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On Wednesday morning, Axios co-founder & CEO Jim VandeHei discussed the economic fallout of COVID-19 with the founder of Humanity Forward and former 2020 Democratic presidential candidate Andrew Yang, covering the stimulus package, job loss and data privacy.

  • Andrew Yang on the long-term effects of job loss: “A lot of people who lost their jobs are never going to see their jobs again…We’re going to see 10 years' worth of change in 10 weeks."
  • Andrew Yang on the need for increased financial support: "[The government] needs to make very dramatic moves to allow millions of Americans to have, frankly, the knowledge that they can feed their families in the days to come."
  • He didn't rule out a run for New York City mayor in 2021, saying he "wants to help solve the problems that are coming down the pike."

In a View from the Top segment, Jim VandeHei was joined by Vault12 Co-founder and CEO, Max Skibinsky to discuss the impact of coronavirus on consumer privacy.

  • Max Skibinsky on the coming shifts around privacy: "In the next couple of years we're going to see a massive clash between people's desire for privacy and governments' around the world much greater desire for surveillance."

Axios Business Editor Dan Primack and Credit Karma founder and CEO Kenneth Lin unpacked the future of financial security, honing in on how consumers can be proactive with their finances.

  • Kenneth Lin on empowering consumers: "Consumers are hopelessly outgunned in many ways...banks and financial services companies have so much data…and we’ve always tried to level the playing field."
  • Kenneth Lin on whether our financial data and our health data could be merged to make lending decisions: “It’s pretty far off because of data privacy and protection…but there will be a moment in time where consumers will have control of their financial data.”

In the concluding 'Why it Matters' segment, Jim VandeHei and Dan Primack answered reader questions, discussing industry-specific impacts.

  • Dan Primack on business operations: "Flying could be the biggest change for companies in rethinking how they operate in the wake of the pandemic...Business travel is one thing that's definitely going to change."

Thank you Vault12 for sponsoring this event.

Go deeper

Updated 4 hours ago - World

Skripal poisoning suspects linked to Czech blast, as country expels 18 Russians

Combined images released by British police in 2018 of Alexander Petrov (L) and Ruslan Boshirov, who are suspected of carrying out an attack in the in the southern English city of Salisbury using Novichok, a military-grade nerve agent, and also the2014 Czech depot explosion. Photo: Metropolitan Police via Getty Images

Czech police on Saturday connected two Russian men suspected of carrying out a poisoning attack in Salisbury, England, with a deadly ammunition depot explosion southeast of the capital, Prague, per Reuters.

Driving the news: Czech officials announced Saturday they're expelling 18 Russian diplomats they accuse of being involved in the blast in Vrbětice, AP notes. Czech police said later they're searching for two men carrying several passports — including two with the names Alexander Petrov and Ruslan Boshirov.

Indianapolis mass shooting suspect legally bought 2 guns, police say

Marion County Forensic Services vehicles are parked at the site of a mass shooting at a FedEx facility in Indianapolis, Indiana, on Friday. Photo: Jeff Dean/AFP via Getty Images

The suspected gunman in this week's mass shooting at a FedEx facility in Indianapolis legally purchased two "assault rifles" believed to have been used in the attack, police said late Saturday.

Of note: The Indianapolis Metropolitan Police Department's statement that Brandon Scott Hole, 19, bought the rifles last July and September comes a day after the FBI told news outlets that a "shotgun was seized" from the suspect in March 2020 after his mother raised concerns about his mental health.

U.S. and China agree to take joint climate action

US Special Presidential Envoy for Climate John Kerry waves as he arrives at the Elysee Presidential Palace on March 10, 2021 in Paris. Photo: Chesnot/Getty Images

Despite an increasingly tense relationship, the U.S. and China agreed Saturday to work together to tackle global climate change, including by "raising ambition" for emissions cuts during the 2020s — a key goal of the Biden administration.

Why it matters: The joint communique released Saturday evening commits the world's two largest emitters of greenhouse gases to work together to keep the most ambitious temperature target contained in the Paris Climate Agreement viable by potentially taking additional emissions cuts prior to 2030.