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Screenshot: Google

Google unveiled its Pixel 4 smartphone and other new Made By Google hardware at an event Tuesday morning in New York City. Other products included a cheaper Pixelbook, more capable mesh WiFi system and a preview of new Google Buds earbuds coming next year.

Why it matters: Google intends for the Pixel to directly compete with Apple's iPhone and, while past versions have received positive reviews, it remains a relatively minor player in the smartphone market.

The big picture: The Pixel 4 has a range of new cameras and sensors, including the first radar sensor in a camera, as well as new software features.

  • Radar powers gesture controls, but also speeds up face unlock and can power down a phone when you aren't nearby.
  • A new Recorder app not only captures voice recordings, but transcribes them, a feature that will no doubt be appreciated by journalists and students.
  • Improved computational photography for better portraits and night shots.
  • 3 colors: Just Black, Clearly White and a limited edition Oh, So Orange.
  • 2 screen sizes, available today for pre-order, and ships Oct. 24. Starts at $799.
  • Unlike previous versions, the Pixel 4 will be available from all major U.S. carriers.

In addition to debuting the Pixel 4, Google also:

  • Introduced a less expensive Pixelbook laptop, the $649 Pixelbook Go.
  • Detailed its second-generation Pixel Buds that are coming next spring for $179.
  • Announced its Stadia streaming game service that will arrive Nov. 19.
  • Debuted a second-generation Nest Mini (neé Google Home Mini) with a case made from recycled plastic bottles. It sells for $49 and will be available Oct. 22.
  • Introduced Nest Wifi mesh router that Google says can cover 85% of the homes in the U.S. with just one extender "point." It also includes a smart speaker with Google Assistant.

Go deeper

Dan Primack, author of Pro Rata
59 mins ago - Economy & Business

Trump blocks banks from limiting loans to gun and oil companies

Illustration: Sarah Grillo/Axios

Big banks are no longer allowed to reject business loan applicants because of the industry in which they operate, according to a new rule finalized on Thursday by the Trump administration.

Why it matters: Wall Street has curtailed its exposure to industries like guns, oil and private prisons, driven by both public and shareholder pressures. This new rule could reverse that trend.

Former FDA commissioner: "Reliable drug supply is absolutely critical"

Axios' Caitlin Owens and former FDA commissioner Mark McClellan. Photo courtesy of Axios Events

Having a reliable supply of pharmaceutical drugs throughout America will be "absolutely critical" to boosting affordability in health care during the Biden administration, former Food and Drug Administration (FDA) commissioner Mark McClellan said at a virtual Axios Event on Friday.

The big picture: McClellan, who served under President George W. Bush, says drugs having limited supply and limited competition leads to elevated pricing. He considers drug supply to be a national security and public health issue.

Felix Salmon, author of Capital
4 hours ago - Economy & Business

Americans are still spending money

Source: Census Bureau; Chart: Axios Visuals

Americans spent more money at stores and restaurants in 2020 than they did in 2019 — even in the face of a devastating global pandemic that shut down broad sectors of the economy.

Why it matters: The monthly retail sales report this morning came in well below expectations, and showed consumer spending falling on a seasonally-adjusted basis. Total expenditures were still higher in December 2020 than they were a year previously, however.