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Reproduced from AAAS via the American Energy Innovation Council; Chart: Axios Visuals

The chart above shows how the share of federal spending on energy research and development has largely declined over decades.

Driving the news: It's one of the data points in a report last week urging Congress to greatly expand the federal programs that help develop and commercialize climate-friendly tech.

What they're saying: Recommendations from the American Energy Innovation Council — a group of private-sector heavyweights including Bill Gates and Royal Dutch Shell chairman Chad Holliday — include...

  • Boosting funding for the Energy Department's Advanced Research Projects Agency-Energy program (ARPA-E) to $1 billion per year, which is over twice current levels.
  • Also expanding funding for DOE's Office of Technology Transitions and its lab-embedded entrepreneurship program.
  • Creating a federal Clean Energy Deployment Administration and transforming today's renewable energy tax incentives into a technology-neutral credit that would support newer technologies.

Go deeper: 2020 climate plans have lofty goals for energy research and development

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U.S., Canada and U.K. accuse Russia of trying to steal coronavirus vaccine research

Russian President Vladimir Putin. Photo: Alexei Druzhinin\TASS via Getty Images

Hackers associated with Russian intelligence services are trying to steal information from researchers involved in coronavirus vaccine development, according to a joint advisory by U.K., U.S. and Canadian authorities published Thursday.

The big picture: This isn't the first time a foreign adversary has been accused of attempting to steal COVID-19-related research. U.S. officials in May announced an uptick in Chinese-government affiliated hackers targeting medical research and other facilities in the United States for data on a potential cure or effective treatments to combat the virus.

M&A activity falls despite early coronavirus fears

Illustration: Aïda Amer/Axios

In April, several prominent Democrats proposed a moratorium on large mergers and acquisitions. Their argument was that the pandemic would embolden the strong to pounce on the weak, thus reducing competition.

Fast forward: The moratorium never materialized. Nor did the M&A feeding frenzy.

More than 32 million Americans are receiving unemployment benefits

Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.