Jul 5, 2018 - World

Chairman of Chinese conglomerate HNA dies in France

Dan Primack, author of Pro Rata

Wang Jian, at a celebration of HNA's 20th anniversary in 2013. Photo by Luo Yunfei/China News Service/VCG

Wang Jian, co-founder and chairman of Chinese conglomerate HNA, died Tuesday after falling off a wall in France while having his photograph taken.

Why it matters: Beyond the obvious human tragedy, Jian was architect of HNA's massive global expansion — when it invested more than $40 billion to buy big stakes in companies like Hilton. But he's also been helping to lead HNA's great unwind, as the firm had overextended itself, and his death could make that process more difficult.

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Kim Hart
4 mins ago - Economy & Business

Coronavirus squeezes the "sandwich generation"

Illustration: Eniola Odetunde/Axios

As the coronavirus poses risks and concerns for the youngest and oldest Americans, the generations in the middle are buckling under the increasing strain of having to take care of both.

Why it matters: People that make up the so-called sandwich generations are typically in their 30s, 40s and 50s, and in their prime working years. The increasing family and financial pressures on these workers means complications for employers, too.

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Shane Savitsky
4 mins ago - Politics & Policy

Why Scranton matters again in 2020

Biden and Clinton visit Biden's childhood home in Scranton in 2016. Photo: Melina Mara/The Washington Post via Getty Images

The hometown of Joe Biden and "The Office" is polishing its perennial status as a guidepost for the nation's political mood.

Driving the news: Biden returns to Scranton, Pa., today with a campaign stop just outside the city limits at a metalworking plant, where he'll deliver remarks on a plan to create jobs and "help America build back better."

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Axios
Updated 14 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 12,051,561 — Total deaths: 549,735 — Total recoveries — 6,598,230 — Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 3,055,144 — Total deaths: 132,309 — Total recoveries: 953,420 — Total tested: 37,532,612 — Map.
  3. 2020: Houston mayor cancels Texas Republican convention.
  4. Public health: Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  5. Travel: United warns employees it may furlough 45% of U.S. workforce — How the pandemic changed mobility habits, by state.
  6. Education: New York City schools will not fully reopen in fall — Harvard and MIT sue Trump administration over rule barring foreign students from online classes.
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