Aug 27, 2018

CBS faces class action suit over Moonves harassment allegations

Photo: Tara Ziemba/Getty Images

CBS was hit with a class action shareholder lawsuit on Monday, which argues that the media giant made a material omission and misled shareholders when it failed to disclose sexual harassment allegations against its Chairman and CEO Leslie Moonves, Variety reports.

The context: Six women accused Moonves of sexual misconduct during the 1980s in a Ronan Farrow-authored piece in The New Yorker in July, which featured dozens of current and former CBS employees stating that Moonves' problematic behavior was well-known at the network.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 5:30 p.m. ET: 1,582,904 — Total deaths: 94,807 — Total recoveries: 351,201Map.
  2. U.S.: Total confirmed cases as of 5:30 p.m. ET: 454,304 — Total deaths: 16,267 — Total recoveries: 24,962Map.
  3. Public health latest: U.S. has expelled thousands of migrants under coronavirus. public health orderDr. Anthony Fauci said social distancing could reduce the U.S. death toll to 60,000.
  4. Business latest: The Fed will lend up to $2.3 trillion for businesses, state and city governments — After another 6.6 million jobless claims, here's how to understand the scale of American job decimation.
  5. States latest: FEMA has asked governors to decide by today if they want testing sites to be under state or federal control.
  6. World latest: Boris Johnson is moved out of ICU but remains in hospital with coronavirus.
  7. In Congress: Senate in stalemate over additional funding for small business relief program.
  8. What should I do? Hydroxychloroquine questions answeredPets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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How to understand the scale of American job decimation

Data: U.S. Bureau of Labor Statistics via St. Louis Fed; Chart: Naema Ahmed/Axios

Sentence from a nightmare: 6.6 million Americans filed for unemployment last week, a decline from the previous week's 6.9 million.

The big picture: Over the past three weeks, 1 in 10 working-age adults filed for unemployment, Axios' Courtenay Brown notes.

Biden rolls out new policies in effort to court Sanders supporters

Photo: Scott Olson/Getty Images

The Biden campaign announced two new policies on Thursday on health care and student debt that are squarely aimed at appealing to supporters of Bernie Sanders, who ended his campaign for the Democratic nomination on Wednesday.

Why it matters: The policies don't go as far as Sanders' platform, but they signal that Biden is serious about incorporating elements of his former rival's agenda in an effort to help unify the Democratic Party and defeat President Trump in the general election.