The Presidents Club has made the decision to shut down, per Bloomberg's Joe Mayes, after the Financial Times posted a bombshell report yesterday about the London organization's annual Charity Dinner, a men-only event that raised money via auction for causes like the United Kingdom's preeminent children's hospital. But the FT detailed how the dinner's hostesses were encouraged to drink on the job and faced sexual harassment, groping, and propositioning from some of the U.K.'s wealthiest men — all for a night's wage of £150.

The prior fallout: The U.K.'s Charity Commission announced a probe into the dinner as the head of the trust behind the dinner stepped down from a role with the government's Department of Education. The Bank of England revoked its auction lot of a tea with its head, Mark Carney, while Great Ormond Street Hospital and the Evelina London Children’s Hospital said that they'd return all donations received from the dinner.

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56 mins ago - Technology

Congress' next moves to rein in Big Tech

Illustration: Eniola Odetunde/Axios

After grilling the CEOs of Amazon, Facebook, Google and Apple last week, members of Congress are grappling with whether to accuse any of the firms of illegal anticompetitive behavior, to propose updating federal antitrust laws — or both.

The big picture: Congress is just one arm of government making the case against these companies. Google is expected to be the first of the firms to face possible antitrust litigation from the Justice Department before summer's end, but all four face a full-court press of investigations by DOJ, the Federal Trade Commission and state attorneys general.

Fauci: Coronavirus task force to examine aerosolized spread

A sneeze. Photo: Maartje van Caspel/Getty Images

The White House coronavirus task force will examine more closely just how much SARS-CoV-2 might be transmitted via aerosols, and not just from droplets, NIAID director Anthony Fauci said Wednesday at an online forum sponsored by Harvard T.H. Chan School of Public Health.

Why it matters: The longer the coronavirus can remain infectious in the air, the more likely it can infect people, particularly indoors — leading to the possible need to alter air filtration and circulation within buildings.

The next wave to hit Main Street

Illustration: Eniola Odetunde/Axios

Call it the great retail wash. A wave of defaults, bankruptcies and evictions expected in cities across the U.S. is poised to remake the retail landscape across the country, but there may be some upside for consumers and small businesses.

Why it matters: Rather than an overnight descent into a collection of urban wastelands full of Starbucks, Amazon fulfillment centers, Chase bank branches and nothing else, the coronavirus pandemic and resulting retail apocalypse may just mean that, in major U.S. cities, less is more.