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President Trump shakes hands with Saudi Arabia's Crown Prince Mohammed bin Salman on March 20, 2018. Photo: Mandel Ngan/AFP/Getty Images

An emergency authorization in May from the Trump administration allowed the American defense firm Raytheon Company to work with Saudi Arabia to "build high-tech bomb parts" in the country, the New York Times reports.

Why it matters: Human rights groups have reported the use of these precision-guided bombs in airstrikes on civilians. Raytheon is now prepared to ship at least 120,000 precision-guided bombs to the Saudi-led coalition in Yemen, as part of a larger arms package — and "some in Congress fear the surplus would let the countries continue fighting in Yemen long into the future," per the NYT.

Where it stands: Raytheon representatives say they are still negotiating specifics with the Saudi government, per the Times. Congressional review of the weapon sales was waived as a result of the Trump administration's emergency authorization; Congress has been "informally blocking" the sale since at least May of last year.

The bottom line: "Lawmakers ... were seeking assurances that the Saudis could prevent the American technology from falling into the wrong hands," per the NYT. A CNN exclusive investigation found that Saudi Arabia and its coalition partners transferred the American-made weapons to al Qaeda-linked fighters, Salafi militias and others involved in the Yemen war, violating agreements with the United States.

Go deeper ... Trump: The Saudis "don't know how to use" U.S. bombs

Go deeper

Ina Fried, author of Login
17 mins ago - Economy & Business

The pandemic isn't slowing tech

Illustration: Eniola Odetunde/Axios

Thursday's deluge of Big Tech earnings reports showed one thing pretty clearly: COVID-19 may be bad in all sorts of ways, but it's not slowing down the largest tech companies. If anything, it's helping some companies, like Amazon and Apple.

Yes, but: With the pandemic once again worsening in the U.S. and Europe, it's not clear how long the tech industry's winning streak can last.

Texas early voting surpasses 2016's total turnout

Early voting in Austin earlier this month. Photo: Sergio Flores/Getty Images

Texas' early and mail-in voting totals for the 2020 election have surpassed the state's total voter turnout in 2016, with 9,009,850 ballots already cast compared to 8,969,226 in the last presidential cycle.

Why it matters: The state's 38 Electoral College votes are in play — and could deliver a knockout blow for Joe Biden over President Trump — despite the fact that it hasn't backed a Democrat for president since 1976.

Wall Street braces for more turbulence ahead of Election Day

Illustration: Eniola Odetunde/Axios

Wall Street is digging in for a potentially rocky period as Election Day gets closer.

Why it matters: Investors are facing a "three-headed monster," Brian Belski, chief investment strategist at BMO Capital Markets, tells Axios — a worsening pandemic, an economic stimulus package in limbo, and an imminent election.

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