Jun 1, 2019 - Economy & Business

AOC bartends in support of minimum wage

In her role as U.S. House representative, Alexandria Ocasio-Cotez (D-N.Y.) takes home $174,000 annually; but she picked up a bartending shift on Saturday in an effort to increase awareness about raising the national minimum wage to $15.

What she's saying: At the event, Ocasio-Cortez proclaimed: "Any job that pays $2.13 an hour is not a job. It's indentured servitude. All labor has dignity and the way that we give labor dignity is by paying people the respect and the value that they are worth... We have to raise the national minimum wage to $15 an hour."

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Marisa Fernandez

21 mins ago - Health

WHO head: There will be no return to the "old normal" in near future

World Health Organization director-general Tedros Adhanom Ghebreyesus. Photo: Fabrice Coffrini/POOL/AFP via Getty Images

World Health Organization director-general Tedros Adhanom Ghebreyesus warned Monday that "there will be no return to the 'old normal' for the foreseeable future," but that there is a "roadmap" for struggling countries to get the virus under control.

Why it matters: A record 230,000 new cases of COVID-19 were reported to the WHO on Sunday, as total infections approach 13 million worldwide.

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Axios

Updated 39 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

Global: Total confirmed cases as of 11 a.m. ET: 12,945,828 — Total deaths: 569,878 — Total recoveries — 7,147,807 — Map.
U.S.: Total confirmed cases as of 11 a.m. ET: 3,308,165— Total deaths: 135,219 — Total recoveries: 1,006,326 — Total tested: 40,282,176 — Map.
Public health: Houston public health system CEO says situation is "dire."
Eduction: College fraternity houses could become hotbeds.
🎧 Podcast: PPE shortages strike again amid surge.

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Dan Primack

2 hours ago - Health

SPACs are the new IPOs

Illustration: Aïda Amer/Axios

Churchill Capital Corp. III has agreed to acquire health-cost management services provider MultiPlan at an initial enterprise value of $11 billion, as such deals continue to proliferate as alternatives to IPOs.

Why it matters: This is the largest special purpose acquisition company (SPAC) merger, and it also includes the largest private investment in public equity (PIPE) associated with a SPAC. Existing MultiPlan owners like Hellman & Friedman and General Atlantic will roll over more than 75% of their collective stake and own over 60% of the public company.