Feb 21, 2017

Big in Business: California after oil

Royal Dutch Shell and Toyota are teaming up to build seven hydrogen fueling stations in California, a move that will help move the state toward its goal of having 100 such outposts by 2020, Bloomberg reports. The move illustrates California's ability to influence the business decisions of multinational companies as well as the global energy and automobile industry's willingness to imagine a life after the internal combustion engine. Shell CFO Simon Henry said in November that global demand for oil could peak in as little as five years.

Driving while texting is costing us all: The Wall Street Journal reports that auto insurance profits have fallen and insurance premiums have risen as a result of smartphone-related distracted driving. Despite automobiles having become safer themselves through upgraded technology, auto insurance rates have risen more than 16% since 2011.

Rating the retail sector: Big name retailers like Walmart, Macy's and Home Depot all report earnings on Tuesday. Walmart has managed to boost same-store sales for nine quarters in a row, but investors will be watching to see if it can maintain its profitability amid heavy investment in labor and store operations. On the other hand, Home Depot stock recently reached all-time highs as the home-improvement retailer has leveraged an improving real estate market to higher profits.

Go deeper

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 5,543,439 — Total deaths: 347,836 — Total recoveries — 2,266,394Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 1,669,040 — Total deaths: 98,426 — Total recoveries: 379,157 — Total tested: 14,604,942Map.
  3. Trump administration: Mike Pence's press secretary returns to work after beating coronavirus.
  4. States: New York reports lowest number of new coronavirus deaths since March.
  5. Public health: The final data for remdesivir is in and its benefits are rather limited.
  6. Education: A closer look at how colleges can reopenNotre Dame president says science alone "cannot provide the answer" to reopening.
  7. What should I do? Hydroxychloroquine questions answeredTraveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 1 hour ago - Politics & Policy

Pentagon watchdog sidelined by Trump resigns

Fine testiying before the Senate Judiciary Committee in 2017. Photo: Drew Angerer/Getty Images

Glenn Fine, the Pentagon's principal deputy inspector general, submitted his resignation on Tuesday.

Why it matters: President Trump removed Fine as the Pentagon's acting inspector general in April 7 after a group of independent federal watchdogs selected him to lead the Pandemic Response Accountability Committee, which was set up to oversee the rollout of the $2 trillion coronavirus relief bill.

New York reports lowest number of daily coronavirus deaths since March

The number of daily new coronavirus cases and deaths reported in New York was the lowest since the state started its lockdown in March, Gov. Andrew Cuomo said Tuesday, calling Memorial Day a "pivot point" for New York.

By the numbers: 73 New Yorkers died from coronavirus in the past 24 hours, and 200 people tested positive. Hospitalizations and intubations also decreased.