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Garment workers in a sewing section of the Fakhruddin Textile Mills Limited in Dhaka, Bangladesh, last month. Photo: Zabed Hasnain Chowdhury/SOPA Images/LightRocket via Getty Images

A resurgence of COVID-19 cases in Bangladesh may hamper apparel production for H&M and other retailers, a new report suggests

Why it matters: Bangladesh is one of the biggest ready-made garment manufacturers in the world. The latest rise in cases is due in part to the Delta variant, which is spreading rapidly.

  • Starting Thursday, Bangladesh will enter a severe lockdown that will force people to stay home for at least a week.

Flashback: During the country's first lockdown, authorities ordered businesses to arrange transportation for workers, but many did not, forcing people to walk for miles.

The big picture: New cases of COVID-19 continue to number in the hundreds of thousands around the world. Supply-chain operations and shipping ports continue to see increased delays.

Go deeper

What we can learn from D.C.'s breakthrough data

Illustration: Sarah Grillo/Axios

When Columbia Heights resident Sarah Nesbit, 25, lost her sense of smell, she joined more than 4,000 D.C. residents who have contracted COVID-19 despite being vaccinated.

Driving the news: D.C.'s publicly reported data on breakthrough cases offers a unique window into how the pandemic continues to impact vaccinated people, Axios' Chelsea Cirruzzo reports.

Updated 3 hours ago - Politics & Policy

Omicron dashboard

Illustration: Shoshana Gordon/Axios

  1. Health: Axios-Ipsos poll: Omicron's big numbersAnother wave of death — FDA limits use of Regeneron and Lilly antibody treatments — Fauci: "Confident" Omicron cases will peak in February.
  2. Vaccines: Pfizer begins clinical trial for Omicron-specific vaccine — The shifting definition of fully vaccinated.
  3. Politics: Biden admin withdraws temporary vaccine-or-test mandate for large employers — New York Supreme Court strikes down Gov. Hochul's mask mandate for public areas — Sarah Palin tests positive, delaying defamation trial — Virginia school boards sue Gov. Youngkin for lifting mask mandate.
  4. World: U.K. to lift travel testing requirement for fully vaccinated — Beijing Olympic Committee lowers testing threshold ahead of Games.
  5. Variant tracker

The Robinhood M&A rumor mill churns

Illustration: Sarah Grillo/Axios

Robinhood's valuation is now just over $11 billion, a fraction of where it traded in August and below that of its last private round of funding. Cue the M&A mongers.

Why it matters: It's not just Robinhood—falling values of growth-oriented tech stocks have raised speculation that formerly high-flying fintechs could be snapped up by more well-capitalized buyers.