Illustration: Aïda Amer/Axios

Easton Hospital, owned by a portfolio company of Cerberus Capital Management, secured $8 million from the State of Pennsylvania in a last-minute bailout to keep the facility's doors open. Through June, the state funding commitment would total $24 million.

Why it matters: It's very welcome news that a hospital won't close in the midst of a pandemic, but it also reflects pretty indefensible behavior by Cerberus.

To be sure, Easton Hospital is unprofitable and had been negotiating for months to be acquired by a larger local rival. Under normal circumstances, it would make sense for Cerberus and portfolio company Steward Health Care to wind things down.

  • But this is a national emergency, and Cerberus, its billionaire CEO, and very wealthy partners could have stepped in to help save lives. Plus, Cerberus and Steward both knew that federal aid to hospitals was on the way.

The bottom line: "It’s hard to believe that Easton Hospital could have sat vacant in the coming months — shedding 700 jobs in the process — as the rest of the Lehigh Valley scurried to free up every room, ventilator and medical staffer to try to save lives." — The Express-Times editorial board

Go deeper: Small hospitals worry about getting bailout money quickly

Update: After this story was published, Cerberus sent Axios the following statement:

“Cerberus is working around the clock to support companies around the world as they protect their employees and serve their customers and communities during this pandemic. Steward Health Care is no different. We support the company’s decision to continue working constructively with the State of Pennsylvania, as it has been doing for months, in order to continue serving the Easton community. We recognize and are deeply appreciative of the critical work Steward Health Care and its 42,000 team members are doing on the front lines, serving over 800 communities across more than 35 hospitals.”

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Elliott Abrams to replace Brian Hook as Trump's Iran envoy

Brian Hook. Photo: Tayfun Coskun/Anadolu Agency via Getty Image

President Trump's Iran envoy, Brian Hook, is stepping down, Secretary of State Mike Pompeo confirmed Thursday. He will be replaced with Venezuela envoy Elliott Abrams, a noted Iran hawk who will serve in both roles.

Why it matters: Hook had been tasked with executing Trump's "maximum pressure" policy toward Iran, working closely with Pompeo. That strategy has deepened tensions and thus far failed to force Iran back to the negotiating table, as Trump had hoped.

Ohio Gov. Mike DeWine tests positive for coronavirus ahead of Trump visit

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Ohio Gov. Mike DeWine (R) has tested positive for COVID-19 and plans to quarantine at his home for the next 14 days, his office announced Thursday. He currently has no symptoms.

Why it matters: The 73-year-old DeWine was set to meet President Trump Thursday on the tarmac at an airport in Cleveland and was tested as part of standard protocol. He is the second governor known to have contracted the coronavirus, after Oklahoma Gov. Kevin Stitt (R).

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Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 12:30 p.m. ET: 18,860,908 — Total deaths: 708,676— Total recoveries — 11,394,821Map.
  2. U.S.: Total confirmed cases as of 12:30 p.m. ET: 4,834,546 — Total deaths: 158,445 — Total recoveries: 1,577,851 — Total tests: 58,920,975Map.
  3. Politics: Pelosi rips GOP: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Fauci says task force will examine aerosolized spread.
  5. Business: July's jobs report could be an inflection point for the recovery — Teladoc and Livongo merge into virtual care giant.
  6. Sports: Where college football's biggest conferences stand on playing.