Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Former New York City Mayor Mike Bloomberg on February 28, 2020 in Blountville, Tennessee. (Photo by Joe Raedle/Getty Images)

As the world grapples with the pandemic's impact on globalization, Michael Bloomberg on Wednesday is unveiling the inaugural members of a new group to focus on solving its biggest problems, Axios is the first to report.

Why it matters: COVID-19 spread globally — in an instant shutting borders, disrupting trade and eventually leaving millions dead or sick. What comes next as emerging economies prepare for recovery, will also impact the rest of the world.

What’s happening: Members of the first Bloomberg New Economy Catalysts cohort span six continents and are focused on technology and policy in emerging economies.

  • The group will assemble virtually for a kick-off event on June 30 to discuss the future of climate, agriculture, bio-tech, e-commerce, space and digital money.
  • They will also participate in this year’s in-person Bloomberg New Economy Forum set for November 16-19 in Singapore.
  • The forum, hosted by the former New York City mayor, Henry Kissinger and Hank Paulson, aims to draw roughly 400 business executives, government officials and academics to discuss climate, cities, finance, trade and public health.

Between the lines: Bloomberg's efforts take aim at turf previously dominated by the World Economic Forum's annual V.I.P. event for business and political leaders in Davos. It was cancelled this year after several attempts to set up shop in Singapore this summer.

  • Of note: WEF has a Young Global Leaders program for people younger than 40 from different communities and industries.

What they’re saying: Catalyst will offer startups in places like Africa the opportunity to attract interest and investment, says 25-year-old member Shamim Nabuuma Kaliisa.

  • “Startups in Africa strive so hard to get one investor ... which is not the case in Europe, in the U.S., in China, in Japan."
  • She is the founder of the Uganda-based Chil. The group of companies provide services like AI for cancer screenings and drones for transporting cancer specimens from rural areas.

The big picture: The pandemic didn't send globalization back to the dark ages of the financial crisis as initially feared, noted a Harvard Business Review report in March.

  • Aside from the unprecedented collapse in the movement of people to and from, trade has rebounded, along with flows of capital and digital information.

The bottom line: “We certainly are in favor of an open global economy," Andy Browne, the editorial director of the Bloomberg New Economy Forum, tells Axios.

"What we’ve seen this year is this really retrograde tendency towards closing borders, towards vaccine nationalism, migrant workers going home and in a sense we feel that the counterforce to that is technology,” Browne says.

Go deeper

28 mins ago - World

Putin denies Russia is behind cyberattacks ahead of Biden summit

In an exclusive interview with NBC's "Today," Russian President Vladimir Putin denied that Russia is waging cyber warfare against the United States and refused to guarantee opposition leader Alexei Navalny — whose name he would not say — will leave prison alive.

Why it matters: Cyberattacks by Russian intelligence and Russian-speaking criminal groups, as well as the Kremlin's attempted assassination and jailing of Navalny, are among the topics President Biden is expected to raise at his Geneva summit with Putin on Wednesday.

2 hours ago - Health

Novavax says COVID-19 vaccine was 90% effective in Phase 3 trial

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Novavax, a Maryland biotechnology company, announced Monday that its COVID-19 vaccine was 90.4% effective in its Phase 3 trial, including against coronavirus variants.

Why it matters: The study of 29,960 participants in the U.S. and Mexico found the shot was safe and highly effective, paving the way for the FDA to clear a 4th vaccine for emergency use by the end of the year.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!