John Minchillo / AP

Shares of the electronic health record company Athenahealth soared by more than 17% this morning after Paul Singer, the activist investor who runs the hedge fund Elliott Associates, bought more than 9% of Athenahealth's stock, according to a Securities and Exchange Commission filing. Athenahealth has about $1 billion of revenue and sells most of its cloud-based technology to doctors and small hospitals.

The filing says Singer is willing to shake up the board of directors, push for a sale or make changes to the management team, which is led by CEO Jonathan Bush — the cousin of Jeb and George W. Bush. Investors recently hammered Athenahealth after the company registered a poor first quarter.

Between the lines: Changes usually occur after an activist investor like Singer takes a hostile stake, and this could lead to some fireworks given Bush's candid personality. Athenahealth and Elliott Associates did not immediately respond.

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Trump commutes Roger Stone's sentence

Roger Stone arriving at his sentencing hearing on Feb. 20. Photo: Drew Angerer/Getty Images

President Trump on Friday evening commuted the sentence of his longtime associate Roger Stone, according to two senior administration officials. Stone in February was sentenced to 40 months in prison for crimes including obstruction, witness tampering and making false statements to Congress.

Why it matters: The controversial move brings an abrupt end to the possibility of Stone spending time behind bars. He had been scheduled to report to prison on July 14.

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Which states have set single-day coronavirus records this week

Data: COVID Tracking Project and state health department data compiled by Axios; Map: Danielle Alberti and Naema Ahmed/Axios

13 states this week surpassed records set just last week for their highest number of coronavirus infections in a single day, according to the COVID Tracking Project and state health department data. 16 states in total reported new highs.

The big picture: The United States' alarming rise in coronavirus cases isn't just due to increased testing — particularly where the number of cases has grown fastest over the last month, Axios' Andrew Witherspoon and Caitlin Owens report.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6:30 p.m. ET: 12,389,660 — Total deaths: 557,279 — Total recoveries — 6,830,596Map.
  2. U.S.: Total confirmed cases as of 6:30 p.m. ET: 3,169,611 — Total deaths: 133,885 — Total recoveries: 983,185 — Total tested: 38,856,341Map.
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  4. Trade: Trump says he's no longer considering phase-two trade deal with China because the pandemic damaged the two countries' relationship.
  5. 🎧 Podcast: Rural America has its own coronavirus problem.