Nov 25, 2017

Bezos wealth tops $100 billion

Amazon and Cerner will analyze health care data together. Photo: Ted S. Warren / AP

The personal fortune of Jeff Bezos rose $2.4 billion on Friday to $100.3 billion according to Bloomberg calculations. His wealth has grown $32.6 billion this year and he's the first person to be worth more than $100 billion since 1999 when Bill Gates was briefly that rich (Gates is now at $86.8 billion).

Why it matters: The surge in Bezos' Amazon.com stock was driven by strong online Black Friday sales, which were up 18.4% over last year, according to Adobe ANalytics data cited by Bloomberg. Amazon is responsible for a big part of online retail.

Go deeper: Read the Axios 10 big things on the future of retail; See the Bloomberg Billionaires Index

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Dave Lawler
8 hours ago - World

China-Iran deal envisions massive investments from Beijing

Illustration: Aïda Amer/Axios

China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

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Axios
Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 13,048,249 — Total deaths: 571,685 — Total recoveries — 7,215,865 — Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,353,348— Total deaths: 135,524 — Total recoveries: 1,031,856 — Total tested: 40,282,176 — Map.
  3. World: WHO head: There will be no return to the "old normal" for foreseeable future — Hong Kong Disneyland closing due to surge.
  4. States: Houston mayor calls for two-week shutdown — California orders sweeping rollback of open businesses — Cuomo says New York will use formula to determine if reopening schools is safe.
  5. Education: Los Angeles schools' move to online learning could be a nationwide tipping point.
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Zachary Basu
10 hours ago - Politics & Policy

House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.

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