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Data: Rhodium Group; Chart: Axios Visuals

Automotive emissions standards — essentially a proxy for mileage improvements — would rise under an agreement with California by four big automakers, according to an analysis from The Rhodium Group.

What they found: Under the California deal, the group estimates "that fleetwide average rises to 39 to 41 mpg in 2025, and 42 to 45 mpg by 2030." That would be less than Obama-era standards but still higher than under Trump's plan to freeze mileage rules.

  • The analysis assumes that Ford, Honda, BMW and VW — which together represent about a third of the U.S. market — sell cars nationwide that comply with the California deal.

By the numbers: It estimates that the California deal "could reduce emissions by 184 to 266 million metric tons (MMTs) cumulatively from 2021 to 2035 relative to Trump's pending rollback."

  • If all automakers active in U.S. markets signed on, "cumulative reductions would jump to 557 to 807 MMT over the same timeframe."
  • That would be "on par" with the effects of the Obama-era standards.

Go deeper: Trump gets personal in auto emissions fight

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Fund managers start to board the stock bandwagon

Illustration: Aïda Amer/Axios

Asset managers at major U.S. investment firms are starting to get bullish with their clients, encouraging stock buying and trying not to get left behind right as the metrics on tech stocks rise back to highs not seen since the dot-com crash of 2000.

What's happening: Appetite for stocks is starting to return, but slowly as institutional money managers were overwhelmingly sitting on the sidelines in cash during April and May.

2 hours ago - World

China bans Cruz and Rubio over Xinjiang criticism

Photos: Graeme Jennings/Pool/Getty Images; Al Drago/Pool/Getty Images

China said Monday that it will ban entry to Sens. Marco Rubio (R-Fla.) and Ted Cruz (R-Texas) over their criticisms of human rights abuses in Xinjiang, the AP reports.

The big picture: The move seems to be retaliatory after the U.S. announced sanctions on four Chinese officials for human rights abuses against Uighur Muslims and other ethnic minorities in the region last week.

Roger Stone says he plans to campaign for Trump

Roger Stone appears yesterday outside his home in Fort Lauderdale. Photo: Johnny Louis/Getty Images

Roger Stone told Axios in a phone interview that he plans to write and speak for President Trump's re-election now that Stone "won't die in a squalid hellhole of corona-19 virus."

"I'm asthmatic," said Stone, 67. "Sending me to a prison where I could not be socially distanced ... would, I think, be a death sentence."