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President Trump speaks alongside Secretary of Labor Alexander Acosta. Photo: Saul Loeb/AFP/Getty Images

President Trump defended Labor Secretary Alex Acosta Tuesday but said he'd look "very carefully" into his handling of a 2008 plea deal with accused pedophile Jeffrey Epstein.

Why it matters: The wealthy financier now faces sex trafficking charges in New York. Democrats including House Speaker Nancy Pelosi are demanding Acosta resign over the lenient deal reached in Epstein's earlier case, when he was serving as U.S. attorney in southern Florida.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

Go deeper: Acosta defends plea deal for Epstein

Go deeper

Updated 9 mins ago - Economy & Business

The billionaire balloon

Data: World Inequality Report 2022; Chart: Axios Visuals

The super-rich are getting stupid rich: New data out today shows the share of global wealth held by the richest slice of humanity swelled by almost a full percentage point during the pandemic.

Driving the news: The top 0.01% of individuals now hold about 11% of the world's wealth, compared to just over 10% in 2020, according to the "World Inequality Report 2022," written by Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman.

Tina Reed, author of Vitals
10 mins ago - Health

Omicron gives a shot to boosters

Expand chart
Data: CDC; Chart: Will Chase/Axios

Vaccination rates have ticked higher since the discovery of the Omicron variant, CDC data shows.

By the numbers: The seven-day average for vaccinations in the U.S. reached about 1.8 million on Monday, up from an average of about 1.3 million a month ago.

2 hours ago - Science

Exploding demand for laboratory space

Illustration: Brendan Lynch/Axios

Office occupancy rates remain deflated across industries, but one type of workplace is in high demand: labs.

The big picture: A number of trends — in public health, American demographics and venture capital funding — are colliding to supercharge the life sciences industry.