Left to right: "Fox & Friends" co-hosts Steve Doocy and Brian Kilmeade shoot pool as Fox Nation's "UN-PC" co-host Britt McHenry and Ainsley Earhardt watch. (Photo: Fox News)

Fox Nation, an on-demand, subscription-based service ($5.99/month) that will include a weekly video from conservative social media stars Diamond & Silk, is set to launch on Tuesday morning.

Why it matters: Fox News is joining a very competitive field in the conservative news-streaming space. But the reality is that this is an experiment for the Murdochs, who have successfully launched streaming services elsewhere around the globe.

Details:

  • Fox News says there'll be 40-50 hours of new programming a week.
  • There won't be a set schedule because everything will be on demand.
  • The switch will flip with "Primetime Highlights" — key moments from last night, with co-hosts Carley Shimkus and Rob Schmitt.
  • Daily programming will end with a quiz show at around 7 p.m.

The bigger picture: Fox News joins other networks in trying to build a direct-to-consumer video product that they can sell without going through pay-TV providers, which keep the data.

  • The consensus among analysts is that most networks don't have the scale to compete directly with streaming giants like Netflix or Amazon.
  • Instead, the streaming efforts create incremental revenue for the networks and help them expand their audiences. At this point, it's marketing. 

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Scoop: Chinese biotech giant's U.S. subsidiary received PPP loan

Chinese biotech company BGI Genomics provided mobile labs for conducting COVID-19 tests at a sports center in Beijing. Photo credit: Xinhua/Chen Zhonghao via Getty Images.

A U.S. subsidiary of Chinese genomics company BGI Group received a loan through the Paycheck Protection Program (PPP), according to data on the program released by the U.S. Treasury Department this week.

Why it matters: BGI's close ties to the Chinese government, which is constructing a massive genetics database of its population, have raised concerns among U.S. officials.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 12,077,210 — Total deaths: 550,327 — Total recoveries — 6,636,374Map.
  2. U.S.: Total confirmed cases as of 1o:30 a.m. ET: 3,055,491 — Total deaths: 132,310 — Total recoveries: 953,420 — Total tested: 37,431,666Map.
  3. Public health: Cases rise in 33 states — Fauci says states with severe outbreaks "should seriously look at shutting down"
  4. Education: How Trump's push to reopen schools could backfire — College sports stare down a disaster in the fall.
  5. Jobs: 1.3 million Americans filed for unemployment last week.

Supreme Court says Manhattan prosecutors can obtain Trump's financial records

Photo: Saul Loeb/AFP via Getty Images

The Supreme Court ruled Thursday that Manhattan prosecutors can obtain President Trump's financial records — and punted House Democrats' efforts to access similar records to a lower court.

Why it matters: The Manhattan ruling, a 7-2 decision, is a stinging loss for Trump, who has fought relentlessly to keep these records secret.