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Silver medalist Anastasiia Galashina of Russia, gold medalist Yang Qian of China and bronze medalist Nina Christen of Switzerland celebrate on the podium after the 10m air rifle women's final. Photo:

China's Yang Qian won the first gold of the Tokyo Olympics, narrowly beating Anastasiia Galashina of the Russian Olympic Committee in the women's 10-meter air rifle final.

Why it matters: The first medal ceremony of the Games took on extra meaning after a year-long delay and other hurdles brought on by the pandemic. Athletes are required to hang medals around their own necks in an effort to prevent the spread of the coronavirus.

The big picture: Nina Christen of Switzerland won the bronze in the 10m rifle competition.

  • China picked up its second gold later on Saturday when Hou Zhihui won the women’s 49-kilogram weightlifting category.
  • Several other teams captured golds on Saturday, including: Ecuador in the men's road race; Kosovo in the women's 48-kilogram judo competition; South Korea in archery’s mixed team event; Iran in the men’s 10m air pistol competition; and Japan in the men’s 60-kilogram event.

Go deeper: The Olympic events to watch today

Go deeper

Sep 29, 2021 - Sports

NCAA to use "March Madness" brand for women's basketball tournament

The Stanford Cardinal celebrate the win over the Arizona Wildcats during the National Championship game of the 2021 NCAA Women's Basketball Tournament on April 4. Photo: Elsa/Getty Images

The NCAA Division I women's basketball tournament in 2022 will use the "March Madness" branding that has long been used only for the men's tournament, the NCAA announced Wednesday.

Why it matters: The announcement comes after gender inequities at the men's and women's NCAA basketball tournaments in 2021 sparked national outrage.

Surprising pandemic side effect: Soaring trade deficits

Source: Census Bureau and Bureau of Economic Analysis; Chart: Axios Visuals

Inflation and jobs may get all the economic headlines, but meanwhile a big shift is taking place in the underpinnings of the world economy: The U.S. trade deficit is soaring.

What's happening: Americans' spending on imported physical goods has gone through the roof, while exports are growing slowly, making the U.S. the world's consumer of last resort.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Third Way: "Big Lie" could become "Big Coup"

Graphic: Third Way

Third Way, the center-left think tank, is urging fellow Democrats to respond to the Capitol riot with "the size, scope, and seriousness of a presidential campaign," co-founder Matt Bennett tells me.

Driving the news: "For the first time in U.S. history, a party must mount two parallel presidential campaigns: one to win the election, and the other to prevent its theft," Bennett said, calling this "a Paul Revere moment."