Jul 24, 2017

Democrats to unveil "Better Deal" economic agenda

Alex Brandon / AP

Senate Democratic Leader Chuck Schumer and House Democratic Leader Nancy Pelosi today will unveil their "Better Deal" economic agenda in Berryville, Va. — a beyond-the-Beltway, classic exurban swing area.

An opening plank: "Cracking Down on Corporate Monopolies and the Abuse of Economic and Political Power."

Prevent big mergers that would harm consumers, workers, and competition.Require regulators to review mergers after completion to ensure they continue to promote competition.Create a 21st century 'Trust Buster' to stop abusive corporate conduct and the exploitation of market power where it already exists.

Go deeper in 4 pages: Better Deal overview; Jobs plan; Drug prices; Corporate monopolies.

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Trump on coronavirus misinformation from China: "Every country does it"

President Trump brushed aside allegations that China — as well as Russia and Iran — are spreading misinformation about the origin of the coronavirus during a 64-minute call with "Fox & Friends" on Monday, telling the hosts that "every country does it."

Why it matters: Multiple verified Chinese government Twitter accounts have promoted different conspiracy theories, and Chinese foreign ministry deputy spokesperson Zhao Lijian suggested that the virus come from a U.S. military lab, Axios' Bethany Allen-Ebrahimian reports.

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Investment pros are selling while mom and pop buy the coronavirus dip

Illustration: Aïda Amer/Axios

As traders around the globe have frantically unloaded positions in recent weeks, so-called mom and pop retail investors have kept level heads and not sold out of stocks.

What they're saying: In fact, "the typical trader is buying equities on the dips," passive investment firm Vanguard notes in a research paper, adding that "older, wealthier traders are moving modestly to fixed income."

Zuckerberg: "Local journalism is incredibly important" to fighting coronavirus

Photo: Sven Hoppe/picture alliance via Getty Images

Mark Zuckerberg, signaling his personal involvement in a new Facebook commitment of $100 million to bolstering local journalism, told me that "very local work" is vital to his big mission of bringing the world closer together.

What he's saying: "Everyone believes that local journalism is incredibly important," Zuckerberg told Axios in a phone interview. "But everyone is connected to their local [outlets]. Figuring out how to make an impact, and support local journalism broadly and at scale, has been a challenge."