Bruce Smith / AP

Organized labor was dealt a major blow on Wednesday when 74% workers at Boeing's North Charleston, South Carolina plant voted to remain union free. The result is salt in the wound of the labor movement, whose leaders backed Hillary Clinton in November, though its rank and file voted for the Republican nominee at the highest rate since the 1980s. The news comes as a relief to Boeing, which invested billions in South Carolina after a costly machinist union strike at its Washington facilities in 2008.

Verizon gets a discount: Revelations last year of massive hacking breaches at Yahoo in 2013 and 2014 has enabled Verizon to negotiate a $300 billion discount for its acquisition of the search giant. The Wall Street Journal reports that a new agreement could be hammered out by the end of the week, in time for the deal to be finalized in April, though an ongoing SEC investigation into whether Yahoo should have disclosed the new sooner may slow progress.

Wall Street braces for higher interest rates:

Data describing rising inflation and stronger retail sales, combined with Janet Yellen's

bullish commentary

before Congress this week has led to futures markets raising the odds that the Federal Reserve will raise interest rates at its next meeting next month. Wall Street Analysts concurred, with JPMorgan moving up its prediction for the first hike of 2017 to May rather than June, while Goldman Sachs said there was now a 30% chance of a hike next month, up from 20%.

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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.

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 — 7,215,865Map.
  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: 40,282,176Map.
  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 shutdownCalifornia 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.

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.