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

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Rep. Adam Schiff, ranking member of the House Intelligence Committee, speaks to reporters on Capitol Hill. Photo: J. Scott Applewhite / AP

Glenn Simpson, a co-founder of Fusion GPS, agreed to testify in a closed-door setting before the House Intelligence Committee next week in exchange for the panel withdrawing a subpoena, per CNN.

Why it matters: Fusion GPS, a Washington-based investigative firm, has been under heightened scrutiny in recent months for commissioning the Steele dossier, which details Trump's alleged interactions with Russians during his campaign. The firm was also hired by Hillary Clinton and the DNC to collect damaging information about Trump.

More details:

  • Simpson testified before the Senate Judiciary Committee for 10 hours earlier this year in a closed session and provided information to the Senate Intelligence Committee under the condition that he would not be forced to waive privileges protecting the firm and the identities of its clients.
  • Fusion GPS attorney Josh Levy said in a statement Wednesday that leaders of the House Intel Committee agreed to interview Simpson under similar circumstances.

Court battle:

  • In addition to their subpoena for Simpson's testimony, the House Intel panel also issued a subpoena for Fusion GPS' bank records. But last month Fusion went to court to try to block the order.
  • It's unclear where the committee's attempt to obtain the records stands, but Levy said the current agreement for Simpson to testify is separate from the court battle over the records.

Go deeper

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Investors increase their exuberance

Illustration: Eniola Odetunde/Axios

U.S. stocks jumped across the board on Monday and the S&P 500 had its best day since June 5, as the bulls stepped in and bought the dips in stock prices following last week's minor selloff.

Why it matters: While some have worried rising U.S. interest rates would dampen investor exuberance over the expected pickup in economic growth thanks to increasing vaccine numbers and big fiscal spending hopes, Monday showed investors still like risk assets. A lot.

4 hours ago - World

China and Russia vaccinate the world — for now

Illustration: Aïda Amer/Axios

While the U.S. and Europe focus on vaccinating their own populations, China and Russia are sending millions of COVID-19 vaccine doses to countries around the world.

Why it matters: China's double success in controlling its domestic outbreak and producing several viable vaccines has allowed it to focus on providing doses abroad — an effort that could help to save lives across several continents.

Ina Fried, author of Login
4 hours ago - Technology

China will dominate AI unless U.S. invests more, commission warns

Photo illustration: Axios Visuals. Photo: Krisztian Bocsi/Bloomberg via Getty Images

The U.S., which once had a dominant head start in artificial intelligence, now has just a few years' lead on China and risks being overtaken unless government steps in, according to a new report to Congress and the White House.

Why it matters: Former Google CEO Eric Schmidt, who chaired the committee that issued the report, tells Axios that the U.S. risks dire consequences if it fails to both invest in key technologies and fully integrate AI into the military.

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