ExxonMobil logo. Photo: ERIC PIERMONT / AFP / Getty Images
U.S. and European Union sanctions against Russia have led ExxonMobil to announce Wednesday that it will end "exploration and research joint ventures with Rosneft," an integrated oil company owned by Russia's government, Reuters reports.
Why it matters: The change will result in a $200 million after-tax loss and will end projects throughout Russia, the U.S. and other countries.
Illustration: Sarah Grillo/Axios
Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images
NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.
What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.
Dueling statements at the UN Human Rights Council in Geneva shed light on geopolitical currents far beyond the walls of that institution.
Driving the news: China's Foreign Ministry and state media declared victory after 53 countries backed Beijing's new national security law for Hong Kong. Just 27 criticized the law, which imposes harsh penalties for vaguely defined political crimes and is widely viewed as the death knell for Hong Kong's autonomy.