Photo: Patrick Pleul/picture alliance via Getty Images

Amazon is buying Zoox, a self-driving car startup, its biggest move yet into autonomous technology. Amazon is paying around $1.2 billion, according to a source familiar with the price.

Why it matters: While previous investments in electric truck manufacturer Rivian and self-driving tech company Aurora Innovation seemed focused on facilitating package delivery, Amazon made clear today it will help bring Zoox's ambitious robot-taxi plan to fruition.

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Jun 26, 2020 - Technology

Amazon to pay $1 billion+ for self-driving tech firm Zoox

A Zoox self-driving test vehicle. Photo: Zoox

Amazon announced a deal to purchase self-driving vehicle technology provider Zoox for upwards of $1 billion.

Why it matters: While Apple, Google and others have invested in self-driving technology, Amazon is the one whose core business could benefit the most, given how much the company spends to deliver goods to consumers.

15 mins ago - Health

Top business leaders urge White House to develop mandatory mask guidelines

A man walks past a Ramen restaurant in Los Angeles, California on July 1. Photo: Frederic J. Brown/AFP via Getty Images

The heads of the U.S. Chamber of Commerce, Business Roundtable, National Retail Federation and other top business organizations wrote an open letter on Thursday urging the White House coronavirus task force to work with governors to make face coverings mandatory in all public spaces.

Driving the news: An analysis led by Goldman Sachs' chief economist found that a national mandate requiring face coverings would "could potentially substitute for lockdowns that would otherwise subtract nearly 5% from GDP," the Washington Post reports.

Updated 46 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3:30 p.m. ET: 10,763,604 — Total deaths: 517,667 — Total recoveries — 5,522,094Map.
  2. U.S.: Total confirmed cases as of 3:30 p.m. ET: 2,715,124 — Total deaths: 128,439 — Total recoveries: 729,994 — Total tested: 32,827,359Map.
  3. Public health: What we know about the immune response to coronavirus and what it means for a vaccine.
  4. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  5. States: Florida reports more than 10,000 new coronavirus cases — 5 states saw 27% spike in heart-related deaths in first 3 months of coronavirus pandemic.