Arkansas is counting on its schools to be open in the fall, Gov. Asa Hutchinson (R) said at an Axios virtual event Tuesday.

The big picture: Hutchinson said he expects that his state will have the capacity to manage the virus through contact tracing and other measures if it returns, and that schools may have to close for several days if necessary. Hutchinson closed schools for the rest of the school year in early April.

What he's saying: "I don't expect next year if there's somewhat of a resurgence that we'll be closing the same level of businesses that we did this year. ... In terms of our schools, we're going to start. We're going to have full-blown activities," Hutchinson said.

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Virtual school is another setback for struggling retail industry

Illustration: Annelise Capossela/Axios

A virtual school year will likely push retailers even closer to the brink.

Why it matters: Back-to-school season is the second-biggest revenue generating period for the retail sector, after the holidays. But retailers say typical shopping sprees will be smaller with students learning at home — another setback for their industry, which has seen a slew of store closures and bankruptcy filings since the pandemic hit.

1 hour ago - Health

The pandemic hasn't hampered the health care industry

Illustration: Rebecca Zisser/Axios

The economy has been tanking. Coronavirus infections and deaths have been rising. And the health care industry is as rich as ever.

The big picture: Second-quarter results are still pouring in, but so far, a vast majority of health care companies are reporting profits that many people assumed would not have been possible as the pandemic raged on.

Column / Harder Line

How climate and business woes are sinking a natural-gas project

Illustration: Annelise Capossela/Axios

The Trump administration recently touted its approval of America’s first terminal on the West Coast to export liquefied natural gas. There’s just one problem: it probably won’t be built.

Why it matters: The project in southern Oregon faces political and business hurdles serious enough that those who are following it say it will be shelved. Its problems embody the struggles facing a once-promising sector that's now struggling under the weight of the pandemic and more.