Flooding in Davenport, Iowa. Photo: KC McGinnis/For The Washington Post via Getty Images

Unprecedented flooding is devastating the Midwest with the Mississippi River rising to some of its highest levels since 1993.

What's new: Heavy rain prompted more flash flooding concerns over Wednesday night, as Kansas residents were evacuated from their homes and dozens of Texas children were left stranded at school, AP reports.

The big picture: The flooding is due to rapid snow melt and heavy spring rains. The resulting series of closures has impacted farmers who rely on the river for transporting crops. It's already been a record-breaking flood season and NOAA continues to warn the flood threat could worsen and affect new areas as new waves of rain are forecasted for the Central states. The flooding caused the U.S. Coast Guard to shut down a 5-mile stretch of the river in St. Louis last week, the Washington Post reports.

By the numbers: Last Thursday, the Mississippi River rose to 22.7 feet in Davenport, Iowa — beating the previous record set in 1993.

  • Flooding this year has already caused an estimated $12 billion in damage, reports the Post, citing an estimate from AccuWeather, affecting homes and businesses, drowning livestock and displacing hundreds.
    • In Nebraska alone, the cost of the damage surpassed $1.3 billion in March — including $449 million in damage to infrastructure, $440 million in crop losses and $400 million in cattle loses, NPR reports.
  • At least 4 people have died due to the latest flooding.

The cost of the damage in the Midwest, along with the consequences of Trump's trade war with China, have farmers fearing for their livelihood.

Go deeper: NOAA warns of "unprecedented flood season" across U.S.

Go deeper

40 mins ago - Sports

Big Ten's conference-only move could spur a regionalized college sports season

Illustration: Aïda Amer/Axios

The Big Ten announced Thursday that it will move all fall sports to a conference-only schedule.

Why it matters: This will have a snowball effect on the rest of the country, and could force all Power 5 conferences to follow suit, resulting in a regionalized fall sports season.

The second jobs apocalypse

Illustration: Aïda Amer/Axios

This week, United Airlines warned 36,000 U.S. employees their jobs were at risk, Walgreens cut more than 4,000 jobs, Wells Fargo announced it was preparing thousands of terminations this year, and Levi's axed 700 jobs due to falling sales.

Why it matters: We have entered round two of the jobs apocalypse. Those announcements followed similar ones from the Hilton, Hyatt, Marriott and Choice hotels, which all have announced thousands of job cuts, and the bankruptcies of more major U.S. companies like 24 Hour Fitness, Brooks Brothers and Chuck E. Cheese in recent days.

Big Tech marshals a right-leaning army of allies for antitrust fight

Illustration: Eniola Odetunde/Axios

As tech's giants prepare to face off with antitrust enforcers this summer, they will draw support from an array of predominantly right-leaning defenders ranging from influential former government officials to well-connected think tanks.

The big picture: The Justice Department, the Federal Trade Commission and the states have multiple investigations of monopolistic behavior underway targeting Facebook and Google, with other giants like Amazon and Apple also facing rising scrutiny. Many observers expect a lawsuit against Google to land this summer.