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Data: Yahoo Finance; Chart: Andrew Witherspoon/Axios

Congressional aides tell Axios that the stimulus proposal put forth by Senate Majority Leader Mitch McConnell, which already has President Trump's seal of approval, would provide $15 billion in grants to independent performance venues and movie theaters.

Yes, but: The relief would only be available to companies with fewer than 500 full-time employees, about 60% of the movie theaters in the U.S.

  • A separate $908 billion proposal from a bipartisan group of lawmakers, which is still being negotiated, is expected to include similar language that would target its relief to smaller venues and theaters struggling to stay afloat.

Be smart: Stimulus talks are ongoing, and nothing is final.

The bottom line: There is little appetite among lawmakers to help large, publicly traded theaters, who have more access to capital than smaller venues.

  • For the major exhibitors not covered by the relief package, their fate hangs on the prospect of a vaccine. Despite vaccine hopes, theater stocks have tumbled lately in response to news that studios are planning more streaming releases.

Go deeper

Trump signs COVID relief bill, averting government shutdown

Photo: Doug Mills/Getty Images

President Trump signed a bill to extend unemployment benefits and avert a government shutdown, the White House said in an emailed statement Sunday evening.

Details: While Trump signed the current bill providing $600 checks for most Americans hours before a midnight government shutdown deadline, he is continuing his push to bring that amount to $2,000, as Axios reported earlier.

Updated 9 hours ago - Politics & Policy

U.S. sounds alarm on Ukraine

Conscripts line up at a Russian railway station yesterday before departing for Army service. Photo: Sergei Malgavko/TASS via Getty Images

The Biden administration is "deeply concerned" by new intelligence — detailed for Axios and other outlets — showing Russia stepping up preparations to invade Ukraine as soon as early 2022.

Why it matters: Most of this was known from public sources and satellite imagery, but the administration is sending a stronger signal by releasing specific details from the intelligence community.

10 hours ago - Economy & Business

CNN fires Chris Cuomo

Photo: Kevin Mazur/Getty Images for CNN

CNN said Saturday evening it has fired one of its star anchors, Chris Cuomo, following new revelations from a legal review made by the company into Cuomo's involvement in the management of his brother's sexual harassment scandal.

Why it matters: Saturday's firing speaks to how much pressure CNN was under by employees and critics to address Cuomo's behavior.