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The Dow rose as many as 300 points Wednesday, before settling up around 230 points as of 2:45 pm ET.

Why it matters: The Federal Reserve released the minutes from its January meeting on Wednesday, which indicated that "officials see increased economic growth and an uptick in inflation as justification to continue to raise interest rates gradually," per CNBC.

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Planned Parenthood launches digital ad campaign for Biden

Photo: Erik McGregor / Contributor

Planned Parenthood Votes, the political arm of the national reproductive rights group, is ramping up its general election efforts, launching five-figure digital ad campaigns across nine battleground states.

Why it matters: This is the group's biggest election cycle effort yet, part of a larger $45 million investment ahead of November's election, and provides a glimpse of how Democrats are trying to take down President Trump on women's health issues while boosting Joe Biden as the alternative.

Pro-Trump PAC drops $23 million on summer anti-Biden ads

Photo: Spencer Platt/Getty Images

America First Action, a leading pro-Trump super PAC, will focus on Arizona, North Carolina, Pennsylvania and Wisconsin in a $23 million anti-Biden summer ad campaign beginning next week.

Why it matters: The ad buy signals which swing states the groups sees as most vulnerable for President Trump. Arizona and Wisconsin were not included earlier this year in the core battleground strategy.

Updated 17 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 12,910,357 — Total deaths: 569,128 — Total recoveries — 7,116,957Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 3,304,942— Total deaths: 135,205 — Total recoveries: 1,006,326 — Total tested: 40,282,176Map.
  3. States: Florida smashes single-day record for new cases with over 15,000 — NYC reports zero deaths for first time since pandemic hit.
  4. Public health: Ex-FDA chief projects "apex" of South's curve in 2-3 weeks — Testing czar: Lockdowns in hotspots "should be on the table"
  5. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds — Pelosi accuses Trump of "messing with the health of our children."