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Illustration: Sarah Grillo/Axios

Tech companies, along with large businesses throughout corporate America, rushed to announce Monday that they were halting political donations in the wake of the attack on the Capitol.

The big picture: Some limited their pullback to officials who refused to accept the results of the presidential election, while others said they were taking a break from making any political contributions.

Catch up quick: Here's a partial list of companies that have announced moves.

  • Pausing all donations: Amazon, Facebook, Google, Microsoft and Salesforce.
  • Halt focused on those who challenged elections: Airbnb, AT&T, Cisco, Comcast, Intel, Verizon.
  • Re-evaluating political donation policy: T-Mobile.
  • Hedging: Dish Network said it was "disappointed" that some members of Congress objected to the results of a free and fair election, but stopped short of announcing specific constraints on future donations.
  • Still silent: Oracle, Charter.
  • Of note: Apple and IBM don't have PACs or donate to political candidates and Twitter dissolved its PAC entirely in November.

Between the lines: The move comes as tech companies are under fire for having supported candidates whose challenges to the legitimacy of the November election arguably set the stage for the Capitol siege.

  • "This is the death knell of PACs for tech companies with activist employees," one tech industry source told Axios. "This is the final straw."

Yes, but: Some Democrats, including Sen. Brian Schatz and Rep. Jan Schakowsky, have cried foul, saying the companies were "treating the guilty and the innocent" — Republicans who promoted the Capitol riot and Democrats who had nothing to do with it — the same.

Our thought bubble: Now is an easy time to pause donations, coming just after the November elections and January runoffs in Georgia. The companies have left themselves plenty of time to resume political contributions before the next major cycle.

Go deeper

Democrats aim to punish House GOP for Capitol riot

Speaker Nancy Pelosi passes through a newly installed metal detector at the House floor entrance Thursday. Photo: Drew Angerer/Getty Images

House Democrats plan to take advantage of corporate efforts to cut funding for Republicans who opposed certifying the 2020 election results, with a plan to target vulnerable members in the pivotal 2022 midterms for their role in the Jan. 6 violence.

Why it matters: It's unclear whether the Democrats' strategy will manifest itself in ads or earned media in the targeted races or just be a stunt to raise money for themselves. But the Capitol violence will be central to the party's messaging as it seeks to maintain its narrow majorities in Congress.

Dan Primack, author of Pro Rata
6 mins ago - Economy & Business

Merger Monday has been overrun by SPACs

Illustration: Aïda Amer/Axios

Five companies this morning announced plans to go public via reverse mergers with SPACs, at an aggregate market value of more than $15 billion. And there might be even more by the time you read this.

The bottom line: SPAC merger activity hasn't peaked. If anything, it's just getting started.

Moderna says vaccine appears to protect against new COVID-19 variants

Photo: Justin Tallis/AFP via Getty Images

Moderna's COVID-19 vaccine is effective against new variants of the virus that first appeared in the U.K. and in South Africa, the company announced on Monday.

Yes, but: The vaccine was as effective against the strain from U.K., but saw a six-fold reduction in antibodies against the South Africa variant. Even still, the neutralizing antibodies generated by the vaccine "remain above levels that are expected to be protective," according to the company.

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