Odaiba Seaside Park in Tokyo, Japan. Photo: Philip Fong/AFP via Getty Images

Japanese Prime Minister Shinzo Abe said the Tokyo Olympics may have to be postponed if the Games cannot run in "complete form" because of the novel coronavirus outbreak, the Japan Times reports.

Why it matters: This is the first time Abe has made such a statement. The International Olympic Committee said in a statement Sunday it would "step up its scenario-planning" for the event and was in talks with the Tokyo 2020 Organising Committee and Japanese authorities "to complete its assessment of the rapid development of the worldwide health situation and its impact on the Olympic Games, including the scenario of postponement."

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M&A activity falls despite early coronavirus fears

Illustration: Aïda Amer/Axios

In April, several prominent Democrats proposed a moratorium on large mergers and acquisitions. Their argument was that the pandemic would embolden the strong to pounce on the weak, thus reducing competition.

Fast forward: The moratorium never materialized. Nor did the M&A feeding frenzy.

More than 32 million Americans are receiving unemployment benefits

Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.

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Alumni fight to save college sports

Data: Mat Talk Online; Chart: Andrew Witherspoon/Axios

242 collegiate athletic programs have been cut amid the pandemic, altering the careers and lives of thousands of student-athletes.

Yes, but: Some passionate alumni groups have opted to fight, banding together in hopes of saving the programs they helped build and continue to love.