AP Photo/Pablo Martinez Monsivais

Anthony Scaramucci might be out as President Trump's communications director, but that will not affect the pending sale of his SkyBridge hedge fund business to China's HNA Group. Or so says HNA, via an outside spokesman's comment to Axios:

"The transaction remains on track and is expected to close by the end of the summer."

Due diligence: A source familiar with the situation says that Scaramucci, who officially left Skybridge when the deal was announced in January, has no right to terminate it. But it still faces regulatory scrutiny in both the U.S. and in China. No price was ever disclosed for the sale, although Forbes estimated SkyBridge to be valued at between $200 million and $230 million -- which would mean around a $77 million after-tax payday for Scaramucci.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 a.m. ET: 19,680,042 — Total deaths: 727,777 — Total recoveries — 11,962,565Map.
  2. U.S.: Total confirmed cases as of 11 a.m. ET: 5,002,523 — Total deaths: 162,455 — Total recoveries: 1,643,118 — Total tests: 61,080,587Map.
  3. Politics: Nancy Pelosi says states don't have the funds to comply with Trump's executive order on employment — Trump adviser Larry Kudlow says he regrets suggesting the benefits could only be extended by Congress.
  4. Public health: Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective — Poll: 1 in 3 Americans would decline COVID-19 vaccine.
  5. Schools: Nine test positive at Georgia school where photo showing packed hallway went viral — How back-to-school is playing out in the South as coronavirus rages on — Princeton, Johns Hopkins, Howard to hold fall classes online.