Updated Jun 27, 2019

Big business becomes boogeyman at 1st Democratic debate

Photo: Joe Raedle/Getty Images

Candidates in the first 30 minutes of the first Democratic debate on Wednesday spent more time attacking big business than attacking President Trump.

Why it matters: Corporations such as pharmaceutical companies and Amazon are huge targets for progressives this campaign cycle. Candidates like Sen. Elizabeth Warren have proposed plans to hike tax rates on large corporations, while the Republican tax overhaul of 2017 looms over a potential Democratic administration.

What they're saying:

  • Warren: "Who is this economy really working for? It's doing great for thinner and thinner slices at the top. It's doing great for giant drug companies. It's just not doing great for people trying to get a prescription filled. It's great for people who want to invest in private prisons, just not for the African-Americans whose families are torn apart and lives are destroyed and whose communities are ruined."
  • Sen. Cory Booker: "We have a serious problem with corporate consolidation. You see the evidence in how dignity is stripped from labor and people who work full time jobs and still can't make a living wage. We see this because consumer prices are being raised by pharmaceutical companies that have holds on drugs,"
  • Former Rep. Beto O'Rourke: "Right now we have a system that favors those who can pay for access and outcomes. That's how you explain an economy that is rigged to corporations and the wealthiest."
  • NYC Mayor Bill de Blasio: "We are supposed to break up big corporations when they are not serving our democracy."

Go deeper:

Go deeper

Scoop: Inside the epic White House fight over hydroxychloroquine

Photo: Drew Angerer/Getty Images

The White House coronavirus task force had its biggest fight yet on Saturday, pitting economic adviser Peter Navarro against infectious disease expert Anthony Fauci. At issue: How enthusiastically should the White House tout the prospects of an antimalarial drug to fight COVID-19?

Behind the scenes: This drama erupted into an epic Situation Room showdown. Trump's coronavirus task force gathered in the White House Situation Room on Saturday at about 1:30pm, according to four sources familiar with the conversation. Vice President Mike Pence sat at the head of the table.

Go deeperArrowUpdated 19 mins ago - Health

How the coronavirus could shield Trump's tax returns

The Supreme Court canceled all oral arguments through early April due to COVID-19. Photo: Ting Shen/Xinhua via Getty Images

Here's an under-the-radar side effect of the coronavirus pandemic: It might spare President Trump from having to release his tax returns before the election.

Why it matters: The Supreme Court was supposed to hear arguments last month over whether House Democrats had the legal authority to subpoena Trump's financial records.

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 1,260,104 — Total deaths: 69,082 — Total recoveries: 258,588Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 331,151 — Total deaths: 9.441 — Total recoveries: 16,848Map.
  3. Federal government latest: Surgeon general says this week will be "our Pearl Harbor, our 9/11 moment." The USDA confirms that a Bronx zoo tiger tested positive for coronavirus.
  4. 2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. Biden says DNC may have to hold virtual convention.
  5. States updates: New York Gov. Andrew Cuomo said the state is "literally going day-to-day" with supplies.
  6. World update: Queen Elizabeth II urges the British people to confront pandemic with "self-discipline" and "resolve" in rare televised address.
  7. What should I do? Pets, moving and personal health. Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.