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In a dramatic reversal, 2020 frontrunner Joe Biden told a DNC summit in Atlanta Thursday night that would call for a repeal of the Hyde Amendment, per AP.

Be smart: This, plus Biden's left-of-Obama climate plan, shows the gravitational pull of liberals.

The big picture: Biden has been a longtime supporter of the amendment, which bans the use of federal funds for abortion services except in cases of rape, incest or life-threatening circumstances. Abortion rights have become an increasingly divisive topic for Democratic presidential hopefuls following a series of recent abortion bans in Red states.

  • Biden's campaign confirmed his support of the Hyde Amendment on Wednesday before he backpedaled on his decades-long support. Other 2020 Democrats used Biden's original stance to attack the front-runner, and position themselves as contenders.
  • Sen. Elizabeth Warren (D-Mass.) said Biden was wrong for supporting the congressional ban at an MSNBC town hall earlier in the week.
  • Former Rep. Beto O'Rourke (D-Tex.) also described Biden's abortion stance as "absolutely wrong."

What he's saying: Biden says at a time when Republicans are "are denying the poorest and vulnerable Americans," he can't rationalize supporting the amendment any longer, per NBC. He also said he only supported the amendment because he believed there was wide enough access to abortions without government support, per AP.

“If I believe health care is a right, as I do, I can no longer support an amendment” that makes it more difficult for some women to access health care."
— Former Vice President Joe Biden, reports the New York Times

Go deeper: Where Joe Biden stands on abortion

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Pac-12 football players threaten coronavirus opt-out

Illustration: Eniola Odetunde/Axios

A group of Pac-12 football players have threatened to opt out of the season unless the conference addresses systemic inequities and concerns related to the coronavirus pandemic.

Why it matters: College football players have never had more leverage than they do right now, as the sport tries to stage a season amid the pandemic. And their willingness to use it shows we've entered a new age in college sports.

Betting on inflation is paying off big for investors

Illustration: Aïda Amer/Axios

The specter of rising inflation is helping power assets like gold, silver and Treasury Inflation-Protected Securities (TIPS) to strong returns with record demand this year.

The big picture: Investors continue to pack in even as inflation metrics like the consumer price index (CPI) and personal consumption expenditure (PCE) index have remained anchored.

Scoop: Top CEOs urge Congress to help small businesses

Illustration: Eniola Odetunde/Axios

With a new coronavirus relief measure stalled in Congress, CEOs of some of the world's biggest companies have banded together to send a message to Washington: Get money to small businesses now!

Why it matters: "By Labor Day, we foresee a wave of permanent closures if the right steps are not taken soon," warns the letter, organized by Howard Schultz and signed by more than 100 CEOs.