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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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AP Photo/Kathy Willens

Fantasy sports site FanDuel is in the process of raising between $30 million and $40 million in new financing from existing investors, Axios has learned. The deal would be structured as a convertible note. A FanDuel spokeswoman declined comment.

Why now: This fundraising comes two months after FanDuel and DraftKings terminated their merger agreement, due to objections from federal antitrust regulators. New York-based FanDuel had suspended fundraising activities in anticipation of the merger, which had valued each company at $1.2 billion, so this is really just a restart of an old process.

Money history: Prior to this round, FanDuel had raised over $400 million in funding from firms like KKR, Google Capital, Shamrock Capital Group, Time Warner Investments and Comcast Ventures.

Go deeper

31 mins ago - Health

J&J CEO "absolutely" confident in vaccine distribution goals

Johnson & Johnson CEO Alex Gorsky said Monday that he is "absolutely" confident that the company will be able to meet its distribution goals, which include 100 million doses by June and up to a billion by the end of 2021.

Driving the news: J&J is already in the process of shipping 3.9 million doses this week, just days after the FDA issued an emergency use authorization for the one-shot vaccine. Gorsky said he expects vaccines to be administered to Americans "literally within the next 24 to 48 hours."

Dion Rabouin, author of Markets
1 hour ago - Economy & Business

Clash of the central bankers

Photo Illustration: Eniola Odetunde/Axios. Photos: Bloomberg, Samuel Corum (Stringer)/Getty Images

While Fed chair Jerome Powell is brushing off the seismic rise in government bond yields and a corresponding decline in stock prices, a group of central bankers in the Pacific are starting to take action.

Driving the news: Bank of Japan governor Haruhiko Kuroda told parliament on Friday the BOJ would not allow yields on government debt to continue rising further above the BOJ's 0% target.

Biden expresses support for Amazon workers' union vote in Alabama

Photo: Joe Raedle/Getty Images

President Biden expressed support for a union vote by Amazon warehouse workers in Alabama in a two-minute video posted on Twitter Sunday, though he did not name the tech giant specifically.

Why it matters: A vote by workers at the Bessemer, Ala., warehouse to join the Retail, Wholesale and Department Store Union would make the facility the first Amazon warehouse to unionize in the U.S., per NPR. The election will run through March 29.

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