At the JP Morgan Healthcare Conference in San Francisco today, AbbVie CEO Richard Gonzalez vowed to keep drug price increases below 10%. AbbVie is joining Allergan and Novo Nordisk in setting a ceiling on price increases.

Talk about timing: Gonzalez spoke after Trump took slugs at the pharmaceutical industry during his press conference. AbbVie shares, along with the rest of the pharmaceutical industry, fell sharply--AbbVie ended up down 3.6%

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Updated 22 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 18,349,260 — Total deaths: 695,550 — Total recoveries — 10,951,112Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 4,732,418 — Total deaths: 155,942 — Total recoveries: 1,513,446 — Total tests: 57,543,852Map.
  3. States: New York City health commissioner resigns in protest of De Blasio's coronavirus response.
  4. Public health: 40% of Americans continue to put off medical care.
  5. Politics: Trump tells "Axios on HBO" that pandemic is "under control," despite surges in infections and uptick in deaths.
  6. Business: Low-income households are struggling to pay energy bills — Construction spending falls for 4th straight month.
Updated 31 mins ago - Science

The U.S. is at risk of attacks in space

Illustration: Annelise Capossela/Axios

Other nations are catching up to U.S. capabilities in space, potentially putting American assets in orbit at risk.

Why it matters: From GPS to imagery satellites and others that can peer through clouds, space data is integral to American national security.

1 hour ago - World

Massive explosion rocks Beirut

Photo: Anwar Amro/AFP via Getty Images

A major explosion has slammed central Beirut, Lebanon, damaging buildings as far as several miles away and reportedly injuring scores of people.

Driving the news: The cause of the explosion is unknown, as are details of possible deaths and injuries.