Bill Gates. Photo: Mike Cohen/Getty Images for The New York Times

Microsoft's Bill Gates topped Amazon's Jeff Bezos as the richest person in the world for the first time in two years on Friday, Bloomberg reports.

Driving the news: The Pentagon's recently announced decision to grant a $10 billion cloud-computing contract to Microsoft ahead of Amazon may have played a part in the news, according to Bloomberg.

  • Shares of Microsoft have increased 4% since the decision was announced on Oct. 25, pushing Gates' assets to $110 billion.

Yes, but: Bloomberg notes that Bezos' net worth would be far greater had he not divorced his now-ex-wife, MacKenzie Bezos, which he announced in January. MacKenzie received a quarter of their jointly held Amazon stock earlier this year.

  • Gates has also cut into his wealth by donating more than $35 billion to the Bill & Melinda Gates Foundation since 1994.

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42 mins ago - World

Hong Kong pro-democracy media tycoon Jimmy Lai arrested

Millionaire media tycoon Jimmy Lai (C) and other activists outside the West Kowloon Magistrates Court in Hong Kong in July. Photo: Anthony WallaceA/AFP via Getty Images

Hong Kong pro-democracy activist Jimmy Lai has been arrested for "collusion with foreign powers," said Mark Simon, an executive at the tycoon's media firm Next Digital Monday morning local time. His son was also arrested, Lai's newspaper Apple Daily reports.

Why it matters: They were arrested under the national security law imposed by China in late June that gives Beijing more powers over the former British colony, per Bloomberg. Lai is the most prominent person arrested under the law, which prompted the U.S. to sanction Chinese officials, including Hong Kong leader Carrie Lam, over Beijing's efforts to strip the territory of its autonomy.

Go deeper: With new security law, China outlaws global activism

Editor's note: This is a developing news story. Please check back for updates.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8:30 p.m. ET: 19,769,560— Total deaths: 729,351 — Total recoveries — 12,030,061Map.
  2. U.S.: Total confirmed cases as of 8:30 p.m. ET: 5,041,573 — Total deaths: 162,913 — Total recoveries: 1,656,864 — Total tests: 61,792,571Map.
  3. Politics: Pelosi says states don't have the funds to comply with Trump's executive order on unemployment — Mnuchin says Trump executive orders were cleared by Justice Department.
  4. States: New York reports lowest rate of positive coronavirus test results since pandemic began
  5. Public health: Ex-FDA head: U.S. will "definitely" see 200,000 to 300,000 virus deaths by end of 2020. 
  6. Schools: Nine test positive at Georgia school where photo showing packed hallway went viral — How back-to-school is playing out in the South as coronavirus rages on.

New York reports new low positive coronavirus test rate

People physically distancing at tables in New York City's Times Square in June. Photo: Johannes Eisele/AFP via Getty Images

New York Gov. Andrew Cuomo (D) announced Sunday 515 people, or 0.78% of those tested, returned a positive reading for COVID-19 the previous day.

Why it matters: It's the lowest single-day positive rate since the start of the pandemic. It's another sign that the state that was once a global coronavirus epicenter is curbing the spread of the virus. "Our daily numbers remain low and steady, despite increasing infection rates across the country, and even in our region," Cuomo said in a statement. "But we must not become complacent: Everyone should continue to wear their masks and socially distance."

Go deeper: Cuomo says all New York schools can reopen for in-person learning