Evan Vucci / AP

"Don't know which way Paris will go, but I've done all I can to advise directly to POTUS, through others in WH & via councils, that we remain," Elon Musk tweeted today. When asked what he'd do if Trump does withdraw the U.S., he replied, "Will have no choice but to depart councils in that case."

Why it matters: The Tesla CEO is on two different WH boards — the Manufacturing Jobs Initiative and the business advisory council. Many CEOs of major companies (from ExxonMobil to Tesla to Apple) have urged Trump to remain in the Paris deal, as they want to be part of the solution to the climate problems caused by fossil fuels and greenhouse gas emissions. Apple's Tim Cook reportedly called Trump this week encouraging him to remain, per Bloomberg.

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Virtual school is another setback for struggling retail industry

Illustration: Annelise Capossela/Axios

A virtual school year will likely push retailers even closer to the brink.

Why it matters: Back-to-school season is the second-biggest revenue generating period for the retail sector, after the holidays. But retailers say typical shopping sprees will be smaller with students learning at home — another setback for their industry, which has seen a slew of store closures and bankruptcy filings since the pandemic hit.

55 mins ago - Health

The pandemic hasn't hampered the health care industry

Illustration: Rebecca Zisser/Axios

The economy has been tanking. Coronavirus infections and deaths have been rising. And the health care industry is as rich as ever.

The big picture: Second-quarter results are still pouring in, but so far, a vast majority of health care companies are reporting profits that many people assumed would not have been possible as the pandemic raged on.

Column / Harder Line

How climate and business woes are sinking a natural-gas project

Illustration: Annelise Capossela/Axios

The Trump administration recently touted its approval of America’s first terminal on the West Coast to export liquefied natural gas. There’s just one problem: it probably won’t be built.

Why it matters: The project in southern Oregon faces political and business hurdles serious enough that those who are following it say it will be shelved. Its problems embody the struggles facing a once-promising sector that's now struggling under the weight of the pandemic and more.