Photo: Gary Hershorn/Getty Images

Comcast is asking investors to increase financing mechanisms by $60 billion so it can make an all-cash offer for 21st Century Fox's media assets, Reuters reports.

Why it matters: Fox has already agreed to sell its media assets to Walt Disney Co for $52 billion. Reporting and regulatory filings suggest that Fox rejected higher bids from Comcast previously due to regulatory concerns.

The bigger picture: This move adds to the pressure to the upcoming decision of a U.S. district judge over whether to allow a similarly-structured "vertical" merger between a telecom company (AT&T) and a content company (Time Warner) to go through.

  • Comcast also announced last month a $31 billion takeover bid for European television giant Sky, which subsequently pulled its support for an already agreed-upon deal with 21st Century Fox. Comcast's bid was 16% higher than Fox's, on a share vs. share basis.

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Assistant Secretary of Health Adm. Brett Giroir, who leads the federal government's coronavirus testing response, pushed back on Wednesday against President Trump's continued claims that rising coronavirus cases are a product of increased testing.

The big picture: Every available piece of data shows that the pandemic is getting worse again across the country. Hospitalizations are on the rise — and some hospitals are warning that they could soon be overwhelmed — while 13 states set new highs last week for coronavirus infections recorded in a single day.

Cook Political Report moves Texas to "toss up" in presidential race

Photo: Brendan Smialowski/AFP via Getty Images

Cook Political Report moved Texas from "lean Republican" to "toss up" for the 2020 presidential race on Wednesday.

Why it matters: Texas, which has 38 electoral votes, hasn't backed a Democrat for president since 1976. A win for Biden in the historically red state would likely be a knockout blow against Trump.

Ben Geman, author of Generate
2 hours ago - Energy & Environment

Why the pandemic's carbon cuts still won't head off a climate emergency

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Data: BloombergNEF; Chart: Axios Visuals

Global carbon emissions from energy, which are the lion's share, will never fully come back from pre-pandemic levels — recovering from a pandemic-fueled decline but sinking again around 2027 with renewable energy on the rise — according to a BloombergNEF analysis.

But, but, but: It still won't prevent the planet from cooking, as the firm still sees enough emissions to lead to over 3.3°C of warming above preindustrial levels by century's end.