Aug 23, 2018

Duncan Hunter and his wife plead not guilty

Congressman Duncan Hunter leaves the San Diego Federal Courthouse. Photo: Sandy Huffaker/Getty Images

House Republican Duncan Hunter (R-Calif.) and his wife pleaded not guilty on Thursday to charges that they falsified finance records and misused $250,000 in campaign funds, reports the Los Angeles Times.

The details: The couple was indicted by a grand jury on Tuesday, and by Thursday Hunter said he'd step down from his committee assignments after initially declining to do so, according to Politico. Hunter and his wife remain free on bail, having been released on a $15,000 and $10,000 bond respectively.

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The race to catch Nike's Vaporfly shoe before the 2020 Olympics

Illustration: Aïda Amer/Axios

Four months ago, on the very same weekend, Eliud Kipchoge became the first human to run a marathon in under two hours, and fellow Kenyan Brigid Kosgei shattered the women's marathon record.

Why it matters: Kipchoge and Kosgei were both wearing Nike's controversial Vaporfly sneakers, which many believed would be banned because of the performance boost provided by a carbon-fiber plate in the midsole that acted as a spring and saved the runner energy.

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Reassessing the global impact of the coronavirus

Illustration: Aïda Amer/Axios

Economists are rethinking projections about the broader economic consequences of the coronavirus outbreak after a surge of diagnoses and deaths outside Asia and an announcement from a top CDC official that Americans should be prepared for the virus to spread here.

What's happening: The coronavirus quickly went from an also-ran concern to the most talked-about issue at the National Association for Business Economics policy conference in Washington, D.C.

Tech can't remember what to do in a down market

Illustration: Rebecca Zisser/Axios

Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.

The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.