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!
Expand chart
Data: OpenVault; Chart: Will Chase/Axios

Increased broadband usage is a pandemic trend that's here to say, analysts and telecom executives argue.

The big picture: Broadband usage increased 40% over the past year, the highest annual growth rate in nearly 10 years, according to new data from OpenVault. The massive jump is attributed to people spending more time at home with their devices, primarily streaming video.

  • "We predict that by December 2021, the average broadband consumption per household will be around 600-650 gigabytes," says Mark Trudeau, founder and CEO of OpenVault, a broadband data and analytics solutions provider.
  • That's more than six times the average broadband consumption level since 2015.

Driving the news: Comcast said last week that it anticipates it will see double-digit growth in broadband additions this year compared to 2019, which prior to the pandemic was its best year ever.

  • In the first quarter of 2021, it added 461,000 broadband customers, helping to offset the heavy losses from its Pay-TV business. Comcast Chief Financial Officer Mike Cavanagh said that time period "marked the lowest broadband churn in our history."
  • Speaking to broadband spike trends, Verizon CEO Hans Vestberg told analysts "The demand for broadband will continue. We are just starting a total revolution of using technology, which is scalable and sustainable in the post era of the COVID."

What's happening: High-speed internet access became vital for school and work during the pandemic, with lawmakers and the Biden administration citing it as a key part of the nation's infrastructure.

  • Congress created a $3.2 billion Emergency Broadband Benefit program, which launches May 12, that will give low-income households a $50 monthly subsidy for internet service.

Yes, but: President Biden has said long-term subsidies are not the answer to covering the cost of “overpriced” internet service.

  • Instead, his $100 billion broadband plan calls for lowering the prices for all Americans, raising concerns from the telecom sector about potential price regulation.

Be smart: Broadband providers agreed last year to not kick anyone off of their internet plans who couldn't pay because of the pandemic as part of the FCC's Keep Americans Connected pledge.

What's next: On Thursday, the House Energy and Commerce Subcommittee on Communications and Technology will hold a hearing on broadband equity that will address disparities in access and affordability.

Go deeper

Exclusive: Quartz, NYT vets launch new media company about work

Photo credit: Emma Howells for Charter

Quartz co-founders Kevin Delaney and Jay Lauf, along with New York Times veteran Erin Grau, are launching a new media and services company called "Charter" that is centered around the future of work, the founders told Axios.

Why it matters: "There are other media companies that write about this topic — some occasionally and some more frequently, but it's one topic among many things that they do," Delaney said. "This is a driving focus for us."

Biden endorses bill to end sentencing disparity for crack and powder cocaine

Photo: Drew Angerer/Getty Images

The Biden administration endorsed a bill Tuesday that would end sentencing disparities for crack versus powder cocaine offenses.

The big picture: Supporting the legislation follows through on one of Biden's campaign promises. But it's a shift from decades ago, when Biden spearheaded efforts to pass the legislation that implemented the disparities in the first place.

White House to acknowledge U.S. will miss July 4 vaccination goal

Fireworks in New York City to celebrate the state reaching a 70% vaccination rate. Photo: Liao Pan/China News Service via Getty Images

The Biden administration plans to acknowledge on Tuesday it will likely miss its goal of vaccinating 70% of U.S. adults with at least one dose by July 4, NBC News first reported and Axios has confirmed.

Why it matters: Despite falling short of the goal, the White House still believes most Americans will be safe to fully celebrate Independence Day, as COVID-19 cases and deaths remain at low levels throughout much of the country.