Kiichiro Sato / AP

Cardinal Health has acquired three medical supplies businesses — patient care, deep vein thrombosis and nutritional insufficiency — from Medtronic for $6.1 billion in cash.

Why this matters: Cardinal Health is most known for its drug distribution business. But drug distributors are facing criticism over their role in the opioid crisis. Cardinal Health and its competitors also are expecting lower profits this year as generic drug prices grow more slowly — a general good for society. The downward trend in generic drug prices is hammering Cardinal Health, so the Medtronic deal allows the company to diversify its revenue more.

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Biden campaign, DNC jointly raised $140 million in July

Photo: Andrew Caballero-Reynolds/AFP via Getty Images

The Biden campaign, the Democratic National Committee and their joint fundraising committees announced Wednesday that they raised $140 million in July.

Why it matters: With 90 days until the election, the Biden campaign and DNC now have $294 million on hand, an increase of $50 million over the past month.

Updated 28 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 6:30 p.m. ET: 18,643,633 — Total deaths: 703,127 — Total recoveries — 11,206,409Map.
  2. U.S.: Total confirmed cases as of 6:30 p.m. ET: 4,811,128 — Total deaths: 157,690 — Total recoveries: 1,528,979 — Total tests: 58,239,438Map.
  3. Public health: Florida surpasses 500,000 confirmed casesFauci calls U.S. coronavirus testing delays "totally unacceptable."
  4. Business: America's next housing crisis.
  5. States: Virginia launches contact tracing app using specs from Apple and Google.
  6. Politics: White House, Democrats remain "trillions of dollars apart" on stimulus talks.
52 mins ago - World

How new tech raises the risk of nuclear war

Illustration: Annelise Capossela/Axios

75 years after Hiroshima and Nagasaki, some experts believe the risk of the use of a nuclear weapon is as high now as it has been since the Cuban missile crisis.

The big picture: Nuclear war remains the single greatest present threat to humanity — and one that is poised to grow as emerging technologies, like much faster missiles, cyber warfare and artificial intelligence, upset an already precarious nuclear balance.