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Despite being terminally ill with pancreatic cancer, the late singer Aretha Franklin did not leave a will for her four sons and other family members, leaving them to determine the value of her assets and divide them up equally, reports the AP.

The details: It's unclear why Franklin never outlined a will while she was alive, but estate lawyers told the AP that it isn't uncommon for a wealthy person to put off the inheritance question until too late. The sum total of Franklin's estate likely runs in the tens of millions, but a wide range of estimates is expected as family lawyers and the IRS attempt to shape the value for their respective tax agendas.

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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.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 12,970,605 — Total deaths: 570,220 — Total recoveries — 7,154,492Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 3,327,388— Total deaths: 135,295 — Total recoveries: 1,006,326 — Total tested: 40,282,176Map.
  3. Public health: WHO head: There will be no return to the "old normal" for the foreseeable future.
  4. Politics: Mick Mulvaney: "We still have a testing problem in this country."
  5. World: Hong Kong Disneyland closing due to surge.
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.