George Soros, Founder and Chairman of the Open Society Foundation, waits for the start of a meeting at EU headquarters. Photo: Olivier Hoslet, Pool Photo via AP

George Soros has invested $18 billion in Open Society Foundations, according to foundation officials, the Wall Street Journal reports. And Soros, who is one of the world's most successful investors, has done it again.

Why it matters: "Now holding the bulk of Mr. Soros's fortune, Open Society has vaulted to the top ranks of philanthropic organizations, appearing to become the second largest in the U.S. by assets after the Bill and Melinda Gates Foundation, based on 2014 figures from the National Philanthropic Trust."

  • About: "Having lived under both communism and a Nazi occupation in Hungary ... Soros hoped to foster 'open societies' in places where authoritarian governments held power."
  • Abroad: "Open Society ... operates through a network of more than 40 foundations and offices in countries from Afghanistan to South Africa. It has funded refugee relief, public-health efforts ... Open Society's activism has sometimes angered nationalist governments."
  • At home: "In the U.S., where Mr. Soros is a major contributor to liberal and Democratic causes, he is a lightning rod for conservatives. Open Society has supported efforts to overhaul immigration policies and the criminal-justice system ... It has supported activists working on issues raised by ... Black Lives Matter."

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Updated 5 hours ago - Politics & Policy

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Illustration: Aïda Amer/Axios

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  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
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  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.