Photo: NASA

The sheer size and scale of the fires raging in Australia can perhaps best be seen from space.

The big picture: Australia's extreme fires have been made worse by climate change, which exacerbated the country's hot and dry conditions.

Details: Astronauts on the International Space Station caught sight of smoke from the historic fires raging in Australia earlier this month.

  • The station was orbiting 269 miles above the Tasman Sea when this photo was taken on Jan. 4.
  • This season's bushfires in Australia have been far worse than usual, with severe drought and higher-than-normal heat fueling the flames.

Go deeper... Australia's deadly fires: What you need to know

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M&A activity falls despite early coronavirus fears

Illustration: Aïda Amer/Axios

In April, several prominent Democrats proposed a moratorium on large mergers and acquisitions. Their argument was that the pandemic would embolden the strong to pounce on the weak, thus reducing competition.

Fast forward: The moratorium never materialized. Nor did the M&A feeding frenzy.

More than 32 million Americans are receiving unemployment benefits

Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.

2 hours ago - Sports

Alumni fight to save college sports

Data: Mat Talk Online; Chart: Andrew Witherspoon/Axios

242 collegiate athletic programs have been cut amid the pandemic, altering the careers and lives of thousands of student-athletes.

Yes, but: Some passionate alumni groups have opted to fight, banding together in hopes of saving the programs they helped build and continue to love.