New bombshell this morning: The National Institutes of Health would get a $5.8 billion funding cut in Trump's first budget — about 19 percent of its budget, per the Washington Post. That's after two years of Congress pushing for big increases.

And that's after Trump made a big issue of supporting research into new cures in his speech to Congress last month. Office of Management and Budget director Mick Mulvaney didn't tip his hand at a press briefing yesterday — he acknowledged that federal funding is needed for research into rare diseases," and our budget preserves the ability to do exactly that."

But NIH supporters in Congress have been warning that funding cuts are a real possibility. The agency got a $2 billion increase in December 2015, the biggest funding boost in a dozen years. And last year, STAT reported (oh wait, that's me!) that appropriators were looking at another $2 billion increase for the coming year. Congress hasn't finished its work on that funding package yet.

The bottom line: It's part of a 23 percent cut in overall discretionary funding for the Department of Health and Human Services, Bloomberg reports.

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Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 30,065,728 — Total deaths: 944,604— Total recoveries: 20,423,802Map
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 6,674,070 — Total deaths: 197,615 — Total recoveries: 2,540,334 — Total tests: 90,710,730Map
  3. Politics: Former Pence aide says she plans to vote for Joe Biden, accusing Trump of costing lives in his coronavirus response.
  4. Health: Pew: 49% of Americans would not get COVID-19 vaccine if available today Pandemic may cause cancer uptick The risks of moving too fast on a vaccine — COVID-19 racial disparities extend to health coverage losses.
  5. Business: Retail sales return to pre-coronavirus trend.
Ina Fried, author of Login
9 hours ago - Technology

Scoop: How the Oracle-TikTok deal would work

Illustration: Aïda Amer/Axios

An agreement between TikTok's Chinese owner ByteDance and Oracle includes a variety of concessions in an effort to make the deal palatable to the Trump administration and security hawks in Congress, according to a source close to the companies.

Driving the news: The deal, in the form of a 20-page term sheet agreed to in principle by the companies, would give Oracle unprecedented access and control over user data as well as other measures designed to ensure that Americans' data is protected, according to the source.

10 hours ago - World

How the EU plans to take on human rights abusers

Illustration: Sarah Grillo/Axios

Amid a global assault on human rights stretching from Belarus to Hong Kong to Yemen, the European Union signaled yesterday that it may act to deter corrupt kleptocrats and state abusers by hitting them where it hurts: their assets.

Driving the news: Europe's chief executive Ursula von der Leyen revealed in her first-ever State of the Union speech that she will bring forth a European Magnitsky Act, a sanctions framework modeled after a U.S. law that restricts malign actors' access to travel and the global financial system.