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Michael Zeisser confirms to Axios that he has stepped down as Alibaba Group's chairman of U.S. investments. In an emailed statement he said:

"My work was done, the portfolio is in great shape, and the incessant travel to China was killing me. Very smooth and amicable transition. Go Alibaba!"

He’s expected to be replaced by Peter Stern, who also may assume Zeisser’s board observer roles at Lyft and Magic Leap.

Recode was first to report the news, suggesting that Zeisser and Alibaba co-founder Joe Tsai had strategic disagreements.

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Updated 55 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1:30 p.m. ET: 31,120,980 — Total deaths: 961,656— Total recoveries: 21,287,328Map.
  2. U.S.: Total confirmed cases as of 1:30 p.m. ET: 6,819,651 — Total deaths: 199,606 — Total recoveries: 2,590,671 — Total tests: 95,108,559Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Politics: House Democrats file legislation to fund government through Dec. 11.
  5. Business: Unemployment concerns are growing.
  6. World: "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

House Democrats file legislation to fund government through Dec. 11

House Speaker Nancy Pelosi (D-Calif.). Photo: Chip Somodevilla/Getty Images

House Democrats on Monday released their proposal for short-term legislation to fund the government through December 11.

Why it matters: This is Congress' chief legislative focus before the election. They must pass a continuing resolution (CR) before midnight on Oct. 1 to avoid a government shutdown — something both Hill leaders and the White House have claimed is off the table.

Updated 1 hour ago - Politics & Policy

Ruth Bader Ginsburg will lie in state in Capitol's National Statuary Hall

Photo: Getty Images

House Speaker Nancy Pelosi announced Monday that the late Supreme Court Justice Ruth Bader Ginsburg will lie in state in the Capitol's National Statuary Hall on Friday, making Ginsburg the first woman to ever receive the honor.

The state of play: The Supreme Court also announced Monday that Ginsburg will lie in repose on the front steps of the building on Wednesday and Thursday, allowing the public to pay respects to the late justice outside.