Seth Perlman/AP

The results are in from the first year of America's first "soda tax," in Berkeley, CA:

For proponents: Sales of sugary sodas in Berkeley fell by 9.6%, while sales of bottled water increased by 15.6%.

For opponents: In areas near Berkeley, sales of sugary sodas with no tax increased 6.9%, indicating consumers may simply be buying cheaper sodas outside the city limits.

Why this matters: Public health advocates have argued that reducing how many sugary beverages people drink would reduce obesity and type 2 diabetes rates, and that a tax would change buying behavior. The Berkeley results seem to confirm that. Opponents like the soft drink industry, meanwhile, have argued that consumers will simply shop elsewhere for their sugary sodas, and now there's some proof of that as well.

Get smarter, faster: Cleveland Clinic CEO Toby Cosgrove told Axios he'd like to see a tax on sugar.

Go deeper

What to watch in tonight's debate

Joe Biden (left) and President Trump (right) are facing off in Cleveland for the first presidential debate. Photos: Alex Wong (of Biden) and David Hume Kennerly (of Trump)/Getty Images

President Trump will try to break Joe Biden's composure by going after his son Hunter and other family members in tonight's first presidential debate — a campaign source tells Axios "nothing will be off the table" — while Biden plans to stick to the economy, coronavirus and new revelations about how Trump avoided paying taxes.

Driving the news: Biden and Trump are set to debate at 9 p.m. ET at Case Western Reserve University in Cleveland, and it will be moderated by Fox News' Chris Wallace.

Massive layoffs hit Disney theme parks

A person posing for a photo in front of the iconic Disney castle at Disneyland Resort in Hong Kong on Sept, 25. Photo: Miguel Candela Poblacion/Anadolu Agency via Getty Images

Disney is laying off 28,000 workers at its theme parks and experiences and consumer products divisions, the company said in a statement Tuesday.

Why it matters: The coronavirus pandemic has forced the company to close its California theme parks and limit attendance at re-opened parks elsewhere around the U.S. Around 67% of the 28,000 laid off workers are part-time employees, according to Josh D’Amaro, chairman of Disney's parks, experiences and products division.

Erica Pandey, author of @Work
31 mins ago - Economy & Business

United States of burnout

Illustration: Aïda Amer/Axios

Postponed vacations, holidays in isolation and back-to-back virtual meetings are taking a toll on millions of American workers.

Why it matters: As we head into the fall, workers are feeling the burnout. Such a collective fraying of mental health at work could dampen productivity and hinder economic growth across the country.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!