some patients.
As states open up, businesses are starting to call their employees back to work, but many don’t feel safe going back.
Why it matters: This is poised to be the next big challenge in the American economy: workers may be forced to chose between their health and their livelihood.
Minneapolis police used tear gas during clashes with protesters demonstrating Tuesday night over the death of George Floyd, an African American man who died in police custody, according to multiple news reports and images shared to social media.
Driving the news: The FBI is investigating Floyd's death after video emerged of a Minneapolis police officer kneeling on his neck for several minutes, ignoring protests that he couldn't breathe. Hundreds of protesters attended the demonstration at the intersection where Floyd died, per the Guardian.
The number of deaths from the novel coronavirus surpassed 350,000 globally on Wednesday morning, per Johns Hopkins data.
By the numbers: More than 5.9 million people have tested positive for COVID-19 and over 2.2 million have recovered from the virus. The U.S. has reported the most cases in the world (over 1.6 million from 14.9 million tests).
Hong Kong riot police fired pepper pellets at activists and surrounded the Legislative Council during demonstrations against a bill proposing to criminalize "disrespect of the Chinese anthem" on Wednesday, per Reuters.
Why it matters: The bill is the latest concern pro-democracy protesters have that Chinese authorities are encroaching on the high degree of autonomy the former British colony has retained since it was returned to China in 1997.
Virginia Gov. Ralph Northam announced plans Tuesday to make wearing face coverings mandatory statewide for most people over the age of 10 when inside public places. The measure is effective Friday and applies to places like retailers, on public transportation and government buildings.
By the numbers: More than 98,900 people have died from the novel coronavirus and over 1.6 million have tested positive in the U.S. Over 384,900 Americans have recovered and more than 14.9 million tests have been conducted.
Coronavirus antibody tests are still relatively unreliable, and it's unclear if people who get the virus are immune to getting it again, the Centers for Disease Control and Prevention cautioned on Tuesday.
What they're saying: The agency explicitly warned against using antibody tests to determine whether someone should return to work or to group people within schools or prisons.
President Trump responded via tweets Tuesday evening to Twitter fact-checking him for the first time on his earlier unsubstantiated posts claiming mail-in ballots in November's election would be fraudulent.
What he's saying: "Twitter is now interfering in the 2020 Presidential Election.They are saying my statement on Mail-In Ballots, which will lead to massive corruption and fraud, is incorrect, based on fact-checking by Fake News CNN and the Amazon Washington Post," the president tweeted. "Twitter is completely stifling FREE SPEECH, and I, as President, will not allow it to happen!"