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Charlie Riedel / AP

A week after Hurricane Harvey pummeled the Texas coast as a Category 4 storm, some residents of the region are finally beginning their journey toward recovery. Others, left without drinking water, forced from their homes, or trapped in cities transformed into islands, are still stuck in the middle of a crisis.

  • Local officials have recorded at least 46 deaths related to the storm as of this morning, and warned that the number could rise as recovery efforts continue.
  • The core of the storm, which is beginning to lose some of its tropical characteristics, is traveling north up the Ohio River Valley and Mid-South, according to the National Weather Service.
  • The storm isn't expected to dissipate until later Saturday.

More on Harvey:

  • In Beaumont, a city of roughly 118,000 near the Louisiana border, running water has been cut off completely, and many people are stuck with no escape as the rainwater has turned it into an island.
  • Much of Port Arthur, a city of about 55,000 roughly 100 miles east of Houston, still remains underwater, with flooding covering the highways and cutting it off from the rest of the state.
  • Officials are keeping a close eye on the chemical plant where two blasts took place on Thursday. The company warned that more could follow and said "The best course of action is to let the fire burn itself out."
  • Another hurricane, Irma, is building over the Atlantic. Forecasters say it is still too early to know whether it will reach the U.S.
  • President Trump and the first lady will travel to Texas and Louisiana Saturday, and will likely visit the Houston area and Lake Charles.
  • Trump is pledging $1 million of his "personal money" to Hurricane Harvey relief, and has also requested Congress free up $6 billion for immediate Harvey recovery.
  • Electricity provider Entergy said about 61,000 customers are without power in eastern Texas. About 9,500 customers in western Louisiana were also without electricity, per NYT.

Go deeper in the Axios stream:

Go deeper

Intel CEO calls for "moonshot" to boost U.S. role in chipmaking

Intel CEO Pat Gelsinger. Photo: Horacio Villalobos - Corbis/Getty Images

Intel CEO Pat Gelsinger called Monday for the U.S. to spend billions of dollars over the next few years as part of a "moonshot" designed to regain lost ground in semiconductor manufacturing. The goal, he said, is to see the U.S. again account for a third of global output, up from about 12% today.

Why it matters: Investments made now will take several years to bear fruit, so they won't do much to ease the current semiconductor shortage, but they're vital to America's long-term economic future and national security, Gelsinger told Axios on Monday.

Live events industry eyes pandemic comeback

Illustration: Aïda Amer/Axios

The "live economy" — broadway shows, concerts, music festivals and more — is in pandemic purgatory.

What's going on: Some events are getting the green light to restart as vaccinations roll out. But operators in states with audience caps are holding back as they contemplate whether it makes financial sense for the show to go on.

Ant Group gets new marching orders from regulators in China

Illustration: Sarah Grillo/Axios

Uncertainty surrounding the future of China’s giant fintech company Ant Group cleared up on Monday after years of friction with its domestic regulators.

Driving the news: Ant is shedding its cool tech image and stepping into a new identity as a financial holding company — the result of forced changes by several banking and securities agencies in China.